Economy

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Elon Musk Faces Massive Lawsuit After Menacing Email Ultimatum

Elon Musk sent an email to every federal worker asking them to explain their accomplishments. He got sued instead.

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Senate confirms Kelly Loeffler to lead Small Business Administration

Loeffler said Trump's policies would usher in a 'golden era of prosperity and growth'

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  • Source: AP News
  • 02/14/2025
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Biden’s EPA issued $20 billion in green grants. Now Trump’s administration wants that money back

In a major reversal, the new head of the Environmental Protection Agency said he will try to rescind $20 billion in grants awarded by the Biden administration for climate and clean-energy projects.

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United Airlines Flight Evacuated Over Engine Issue: 'It's on Fire'

A United Airlines flight was evacuated after an aborted takeoff when passengers noticed a wing was on fire.

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  • Source: NBC News
  • 01/31/2025
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FDA approves new type of nonopioid painkiller for acute pain

The drug, Journavx, from Vertex Pharmaceuticals, reduced pain after surgery in clinical trials. Experts hope it can lead to fewer opioid prescriptions.

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  • Source: Variety
  • 01/23/2025
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Netflix Raising Prices in U.S. Again, Including First Hike on Ad-Supported Tier

Netflix is increasing subscription prices in the U.S. and other markets — including the first hike on its ad-supported plan.

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Donald Trump to Declare National Energy Emergency to Lower Energy Prices

President-elect Donald Trump will reportedly declare a national energy emergency to boost American energy production and lower energy prices.

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Melania Trump launches cryptocurrency meme coin after President-elect Trump launches his own

Melania Trump's new cryptocurrency meme, $MELANIA, was trading at over $10 by Sunday night

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  • Source: AP News
  • 01/16/2025
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Canadian minister warns that Americans will experience economic pain from Trump tariffs

Canada’s energy minister came to Washington this week to warn U.S. lawmakers about President-elect Donald Trump’s tariffs threat on Canada: They’d inflict economic pain on Americans, with higher prices and job losses.

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  • Source: yahoo
  • 01/13/2025
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Elon Musk says SpaceX will provide free Starlink terminals to areas hit by LA wildfires

Elon Musk said SpaceX will donate free Starlink terminals to areas hit by the massive LA wildfires.

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  • Source: NY Post
  • 01/10/2025
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LA fires could cause over $50B in damages — making them the most expensive in California history

The devastating fires ripping across Los Angeles could cause more than $50 billion in damages – making them the most costly in state history, according to a report.

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McDonald’s Becomes Latest Big Company to Walk Back DEI Measures

McDonald’s announced Monday that it will be scaling back some of its diversity, equity, and inclusion measures in the wake of the Supreme Court’s decision to ban race-based college admissions policies and amid a growing conservative push to restrict the progressive corporate initiatives.

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Costco defends DEI program as other major retailers drop controversial diversity push

Costco board asks shareholders to vote against proposal challenging its diversity, equity and inclusion practices

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MAGA civil war as Elon Musk and Vivek clash with hard right on key immigration issue

The MAGA movement, long united under its 'America First' banner, is facing a deepening schism as an intense online battle over the H-1B visa program enfulfs its ranks.

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Biden cancels student loans for 55,000 public service workers in final push

The Biden administration is canceling federal student loans for another 55,000 workers through an existing program known as Public Service Loan Forgiveness.

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U.S. stock indexes close lower amid regulatory concerns

U.S. stocks ended lower on Monday, weighed down by a slide in Nvidia, as the combination of regulatory concerns and macroeconomic anticipation weighed on sentiment, leaving investors cautious as the week unfolds.