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Economic News

Job Openings Rebound, Unemployment Dips to 4.5%

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07 January 2026
U.S. private payrolls rebounded less than expected in December, ⁠the ADP's national employment report showed Wednesday.
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Sen. Schmitt to Newsmax: 'Rude Awakening' for NYC Under Mamdani

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07 January 2026
Sen. Eric Schmitt, R-Mo., told Newsmax on Tuesday that New York City is headed for a "rude awakening" following the swearing-in of democratic socialist Zohran Mamdani as the city's new mayor, citing Mamdani's embrace of collectivist ideology as a red flag.
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Euro zone inflation hits 2% in December, in line with forecasts

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07 January 2026
Euro zone inflation stood at 2% in December, flash data from Eurostat showed on Wednesday.
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Trump: Venezuela Giving US 30M-50M Barrels of Oil

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06 January 2026
President Donald Trump said Tuesday that Venezuela is turning over 30 million to 50 million barrels of oil to the United States, with proceeds he said will benefit both the Venezuelan people and Americans.
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Supreme Court Tariffs Ruling Could Come Friday

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06 January 2026
The U.S. Supreme Court is expected to issue rulings on Friday as it weighs cases with major implications both nationally and around the world including the legality of President Donald Trump's sweeping global tariffs. The court indicated on its website on Tuesday that it ...
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Morici to Newsmax: Venezuelan Oil Unlikely to Quickly Shift Economy

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06 January 2026
The sharp rise in oil and energy stocks following developments in Venezuela is largely speculative and unlikely to have an immediate or dramatic effect on the broader U.S. economy, economist Peter Morici told Newsmax on Tuesday.
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  1. Fed's Barkin: US Faces Risks to Both Jobs & Inflation
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