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Fed’s December rate cut looks increasingly like a toss-up

By Ann Saphir and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) -Citing worries about inflation and signs of relative stability in the labor market after two U.S. interest rate cuts this year, a growing number of Federal Reserve policymakers are signaling reticence on further easing, helping push ...
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IRS boosts contribution limits for 401(k) retirement plan savers

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The IRS said Thursday the maximum contribution that an individual can make in 2026 to a 401(k), 403(b) and most 457 plans will be $24,500. That's ...
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Fed’s Kashkari wanted rate-cut pause in October, reports Bloomberg News

(Reuters) -Minneapolis Federal Reserve President Neel Kashkari told Bloomberg News in an interview on Thursday that he did not support the Fed's interest-rate cut in October given the economy's resilience, and said he was undecided on what to do for the Fed's meeting next ...
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Blue Origin launches huge rocket carrying twin NASA spacecraft to Mars

CAPE CANAVERAL, Fla. (AP) - Blue Origin launched its huge New Glenn rocket Thursday with a pair of NASA spacecraft destined for Mars. It was only the second flight of the rocket that Jeff Bezos' company and NASA are counting on to get people and ...
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Fed hopes melt, stocks sink

By Jamie McGeever ORLANDO, Florida (Reuters) -Wall Street tumbled and Treasury yields rose on Thursday as expectations of a Federal Reserve interest rate cut next month faded rapidly, while the dollar also fell in a bleak session for U.S. asset prices. More on that below. In ...
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Some Korean workers detained in Georgia immigration raid have returned to their jobs at Hyundai site

SAVANNAH, Ga. (AP) - Two months after 300 South Korean nationals were detained and left the U.S. following in an immigration raid at Hyundai's electric vehicle manufacturing site in Georgia, some of those workers have returned to America to resume those jobs, their employer ...
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Exclusive-European officials consider pooling dollars to lessen Fed reliance after Trump shocks

By Elisa Martinuzzi, Balazs Koranyi, Stefania Spezzati, Mathieu Rosemain and Giuseppe Fonte (Reuters) -European financial stability officials are debating whether to create an alternative to Federal Reserve funding backstops by pooling dollars held by non-U.S. central banks in a bid to reduce their reliance ...
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Fed’s Hammack: Restrictive monetary policy needed to cool inflation 

NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday that interest rate policy should remain restrictive so it can put downward pressure on still concerning levels of inflation. "This is a difficult time for monetary policy" given challenges to the ...
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Airlines are optimistic about a quick recovery ahead of Thanksgiving once FAA ends flight cuts

Airlines are optimistic they can resume normal operations just a few days after the government lifts its order to cut some flights at 40 busy airports, but it's not clear how soon that will happen even though the federal shutdown is over. The Federal Aviation ...
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US judge denies motions to disqualify officers, advisers involved in Citgo auction

By Marianna Parraga HOUSTON (Reuters) -A U.S. judge has denied motions filed by Venezuela and Gold Reserve to disqualify him, a court officer and two advising firms overseeing an auction of shares in the parent of refiner Citgo Petroleum, a court filing showed on Thursday, ...
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Exclusive-Carlyle exploring options to buy Lukoil foreign assets, sources say

By Dmitry Zhdannikov LONDON (Reuters) -U.S. private equity giant Carlyle is exploring options to buy Russian oil major Lukoil's foreign assets, three sources familiar with the situation said. The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace ...
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Crypto-focused Grayscale reveals 20% revenue drop in US IPO filing

(Reuters) -Grayscale recorded a 20% fall in revenue for the first nine months of 2025, the crypto-focused asset manager disclosed in its U.S. initial public offering paperwork on Thursday. The company made its IPO filing public hours after President Donald Trump signed a deal to ...
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