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Convert the following left-biased article to unbiased center format.
A federal judge in Texas is likely to rule soon in a case that could halt distribution of a key abortion drug — a decision that would have sweeping implications for abortion access across the country, including in Democratic-led states where abortion rights are protected.The lawsuit, filed by several antiabortion group...
In stories about medication abortions, we often give mifepristone a starring role. We call the dashing biochemist who developed it “the father of the abortion pill,” noting his youth spent in the French Resistance and his glamorous, Vanity-Fair-worthy flings. We see it in the headlines pretty frequently, dragging its t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: A federal judge in Texas is likely to rule soon in a case that could halt distribution of a key abortion drug — a de...
Convert the following right-biased article to unbiased center format.
Supporters and opponents of chemical-abortion pills are bracing for a ruling in the coming days or weeks that could radically alter how abortions are performed in the United States, stemming from a lawsuit that claims that the Food and Drug Administration never had the authority to approve the use of the pills when it ...
In stories about medication abortions, we often give mifepristone a starring role. We call the dashing biochemist who developed it “the father of the abortion pill,” noting his youth spent in the French Resistance and his glamorous, Vanity-Fair-worthy flings. We see it in the headlines pretty frequently, dragging its t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: Supporters and opponents of chemical-abortion pills are bracing for a ruling in the coming days or weeks that could...
Convert the following left-biased article to unbiased center format.
The man accused of raping a 10-year-old girl who traveled to Indiana for an abortion was indicted by a grand jury in Ohio Thursday, in a case that became a flashpoint in the debate about the Supreme Court's decision to overturn Roe v. Wade.Gerson Fuentes, 27, was charged with two felony counts of rape in the indictment...
A Franklin County grand jury on Thursday indicted on two counts of rape the man accused of impregnating a 10-year-old Columbus girl who traveled across state lines to seek an abortion.The arrest and now the indictment of 27-year-old Gerson Fuentes further confirmed the existence of the 10-year-old rape victim who was f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: The man accused of raping a 10-year-old girl who traveled to Indiana for an abortion was indicted by a grand jury in...
Convert the following right-biased article to unbiased center format.
A grand jury indicted Gerson Fuentes, who recently confessed to raping and impregnating a 10-year-old girl, Thursday.Authorities charged the 27-year-old illegal immigrant on two counts of rape, the Columbus Dispatch reported. The indictment said the victim was 9 years old at the time of the rape.Reports of a 10-year-ol...
A Franklin County grand jury on Thursday indicted on two counts of rape the man accused of impregnating a 10-year-old Columbus girl who traveled across state lines to seek an abortion.The arrest and now the indictment of 27-year-old Gerson Fuentes further confirmed the existence of the 10-year-old rape victim who was f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: A grand jury indicted Gerson Fuentes, who recently confessed to raping and impregnating a 10-year-old girl, Thursda...
Convert the following left-biased article to unbiased center format.
A federal appeals court preserved access to the abortion pill mifepristone for now but reduced the period of pregnancy when the drug can be used and said it could not be dispensed by mail.The ruling late Wednesday temporarily narrowed a decision by a lower court judge in Texas that had completely blocked the Food and D...
The abortion pill mifepristone will remain available in the United States for now but with significant restrictions, including a requirement for in-person doctor visits to obtain the drug, a federal appeals court ruled late on Wednesday.The New Orleans-based 5th U.S. Circuit Court of Appeals put on hold part of last Fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: A federal appeals court preserved access to the abortion pill mifepristone for now but reduced the period of pregnan...
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A federal appeals court in New Orleans has partially overturned a lower court’s decision blocking access to a popular abortion drug. The new decision keeps the drug, mifepristone, available for purchase to consumers with some restrictions.The 5th U.S. Circuit Court of Appeals in New Orleans ruled 2-1 Wednesday, just be...
The abortion pill mifepristone will remain available in the United States for now but with significant restrictions, including a requirement for in-person doctor visits to obtain the drug, a federal appeals court ruled late on Wednesday.The New Orleans-based 5th U.S. Circuit Court of Appeals put on hold part of last Fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: A federal appeals court in New Orleans has partially overturned a lower court’s decision blocking access to a popul...
Convert the following left-biased article to unbiased center format.
A Kentucky state court on Thursday halted enforcement of two Kentucky laws passed in 2019 that had stopped abortion services in the state last Friday, after the Supreme Court's ruling overturning Roe v. Wade.The two measures are Kentucky's so-called trigger law and a "heartbeat" law restricting abortions at around six ...
Texas abortion clinics can temporarily resume abortions up to six weeks of pregnancy, following a ruling from a state court blocking the enforcement of pre-Roe laws banning abortion.The court granted a temporary restraining order Tuesday in response to a lawsuit filed June 27 by the Center for Reproductive Rights and o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: A Kentucky state court on Thursday halted enforcement of two Kentucky laws passed in 2019 that had stopped abortion ...
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Florida Gov. Ron DeSantis on Thursday announced his intention to appeal a court ruling that would block abortions after 15 weeks. The Florida legislature passed the law, known has House Bill 5, and DeSantis signed it in April. The law bans most abortions after the 15th week of pregnancy unless the health of the mother ...
Texas abortion clinics can temporarily resume abortions up to six weeks of pregnancy, following a ruling from a state court blocking the enforcement of pre-Roe laws banning abortion.The court granted a temporary restraining order Tuesday in response to a lawsuit filed June 27 by the Center for Reproductive Rights and o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: Florida Gov. Ron DeSantis on Thursday announced his intention to appeal a court ruling that would block abortions a...
Convert the following left-biased article to unbiased center format.
President Joe Biden on Wednesday signed an executive order to help ensure access to abortion in light of the Supreme Court’s decision earlier this summer to eliminate the constitutional right to the procedure.The President said the order helps women travel out of state to receive abortions, ensures health care provider...
President Joe Biden said on Wednesday the Supreme Court and Republicans are clueless about the power of American women as he signed a second executive order aimed at protecting abortion rights.The order asks the federal health department to consider allowing Medicaid funds to be used to help facilitate out of state tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: President Joe Biden on Wednesday signed an executive order to help ensure access to abortion in light of the Supreme...
Convert the following right-biased article to unbiased center format.
President Biden signed an executive order Wednesday that will allow Medicaid funds to be used to facilitate travel for women seeking abortions in states where the procedure is still legal, likely violating the Hyde Amendment, which prohibits the federal financing of abortion.The order will assist the acquisition of “re...
President Joe Biden said on Wednesday the Supreme Court and Republicans are clueless about the power of American women as he signed a second executive order aimed at protecting abortion rights.The order asks the federal health department to consider allowing Medicaid funds to be used to help facilitate out of state tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: President Biden signed an executive order Wednesday that will allow Medicaid funds to be used to facilitate travel ...
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The Supreme Court has officially overturned Roe v. Wade, eliminating federal abortion protections that stood for almost 50 years. On Friday, June 24, the conservative majority released its opinion in Dobbs v. Jackson Women’s Health Organization, confirming the outcome a leak made clear in May when Politico published a ...
The Supreme Court has spoken: Abortion is no longer a constitutional right. This permits states to be the ultimate arbiter of abortion, creating a red and blue collage of abortion access across the nation. Putting aside for the moment the moral, ethical and religious debates surrounding abortion, what does the data say...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: The Supreme Court has officially overturned Roe v. Wade, eliminating federal abortion protections that stood for alm...
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At last. It has taken 49 years and five months, but the Supreme Court has finally reversed the monstrous injustice it worked in 1973. In Roe v. Wade, seven justices cast aside the laws of every state protecting unborn children from the violence of abortion, even though nothing in the text, original understanding, or hi...
The Supreme Court has spoken: Abortion is no longer a constitutional right. This permits states to be the ultimate arbiter of abortion, creating a red and blue collage of abortion access across the nation. Putting aside for the moment the moral, ethical and religious debates surrounding abortion, what does the data say...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: At last. It has taken 49 years and five months, but the Supreme Court has finally reversed the monstrous injustice ...
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California Governor Gavin Newsom announced Monday that his state will no longer do business with Walgreens because the pharmacy chain decided not to dispense abortion pills.Walgreens initially said in January that it would offer mifepristone, one of the medications used to induce an abortion. The Food and Drug Administ...
California would not do business with Walgreens Boots Alliance Inc (WBA.O), state Governor Gavin Newsom said in a tweet on Monday, days after the pharmacy chain said it will not dispense abortion pills in some Republican states.The state refuses to do business with Walgreens or "any company that cowers to the extremist...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: California Governor Gavin Newsom announced Monday that his state will no longer do business with Walgreens because t...
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Gov. Gavin Newsom (D-CA) said California will no longer do "business" with Walgreens, days after the pharmaceutical chain announced it does not intend to dispense a major abortion medication in some states where the pills remain legal.The Democratic governor, who has championed California as a sanctuary state for abort...
California would not do business with Walgreens Boots Alliance Inc (WBA.O), state Governor Gavin Newsom said in a tweet on Monday, days after the pharmacy chain said it will not dispense abortion pills in some Republican states.The state refuses to do business with Walgreens or "any company that cowers to the extremist...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: Gov. Gavin Newsom (D-CA) said California will no longer do "business" with Walgreens, days after the pharmaceutical...
Convert the following left-biased article to unbiased center format.
The Food and Drug Administration on Tuesday finalized a rule change that broadens availability of abortion pills to many more pharmacies, including large chains and mail-order companies.The Biden administration partially implemented the change last year, announcing it would no longer enforce a long-standing requirement...
A Food and Drug Administration (FDA) rule change will allow U.S. retail pharmacies to offer abortion pills directly to patients with a prescription, suspending a long-standing requirement that the pills be dispensed in person by doctors or clinics. GenBioPro and Danco Laboratories, which make the generic abortion pill ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: The Food and Drug Administration on Tuesday finalized a rule change that broadens availability of abortion pills to ...
Convert the following right-biased article to unbiased center format.
Walgreens and CVS, the two largest pharmacy chains in the U.S., plan to provide abortion pills in store following a recent FDA regulatory change that permitted retail pharmacies to dispense the medicine.Under the agency’s rule revision, pharmacies can apply to become certified to offer mifepristone, which can terminate...
A Food and Drug Administration (FDA) rule change will allow U.S. retail pharmacies to offer abortion pills directly to patients with a prescription, suspending a long-standing requirement that the pills be dispensed in person by doctors or clinics. GenBioPro and Danco Laboratories, which make the generic abortion pill ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: Walgreens and CVS, the two largest pharmacy chains in the U.S., plan to provide abortion pills in store following a...
Convert the following left-biased article to unbiased center format.
Voters in Ohio successfully thwarted a Republican attempt to make it harder to pass a November pro-choice ballot measure.On Tuesday, Ohioans voted to defeat Issue 1, a ballot initiative to raise the threshold for altering the state constitution from a simple statewide majority vote to 60%. Although a simple majority ha...
Ohio voters on Tuesday rejected Issue 1, a proposal that would have made it harder to amend the state’s constitution, according to a Decision Desk HQ projection.If Tuesday’s measure had passed, it would have created a tougher road ahead for those in favor of a separate ballot initiative that would enshrine abortion acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: Voters in Ohio successfully thwarted a Republican attempt to make it harder to pass a November pro-choice ballot mea...
Convert the following right-biased article to unbiased center format.
An Ohio ballot initiative to make it harder to amend the state constitution, a change conservatives said was needed to protect the state from a radical liberal agenda, has failed to pass in a lopsided vote.Voters overwhelmingly rejected State Issue 1 by a large margin on Tuesday, meaning the threshold for future ballot...
Ohio voters on Tuesday rejected Issue 1, a proposal that would have made it harder to amend the state’s constitution, according to a Decision Desk HQ projection.If Tuesday’s measure had passed, it would have created a tougher road ahead for those in favor of a separate ballot initiative that would enshrine abortion acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: An Ohio ballot initiative to make it harder to amend the state constitution, a change conservatives said was needed...
Convert the following left-biased article to unbiased center format.
After two days of intense criticism, Joseph R. Biden Jr. reversed himself Thursday night on one of the issues most important to Democratic voters, saying he no longer supports a measure that bans federal funding for most abortions.As recently as Wednesday, Mr. Biden’s campaign had said he supported the measure, known a...
Former US Vice-President Joe Biden has reversed his stance on abortion funding amid mounting criticism from his fellow 2020 Democratic rivals.At a Democratic gala on Thursday, Mr Biden denounced a law which restricts federal abortion funding, saying he believed all healthcare was a right.The party's current front-runne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: After two days of intense criticism, Joseph R. Biden Jr. reversed himself Thursday night on one of the issues most i...
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After two days of intense criticism, Democratic presidential candidate Joe Biden reversed course Thursday and declared that he no longer supports a long-standing congressional ban on using federal health care money to pay for abortions.Biden's reversal came after rivals and women's rights groups blasted him for affirmi...
Former US Vice-President Joe Biden has reversed his stance on abortion funding amid mounting criticism from his fellow 2020 Democratic rivals.At a Democratic gala on Thursday, Mr Biden denounced a law which restricts federal abortion funding, saying he believed all healthcare was a right.The party's current front-runne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: After two days of intense criticism, Democratic presidential candidate Joe Biden reversed course Thursday and decla...
Convert the following left-biased article to unbiased center format.
Dueling, back-to-back rulings by federal judges about access to the drug mifepristone, which is used in most abortions in the United States, have raised questions about the future of reproductive health care in the country.On Friday in Texas, U.S. District Judge Matthew Kacsmaryk ruled that the Food and Drug Administra...
Access to abortion medication in the U.S. is in limbo after two rival rulings—in Texas and Washington—risk escalating the legal battle around mifepristone, one of the two drugs used in medical abortion, to the country's Supreme Court.The abortion pill, the most common method to terminate a pregnancy currently used in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: Dueling, back-to-back rulings by federal judges about access to the drug mifepristone, which is used in most abortio...
Convert the following right-biased article to unbiased center format.
Future access to the most commonly used abortion method in the country was in limbo Friday following conflicting federal court rulings issued minutes apart over the legality of abortion pill mifepristone, which has been FDA-approved for more than two decades.District Judge Matthew Kacsmaryk, a Trump appointee from Texa...
Access to abortion medication in the U.S. is in limbo after two rival rulings—in Texas and Washington—risk escalating the legal battle around mifepristone, one of the two drugs used in medical abortion, to the country's Supreme Court.The abortion pill, the most common method to terminate a pregnancy currently used in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: Future access to the most commonly used abortion method in the country was in limbo Friday following conflicting fe...
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A grand jury that had been investigating Planned Parenthood for misconduct instead indicted its opponents on charges that included tampering with a governmental record.
A Texas grand jury looking into alleged misconduct by Planned Parenthood Federation of America cleared the group and instead indicted two antiabortion activists who made covert videos of the organization.
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: A grand jury that had been investigating Planned Parenthood for misconduct instead indicted its opponents on charges...
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A Houston grand jury investigating criminal allegations against Planned Parenthood stemming from a series of undercover videos on Monday instead indicted two of the anti-abortion activists who shot the footage.
A Texas grand jury looking into alleged misconduct by Planned Parenthood Federation of America cleared the group and instead indicted two antiabortion activists who made covert videos of the organization.
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: A Houston grand jury investigating criminal allegations against Planned Parenthood stemming from a series of underc...
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Hillary Clinton’s first speech since she won a majority of pledged delegates in the Democratic presidential race included remarks about how abortion relates to other issues. That’s groundbreaking for a presidential candidate.The term “reproductive justice” was promoted by the grassroots women of color collective Sister...
Donald Trump and Hillary Clinton plunged into general-election combat on Friday, and immediately showed voters the starkly different choices they represent in their views of abortion, women’s issues and the Supreme Court’s future.
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: Hillary Clinton’s first speech since she won a majority of pledged delegates in the Democratic presidential race inc...
Convert the following right-biased article to unbiased center format.
Donald Trump and Hillary Clinton, now at the starting line of a general election race, traded shots across the capital Friday in dueling addresses before two very different D.C. audiences -- each warning the other would take the country backward.Trump headlined the Faith and Freedom Coalition’s “Road to Majority” summi...
Donald Trump and Hillary Clinton plunged into general-election combat on Friday, and immediately showed voters the starkly different choices they represent in their views of abortion, women’s issues and the Supreme Court’s future.
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: Donald Trump and Hillary Clinton, now at the starting line of a general election race, traded shots across the capi...
Convert the following left-biased article to unbiased center format.
Global markets convulsed Monday, with U.S. stocks dipping 1.5 percent or more as the uncertainty caused by slowing growth, roaring inflation, war in Ukraine and the pandemic continue to spook investors.The Nasdaq continued to lead the losses as investors moved away from highflying tech stocks, shedding 3.8 percent in a...
Bitcoin extended sharp losses Monday, falling below $31,000 after touching a recent high of $40,000 last week.The price of bitcoin was last down 10.9% at $30,812.07, according to Coin Metrics. Earlier in the day, it fell as low as $30,675.44, its weakest point since last July when Bitcoin traded as low as $29,839.80 – ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: Global markets convulsed Monday, with U.S. stocks dipping 1.5 percent or more as the uncertainty caused by slowing g...
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The Dow fell by more than 400 points after the opening bell on Monday, extending Wall Street’s losing streak as investors took stock of rising yields on government bonds as well as economic slowdowns in China caused by the ongoing pandemic.The Dow Jones Industrial Average was down 420 points, or 1.28%, while S&P 500 wa...
Bitcoin extended sharp losses Monday, falling below $31,000 after touching a recent high of $40,000 last week.The price of bitcoin was last down 10.9% at $30,812.07, according to Coin Metrics. Earlier in the day, it fell as low as $30,675.44, its weakest point since last July when Bitcoin traded as low as $29,839.80 – ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: The Dow fell by more than 400 points after the opening bell on Monday, extending Wall Street’s losing streak as inv...
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The Securities and Exchange Committee filed a lengthy lawsuit against Coinbase on Tuesday, accusing the largest crypto exchange in the US of operating as an illegal, unregistered broker and exchange for its crypto exchange, Coinbase Prime, and its Coinbase Wallet. The legal action comes less than 24 hours after the SEC...
The U.S. Securities and Exchange Commission (SEC) sued U.S crypto exchange Coinbase (COIN) on allegations of violating federal securities law, a day after filing a similar suit against Binance.According to the SEC, Coinbase has operated as an unregistered broker, exchange and clearing agency simultaneously, arguing tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: The Securities and Exchange Committee filed a lengthy lawsuit against Coinbase on Tuesday, accusing the largest cryp...
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The Securities and Exchange Commission (SEC) is suing U.S. cryptocurrency exchange Coinbase Inc., accusing it of operating as an unregistered broker.In the complaint filed in Manhattan federal court, the SEC said that since at least 2019 Coinbase has pocketed billions of dollars by collecting transaction fees from inve...
The U.S. Securities and Exchange Commission (SEC) sued U.S crypto exchange Coinbase (COIN) on allegations of violating federal securities law, a day after filing a similar suit against Binance.According to the SEC, Coinbase has operated as an unregistered broker, exchange and clearing agency simultaneously, arguing tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: The Securities and Exchange Commission (SEC) is suing U.S. cryptocurrency exchange Coinbase Inc., accusing it of op...
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The federal debt is as old as the nation, and adding to it is sometimes prudent. For governments confronting existential crises like wars or pandemics, borrowing makes sense as a way to mobilize national resources, as the economist Barry Eichengreen wrote in the 2021 book “In Defense of Public Debt.” Government borrowi...
The U.S. national debt is sitting at nearly $33 trillion dollars.Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference.“Debt has many useful purposes,” said Kris Mitchener, professor of economics at the Leavey School of Busines...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: The federal debt is as old as the nation, and adding to it is sometimes prudent. For governments confronting existen...
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Washington is girding for a spending showdown, as Republicans and Democrats strategize on how to get more of what they want from a divided Congress. But whatever happens in the political drama, the budget reality not to forget is that the deficit for the fiscal year that ends this month is officially projected to be $1...
The U.S. national debt is sitting at nearly $33 trillion dollars.Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference.“Debt has many useful purposes,” said Kris Mitchener, professor of economics at the Leavey School of Busines...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: Washington is girding for a spending showdown, as Republicans and Democrats strategize on how to get more of what t...
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After a three-day rout that erased nearly $3 trillion in value from stocks globally, markets other than China’s on Tuesday showed signs that selling pressures were easing.
The Dow surged more than 300 points Tuesday, echoing a rally in Europe, as the global market rout eased despite another sharp drop in China.
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: After a three-day rout that erased nearly $3 trillion in value from stocks globally, markets other than China’s on T...
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What a difference a day makes. Wall Street surged at the opening bell after a massive selloff took billions of dollars in value out of the market in the prior session.
The Dow surged more than 300 points Tuesday, echoing a rally in Europe, as the global market rout eased despite another sharp drop in China.
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: What a difference a day makes. Wall Street surged at the opening bell after a massive selloff took billions of doll...
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This was the week of consumer angst. Inflation is pushing prices up, while the stock market started the week trending down.“The economy is going through some dramatic adjustments as it opens up following the unprecedented circumstances associated with the pandemic last year,” said Mark Hamrick, senior economic analyst ...
The stock market is generally expected to benefit from inflation, but a long-predicted surge in U.S. prices rattled investors in the past week. A closer look at the historical record might indicate the source of concern, according to one Wall Street analyst.For equities, there is “good” inflation and “bad” inflation, s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: This was the week of consumer angst. Inflation is pushing prices up, while the stock market started the week trendin...
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Although inflationary pressures keep building in the U.S. economy, economists believe the Federal Reserve officials are unlikely to tighten monetary policy before seeing significant improvement in labor market recovery.From gas to groceries, Americans have started to see price increases in recent weeks as the economy r...
The stock market is generally expected to benefit from inflation, but a long-predicted surge in U.S. prices rattled investors in the past week. A closer look at the historical record might indicate the source of concern, according to one Wall Street analyst.For equities, there is “good” inflation and “bad” inflation, s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: Although inflationary pressures keep building in the U.S. economy, economists believe the Federal Reserve officials...
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Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which its capital crisis set off fears of a meltdown across the banking industry.California regulators closed down the tech lender and put SVB in control of the US Federal Deposit Insurance Corporation. The FDIC is acting as a receiver, which typ...
Regulators shut down Silicon Valley Bank Friday after a run on deposits doomed the tech-focused lender’s plans to raise fresh capital.The Federal Deposit Insurance Corp. said it has taken control of SVB via a new bank it created called the Deposit Insurance National Bank of Santa Clara. All of the bank’s deposits have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which its capital crisis set off fears of ...
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Fears of a broad financial contagion spread on Friday after tech lender Silicon Valley Bank set off alarm bells over liquidity concerns — sparking share losses across the banking sector worth some $52 billion on Thursday.Peter Thiel’s venture capital firm Founders Firm advised clients to withdraw their deposits from Si...
Regulators shut down Silicon Valley Bank Friday after a run on deposits doomed the tech-focused lender’s plans to raise fresh capital.The Federal Deposit Insurance Corp. said it has taken control of SVB via a new bank it created called the Deposit Insurance National Bank of Santa Clara. All of the bank’s deposits have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: Fears of a broad financial contagion spread on Friday after tech lender Silicon Valley Bank set off alarm bells ove...
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Shares of Credit Suisse jumped Thursday after saying it would borrow up to $54 billion from Switzerland's central bank, an emergency step intended to prop up investor confidence in the troubled European bank.Credit Suisse shares had plunged on Wednesday, prompting stock markets to fall in the U.S. and around the world,...
Credit Suisse shares jumped after the bank said it would tap a more than $50 billion lifeline from the Swiss National Bank, but analysts remained wary about the lender’s prospects. Investor confidence in the Swiss bank deteriorated rapidly this week, after investors turned their attention to the struggling lender follo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: Shares of Credit Suisse jumped Thursday after saying it would borrow up to $54 billion from Switzerland's central ba...
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Credit Suisse shares soared on Thursday following its announcement that it would borrow over $50 billion from the Swiss National Bank.Shares soared up to 33%, a massive increase from Wednesday after shares declined 30% before settling at a 25% gain. The bank hit two all-time lows following the collapse of Silicon Valle...
Credit Suisse shares jumped after the bank said it would tap a more than $50 billion lifeline from the Swiss National Bank, but analysts remained wary about the lender’s prospects. Investor confidence in the Swiss bank deteriorated rapidly this week, after investors turned their attention to the struggling lender follo...
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Global markets entered a new day of carnage Monday amid a continuing worldwide sell-off, extending last week’s meltdown and stoking new fears over how far financial markets will drop.
The meltdown in financial markets intensified Monday, as global stocks and commodities extended last week’s steep declines and the Dow plunged nearly 600 points. The moves came after a sharp selloff in Chinese shares accelerated, wiping out gains for the year.
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Global economic-growth fears slammed Wall Street on Monday as U.S. equity markets plunged.As of 9:50 a.m., the Dow Jones Industrial Average plunged 611 points, or 3.72% to 15853. The S&P 500 declined 73 points, or 3.74% to 1897, while the Nasdaq tumbled 197 points, or 4.22% to 4503.
The meltdown in financial markets intensified Monday, as global stocks and commodities extended last week’s steep declines and the Dow plunged nearly 600 points. The moves came after a sharp selloff in Chinese shares accelerated, wiping out gains for the year.
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While Washington – and political Twitter – remain consumed by the battle of words between President Trump and Tennessee Senator Bob Corker, not to mention the latest attempts by the Republicans to move tax reform forward, an important Republican effort to weaken financial oversight and accountability is proceeding onwa...
Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using “forced arbitration” clauses.
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With Vice President Mike Pence casting the deciding vote, the Senate voted late Tuesday night to undo a rule issued by the Consumer Financial Protection Bureau that would bar financial firms from contracts that rule out class-action lawsuits related to their products. The measure now goes to President Trump's desk.
Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using “forced arbitration” clauses.
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Stocks staged another late-day reversal Wednesday, giving up their gains and adding to the week’s breathtaking volatility after the Federal Reserve signaled that interest hikes are indeed around the corner.After trading higher most of the day, the Dow Jones industrial average shed more than 600 points following the Fed...
Facing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it could soon raise interest rates for the first time in more than three years as part of a broader tightening of historically easy monetary policy.In a move that came as little surprise, the Fed’s policymaking grou...
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The Federal Reserve has signaled that the first interest rate hike in years is on the horizon as it moves to leave its pandemic crisis posture and limit inflation.The Federal Open Market Committee released its decision Wednesday after a two-day monetary policy meeting. The central bank said in a statement that "it will...
Facing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it could soon raise interest rates for the first time in more than three years as part of a broader tightening of historically easy monetary policy.In a move that came as little surprise, the Fed’s policymaking grou...
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Former Rep. Barney Frank and Sen. Elizabeth Warren — two key architects of the post-2008 system of Wall Street regulation — are at odds over what’s dragging down banks once again.Frank, who chaired the House Financial Services Committee in the wake of the global financial crisis and wrote sweeping new rules enacted in ...
The fallout from the shuttering of Silicon Valley Bank — the second-largest bank collapse in U.S. history — continued Monday, dragging down international banking stocks.European banking stocks were down 6.3% at 12:40 p.m. London time on Monday, after closing 4% lower on Friday, as U.S. financial regulators shut down SV...
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A growing chorus of Republicans is placing fault for Silicon Valley Bank's collapse on "woke" investments and policies at the company.The bank's downfall, which was in large part precipitated by the company's heavy investment in Treasury bonds that lost value as a result of the Federal Reserve's rate hikes, prompted th...
The fallout from the shuttering of Silicon Valley Bank — the second-largest bank collapse in U.S. history — continued Monday, dragging down international banking stocks.European banking stocks were down 6.3% at 12:40 p.m. London time on Monday, after closing 4% lower on Friday, as U.S. financial regulators shut down SV...
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The White House hit back at Republicans in an uncharacteristic manner Thursday by using its Twitter account to go after GOP lawmakers who are bashing President Joe Biden's move to cancel some student debt after they personally benefited from having Paycheck Protection Program loans forgiven during the Covid pandemic.In...
The White House is attacking multiple GOP lawmakers for hypocrisy after they complained about President Joe Biden's student loan forgiveness program despite having large loans of their own forgiven by the government.Biden announced a plan on Wednesday to forgive up to $20,000 in federal student loan debt to individual ...
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Republicans are pouncing on President Joe Biden’s student loan forgiveness program, launching an ad blitz intended to convince voters the plan is unfair to the working class.The American Action Network, a conservative organization, will air ads nationwide for the next 10 days featuring actors who portray everyday worke...
The White House is attacking multiple GOP lawmakers for hypocrisy after they complained about President Joe Biden's student loan forgiveness program despite having large loans of their own forgiven by the government.Biden announced a plan on Wednesday to forgive up to $20,000 in federal student loan debt to individual ...
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Facing a room full of United States senators — some of whom have suggested she is a communist — Saule Omarova, President Biden’s pick to lead the Office of the Comptroller of the Currency, introduced herself by declaring that she loves two things: American capitalism and community banks.Ms. Omarova, a Cornell Law Schoo...
Saule Omarova, President Joe Biden’s pick to be comptroller of the currency — head of one of the nation’s top bank regulators — is expected to face a tough round of questioning Thursday from senators concerned by her academic research, which explores fundamental changes to the financial industry.Republicans and at leas...
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President Biden’s Soviet-born choice to lead a key branch of the Treasury Department was grilled during a confirmation hearing Thursday, with one Republican member of the Senate Banking committee saying he had “never seen a more radical nominee to be a federal regulator.”Saule Omarova, nominated by Biden to be comptrol...
Saule Omarova, President Joe Biden’s pick to be comptroller of the currency — head of one of the nation’s top bank regulators — is expected to face a tough round of questioning Thursday from senators concerned by her academic research, which explores fundamental changes to the financial industry.Republicans and at leas...
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Monday’s Dow Jones drop of more than 1,000 points set investors worrying about the money they had put into the market, though experts do not expect Wall Street to turn sour soon.
Trading in U.S. stocks remained volatile Tuesday as the Dow Jones Industrial Average opened more than 500 points lower before turning positive on the day less than 15 minutes later.
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The Dow Jones industrial average opened another 500 points lower Tuesday morning, now down 10 percent from its all-time high reached on January 26. Stock markets around the world also took a beating today after Monday's dramatic 1,175 point sell-off on Wall Street.
Trading in U.S. stocks remained volatile Tuesday as the Dow Jones Industrial Average opened more than 500 points lower before turning positive on the day less than 15 minutes later.
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Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month.“UBS today announced the takeover of Credit Suisse,” the Swiss National Bank said in a statement Sunday...
Shares of Credit Suisse and UBS led losses on the pan-European Stoxx 600 index on Monday morning, shortly after the latter secured a 3 billion Swiss franc ($3.2 billion) “emergency rescue” of its embattled domestic rival.Credit Suisse shares collapsed by 60% at around 11:20 a.m. London time (7:20 a.m. ET), while UBS tr...
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The Swiss government is reportedly set to announce a deal Sunday that will allow UBS, the largest bank in Switzerland, to buy its beleaguered rival, Credit Suisse, for $2 billion, according to the Financial Times.The announcement comes amid mounting concerns over the potential collapse of Credit Suisse creating a conta...
Shares of Credit Suisse and UBS led losses on the pan-European Stoxx 600 index on Monday morning, shortly after the latter secured a 3 billion Swiss franc ($3.2 billion) “emergency rescue” of its embattled domestic rival.Credit Suisse shares collapsed by 60% at around 11:20 a.m. London time (7:20 a.m. ET), while UBS tr...
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The artificial intelligence boom continues to fuel a blockbuster year for chipmaker Nvidia.Nvidia’s stock jumped as much as 9% in after-hours trading Wednesday after the Santa Clara, California-based company posted year-over-year sales growth of 101%, to $13.5 billion for the three months ended in July — a new record f...
Wall Street's main indexes fell on Thursday, as an initial boost from Nvidia's stellar forecast fizzled out and investors turned cautious ahead of Federal Reserve Chair Jerome Powell's speech later this week that will offer clues on the interest rate path.Shares of Nvidia (NVDA.O) pared much of their earlier gains and ...
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Nvidia exceeded analysts’ expectations with its latest earnings announcement, riding the artificial intelligence (AI) boom on its advanced chips and announcing a $25 billion stock buyback.Santa Clara, California-based Nvidia has emerged as a powerhouse in the AI space in large part due to its advanced computer chips, w...
Wall Street's main indexes fell on Thursday, as an initial boost from Nvidia's stellar forecast fizzled out and investors turned cautious ahead of Federal Reserve Chair Jerome Powell's speech later this week that will offer clues on the interest rate path.Shares of Nvidia (NVDA.O) pared much of their earlier gains and ...
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Two senators — one Republican, one Democrat; one from Louisiana, the other from Massachusetts — gave Powell a hard time Tuesday on the same theme: that the central bank seems dead-set on putting millions of Americans out of work with monetary tightening.The big picture: The two unusually testy exchanges were a preview ...
Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected.Citing data earlier this year showing that inflation has reversed the deceleration it showed in late 2022, the central bank leader warned of tighter monetary policy ahead...
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The Federal Reserve Chair told members of Congress it could be a "bumpy" ride as they continue to try and get inflation under control. Chair Jerome Powell said the Fed's goal was still to get inflation down to 2%. The Fed has raised interest rates multiple times over the past year to try and help cool inflation, and Po...
Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected.Citing data earlier this year showing that inflation has reversed the deceleration it showed in late 2022, the central bank leader warned of tighter monetary policy ahead...
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The Dow Jones Industrial Average returned to a record on Monday, joining other market gauges at all-time highs, as the stock market’s rally carried into a fifth week.Oil producers, banks and other stocks that do well when the economy is strengthening again led the way. It’s a notable shift in leadership following month...
Steady consumer spending and strength in the labor market keep supporting U.S. stocks despite fears of a recession.The Dow Jones Industrial Average climbed Monday to its first record since mid-July, the latest example of investors’ faith in the domestic economy powering U.S. stocks to fresh highs.Buoyed by optimism abo...
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All three of the major averages closed at record highs on Monday as renewed trade hopes and strong earnings propelled stocks higher.The Dow Jones Industrial Average gained 114 points, or 0.42 percent, to book its first record close since July 23. The S&P 500 and Nasdaq finished in record territory for a second straight...
Steady consumer spending and strength in the labor market keep supporting U.S. stocks despite fears of a recession.The Dow Jones Industrial Average climbed Monday to its first record since mid-July, the latest example of investors’ faith in the domestic economy powering U.S. stocks to fresh highs.Buoyed by optimism abo...
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US stocks fell sharply in Friday trading as investors continued to worry about even more rate hikes from the Federal Reserve that could land the US economy in a recession.The Dow (INDU) tumbled 602 points, or 2%, in afternoon trading. The S&P 500 (SPX) and the Nasdaq (COMP) Composite were each down 2.2%.The Dow is curr...
Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that its battle with inflation could result in much higher interest rates and a recession.The sell-off Friday was global, in a week where the Fed boosted rates by another three-quarters of a point a...
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Markets have been in decline for the past two weeks as investors prepare for the growing likelihood that the Federal Reserve won’t be able to avoid plunging the economy into a recession.A month ago, some economists were giving about even odds that the Fed could pull off a “soft landing,” which means tamping down inflat...
Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that its battle with inflation could result in much higher interest rates and a recession.The sell-off Friday was global, in a week where the Fed boosted rates by another three-quarters of a point a...
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The IRS is introducing new income limits for its seven tax brackets, adjusting the thresholds to account for the impact of inflation. That could provide a break to some taxpayers on their taxes in 2024.The tax agency on Thursday said it's adjusting the tax brackets upwards by 5.4%, relying on a formula based on the con...
Millions of Americans could take home more pay in 2024 thanks to inflation adjustments to the tax code announced by the IRS on Thursday.The changes to the standard deduction and individual income brackets, among other adjustments, in tax year 2024 will apply to tax returns filed in 2025.One of the principal reasons beh...
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The IRS on Thursday announced higher inflation adjustments for the 2024 tax year, potentially giving Americans a chance to increase their take-home pay next year.The higher limits for the federal income tax bracket and standard deductions are intended to avoid a phenomenon known as "bracket creep," which happens when t...
Millions of Americans could take home more pay in 2024 thanks to inflation adjustments to the tax code announced by the IRS on Thursday.The changes to the standard deduction and individual income brackets, among other adjustments, in tax year 2024 will apply to tax returns filed in 2025.One of the principal reasons beh...
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Bank of America will reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent.Combined, it is one of the highest financial penalties in years against Bank of America, which ha...
Bank of America has agreed to pay back hundreds of thousands of customers after being accused of double-dipping on fees, withholding promised credit card rewards and misappropriating customer information to open fake accounts.On Tuesday, the Consumer Financial Protection Bureau (CFPB) ordered the nation's second-larges...
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Federal regulators are ordering Bank of America to pay over $100 million to customers for illegally charging junk fees, withholding credit card rewards and opening fake accounts. The Consumer Financial Protection Bureau (CFPB) said in a statement Tuesday that the bank was also ordered to pay an additional $90 million i...
Bank of America has agreed to pay back hundreds of thousands of customers after being accused of double-dipping on fees, withholding promised credit card rewards and misappropriating customer information to open fake accounts.On Tuesday, the Consumer Financial Protection Bureau (CFPB) ordered the nation's second-larges...
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Wall Street has said goodbye — and good riddance — to 2022, a year most investors would rather forget.All three major averages were down on Friday, clocking their worst year since 2008 and ended a three-year winning streak.The Dow fell 73 points, or 0.2% Friday, the last trading day of the year. In 2022, the Dow fell a...
Stocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note.The Dow Jones Industrial Average slid 73.55 points, or 0.22%, to close at 33,147.25. The S&P 500 shed 0.25% to end at 3,839.50. The Nasdaq Composite ticked down 0.11% to 10,466.88.Friday mark...
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The three major U.S. stock indices are targeting their worst annual performance since 2008, with the S&P 500 skidding over 20% in 2022. Stocks fell on Friday as growth shares dipped in the final trading session of a year marked by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war...
Stocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note.The Dow Jones Industrial Average slid 73.55 points, or 0.22%, to close at 33,147.25. The S&P 500 shed 0.25% to end at 3,839.50. The Nasdaq Composite ticked down 0.11% to 10,466.88.Friday mark...
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The Federal Reserve raised the target range for its benchmark interest rate by 0.25% on Wednesday as it battles stubborn inflation and a banking crisis which has pushed the central bank into taking its most significant emergency actions since the onset of the pandemic.The rate hike brings the Fed's policy rate, the fed...
The Federal Reserve hiked interest rates by 0.25 percentage points on Wednesday after numerous failures in the banking sector had prompted some analysts on Wall Street to call for a pause.The quarter-point hike is the ninth consecutive rate increase by the Fed since March of last year as part of the U.S. central bank’s...
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The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter of a point, forging ahead with its fight against stubborn inflation despite a spate of bank failures and a growing crisis within the financial sector. The unanimous decision puts the key benchmark federal funds rate at a range of 4.75% to ...
The Federal Reserve hiked interest rates by 0.25 percentage points on Wednesday after numerous failures in the banking sector had prompted some analysts on Wall Street to call for a pause.The quarter-point hike is the ninth consecutive rate increase by the Fed since March of last year as part of the U.S. central bank’s...
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The Federal Reserve approved a half-point interest rate hike on Wednesday, a smaller increase than in recent months and an acknowledgment that inflation is finally easing.The increase marks a shift for the central bank after an unprecedented year that includes seven-straight rate hikes as part of an aggressive campaign...
The Federal Reserve on Wednesday raised its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over despite some promising signs lately.Keeping with expectations, the rate-setting Federal Open Market Committee voted to boost the overnight borrowing rate half a p...
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The Federal Reserve on Wednesday raised its benchmark interest rate by 50 basis points, slowing its campaign to cool the economy amid early signs that stubbornly high inflation is finally starting to ease.The widely expected move puts the key benchmark federal funds rate at a range of 4.25% to 4.5%, the highest since 2...
The Federal Reserve on Wednesday raised its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over despite some promising signs lately.Keeping with expectations, the rate-setting Federal Open Market Committee voted to boost the overnight borrowing rate half a p...
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JPMorgan Chase is buying most assets of First Republic Bank after the nation’s second-largest bank failure ever, in a deal announced early Monday that protects the deposits of First Republic’s customers.JPMorgan Chase said it had acquired “the substantial majority of assets” and assumed the deposits, insured and uninsu...
Regulators seized First Republic Bank and struck a deal to sell the bulk of its operations to JPMorgan Chase & Co., heading off a chaotic collapse that threatened to reignite the recent banking crisis.JPMorgan said it will assume all of First Republic’s $92 billion in deposits—insured and uninsured. It is also buying m...
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Financial regulators in California took control of First Republic Bank and appointed the Federal Deposit Insurance Corporation in charge, who then sold the bank to JPMorgan Chase, the California Department of Financial Protection and Innovation announced early Monday morning.JPMorgan Chase has now assumed "all deposits...
Regulators seized First Republic Bank and struck a deal to sell the bulk of its operations to JPMorgan Chase & Co., heading off a chaotic collapse that threatened to reignite the recent banking crisis.JPMorgan said it will assume all of First Republic’s $92 billion in deposits—insured and uninsured. It is also buying m...
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The Treasury Department said Monday that 39 million families are set to receive monthly child payments beginning on July 15.The payments are part of President Joe Biden’s $1.9 trillion coronavirus relief package, which expanded the child tax credit for one year and made it possible to pre-pay the benefits on a monthly ...
A poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July, Biden administration officials said on Monday.The Democratic-backed American Rescue Plan, signed into law by President Joe Biden ...
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The White House on Monday reminded Americans that families would start receiving direct cash payments in their bank accounts starting in July, as President Joe Biden continues to implement his coronavirus rescue package.“With today’s announcement, about 90 percent of families with children will get this new tax relief ...
A poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July, Biden administration officials said on Monday.The Democratic-backed American Rescue Plan, signed into law by President Joe Biden ...
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Wall Street's wild Christmas week goes on, with the Dow slumping 300 points at the open Thursday, a day after notching its biggest-ever point gain.
Stocks in Japan rise sharply, but European equities broadly drift lower.
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US stocks opened sharply lower Thursday, giving back some gains from the previous day's session when the blue-chip Dow Jones Industrial Average posted its biggest one-day point increase in history.
Stocks in Japan rise sharply, but European equities broadly drift lower.
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Steve Mnuchin says the final decision on the release of Trump’s tax returns is coming next month.Treasury Secretary Steven Mnuchin left little doubt Tuesday that the administration will reject a congressional request for President Donald Trump's tax returns by a self-imposed May 6 target for a "final decision," setting...
The Treasury Department on Tuesday missed a second deadline from House Democrats to provide President Trump’s tax returns.Treasury Secretary Steven Mnuchin said in a letter that the department can't act on the request "unless and until it is determined to be consistent with law."He said that he expects Treasury to prov...
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The U.S. Internal Revenue Service on Tuesday failed to meet a congressional deadline for turning over President Donald Trump's tax returns to lawmakers, setting the stage for a court battle between Congress and the administration.The outcome, which was widely expected, could prompt House Ways and Means Committee Chairm...
The Treasury Department on Tuesday missed a second deadline from House Democrats to provide President Trump’s tax returns.Treasury Secretary Steven Mnuchin said in a letter that the department can't act on the request "unless and until it is determined to be consistent with law."He said that he expects Treasury to prov...
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House votes to hold the former IRS official in contempt after she refused to share details of her involvement in agencys targeting of conservative groups.
The House has held former IRS official Lois Lerner in contempt for her refusal to testify. But possibly nothing at all could happen to Ms. Lerner if the move is seen as partisan politics.
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The House of Representatives voted Wednesday to hold former IRS official Lois Lerner in contempt of Congress for refusing to testify about the agency's targeting of conservative groups.
The House has held former IRS official Lois Lerner in contempt for her refusal to testify. But possibly nothing at all could happen to Ms. Lerner if the move is seen as partisan politics.
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A New York City correction official, eight Police Department employees and eight other current and former city and state workers schemed to defraud Covid relief programs that were intended to provide money to struggling business owners, the authorities said on Wednesday.The defendants submitted phony applications for d...
Some $100 billion has potentially been stolen from Covid-19 relief programs designed to help individuals and businesses harmed by the pandemic, the U.S. Secret Service said.The funds have “attracted the attention of individuals and organized criminal networks” world-wide, the agency said in a news release, though its e...
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Five current or former employees in Tennessee and Mississippi with the Internal Revenue Service (IRS) have been charged with scamming the federal government of hundreds of thousands of dollars in COVID-19 relief funds to bankroll extravagant lifestyles.The suspects allegedly received money through the Paycheck Protecti...
Some $100 billion has potentially been stolen from Covid-19 relief programs designed to help individuals and businesses harmed by the pandemic, the U.S. Secret Service said.The funds have “attracted the attention of individuals and organized criminal networks” world-wide, the agency said in a news release, though its e...
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As the founder and CEO of FTX, Sam Bankman-Fried won over presidents, pop stars, and princes. On Friday, he faced his toughest audience yet: a jury of his peers.Bankman-Fried took the stand Friday following a dry run Thursday in front of federal Judge Lewis Kaplan and attorneys on both sides of his fraud case. Kaplan b...
Sam Bankman-Fried, the co-founder of failed cryptocurrency exchange FTX, testified Friday that many mistakes were made that led to the collapse of the business and the disappearance of $8 billion in customer money, but he denied that any fraud occurred.Taking the stand in his own defense in his criminal fraud trial, th...
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FTX crypto founder Sam Bankman-Fried was rebuked by the judge multiple times while testifying in his fraud and money laundering trial on Friday.United States District Judge Lewis Kaplan interrupted Bankman-Fried several times during his testimony for giving long, rambling answers in response to defense attorney Mark Co...
Sam Bankman-Fried, the co-founder of failed cryptocurrency exchange FTX, testified Friday that many mistakes were made that led to the collapse of the business and the disappearance of $8 billion in customer money, but he denied that any fraud occurred.Taking the stand in his own defense in his criminal fraud trial, th...
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Eleven times in 17 months. That’s how fast the Federal Reserve has hiked its overnight bank lending rate, which directly or indirectly affects many consumer rates.The Fed’s aggressive campaign is intended to beat down inflation. And it may be working. Based on the latest reading, inflation as measured by the Consumer P...
The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest U.S. central bank policy rate in 16 years.The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following left-biased article to unbiased center format. ### Input: Eleven times in 17 months. That’s how fast the Federal Reserve has hiked its overnight bank lending rate, which dire...
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The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter of a point, resuming its campaign to increase borrowing costs and crush inflation after a brief pause in June.The unanimous decision puts the key benchmark federal funds rate at a range of 5.25% to 5.5%, the highest since 2001, further res...
The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest U.S. central bank policy rate in 16 years.The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5....
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Just over the past week, a billionaire wealth tax proposal has suddenly moved from the edge to the very center of the negotiating table for President Biden’s sweeping Build Back Better agenda.What explains the shift? The reasons are both negative and positive.On the negative side: Kyrsten Sinema.Last week, the Arizona ...
As Democrats inch closer to finalizing their social spending package, Senate Democrats are eyeing a tax on billionaires amid pushback on income and corporate levy hikes.The proposal, called the Billionaires Income Tax, may affect roughly 700 Americans with more than $1 billion of wealth or earning over $100 million ann...
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The year 2021 has seen President Biden and congressional Democrats explore, very publicly and painfully, seemingly every possible way to squeeze more tax money out of the American people. This exploration has taken place though the federal government just enjoyed the biggest revenue haul in two decades, inflation is hi...
As Democrats inch closer to finalizing their social spending package, Senate Democrats are eyeing a tax on billionaires amid pushback on income and corporate levy hikes.The proposal, called the Billionaires Income Tax, may affect roughly 700 Americans with more than $1 billion of wealth or earning over $100 million ann...
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President Trump on Friday named his budget director as the acting director of the Consumer Financial Protection Bureau, moving to take control of the agency hours after its departing leader had taken steps to install his own choice for acting chief.
President Trump on Friday announced that he is appointing Office of Management and Budget Director Mick Mulvaney as acting director of the Consumer Finance Protection Bureau (CFPB), setting up a potential fight over the agency's future.
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The White House insisted Saturday that President Trump has the authority to appoint a successor to temporarily oversee the Consumer Financial Protection Bureau, rather than a former acting director.
President Trump on Friday announced that he is appointing Office of Management and Budget Director Mick Mulvaney as acting director of the Consumer Finance Protection Bureau (CFPB), setting up a potential fight over the agency's future.
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The Federal Reserve appears on track to raise interest rates in December and again next year, a gradual tightening of monetary policy that as of now seems unchanged by the results of the presidential election, Fed Chair Janet L. Yellen will signal to Congress today.
Central-bank officials decided to hold off on raising rates at their last meeting.
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Federal Reserve Chair Janet Yellen said Thursday that an interest rate increase likely will be appropriate “relatively soon” as long as there is further evidence of progress in the economy.
Central-bank officials decided to hold off on raising rates at their last meeting.
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The Biden administration will extend the pause on student loan payments once again, President Joe Biden announced on Tuesday, as the program to cancel millions of peoples' student loans remains tied up in the courts.The extension is intended to give the Supreme Court time to rule on the lawsuits brought against Biden's...
The Biden administration on Tuesday announced that it will extend the payment pause on federal student loans until after June or when it’s able to move forward with its debt forgiveness plan.Federal student loan bills had been scheduled to resume in January.The administration’s move comes in response to a federal appea...
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The Biden administration on Tuesday announced that it will extend the pause on federal student loan repayments through June 30 as its broader debt forgiveness plan remains in legal limbo. Federal borrowers were scheduled to resume payments in January."We’re extending the payment pause because it would be deeply unfair ...
The Biden administration on Tuesday announced that it will extend the payment pause on federal student loans until after June or when it’s able to move forward with its debt forgiveness plan.Federal student loan bills had been scheduled to resume in January.The administration’s move comes in response to a federal appea...
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Several members of Congress are calling on the Social Security Administration to answer for issuing billions of dollars of payments it says beneficiaries weren’t entitled to receive — and then demanding the money back.Many of the recipients are elderly, poor, or disabled and have already spent the money. They have litt...
Members of Congress are demanding answers after it was revealed the Social Security Administration is trying to claw back $20 billion in overpayments.The SSA regained $4.7 billion of overpayments during the 2022 fiscal year, but ended the year with $21.6 billion still outstanding, according to a report by agency's insp...
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Participants of the Social Security Administration's various programs have received letters in the mail claiming that they owe thousands of dollars because they were admittedly overpaid by the administration.Some recipients have reported that they were told to return $67,000 over the next 30 days or submit a partial re...
Members of Congress are demanding answers after it was revealed the Social Security Administration is trying to claw back $20 billion in overpayments.The SSA regained $4.7 billion of overpayments during the 2022 fiscal year, but ended the year with $21.6 billion still outstanding, according to a report by agency's insp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Instruction: Convert the following right-biased article to unbiased center format. ### Input: Participants of the Social Security Administration's various programs have received letters in the mail claiming th...