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Recession 2025: What to Watch and How to Prepare 11/24/2024 07:00pm • The U.S. economy is on relatively solid footing heading into 2025. But while inflation has cooled, progress has been choppy and inconsistent at times. Labor markets have softened, and the Federal Reserve has begun cutting interest rates from multi-decade highs. Many economists, including Federal Ope 7 Best Cryptocurrency Mining Stocks 11/24/2024 07:00pm • The cryptocurrency industry is once again in the middle of a boom cycle, spearheaded by the launch of the first spot crypto exchange-traded funds and the transition to a more crypto-friendly U.S. president in Donald Trump. Most top cryptocurrencies have performed extremely well as of late, and risin Moscow offers debt forgiveness to new recruits and AP sees wreckage of a new Russian missile 11/24/2024 11:12am • KYIV, Ukraine (AP) — Russian President Vladimir Putin has signed a law granting debt forgiveness to new army recruits who enlist to fight in Ukraine. The measure, whose final version appeared on a government website Saturday, underscores Russia’s needs for military personnel in the nearly 3-year The rising price of paying the national debt is a risk for Trump's promises on growth and inflation 11/24/2024 07:40am • WASHINGTON (AP) — Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit A $300B a year deal for climate cash at UN summit sparks outrage for some and hope for others 11/23/2024 08:46pm • BAKU, Azerbaijan (AP) — United Nations climate talks adopted a deal to inject at least $300 billion annually in humanity’s fight against climate change, aimed at helping developing nations cope with the ravages of global warming in tense negotiations. The $300 billion will go to developing count Moody's credit rating upgrade for Cyprus opens the door to investment, president says 11/23/2024 05:18am • NICOSIA, Cyprus (AP) — Moody’s two-notch upgrade of Cyprus' credit rating to A3 from Baa2 opens the threshold to quality foreign investment that will generate new jobs, the president said Saturday. President Nikos Christodoulides said in a statement that the rating agency’s action reflects his Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary 11/23/2024 12:03am • WASHINGTON (AP) — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time before settling on billionaire investor Scott Bessent as his treasury secretary nominee. The Republican not only wanted someone who jibes with him, but an official who can execute his eco Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor 11/22/2024 09:44pm • WASHINGTON (AP) — President-elect Donald Trump announced Friday that he'll nominate billionaire hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary, one of several personnel decisions that he unveiled as he closed out the workweek. Trump al Louisiana lawmakers pass income and corporate tax cuts, raising statewide sales tax to pay for it 11/22/2024 08:55pm • BATON ROUGE, La. (AP) — Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, giving Gov. Jeff Landry much of what he wanted after his original tax reform package faced mounting resistance from lawmakers a What to know about Scott Bessent, Trump's pick for treasury secretary 11/22/2024 07:49pm • WASHINGTON (AP) — President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary. Bessent is a past supporter of Democrats who has become an enthusiastic supporter of Trump. He’s an advocate of cutt 2 convicted in human smuggling case after Indian family froze to death on US-Canada border 11/22/2024 06:28pm • FERGUS FALLS, Minn. (AP) — A jury convicted two men on Friday of charges related to human smuggling for their roles in an international operation that led to the deaths of a family of Indian migrants who froze while trying to cross the Canada-U.S. border during a 2022 blizzard. Harshkumar Ramanlal Trump offers billionaire Scott Bessent Treasury secretary role, sources say 11/22/2024 06:08pm • (CNN) — President-elect Donald Trump has offered the Treasury secretary position to billionaire Scott Bessent, according to two sources familiar with the matter. Bessent, 62, advised Trump on economic policy on the campaign trail and is the founder of hedge fund Key Square Capital Management. B A proposed deal on climate cash at UN summit highlights split between rich and poor nations 11/22/2024 04:28pm • BAKU, Azerbaijan (AP) — A new draft of a deal on cash to curb and adapt to climate change released Friday at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer ones. The amount pleases the countries who will be paying, but not those on the rece The Bahamas will refinance part of its debt to protect its famous turquoise waters 11/22/2024 12:46pm • SAN JUAN, Puerto Rico (AP) — The Bahamas announced Friday that it will refinance $300 million of its external debt to free up more than $120 million for marine conservation projects and climate change mitigation. It is the fifth such debt-for-nature swap in the world, with the Bahamian government DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit 11/22/2024 09:17am • DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company. The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively