Fed likely to maintain rates

The S&P 500 ended down on Wednesday after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports. Nvidia NVDA.O and Amazon AMZN.O dipped more than 1%, with the two AI computing heavyweights weighing on the S&P 500 .SPX. U.S. consumer…

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Trump, joined by Musk, orders up major cuts to US workforce

WASHINGTON ― Joined by Elon Musk in the Oval Office, President Donald Trump signed an executive order Tuesday that seeks to “significantly reduce the size of government” by instructing heads of federal departments and agencies to undertake plans for “large-scale reductions in force.” Trump’s newest order directs the federal government to implement a “workforce optimization…

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