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US considering removing tax on capital gains on home sales, Trump says

WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday his administration is considering removing taxes on capital gains on home sales. “If the Fed would lower the rates, we wouldn’t even have to do that,” Trump told reporters in the Oval Office. “But we are ...
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US companies CPS Energy, Modern Hydrogen agree to work on clean power generation project

(Reuters) -Texas-based utility firm CPS Energy on Tuesday said it entered into an agreement with energy company Modern Hydrogen on a new project to explore the potential for increasing electricity grid resiliency and enabling cleaner power generation from natural gas. “CPS Energy will pilot Modern ...
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Ukraine’s parliament passes bill weakening anti-corruption agencies. The public is furious

KYIV, Ukraine (AP) — Ukraine ’s parliament on Tuesday passed legislation that would tighten oversight of two key anti-corruption agencies, which critics say could significantly weaken their independence and give President Volodymyr Zelenskyy’s circle greater sway over investigations. Fighting entrenched corruption is crucial for Ukraine’s ...
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Paintmaker Sherwin-Williams cuts 2025 profit forecast on weak demand

By Katha Kalia and Sumit Saha (Reuters) -Sherwin-Williams cut full-year adjusted profit forecast and missed second-quarter earnings estimate on Tuesday, hit by weak demand for its paint products. A sharp drop in new U.S. home sales has pressured demand for construction-related coatings, materials and paints. “Demand ...
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Musk’s xAI working to raise up to $12 billion, WSJ reports

(Reuters) -Elon Musk’s artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation. Valor Equity Partners, an investment firm whose founder, Antonio ...
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Universal’s $775 million Downtown deal may hinder competition, EU regulators warn

By Foo Yun Chee BRUSSELS (Reuters) -Universal Music Group unit Virgin Music Group’s $775 million acquisition of Downtown Music may hinder competition and remove an important competitor, EU antitrust regulators warned on Tuesday, a move which may require concessions from the world’s largest music company. Virgin ...
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Analysis-De-risking mood adds more demand for US corporate bonds

By Shankar Ramakrishnan and Matt Tracy (Reuters) -Investors have begun to de-risk their equity portfolios and buy more investment-grade corporate bonds as U.S. stock indices near new record highs, in turn pushing corporate borrowing costs to their tightest levels since 1998 for the second time ...
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Trump says Fed’s Powell will be out soon

WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell kept rates too high and will be out in eight months, President Donald Trump said at a news conference on Tuesday. “I think he’s done a bad job, but he’s going to be out pretty soon,” he ...
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Boeing kicks off production of 777-8 freighter, the Seattle Times reports

(Reuters) -Boeing has kicked off production of its newest freight carrier, the 777-8, the Seattle Times reported on Tuesday. The aircraft, which has a revenue payload of 112.3 tonnes, was first announced in 2022 at the White House. Boeing had then said that Qatar Airways ...
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Colbert jokes about ‘cancel culture’ and has a very pointed message for President Donald Trump

Stephen Colbert returned for his first full program after last week’s announcement that CBS was canceling his “Late Show” with some supportive late-night guests, a joke about cancel culture and an extremely pointed remark directed at President Donald Trump. “I’m going to go ahead and ...
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D.R. Horton third-quarter results beat estimates on incentives push

(Reuters) -D.R. Horton reported third-quarter profit and revenue above estimates on Tuesday as buyer incentives sustained home sales amid high interest rates and rising costs, sending shares of the homebuilder up more than 12% in morning trading. The sector is grappling with weakening consumer sentiment, ...
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RTX cuts 2025 profit forecast as tariff costs weigh

(Corrects CFO name in paragraph 4 to Mitchill from Mitchell) By Mike Stone (Reuters) -RTX cut its 2025 profit forecast on Tuesday, as the aerospace and defense giant took a hit from U.S. President Donald Trump’s trade war despite strong demand for its engines and ...
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