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South Korea upholds impeachment of President Yoon, ousting him from office newsthirst.

South Korea’s impeached President Yoon Suk Yeol arrives for his impeachment trial at the Constitutional Court in Seoul, South Korea, on Jan.  Kim Hong-ji | Reuters South Korea’s Constitutional Court Friday upheld the impeachment of President Yoon Suk Yeol, ousting him from office. The decision now starts a 60-day countdown where a presidential election must…

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Investors should follow the post-dot-com-bubble playbook newsthirst.

With industries like technology and consumer discretionary driving Thursday’s market meltdown following President Donald Trump’s rollout of new tariffs, CNBC’s Jim Cramer points investors to the same sectors that rose after the dot-com bubble burst in 2000. Stocks cratered on Thursday, with the Dow falling nearly 4%, the S&P 500 shedding 4.8%, the Nasdaq plunging…

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Affirm, PayPal, fintechs plunge on concerns Trump tariffs hit consumer newsthirst.

The global market rout on Thursday, sparked by President Donald Trump’s announcement of widespread tariffs, had an outsized effect on fintech companies and credit card issuers that are closely tied to consumer spending and credit. Affirm, which offers buy now, pay later purchasing options, plunged 19%, while stock trading app Robinhood slid 10% and payments…

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Southwest’s bag fees and other changes could backfire, Fitch warns newsthirst.

A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images) John J. Kim | Chicago Tribune | Getty Images Southwest Airlines‘ new policies such as charging for checked bags for the first time could backfire, Fitch Ratings said Thursday. Southwest is reversing its…

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Lutnick says Trump’s tariffs will spur countries to examine trade policies newsthirst.

Aggressive tariffs that President Donald Trump announced Wednesday will begin a “re-ordering” of global trade that will force other nations to open their doors to more American goods, Commerce Secretary Howard Lutnick said Thursday. Under an executive order the president signed, the U.S. will retaliate against duties imposed on American goods elsewhere. Lutnick, in a…

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