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A U.S. government shutdown could make Fed’s job harder

A U.S. government shutdown could make Fed’s job harder

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters After a seemingly unproductive meeting between lawmakers and U.S. President Donald Trump on Monday, the chances that the country’s…

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China manufacturing activity picks up in September — official PMI still in contraction

China manufacturing activity picks up in September — official PMI still in contraction

A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images China’s official gauge for manufacturing activity showed a smaller-than-expected contraction in September as Beijing intensified its efforts aimed at curbing industrial…

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Trump sets 10% tariff on lumber imports, higher rates on wooden products

Trump sets 10% tariff on lumber imports, higher rates on wooden products

U.S. President Donald Trump signed a proclamation on Monday to set a 10% tariff rate on imports of lumber and 25% on vanities, kitchen cabinets and upholstered wooden products, the White House said. Andrew Harnik | Getty Images News | Getty Images U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on…

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Hedge funds are increasingly moving like stocks markets

Hedge funds are increasingly moving like stocks markets

Hedge funds are increasingly moving in lockstep with broader equities markets, raising the risk of hefty losses in the event of a sharp market reversal. Large investors such as pension funds, insurance companies, endowments and family offices have often sought out alternative investments such as hedge funds as a diversifier to traditional 60/40 equities-and-bonds portfolios,…

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RBA, Nikkei 225, Kospi, CSI 300

RBA, Nikkei 225, Kospi, CSI 300

Waterfront city skyline of Sydney city downtown at night with bright illumination of modern architectural landmarks in Sydney, Australia. Prasit Photo | Moment | Getty Images Asia-Pacific markets traded mixed Tuesday with focus on the Reserve Bank of Australia’s interest rate decision later in the day. The RBA is expected to hold its cash rate…

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