Fed Cuts Interest Rates, Expects Slower Pace Ahead

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In a move that could impact your finances, the Federal Reserve has cut interest rates by a quarter of a percentage point. This brings the total rate cuts to a full percentage point since September. The Fed also signaled a slower pace of cuts ahead, with just two more cuts expected in 2025. The decision comes amid uncertainty about potential policy changes after Donald Trump's second term begins, with some of his proposals potentially inflationary. The dollar rose on the news, but stock markets faltered. Here's what it means for you.

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Man Arrested with Weapons at US Capitol During Trump Visit and Carter Tribute

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A man was arrested for bringing a machete and knives into the US Capitol visitor center just as members of the public were streaming in to pay their respects to Jimmy Carter, and as Donald Trump was arriving for a meeting with Senate Republicans. The man was arrested on charges of carrying a dangerous weapon, and law enforcement had already increased security around the Capitol before Monday due to the electoral vote count.

France and Germany Warn Trump Over Threats to EU Borders After Greenland Comments

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France and Germany have criticized US President-elect Donald Trump's threats to take control of Greenland by force. Germany's government spokesperson said that borders must not be changed by force, while France's foreign minister demanded that Trump should not threaten the European Union's sovereign borders. Trump has suggested that he could seize Greenland by force, citing national security interests. The vast Arctic island is an autonomous territory of EU and NATO member Denmark. Denmark has said Greenland is not for sale.

Trump to Be Sentenced Virtually in New York Hush Money Case

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Donald Trump is scheduled to be sentenced in New York on Friday for 34 felony counts of falsification of business records related to a hush money payment made in 2016. Trump's lawyers have been working to postpone the proceedings, but prosecutors say he has elected to appear virtually. This accommodation is rare in New York criminal courts and is typically used for those who are hospitalized.

Trump's 2024 Victory Certified Amid Tight Security

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Donald Trump's victory in the 2024 presidential election has been certified by Congress, led by Vice President Kamala Harris. Trump plans to pardon some of the 1,500 people charged with taking part in the Capitol assault in 2021. The certification comes after Trump described the event as a 'big moment in history' on his Truth Social platform.

Manmohan Singh: The Economist Who Transformed India

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Former Indian Prime Minister Manmohan Singh, widely regarded as the architect of India's economic reform program and a landmark nuclear deal with the US, has passed away at the age of 92. Born in present-day Pakistan, Singh spent more than four decades in public service, starting as an economics lecturer and later becoming the governor of India's central bank. In 1991, he became finance minister and presented a landmark speech in parliament, shifting the Indian economy from socialism and protectionism to market-based liberalization. Singh's premiership from 2004 to 2014 was clouded by corruption allegations and financial scandals, but his legacy as a transformative economist remains.

Matt Gaetz: A Fall from Grace?

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Former Rep. Matt Gaetz, a Florida Republican, has been accused of paying multiple women for sex, including a minor. The House Ethics Committee released a report detailing substantial evidence of these allegations. Gaetz has denied any wrongdoing. The report also found that Gaetz violated House rules by using his position for special favors and obstructing the committee's investigation. Gaetz resigned from the US House of Representatives in November 2022, after being picked by former President Donald Trump for US attorney general. The Ethics Committee's report has not been released since 2006, breaking from its long-standing practice and opening itself up to criticism. The report's release has been seen as an attempt to weaponize the committee's process.

UK Economy Stalls Amidst Tax Rises and Inflation

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UK Economy Stalls Amidst Tax Rises and Inflation

The UK economy stagnated in the third quarter of 2024, with zero growth, according to revised figures from the Office for National Statistics. The Bank of England recently reported that the economy performed worse than expected in the last quarter of 2024, with no growth at all between October and December. Inflation is also rising at its fastest pace since March, adding to the economic woes. Businesses are expecting to cut jobs and raise prices as a result of tax rises, according to a CBI survey. The government's measures, including a rise in employer national insurance and higher minimum wage, could push firms to raise prices and reduce new jobs.

Trump Demands Panama Lower Canal Fees or Return It to US

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Donald Trump has demanded that Panama lowers the fees for using the Panama Canal or return it to the US. The President-elect accused Panama of charging 'exorbitant prices' to American shipping and naval vessels. He warned that the canal should not fall into the 'wrong hands', specifically warning against Chinese management. Trump's comments have been met with a quick rebuke from Panama's president, who stated that Panama's sovereignty and independence are non-negotiable.

Keith Kellogg, Trump's New Envoy, to Visit Ukraine: What to Expect

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Keith Kellogg**, Donald Trump's appointed special representative for Ukraine and Russia, is set to visit Ukraine, as confirmed by Ukrainian Foreign Ministry spokesperson Heorhii Tykhyi. The purpose of the visit is to provide Kellogg with 'critical information from the Ukrainian side' for the development of a vision for achieving peace. This comes after Kellogg criticized the assassination of Russian Lieutenant General Igor Kirillov in Moscow, expressing concerns about potential violations of the rules of warfare.

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Jeff Bezos Dines with President-Elect Trump Amidst $1 Million Inauguration Fund Donation

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Guess who's having dinner with President-elect Donald Trump? Amazon founder Jeff Bezos and his fiancee Lauren Sanchez! This comes after Amazon pledged to donate a whopping $1 million to Trump's inauguration fund. Will they be discussing Amazon's future or the latest tech trends? We'll have to wait and see!

Elon Musk Takes A Stand Against Government Bloat

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Elon Musk,** a close ally of President-elect Donald Trump, is against Speaker Mike Johnson's proposed government funding bill**. Musk argues the 1,547-page document is full of 'pork' and should not pass**. Johnson is in a tough spot with a slim majority and Democratic control of the Senate and White House**. But, he is urging Congress to pass this funding bill 'so we don’t have a shutdown'. Musk mocked the size of the bill, posting a picture of it on X. The bill includes $100 billion for recovery efforts from Hurricanes Helene and Milton and another $10 billion for economic assistance for farmers

Nigel Farage and Elon Musk Meet: $100M Donation Rumors Swirl

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Nigel Farage,** the leader of Reform UK, and Elon Musk, the world's richest man, recently held a meeting in Florida, sparking rumors of a $100M donation to Reform UK. The pair met at Donald Trump's Mar-a-Lago resort along with Nick Candy, Reform's new treasurer and a former Tory donor. Musk, a longtime critic of UK Prime Minister Sir Keir Starmer, has shown interest in Reform's growth and has become friendly with Farage through their links to Trump's team. While no official announcement has been made, the possibility of such a substantial donation has the political world buzzing.**What could this mean for Reform UK's future?

Michael Waltz Backs Orbán's Ukraine 'Cessation of Hostilities' Plan

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Rep. Michael Waltz, the incoming national security adviser for Donald Trump, has praised Hungarian Prime Minister Viktor Orbán's proposal for a "Christmas truce" in Ukraine. Waltz expressed hope that the whole world would welcome "some form of cessation" of hostilities in the war-torn country, according to a report by European Pravda. Trump's team is said to be working on a plan to halt the fighting in Ukraine, discussing it with the current US administration and Ukrainian representatives. However, Waltz declined to provide any details about the incoming administration's future policies on Ukraine.

ABC News and George Stephanopoulos Apologize, Pay Trump $16 Million in Defamation Settlement

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Donald Trump Has Won $16 Million in a Defamation Settlement Against ABC News and George Stephanopoulos
ABC News and top anchor George Stephanopoulos have agreed to pay Donald Trump $16 million in a defamation settlement.*
The settlement comes after Trump sued the network and Stephanopoulos for falsely claiming that he was 'found liable for rape' during a contentious interview with Rep. Nancy Mace.*
As part of the agreement, Stephanopoulos and ABC will issue statements of 'regret' for their comments and pay $15 million to a 'Presidential foundation and museum' in Trump's name, as well as $1 million in Trump's attorney fees.*
The settlement marks another legal victory for Trump, who is also suing CBS News for $10 billion in damages.*

Pete Hegseth Confident in Securing Defense Secretary Role

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Pete Hegseth**, President-elect Donald Trump's pick for defense secretary, is back on Capitol Hill to meet with more senators and bolster support for his confirmation. Hegseth, confident in his chances, continues to court senators for the top defense post. Trump's other administration choices are also making their rounds on the hill.

Ready to Maximize Your Savings in 2024? Here's What to Avoid and Consider!

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With CD maturity dates in 2024 on the calendar for many savers, it's essential to know which steps to take to continue earning big returns. Avoid letting your CD automatically roll over to a lower rate, assuming you'll be able to lock in the same rate again, and opening a short-term CD to replace a maturing one. Instead, consider opening a long-term CD this December, as rates are still competitive, it'll prevent frivolous spending, and the window of opportunity is closing. Don't miss out on the chance to earn hundreds or even thousands of dollars in interest!

Secret Service Boss to Face Music Over Trump Shooting

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Here's the Skinny:** The Secret Service is under the microscope over its handling of the Trump assassination attempts. The Big Boss, Ronald Rowe, is testifying today before a House panel investigating the security failures during the attacks. The panel, set up earlier this year, is looking into the July 13 shooting in Pennsylvania and the foiled Florida attempt in September. Rowe will be grilled on the Secret Service's communication and planning shortcomings that allowed the gunman to evade law enforcement. Trump was grazed by a bullet in the Pennsylvania attack. The panel's final report is due out soon, and Rowe's testimony is a key part of the investigation.

Hannity Celebrates Trump's Diplomacy and Slams Biden's Pardon for Son

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Sean Hannity Celebrates Trump's Diplomacy:** The Fox News host praises the new US diplomacy under President-elect Donald Trump as America regains global leverage. Mexico and Canada quickly respond to Trump's trade policies.

Hannity Slams Biden's Pardon: Hannity criticizes President Biden's unconditional pardon for his son Hunter, calling the Biden family 'clearly above the law'. Biden's hypocrisy exposed as he breaks his commitment to justice and the rule of law.

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Trump's Joke About Making Canada a State

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During a dinner with Canadian Prime Minister Justin Trudeau, President-elect Donald Trump jokingly suggested that Canada become the 51st state. The conversation also touched on trade deficit and border concerns. Trump downplayed the potential threat of Canada becoming a deep-blue state with a larger Electoral College representation. The dinner was described as a light-hearted social evening and the relations between the two leaders were warm and cordial.

UK House Prices Surprisingly Soaring!

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UK house prices have defied expectations and are growing at their fastest annual rate in nearly two years. The average property now costs £268,144, close to the record high of £273,751 reached in August 2022. This surge is attributed to economic conditions, including low unemployment and above-inflation wage rises. However, a mortgage is far more expensive now due to rising interest rates. The Bank of England warns that around half of UK's mortgage holders face higher rates over the next three years.