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Palantir Plunges 10% on Trump Budget Cut News

Palantir (PLTR) stock plummeted 10% on news of potential Pentagon budget cuts, with AI software company heavily reliant on government contracts.

Fed Rate Cuts Still on the Table, Says Atlanta Fed President Bostic

Atlanta Fed President Raphael Bostic says interest rate cuts are still possible in 2023 as the Fed assesses the economy and Trump administration policies.

CVS, Pharma Giants Battle Over PBMs

A battle is brewing in Washington, D.C., between pharmaceutical companies and pharmacy benefit managers (PBMs) as President Donald Trump's new administration takes shape. The drug industry's biggest lobbying firm, PhRMA, has released its policy priorities for 2025, including putting patients before PBM profits. That has spurred PBMs like CVS Caremark (CVS) to defend their companies' value in the overall healthcare system.

US Futures Fall After S&P 500 Hits Record High; Fed Minutes Show Pause in Rate Cuts

US Future MarketSlumps, S&P 500 HitsRecord High, Fed MinutesShow Pause in Rate Cuts, Defense Cuts Affect Palantir, Walmart Earnings Preview

PBOC keeps rates steady, limits easing as yuan poses challenge

China left its benchmark lending rates unchanged on Thursday, keeping monetary stimulus in check amid yuan weakness and narrowing bank margins, as it prioritizes financial and currency stability.

Asia Markets Fall on Fed's Hawkish Minutes

Asian stocks fall after muted Wall Street moves as Fed minutes indicate no rush to cut rates

Oil Steady After API Reports Another US Crude Stockpile Build

Oil steadies after gains as industry report shows another build in US crude stockpiles.

US Futures Fall As Fed Signals No Rate Cuts

US futures drop after S&P 500 hits record high, Fed signals pause in rate cuts.

Fortescue Profit Plunges 53% as Iron Ore Demand Weakens

Fortescue's profit plunges 53% on weak iron ore demand from China; dividend halved; Iron Bridge project update.

Asian Stocks Decline as Fed Signals No Rate Cuts Coming Soon

Asian shares set to decline following muted Wall Street moves as Fed minutes indicate no rush to cut interest rates.