Trump's Win Marks a New Era for AI Stocks

With Donald Trump back in the Oval Office, Louis Navellier says the next wave of AI winners is already taking shape. Discover which stocks could benefit from his first moves.

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US economy is believed to have grown at a solid pace again last quarter

WASHINGTON (AP) — Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates.

Stock market today: Asian shares fall after Wall Street pulls back from its records

TOKYO (AP) — Asian shares outside of China declined in cautious trading Tuesday ahead of earnings reports both in the region and overseas, after Wall Street’s long, record-breaking rally ran out of steam.

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Czech central bank cuts key interest rate to 4% as inflation stays low

PRAGUE (AP) — The Czech Republic’s central bank on Thursday cut its key interest rate for the eighth time in a row as inflation remains low and as the economy is making a slow recovery.

Federal Reserve is set to cut rates again while facing a hazy post-election outlook

WASHINGTON (AP) — No one knows how Tuesday's presidential election will turn out, but the Federal Reserve's move two days later is much easier to predict: With inflation , the Fed is set to cut interest rates for a this year.

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Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

WASHINGTON (AP) — Treasury Secretary is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before .

Malaysia to revamp gasoline subsidies and raise taxes in a bid to narrow deficit

KUALA LUMPUR, Malaysia (AP) — Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive reforms to narrow the country's fiscal deficit, Prime Minister Anwar Ibrahim said Friday as he unveiled a national budget for 2025.

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Japan records trade deficit on weak yen, slowing exports

TOKYO (AP) — Japan racked up a trade deficit of 294.3 billion yen ($2 billion) in September, according to Finance Ministry data released Thursday, as exports fell to key destinations like China.

China’s exports slow sharply in September, adding to worries over the economy

HONG KONG (AP) — China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world’s second-largest economy.

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China announces more support for economy but holds back on major spending package

HONG KONG (AP) — China’s economic planning agency outlined details of measures aimed at boosting the economy on Tuesday but refrained from major spending initiatives.

Jobs report is likely to show another month of modest but steady hiring gains

WASHINGTON (AP) — The U.S. labor market is still reliably cranking out jobs each month, enough to give Americans the confidence and paychecks to keep spending and sustaining the economy. Yet the pace of hiring has lost momentum over the past several months, evidence that employers have become more cautious.

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Richmond Fed president urges caution on interest rate cuts because inflation isn't defeated

WASHINGTON (AP) — The president of the Federal Reserve's Richmond branch says he supports reducing the central bank's key interest rate “somewhat” from its current level but isn't yet ready for the Fed to fully take its foot off the economy's brakes.

US economy grew at a solid 3% rate last quarter, government says in final estimate

WASHINGTON (AP) — The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said Thursday, leaving its previous estimate unchanged.

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Stock market today: Asian shares gain as China eases rates to aid property industry

Asian shares advanced Tuesday, with Chinese markets logging the biggest gains after the central bank announced a to support the economy.

The Fed sees its inflation fight as a success. Will the public eventually agree?

WASHINGTON (AP) — With its larger-than-usual to its key interest rate last week, the Federal Reserve underscored its belief that it's all but conquered inflation after three long years.

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China's economy softens in August as Beijing continues to grapple with lagging demand

BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand.

Russian central bank hikes rates to fight inflation fueled by military spending in growing economy

MOSCOW (AP) — Russia's central bank raised its key interest rate by a full percentage point to 19% to combat high inflation as government spending on the military strains the economy's capacity to produce goods and services and drives up workers' wages.

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Japan's economy is growing, but political uncertainty is among the risks

TOKYO (AP) — Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending, revised government data showed Monday.

Asian markets are trading mixed as investors wait for key US jobs report

TOKYO (AP) — Asian shares traded mixed Tuesday as investors looked ahead to a key report on U.S. employment set for release later in the week.

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Asian shares mostly slip as market focus turns from Nvidia to US economy

TOKYO (AP) — Asian shares mostly fell Thursday as market attention turned to upcoming data on the U.S. economy after .

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, according to a funded by Bank of America and conducted by professors at California Lutheran University and UCLA.

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Gov. Jim Justice tries to halt foreclosure of his West Virginia hotel as he runs for US Senate

CHARLESTON, W.Va. (AP) — Gov. Jim Justice is in a as he runs for U.S. Senate to keep a historic West Virginia hotel at his luxury resort before it's auctioned off next week due to unpaid debts.

Kayak CEO says being number 2 to Google in travel searches is 'not a bad place to be'

Travel is booming, with record numbers of passengers surging through U.S. airports, and Kayak CEO Steve Hafner says searches on his company's site are still rising as people start to think about holiday trips.

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FACT FOCUS: Trump blends falsehoods and exaggerations at rambling NJ press conference

Former President Donald Trump on Thursday gave his in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week's Democratic National Convention.

UK economy grows 0.6% between April and June as it recovers from recession

LONDON (AP) — Britain's economy continued its recovery from recession at the end of last year, with its GDP increasing by 0.6% between April and June, official figures showed Thursday.

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Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike

WASHINGTON (AP) — The great inflation spike of the past three years is nearly spent — and economists credit for helping slay it.

As South Sudan's oil revenues dwindle, even the security forces haven't been paid in months

JUBA, South Sudan (AP) — The recent rupture of a crucial oil pipeline has sent fresh pain through the economy of South Sudan, where even the security forces haven't been paid in nine months. Some soldiers and civil servants are turning to side hustles or abandoning their jobs.

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