Economic News
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Powell: Fed's independence from politics is vital to its interest rate decisions
Chair Jerome Powell said 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 political outcome
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Mexico raises its still-low minimum wage by 12%, but it marks no increase in dollar terms
Mexico has decided to increase its still strikingly low daily minimum wage by 12% next year
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Senegalese artisans in the spotlight as they exhibit for the first time at a prestigious art event
For the artistic and cultural elites of the West African nation of Senegal, the monthlong Dakar Biennale of Contemporary African Arts is a celebratory moment
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Is Enron back? If it's a joke, some former employees aren't laughing
Enron, the Houston-based energy company that exemplified the worst in corporate fraud and greed in America after it went bankrupt in 2001, is coming back
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Small business owners brace for Trump's proposed tariffs
Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office
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US job openings rose last month, though hiring slowed, in mixed picture for labor market
The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled
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Cargill lays off 5% of its workforce, with job cuts impacting thousands of employees globally
Agribusiness giant Cargill is laying off thousands of its employees
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China bans exports to US of gallium, germanium, antimony in response to chip sanctions
China has announced a ban on exports to the United States of gallium, germanium and other key high-tech materials with potential military applications
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Rival union official says Atlantic City casino union boss should resign for opposing a smoking ban
Workers seeking an end to smoking in Atlantic City casinos say the main employee union has been won over by tobacco companies seeking allies in the fight against smoking restrictions
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A top Fed official leans toward December rate cut but says it depends on economic data
A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view
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