News for May 6, 2025
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Trump says U.S. will stop bombing Houthis after group "capitulated"President Donald Trump said the U.S. will stop bombing the Houthis right away after the group said it would stop attacking U.S. ships in the Red Sea.
U.S. oil production has likely peaked and will start to decline, Diamondback CEO warnsDiamondback Energy CEO Travis Stice warned that U.S. onshore oil production has likely peaked and could start to fall soon as lower oil prices hurt drilling activity.
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Fighters vs wimps: Swing-state Democrat sees a new divide in the partyRep. Chris Deluzio says Democrats should focus less on old party labels and more on being strong fighters against Trump and corporate power.
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- Hedge fund billionaire Paul Tudor Jones says stocks are headed for fresh lows even if China trade tensions ease
Paul Tudor Jones says stocks may fall to new lows soon, even if U.S.-China trade tensions ease, because tariffs and high interest rates are still pressuring the market.
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U.S. trade deficit jumps to record high on pre-tariff import rushPresident Donald Trump’s looming tariffs helped drive the U.S. trade deficit to a record high in March as companies rushed to import goods before the new duties took effect.
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