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Keir Starmer

Business
Fed Approves First Rate Cut Of 2025 As Job Market Slumps: What To Know Fed Approves First Rate Cut Of 2025 As Job Market Slumps: What To Know
Fed Approves First Rate Cut Of 2025 As Job Market Slumps: What To Know The Federal Reserve has cut its key interest rate for the first time in 2025 amid a slowing job market and economic pressure from President Donald Trump's tariffs. The Fed approved the quarter-point reduction to interest rates on Wednesday, Sept. 17. The overnight funds rate will drop to between 4% and 4.25%, in the first rate cut since December 2024. The cut comes as the Fed warns about rising prices and a slumping labor market. "Recent indicators suggest that growth of economic activity moderated in the first half of the year," the Fed said in a news release. "Job gains have slowed,…

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by Chris Spiker
News
British Ambassador To US Fired Over Links To Jeffrey Epstein Ahead Of Trump's State Visit To UK British Ambassador To US Fired Over Links To Jeffrey Epstein Ahead Of Trump's State Visit To UK
British Ambassador To US Fired Over Links To Jeffrey Epstein Ahead Of Trump's State Visit To UK The United Kingdom’s top diplomat in Washington was abruptly removed after newly leaked documents revealed his close friendship and support for Jeffrey Epstein, even after Epstein’s 2008 conviction for sex crimes.  Peter Mandelson, Britain’s ambassador to the US, was dismissed following the publication of a 2003 birthday note to Epstein calling him “my best pal,” as well as emails from 2008 in which Mandelson urged Epstein to “fight for early release” and called his conviction “wrongful.” The firing was announced Thursday, Sept. 11, by UK Prime Minister Keir Starmer, just days before a…

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by Joe Lombardi
Business
Trump Tariffs Hit Ford Harder Than Foreign Rivals, US Automaker Says Trump Tariffs Hit Ford Harder Than Foreign Rivals, US Automaker Says
Trump Tariffs Hit Ford Harder Than Foreign Rivals, US Automaker Says The automaker that builds more cars in the US than any other company says it may actually be hurt more by President Donald Trump's tariffs than foreign manufacturers. Ford said it's at a disadvantage compared to companies based in the European Union, Japan, and South Korea, The Wall Street Journal reported. Trump has set the tariff rate for those nations at 15%, significantly lower than the broad 25% duty on autos and light trucks that began in the spring. The 15% duties are the newest in Trump's rapidly changing tariff policies, with the latest rates going into effect on Friday, Aug. 1. Be…

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by Chris Spiker
News
Is Trump’s Golf Game Really On Par? New Videos Raise Allegations Of Cheating Is Trump’s Golf Game Really On Par? New Videos Raise Allegations Of Cheating
Is Trump’s Golf Game Really On Par? New Videos Raise Allegations Of Cheating President Donald Trump's trip to Scotland over the weekend took a dogleg turn after videos seemed to confirm something he's long been accused of: cheating at golf. That's what many are saying after watching clips taken from Trump's recent round at his beloved course Trump Turnberry. However, his supporters say people are making a beach out of a sand trap. The first and most widely viewed video appears to show one of Trump's caddies casually dropping a ball onto the short grass just as the president pulls up in a golf cart. California Gov. Gavin Newsom, who has sparred with Trump for years, …

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by Josh Lanier
Business
Inflation Ticks Up, Spending Slips As Trump's Tariffs Tighten Grip On Economy Inflation Ticks Up, Spending Slips As Trump's Tariffs Tighten Grip On Economy
Inflation Ticks Up, Spending Slips As Trump's Tariffs Tighten Grip On Economy Consumer spending cooled in May as inflation crept higher, signaling new pressure on Americans' wallets amid President Donald Trump's sweeping tariffs. The Federal Reserve's primary inflation reading, the personal consumption expenditures price index, rose 0.1% in May to an annual rate of 2.3%, according to Bureau of Economic Analysis data released on Friday, June 27. Those increases matched ones forecasted by Dow Jones economists, CNBC reported. Core inflation, which excludes food and energy, rose by 0.2% in May to 2.7%, slightly ahead of the 0.1% and 2.6% forecasts. Th…

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by Chris Spiker
Real Estate
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New home sales plunged in May while housing supply surged to a three-year high, as rising prices, growing inventory, and the impact of President Donald Trump's tariffs deepened the US housing slowdown. Sales of new single-family homes fell to a seasonally adjusted annual rate of 623,000 in May, the US Census Bureau and Department of Housing and Urban Development said on Wednesday, June 25. That's down 13.7% from April and 6.3% from May 2024. The total also fell far below Wall Street's expectations. The Dow Jones had forecasted 695,000 sales for May, CNBC reported. The actual figur…

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by Chris Spiker
Business
US, UK Unveil New Agreement In Trump's First Post-Tariff Trade Deal: Here's What's In It US, UK Unveil New Agreement In Trump's First Post-Tariff Trade Deal: Here's What's In It
US, UK Unveil New Agreement In Trump's First Post-Tariff Trade Deal: Here's What's In It The United States and the United Kingdom have announced a trade agreement, the first deal since President Donald Trump announced sweeping tariffs that have shaken the US economy. Trump unveiled the outline of the new trade deal in the Oval Office on Thursday, May 8. The agreement keeps the original 10% baseline tariff that Trump imposed on the UK during his "liberation day" announcement nearly a month ago. A chart posted by Trump on his social media platform Truth Social claimed that the US-UK deal will bring in $6 billion in tariff revenue and $5 billion in new market access. "Today'…

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by Chris Spiker
News
Heathrow Airport Flights Resuming After London Power Station Fire (UPDATE) Heathrow Airport Flights Resuming After London Power Station Fire (UPDATE)
Heathrow Airport Flights Resuming After London Power Station Fire (Update) Flights resumed at Heathrow Airport in London after a massive fire at a nearby substation shut down power to two terminals. Heathrow announced the restart of flights in a Facebook update on Friday, Mar. 21. The airport was closed after the fire knocked out power, forcing more than 1,350 flights worldwide to be canceled or rerouted. The airport urged travelers not to head to Heathrow unless advised by their airline. "Our teams have worked tirelessly since the incident to ensure a speedy recovery," Heathrow posted. "We're now safely able to restart flights, prioritising repatriation and…

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by Chris Spiker