EXPANDING THE U.S. INDUSTRIAL BASE AND SECURING OUR SUPPLY CHAINS: Today in Tokyo, President Donald J. Trump announced major projects advancing Japan’s previous $550 billion investment commitment to the United States to further revitalize the U.S. industrial base, signed a landmark critical minerals agreement with Japan, secured historic purchases of U.S.
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What’s an annuity, really?
An annuity is a deal with an insurer or financial institution: you pay them (once or over time), and they pay you back a fixed stream of income at regular intervals—monthly, quarterly, half-yearly, or yearly.
» Read more about: Annuity plans, decoded: a simple way to lock in retirement income »
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Famed investor Warren Buffett recently got out from the sidelines and poured more than $1 billion into three stocks. It’s one of the last moves he will make before retiring from Berkshire Hathaway (NYSE:BRK,
Private payroll processor ADP said Tuesday that the US labor market showed signs of bouncing back in October, with the average weekly increase in employment tallying 14,250 over a four-week period ended Oct. 11.
“This growth in employment suggests that the U.S. economy is emerging from its recent trough of job losses,”
» Read more about: US job market shows signs of 'tepid recovery' in October, ADP says »
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Maria Bartiromo gives ‘Mornings with Maria’ viewers an inside look at the Permian Basin, where oil and natural gas producers are fueling America’s energy independence and driving a new boom in U.S. innovation, jobs and national strength.
Whether it’s the gas in your car,
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WASHINGTON — Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.
On an Air Force One flight to Asia with President Donald Trump, Bessent said he would engage in a second round of interviews in the coming weeks and present a “good slate” of candidates to Trump “right after Thanksgiving.” Trump said he expected to decide on Powell’s replacement by the end of this year.
» Read more about: Trump administration narrows list of potential Federal Reserve chairs to 5 »
By MARGERY A. BECK and GEOFF MULVIHILL, Associated Press
Food banks and pantries were already struggling after federal program cuts this year, but now they’re bracing for a tsunami of hungry people if a pause in federal food aid to low-income people kicks in this weekend as the federal government shutdown persists.
By CHRISTOPHER RUGABER, Associated Press Economics Writer
WASHINGTON (AP) — The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring.
A cut Wednesday would be the second this year and could benefit consumers by bringing down borrowing costs for mortgages and auto loans.
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» Read more about: The waning influence of the Federal Reserve »