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Trump slaps new tariffs on foreign countries during ‘Liberation Day 2.0'

Trump slaps new tariffs on foreign countries during ‘Liberation Day 2.0'

Fox News3 days ago
Fox News' Mark Meredith reports on reactions to the Trump administration's latest round of tariffs on foreign nations. The 'Outnumbered' panelists weigh in on what it means for the global economy.
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Top South Dakota official apologizes for releasing voter data
Top South Dakota official apologizes for releasing voter data

Yahoo

time17 minutes ago

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Top South Dakota official apologizes for releasing voter data

SIOUX FALLS, S.D. (AP) — South Dakota's top elections official has apologized for the state releasing information about voters who also were seeking public assistance, such as food aid. Secretary of State Monae Johnson made the voter registration rolls of more than 600,000 voters public last month to comply with a new state law. But the spreadsheet of voter information also included a field for source of registration, which disclosed whether an individual registered to vote at a public assistance agency, such as those offering housing help and food assistance. Federal law prohibits the government from releasing information about those receiving public assistance. The data leak drew condemnation from across the state, and the American Civil Liberties Union called it an 'egregious violation of voters' privacy rights.' Johnson apologized on Friday. 'As Secretary of State, I take full responsibility for the release of this information. My office is committed to both transparency and protecting voter privacy," Johnson said in statement. 'Upon discovering the issue, we acted immediately to remove the data and prevent further dissemination.' The information was taken off the website Friday, the day after the ACLU sent a letter to the office demanding the state fix the issue. Individuals who had their information disclosed have been notified by mail, and those with access to the information will be asked to delete it. The secretary of state also clarified that registering at a public assistance agency does not necessarily mean an individual is receiving benefits. In South Dakota, a person can register to vote at driver's license exam stations, disability service offices, military recruitment centers and county auditor offices in addition to public assistance agencies. The ACLU is now encouraging those who were impacted to fill out their legal intake form. "Essentially, voters who exercised their right to register to vote at public benefits offices were punished for it through this substantial privacy violation,' ACLU South Dakota Advocacy Manager Samantha Chapman said. South Dakota Attorney General Marty Jackley is appointing legal counsel to represent the Secretary of State's office and the state legislature in case of potential lawsuits. Sarah Raza, The Associated Press

OPEC+ Just Flooded the Market--Now It Might Pull the Plug
OPEC+ Just Flooded the Market--Now It Might Pull the Plug

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time17 minutes ago

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OPEC+ Just Flooded the Market--Now It Might Pull the Plug

OPEC+'s oil strategy just took a sharp turn and it might not be the last. Over the weekend, the group finalized the return of 2.2 million barrels per day to the global market, wrapping up its post-2023 unwind. But insiders say this might just be the setup for the next move. Delegates emphasized that everything is still on the table: more increases, a pause, or even a full reversal. The group's next meeting is scheduled for September 7 and it could mark the start of another major pivot. Warning! GuruFocus has detected 9 Warning Signs with GS. On paper, demand has held up. But beneath the surface, cracks are forming. The International Energy Agency projects a 2 million barrel-per-day surplus by Q4, driven by slowing Chinese growth and swelling supply from the Americas. Crude futures are already down 6.6% this year to under $70 per barrel, and Wall Street doesn't look optimistic with Goldman Sachs (NYSE:GS) and JPMorgan (NYSE:JPM) warning prices could drift toward $60. That's well below what many OPEC+ members need to balance their budgets. Most traders Bloomberg surveyed expect the group to hold steady for now. But if U.S. supply slips or macro conditions turn, analysts like Eurasia Group's Greg Brew say more barrels could still come back online. Overlay that with rising geopolitical heat, and the picture gets even murkier. President Donald Trump is ramping up pressure on Russia over Ukraine, threatening secondary sanctions on buyers of Russian oil. Last week, Russian Deputy Prime Minister Alexander Novak made a high-profile visit to Riyadh, underscoring Moscow's ties with Saudi Arabia. But the tension is real and growing. Analysts say the alliance could face its toughest test yet: defend market share by bringing back the final 1.66 million barrels per day still offline, or maintain unity under increasing global pressure. Either way, September's meeting could be a turning point for global oil markets. This article first appeared on GuruFocus. Sign in to access your portfolio

Rachel Reeves under pressure to ‘urgently rule out' tax hikes
Rachel Reeves under pressure to ‘urgently rule out' tax hikes

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time17 minutes ago

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Rachel Reeves under pressure to ‘urgently rule out' tax hikes

The Conservatives are urging Chancellor Rachel Reeves to "urgently rule out" increasing share taxes in the upcoming autumn budget, following the leak of a memo from Angela Rayner suggesting a series of tax hikes. The Tories argue that leaving investors "in limbo" could harm the economy. The party claims that scrapping the £500 dividend allowance would pull an estimated 5.22 million more individuals into paying investment levies. This pressure on ministers comes after a document, reportedly sent by the Deputy Prime Minister to Ms Reeves, was leaked to the press. In the memo, Ms Rayner proposed removing the dividend allowance to generate approximately £325 million annually, as well as axing inheritance tax relief for AIM shares and increasing dividend tax rates, according to The Telegraph. Shadow chancellor Mel Stride commented: 'The Government need to urgently rule out these tax hikes on savers and investors before speculation causes further economic harm. 'Labour don't understand how business works and how to create growth. More taxes on investment, entrepreneurship and saving are the last thing our economy needs right now.' The Government's U-turns over welfare reform and winter fuel payments have left the Chancellor with a multibillion-pound black hole to fill, fuelling speculation that she will seek to raise revenue through tax hikes. The Tories claimed axing the dividend allowance would drag 'an estimated 5.22 million more people into paying dividend tax'. This figure appears to be based on an assumption that at least 8.82 million people in the UK hold shares that pay dividends. Some 3.6 million are already subject to dividend tax, according to data obtained by investment platform AJ Bell through a Freedom of Information request. The Chancellor last year said she would not be 'coming back with more borrowing or more taxes' after her first budget but has since refused to rule out raising specific levies, saying it would be 'irresponsible' to do so. A Labour Party spokesperson said: 'The Conservatives have some brass neck. They've still not apologised for the damage caused by the Liz Truss mini-Budget, nor the £22 billion black hole they left – which hammered firms and families across the country. 'Labour is doing more to support business than the Tories ever could. 'We've already delivered three historic trade deals and four interest rate cuts – to reduce costs and put money back in people's pockets.'

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