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Treasury Secretary Scott Bessent said President Donald Trump’s proposal to send $2,000 “dividend” payments from tariffs to US citizens would require congressional approval.

“We will see,” Bessent said Sunday on Fox News. “We need legislation for that.”


Trump, who has touted the billions raised in US tariff revenue this year, has talked about the checks as public frustration mounts over the cost of living. Speaking to reporters on Air Force One on Friday, Trump said the checks would go out sometime next year to “everybody but the rich.”

finance.yahoo.com/news/bessent-says-trump-2-000-16…

6 days ago | [YT] | 540

Yahoo Finance

SoftBank has sold its entire Nvidia stake for $5,800,000,000. 👀

finance.yahoo.com/news/softbank-unloads-nvidia-sta…

1 week ago | [YT] | 1,195

Yahoo Finance

Warren Buffett has sent his final annual letter to Berkshire Hathaway shareholders. 😮

finance.yahoo.com/news/warren-buffett-will-no-long…

1 week ago | [YT] | 1,804

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President Trump has stated that air traffic controllers who don't return to work may have their pay "docked".

finance.yahoo.com/news/live/government-shutdown-la…

1 week ago | [YT] | 253

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Tesla shareholders approved Elon Musk's potentially trillion-dollar pay package.

Now comes the hard part: unlocking the full payout. 🔓

finance.yahoo.com/news/heres-what-elon-musk-needs-…

1 week ago | [YT] | 499

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Michael Burry - one of the first investors to predict the 2008 financial crisis - has broken his silence. 👀

3 weeks ago | [YT] | 612

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The Federal Reserve cut interest rates by a quarter percentage point for the second meeting in a row, even as the government shutdown has left policymakers without key data to guide monetary policy.

The central bank voted in a split decision to cut its benchmark interest rate to a range of 3.75% to 4.00%. President Trump’s newest appointed governor, Stephen Miran, disagreed with the decision, preferring to cut rates by half a percentage point, while Kansas City Fed president Jeff Schmid also dissented, preferring to hold rates steady.

Miran said ahead of the Fed’s meeting that he was concerned renewed trade tensions with China, which have since settled, posed risks to the economic outlook. He also said he’d like to cut rates to a neutral setting — a level designed to neither spur nor slow growth — faster than his colleagues because he doesn’t see tariffs leading to higher inflation and wants to avoid causing damage to the labor market.

Schmid has said inflation is still too high and the current level on interest rates is the “right place to be.” He’s cautioned that aggressively boosting demand could raise the risk of an outsized increase in prices, as firms gain pricing power and increase the passthrough of tariffs to consumers.

finance.yahoo.com/news/federal-reserve-cuts-intere…

3 weeks ago | [YT] | 674

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Apple became the latest company to reach the $4 trillion market cap mark, joining the likes of Nvidia and Microsoft before retreating back below the threshold.

Apple's shares received a further boost following Counterpoint Research's report that the new iPhone 17 lineup outsold the iPhone 16 over the first 10 days it was available in the US and China.

According to the report, iPhone sales jumped 14% year over year during the period, with consumers showing particular interest in both the base iPhone 17 and the iPhone 17 Pro models.

Apple's new iPhone Air is also slightly outselling the iPhone Plus, which it replaced this year.

finance.yahoo.com/news/apples-market-cap-touches-4…

3 weeks ago (edited) | [YT] | 702

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US stocks climbed to fresh records amid promising signs that a US-China trade deal will cap President Trump's long-awaited meeting with Chinese President Xi Jinping later this week.

The S&P 500 jumped more than 1.2% to close above 6,800 for the first time.

Wall Street is in an upbeat mood as it starts up a pivotal week featuring the Federal Reserve’s interest rate decision and a barrage of Big Tech earnings, as well as Thursday's high-stakes meeting between Trump and Xi.

The optimism follows a banner week that saw all three major indexes close at all-time highs on Friday. Stocks are eyeing further records after US and China officials signaled that weekend talks had paved the way for a breakthrough in the trade standoff.

finance.yahoo.com/news/live/stock-market-today-sp-…

3 weeks ago | [YT] | 362

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Amazon is planning to cut as many as 30,000 corporate jobs as the company works to pare expenses and compensate for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.

The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10% of the company’s roughly 350,000 corporate employees. This would represent the largest job cut at Amazon since around 27,000 jobs were eliminated starting in late 2022.

Amazon has been trimming smaller numbers of jobs over the past two years across multiple divisions, including devices, communications, podcasting and others.

The cuts beginning this week may impact a variety of divisions within Amazon, including human resources, known as People Experience and Technology, devices and services and operations, among others, the people said.

finance.yahoo.com/news/exclusive-amazon-targets-ma…

3 weeks ago | [YT] | 321