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The dollar weakens after President Trump floats naming a Federal Reserve Chair successor much earlier than expected. Plus: tech and finance sectors rebound from spring’s turbulent market. Julia Carpenter hosts.
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Plus: The U.S. economy contracted more in the first quarter of the year than previously estimated. A Supreme Court ruling makes it easier for states to boot Planned Parenthood clinics from Medicaid. Julia Carpenter hosts.
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Plus: Shell denies that it is in takeover talks with UK rival BP. And Nvidia is ruffling the feathers of tech giants Microsoft, Google and Amazon as the company moves into cloud computing. Kate Bullivant hosts.
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Tesla logs another month of steep sales declines in the European Union. Plus: FedEx stock drops after the shipping company said it expects to lose $170 million as a result of tariffs. Julia Carpenter hosts.
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Plus: Defense Secretary Pete Hegseth says the FBI is probing the leak of an intelligence report about U.S. strikes on Iran’s nuclear facilities. Bumble cuts 30% of its workforce. Ariana Aspuru hosts.
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Plus: A federal judge has ruled that Anthropic’s use of books to train its artificial-intelligence models was legal under U.S. copyright law. And FedEx shares are down after the company said tariffs are weighing on its international business. Kate Bullivant hosts.
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Federal Reserve chair Jerome Powell testified before Congress, reaffirming the central bank’s wait-and-see stance on rate cuts. Plus: Uber shares rose after it launched its robotaxi partnership with Waymo. Danny Lewis hosts.
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Plus: Federal Reserve Chair Jerome Powell reaffirms wait-and-see posture on rate cuts during Congressional hearings. U.S. consumer confidence slipped in June. And, U.S. home prices rose at the slowest annual pace in nearly two years as mortgage prices continued to stretch affordability. Charlotte Gartenberg hosts.
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Plus: The Supreme Court clears the way for the Trump administration to send migrants facing final deportation orders to countries they aren’t from. And nearly two million student loan borrowers risk having their pay docked by the government this summer. Kate Bullivant hosts.
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But U.S. crude oil futures tumbled and energy stocks posted muted declines after Iran launched missiles at a U.S. base in Qatar and at Iraq. Plus: Tesla shares rose after it debuted its robotaxi service. And stock in Hims & Hers slid after Novo Nordisk ended their partnership. Danny Lewis hosts.
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