Love or Hate Him -- You Have To See What Elon Could Do Next

It's not electric vehicles, green energy or space travel that Elon Musk will be remembered for.

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Germany's government slashes its economic growth forecast for this year to 0.3%

BERLIN (AP) — The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% for two consecutive years.

Federal Reserve expected to stand pat on rates even as Trump demands cuts

WASHINGTON (AP) — The Federal Reserve is nearly certain to keep its unchanged at its policy meeting this week, just a few days after President Donald Trump lower rates.

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Syria's economic pains far from over despite Assad's ouster

DAMASCUS, Syria (AP) — Samir al-Baghdad grabbed his pickax and walked up a wobbly set of stairs made of cinderblocks and rubble.

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

WASHINGTON (AP) — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump’s promises to slash U.S. taxes, impose tariffs on foreign goods, ease regulations on businesses and deport millions of immigrants working illegally in the United States.

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Rising borrowing costs batter UK government and threaten to derail its left-leaning program

LONDON (AP) — Britain’s new government, which is already facing anger over higher taxes, unpopular spending decisions and political scandals just six months after taking office, is now being battered by rising borrowing costs that threaten to derail its left-leaning program.

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Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

WASHINGTON (AP) — Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of and the threat of widespread tariffs and other potential policy changes.

US dockworkers threaten to strike against automation, creating economic uncertainty

WASHINGTON (AP) — Vowing to stop machines from taking their jobs, 45,000 U.S. longshoremen are threatening to go on a strike that would shut down ports on the East and Gulf coasts and could damage the American economy just as President-elect Donald Trump returns to the White House.

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British economy flatlines in 3rd quarter in another blow to new Labour government

LONDON (AP) — flatlined in the third quarter of the year, according to downwardly revised official figures Monday, in another blow to the new Labour government that has made growth its number one mission.

Stock market today: Asian shares are mixed ahead of key US inflation data

HONG KONG (AP) — Asian shares were mixed Friday as markets awaited U.S. personal spending data for November that are due later in the day.

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Brazil's currency drops to weakest level yet as Lula's fiscal measures debated

SAO PAULO (AP) — real on Wednesday fell to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors' frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending.

China's economy logs a lackluster performance in November as retail sales slow

BANGKOK (AP) — China’s economy logged a mixed performance in November, the monthly government update said Monday, with retail sales slowing as consumers held back on spending on non-essentials like cosmetics, alcohol and clothing.

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China ends planning meeting with vows to stabilize its economy, but gives no details on stimulus

BANGKOK (AP) — Chinese leaders wrapped up a two-day planning meeting in Beijing on Thursday with pledges to take a more proactive approach in pepping up the world's second-largest economy, but gave no details on new stimulus measures.

Bank of Canada cuts interest rate by half a percentage point, highlights risk of Trump's tariffs

TORONTO (AP) — Canada’s central bank lowered its key interest rate by half a percentage point on Wednesday and called President-elect Donald Trump's threat to impose sweeping new tariffs on Canada “a major source of new uncertainty.”

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Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy

BANGKOK (AP) — China’s top leaders have pledged to loosen monetary policy and provide more support for the slowing economy, while Premier Li Qiang swiped at threats of , saying they hinder global growth.

China fine-tunes economic stimulus as it braces for new US administration

BANGKOK (AP) — China is fine-tuning policies to rev up its economy as it braces for uncertain relations with the United States under President-elect giving manufacturers a 20% made-in-China price advantage in sales to the Chinese government.

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Powell: Fed's independence from politics is vital to its interest rate decisions

WASHINGTON (AP) — Chair Jerome Powell said Wednesday that the Federal Reserve's ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or a specific outcome.

Avocados, tequila and other iconic Mexican products are jeopardized by Trump's tariff threats

URUAPAN, Mexico (AP) — Mexicans are worried that could affect a wide range of iconic Mexican products and threaten entire regional economies.

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US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate

WASHINGTON (AP) — The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth.

US consumer confidence ticks higher on better outlook for hiring

WASHINGTON (AP) — Americans’ outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring.

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U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission

FRANKFURT, Germany (AP) — Europe's economy has left stagnation behind but is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the European Union's executive commission said Friday.

Japan's economy grows for a second straight quarter on the back of consumer spending

TOKYO (AP) — Japan’s economy eked out an annual rate of 0.9% growth in the July-September period as consumer spending held up, government data showed Friday.

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Frustrated Americans await the economic changes they voted for with Trump

WASHINGTON (AP) — Fed up with high prices and unimpressed with an economy that by just about any measure is a , Americans demanded change when they voted for president.

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Stock Market Today: Asian shares retreat after Trump's victory as focus turns to the Fed

Shares retreated in Asia early Thursday after U.S. stocks stormed to records as investors wagered on what to the White House will mean for the economy and the world.

Federal Reserve is set to cut rates again while facing a hazy post-election outlook

WASHINGTON (AP) — No one knows how Tuesday's presidential election will turn out, but the Federal Reserve's move two days later is much easier to predict: With inflation , the Fed is set to cut interest rates for a this year.

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