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Business News

Location American Business News for 7 January 2026
Jensen Huang said he is 'perfectly fine' with the California billionaire wealth tax and breaks with other tech CEOs The Nvidia CEO is the eighth-wealthiest person in the world and could see an $8 billion levy should the 5% California wealth tax come to pass.
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Donald Trump says Venezuela would give 30 to 50 million barrels of oil to the US, to be controlled by him Trump said the interim president of Venezuela will "be turning over" 30 to 50 million barrels of oil to be sold at market prices in the US.
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Bank of America resets Nvidia stock forecast after key event Heres what could happen to Nvidia shares next.
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Investors are waiting on Fridays jobs numbers. They should be more worried about this productivity report. AI-driven productivity gains are hindering the Feds effort to juice the labor market.
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AI investments wont pay off unless employees can do the work required The U.S. urgently needs an education and workforce effort that can handle the significant changes stemming from AI.
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Stock Market Today, Jan. 7: S&P 500 and Dow Set New Record Out of Gate This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latestStock Market Todaythreads,click here. Happy Wednesday.This is TheStreets Stock Market Today for Jan. 7...
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U.S. to Control Venezuela Oil Sales Indefinitely, Energy Secretary Says Chris Wright said the Trump administration was in active dialogue with Venezuelas government about the plan.
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Yield Hits Ethereum ETFs: Grayscale ETHE Distributes Staking Rewards in First-Ever US Crypto ETP Move Regulated ethereum investors are now earning on-chain yield as Grayscale pushes staking rewards directly into a U.S.-listed spot crypto ETP, marking a first-of-its-kind distribution that links ethereum staking income to ...
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MSCI Keeps Crypto Treasury Companies Alive in Indexes, Clearing the Path for a Relief Rally MSCIs decision to keep digital asset treasury companies in its global benchmarks lifted a major overhang for crypto-linked stocks, easing index risk fears and stabilizing capital flow expectations across equity and digit...
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JPMorganChase takes over Apple Card from Goldman Sachs

American Banker - 7 Jan 2026 23:43
JPMorganChase takes over Apple Card from Goldman Sachs The deal ends more than a year of speculation of who would take over Apple's coveted credit card portfolio.
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Minnesota Officials Dispute Trump And Noems Claims That Woman Killed By ICE Tried To Run Over Agent (Live Updates) Trump and his administration alleged that the woman shot and killed by ICE was attempting to run over an agent with her car, while local leaders disputed this account.
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Berkshire CEO will get a salary Buffett refused for decades Berkshires new boss is getting a paycheck, and investors need to pay attention.
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Why battery recycling is essential for supply chain security With battery demand soaring, extended producer responsibility laws are essential to recovering valuable minerals and improving supply chain resilience. Batteries are powering a significant shift in how we go about our da...
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Minnesota Officials Remind Residents Trump Admins Aim Is to Provoke In the immediate aftermath of an ICE agent killing a woman in Minnesota on Wednesday, officials urged residents of the
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Trump-linked World Liberty Financial applies for federal bank charter World Liberty Financial is trying to launch the World Liberty Trust Company, a stablecoin-focused national trust bank, it said Wednesday.
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'This case is going to trial': Judge rejects Sam Altman's efforts to toss Elon Musk's OpenAI lawsuit An Oakland federal court judge just handed a win to Elon Musk and his legal battle against Sam Altman and OpenAI.
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Goldman Sachs Apple Card saga is finally coming to an end JPMorgan will take over the card program, which had been a major headache for Goldman.
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Three bills were announced Wednesday to better protect consumers following complaints of insurer abuses following the January 2025 firestorms.
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Reid Hoffman calls California's proposed billionaire tax 'horrendous' for innovation Reid Hoffman, a prominent Democratic donor, said the proposed tax is "badly designed" and contains "massive flaws."
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Why Saks Fifth Avenue could face Chapter 11 or liquidation The iconic retailer struggles with cash flow and debt, making Chapter 11 or liquidation a real possibility.
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It said analysts discovered the images on a dark-web forum, by users who claimed to have used Grok
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Rep. Hill rolls out community bank deregulation package

American Banker - 7 Jan 2026 23:01
Rep. Hill rolls out community bank deregulation package House Financial Services Committee Chairman French Hill's community-banking package includes reciprocal deposits, tailoring and many other items on community bankers' wish lists.
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