Trump’s Tariffs Are Raising Costs for One of His Favorite Industries: Oil

The cost of steel pipe used to line oil and gas wells rose after President Trump said he would impose tariffs on steel and aluminum imports. United States Politics and Government, Protectionism (Trade), Prices (Fares, Fees and Rates), Oil (Petroleum) and Gasoline, International Trade and World Market, Natural Gas, Customs (Tariff), Steel and Iron, Presidential Election…

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CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers

The move, on a suit that had accused the bank of tricking customers, was one of several dismissals ordered by Trump officials who are dismantling the agency. Consumer Financial Protection Bureau, Capital One Financial Corporation, Suits and Litigation (Civil), United States Politics and Government, Banking and Financial Institutions, Customer Relations, Frauds and Swindling, Vanderbilt Mortgage and…

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A Union Takes on Musk via Tesla’s Stock

The American Federation of Teachers is pressuring some of the carmaker’s biggest shareholders as the tech mogul’s cost-cutting influence in Washington sets off alarm bells. internal-storyline-no, Organized Labor, Electric and Hybrid Vehicles, Trump, Donald J, Musk, Elon, Fink, Laurence D, Weingarten, Randi, American Federation of Teachers, Tesla Motors Inc The American Federation of Teachers is pressuring some…

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GOP Gambles on Budget Plan That Helps the Rich and Cuts Aid to the Poor

The House Republican budget plan would pair tax cuts that primarily benefit the rich with cuts to programs that help the poor. United States Politics and Government, Poverty, Federal Budget (US), Medicaid, United States Economy, Income Tax, Tax Cuts and Jobs Act (2017), Taxation The House Republican budget plan would pair tax cuts that primarily benefit the…

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Trump’s New Crackdown on China Is Just Beginning

The administration is positioning itself to clamp down on Chinese investment and access to technology. But the wild card may be the president himself. United States International Relations, Protectionism (Trade), Foreign Investments, International Trade and World Market, Executive Orders and Memorandums, United States Economy, Customs (Tariff), China, United States, Trump, Donald J, Xi Jinping The administration is…

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Valuations still hot as 60% NSE500 stocks trade above 5-year PE levels. What should investor strategy be?

Despite a five-month market downturn, 60% of NSE500 stocks are still trading above their 5-year PE levels, suggesting overvaluation. Analysts advise focusing on quality stocks in banking, financial services, FMCG, and metals for long-term gains, with balanced portfolio allocation. Despite a five-month market downturn, 60% of NSE500 stocks are still trading above their 5-year PE levels,…

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BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels. Oil (Petroleum) and Gasoline, Alternative and Renewable Energy, Offshore Drilling and Exploration, Natural Gas, BP Plc, Auchincloss, Murray The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels. NYT > Business

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F.D.A. Reinstates Fired Medical Device, Food and Legal Staffers

The agency changed course just days after firing employees who oversee the safety of food and life-sustaining medical devices. Dozens of workers said they and others were back at work Monday. Regulation and Deregulation of Industry, Layoffs and Job Reductions, United States Politics and Government, Food Contamination and Poisoning, Medical Devices, Food and Drug Administration, Health…

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Trump Takes Aim at Chinese Shipping Amid Widening Trade War

A new proposal would impose steep levies on Chinese-made ships arriving at U.S. ports, threatening to increase costs for imports. Protectionism (Trade), United States International Relations, Ports, Freight (Cargo), Trump, Donald J, China, United States, Prices (Fares, Fees and Rates) A new proposal would impose steep levies on Chinese-made ships arriving at U.S. ports, threatening to increase…

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