The Union Journal
The Union Journal City News
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Latest posts
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Fed Rate-Hike Odds Jump Above 60% as Jobs Report Takes Center Stage
Markets are pricing a greater-than-60% chance of a September Federal Reserve rate increase, putting Friday’s jobs report and the Sept. 11 inflation data at the center of the policy debate.
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US National Debt Tops $40 Trillion as Borrowing Costs Hit Households
The U.S. national debt has passed $40 trillion as rising Treasury yields increase federal interest costs and influence mortgages, loans and household finances.
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US Scam Losses Hit Record $15.9 Billion: How to Protect Your Money
Americans reported a record $15.9 billion in scam losses last year. Here are the fastest-growing threats and practical steps to protect your money.
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Record 89% of Americans Say Government Corruption Is Widespread, Gallup Finds
A record 89% of U.S. adults say government corruption is widespread, Gallup reports, with concern shared by large majorities of Democrats, independents and Republicans.
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Dell Raises Revenue Forecast to $192 Billion as AI Server Orders Surge
Dell raised its annual revenue forecast to $192 billion after record AI-server orders, revenue and backlog fueled a sharp expansion across its infrastructure business.
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German Manufacturers Face Growing China Competition as Export Model Comes Under Pressure
German industrial companies are rethinking products, costs and overseas strategy as Chinese rivals move into high-value machinery, vehicles and other export markets.
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Dollar Hits Two-Week High as Oil Shock Revives Fed Rate-Hike Bets
The dollar reached a two-week high as rising oil prices and bond yields revived expectations that the Federal Reserve could raise rates in September.
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US Drone Tariffs Take Effect: What the New 25% and 100% Duties Cover
New U.S. drone tariffs take effect September 3, imposing 25% duties on many smaller imports and up to 100% on heavy, thermal-capable and other sensitive systems.
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I Bonds Still Pay 4.26% Through October: What Savers Should Know
Series I savings bonds pay a 4.26% composite rate through October 31, including a 0.90% fixed component. Here are the limits, lockups and tax rules.
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Gold Rebounds More Than 1% After Sliding to a Near One-Month Low
Gold jumped more than 1% after hitting a near one-month low as the dollar and Treasury yields eased. Jobs data and Fed expectations now drive the outlook.
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US Private Payroll Growth Slows to 38,000 as Manufacturing Cuts Jobs
Private employers added just 38,000 jobs in August, with manufacturing down 17,000 and health and education services accounting for most gains.
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Trump Nominates Hung Cao as Navy Secretary Amid Wartime Readiness Strain
Trump plans to nominate acting Navy Secretary Hung Cao for the permanent post as extended deployments, shipbuilding delays and the Iran war test readiness.
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Bank of Canada Holds Rate at 2.25% as Oil and Trade Risks Cloud Outlook
The Bank of Canada kept its policy rate at 2.25% as high oil prices and renewed U.S.-Canada trade tensions complicate inflation and growth.
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Wall Street Rebounds as Tech Gains Offset Oil and Bond-Yield Anxiety
Technology shares lifted Wall Street after a three-day slide, but elevated Treasury yields and oil prices continue to test the market outlook.
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British Pound Slides to Three-Week Low as Dollar and Gilt Yields Rise
Sterling fell to a three-week low against the dollar as higher oil prices, a gilt selloff and central-bank uncertainty pressured the currency.
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UK Gilt Yields Hit 2008 High as Oil Shock Pressures Pound
UK government bond yields reached their highest level since 2008 as rising oil prices revived inflation fears, pushing borrowing costs higher while sterling weakened.
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House Returns With Stopgap Funding Bill as Shutdown Deadline Nears
House lawmakers are back in Washington with a stopgap spending bill at the top of the agenda, aiming to keep the federal government funded through early December and avoid a shutdown before the midterm elections.
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China Factory Activity Improves but Remains in Contraction as Exports Surge
China’s factory sector improved in August but remained below the line separating growth from contraction, exposing a widening gap between strong exports and weak domestic demand.
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Mortgage Rates Hold Near 6.7% as Fed Hike Bets Complicate Homebuying
Mortgage rates remain near 6.7% as investors price in a possible Federal Reserve increase, keeping monthly payments elevated for buyers entering the fall housing market.
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Supreme Court Lets White House Ballroom Construction Continue During Legal Fight
A divided Supreme Court has allowed construction on the White House’s $400 million ballroom project to continue while lawsuits challenging the work proceed in lower courts.