Finance News Update - Page 7

Stay informed with the latest finance news and economic updates. Fresh insights on markets, money trends, and financial events that matter to you.

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Newly released DOJ files link Commerce Secretary Howard Lutnick and former Prince Andrew to Jeffrey Epstein communications

The U.S. Department of Justice on Friday disclosed a new batch of correspondence connected to the late financier Jeffrey Epstein, revealing that current Commerce Secretary Howard Lutnick and the former Duke of York, Andrew Mountbatten-Windsor, held direct email exchanges with Epstein in the years following the financier’s 2008 state conviction on prostitution-related charges involving a […]

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Senate Clears Spending Package, Yet Partial U.S. Government Shutdown Begins at Midnight

The United States Senate approved a bundle of appropriations legislation Friday evening, moving most federal agencies a step closer to full-year funding but leaving the government to enter a partial shutdown when the current fiscal authority expires at 12:01 a.m. ET Saturday. The chamber voted 71-29 to advance five appropriations bills along with a two-week […]

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Industrial Materials Lag Raises Questions About Sustainability of Precious-Metal Rally

Record prices for gold and silver have dominated the opening weeks of 2026, yet a key segment of the equity market is flashing a warning signal that the precious-metal surge may be detached from underlying economic conditions. Precious metals soar to new highs Gold futures for February delivery (GCG26) and silver futures for March delivery […]

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Coast Guard Sends Icebreakers to New York Harbor as Deep Freeze Grips Nation

The U.S. Coast Guard has moved ice-breaking ships into New York City waters to keep critical shipping lanes open as an Arctic blast sweeps across much of the United States. The deployment was carried out on January 29, 2026, when forecasters were already tracking a potential blizzard in the Southeast and warning of a weekend nor’easter […]

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Apple Beats Estimates With 16% Revenue Jump Driven by Strong iPhone 17 Demand

Apple posted fiscal first-quarter results that topped Wall Street forecasts, propelled by a sharp rise in demand for the iPhone 17 line introduced in September. For the three months ended in December, the company reported revenue of $143.76 billion, up 16 percent from a year earlier, and earnings per diluted share of $2.84. Consensus figures […]

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Investors Reward Meta, Punish Microsoft as AI Spending Scrutinized

The latest round of quarterly results from the United States’ largest technology firms underscored a new market reality: heavy investment in artificial intelligence continues to be tolerated only when it directly translates into revenue expansion. On Thursday, January 29, Wall Street’s verdict was decisive. Microsoft Corp. lost roughly 10% of its market capitalization, an erosion of […]

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Trump Selects Former Fed Governor Kevin Warsh to Lead Central Bank Amid Political Pushback

President Donald Trump has chosen conservative economist and former Federal Reserve governor Kevin Warsh as his nominee for chair of the U.S. central bank, setting up what could become a contentious confirmation process in the Senate. Trump announced the selection early Friday on his social-media platform, praising Warsh’s credentials and predicting he would rank among […]

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Rising New-Car Prices Limit Access for Middle-Income Buyers as Wealthier Consumers Dominate Sales

The U.S. auto market is increasingly polarized, with affluent households accounting for a growing share of new-vehicle purchases while many middle- and lower-income consumers remain in the used-car segment. Industry data indicate that rising prices, higher borrowing costs, and elevated insurance premiums are reshaping who can afford a factory-fresh model, raising concerns about long-term demand. […]

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Wall Street Seesaws End With Minor Index Changes Despite Heavy Tech Losses

Major U.S. equity benchmarks finished close to unchanged on Thursday after a session marked by abrupt shifts in direction, steep individual stock moves and a mid-day retreat from record levels. Early gains for the S&P 500 faded as the index swung between a 0.1% rise in the morning and a 1.5% slide in the afternoon before […]

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Twelve-Year-Old Handler Poised to Challenge for Best in Show With Her Dog

A 12-year-old dog handler is scheduled to enter the ring at an upcoming canine competition, where she and her dog will contend for the coveted Best in Show title. The appearance will place the youngster among the rare group of pre-teen exhibitors who have advanced far enough to compete against veteran adult handlers for the […]

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Exxon Mobil Beats Fourth-Quarter Profit Estimates as Crude Prices Slide

Exxon Mobil reported stronger-than-expected earnings for the fourth quarter of 2025, demonstrating resilient profitability even as global crude benchmarks finished the year with their steepest annual decline since 2020. The company’s results were released before the opening bell on Friday and sent shares down roughly 2% in pre-market trading. Key financial results The Irving, Texas-based […]

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ADNOC and TAQA Sign 27-Year Utilities Pact to Power Ruwais Chemicals Complex

Abu Dhabi – Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have concluded a 27-year Utilities Purchase Agreement that will secure essential energy and water services for the planned TAZIZ Industrial Chemicals Zone in Ruwais Industrial City. Long-Term Framework Covers Construction and Operations The agreement spans the entire construction […]