Stocks Rally on Cooler Inflation Data; Congress Averts Shutdown; U.S.-China Climate Deal Struck; Haley Garners Wall Street Support in Potential Presidential Bid
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Yesterday's cooler-than-expected CPI data shifted discussion from rate hikes to cuts, exciting investors about lower rates.
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The House's passage of a spending bill appears to remove shutdown risk, a potential economic drag. But political tensions in Congress remain.
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U.S. and China struck a climate deal ahead of Biden-Xi meeting, pledging renewable energy ramp-up.
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Jamie Dimon and Ken Griffin are reportedly impressed by Nikki Haley's economic positions, potentially backing her campaign.
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Google antitrust trial mirrors 1990s Microsoft case - both highlight platform economics and deals with competitors.