• August 26, 2024

U.S. Latinas contributed $1.3 trillion to the GDP, about as much as Florida's economy, report finds

Latinas contributed $1.3 trillion to the U.S. gross domestic product in 2021, up from $661 billion in 2010 and at a growth rate nearly triple that of non-Latinos during the same time period, accordi...

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• August 26, 2024

Kroger and Albertsons defend merger plan in federal court against US regulators' objections

PORTLAND, Ore. (AP) — Supermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn'...

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• August 26, 2024

Indonesian Palm Oil Output Set to Fall on Dry Weather, Old Trees

(Bloomberg) -- The outlook for Indonesia’s palm oil harvest has dimmed as dry weather and aging trees crimp production in the world’s top grower, which will likely tighten global supply and keep pri...

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• August 26, 2024

Trump and Harris are both threatening more inflation

The Federal Reserve finally seems to think it has corralled the high inflation of the last three years. So why are the two presidential candidates threatening to unleash it all over again? Neithe...

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• August 26, 2024

Stock market today: Dow closes at record high while S&P 500, Nasdaq slide as tech lags

The Dow Jones Industrial Average ( ^DJI ) notched a record close on Monday while the other two major averages slid as investors weighed the imminent arrival of interest rate cuts and braced for a ...

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• August 26, 2024

California AI bill sparks debate in Silicon Valley as some tech giants call it a threat to innovation

A first of its kind AI bill is winding its way through California, causing infighting between groups of AI pioneers. The AI safety bill SB 1047 would put more responsibility on any developer spen...

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• August 26, 2024

Oil prices jump 3% on Middle East tensions, Libya production halt

Oil prices jumped sharply on Monday amid a halt in Libyan oil production and heightened tensions in the Middle East. West Texas Intermediate ( CL=F ) rose more than 3% to settle at $77.42 per b...

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• August 26, 2024

Fed most likely to cut rates by quarter percentage point next month, Daly says

By Ann Saphir (Reuters) - San Francisco Federal Reserve President Mary Daly on Monday said "the time is upon us" to cut interest rates, likely starting with a quarter-percentage point reduction i...

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• August 26, 2024

Fed’s Daly Agrees With Powell View That It’s Time to Cut Rates

(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said she believes it’s appropriate for the US central bank to begin cutting interest rates. “The time to adjust policy is ...

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• August 26, 2024

Nvidia to report Q2 earnings Wednesday in major test for AI trade

AI juggernaut Nvidia ( NVDA ) will report its second quarter earnings after the bell on Wednesday. Nvidia’s announcement — the most anticipated results of the quarter — will send ripple effects th...

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