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Nortwest Arkansas Democrat Gazette - National Business icon

Nortwest Arkansas Democrat Gazette - National Business

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WASHINGTON -- Jerome Powell said Wednesday that he plans to remain on the board of the Federal Reserve after his term as chair ends next month "for an undetermined period of time," saying the "unprecedented" legal attacks by the Trump administration have put the independence of the nation's central bank at risk.

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OAKLAND, Calif. -- Elon Musk took the stand for the second day Wednesday in the landmark trial that pits the world's richest person against Sam Altman, a fellow OpenAI co-founder he accuses of betraying promises to keep the company as a nonprofit dedicated to humanity's benefit.

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NEW YORK -- More jumps for oil prices sent tremors through the U.S. bond market on Wednesday, along with hints that some Federal Reserve officials don't want to cut interest rates anytime soon. But despite that, fat profit reports from Starbucks and other big companies helped the U.S. stock market remain resilient.

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LONDON -- The European Union accused Meta on Wednesday of failing to stop underage users from accessing Facebook and Instagram, in violation of the bloc's tough digital rules that require social media sites to protect minors.

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Compass Datacenters is pulling out of a yearslong effort to build a key part of a 2,100-acre data center corridor in Northern Virginia after the development faced intense pushback from local residents.

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