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Twitter introduces new bookmarking button

The Twitter app is seen on an iPhone on December 1, 2017. Photo: Jaap Arriens/NurPhoto via Getty Images

Twitter is globally rolling out a button for bookmarking tweets, the company said on Wednesday. Tweets that are bookmarked with the new tool will be kept private, presumably to provide users with more privacy around their interests instead of having to publicly explain why they've bookmarked a particular tweet.

Why it matters: This is part of an ongoing evolution of Twitter's product. For years, many used its somewhat-ambiguous, star-shaped "favorite" button to bookmark tweets, but the company's switch to a heart-shaped "like" button in 2015 has complicated the meaning.

Jonathan Swan 9 hours ago
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Trump will announce new anti-China tariffs tomorrow

President Donald Trump
Photo: Kevin Dietsch-Pool/Getty Images

President Trump plans to unveil his aggressive package of tariffs against China tomorrow, with a charge led by U.S. Trade Representative Robert Lighthizer that will use Section 301 of the Trade Act of 1974 to target Beijing. Two sources with direct knowledge tell me Kevin Hassett has been crunching the numbers, and the dollar value of the tariffs will likely be around $50 billion per year — or slightly less. The administration has used an algorithm to select a batch of Chinese products and then apply tariff rates to those products in a way that will hopefully limit the harm to American consumers. 

The big picture: This essentially means they'll pick a batch of Chinese products and then apply tariff rates to those products such that the total value will be a little under $50 billion. 

Axios 9 hours ago
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Fed raises rates, says economy getting stronger

Federal Reserve Chairman Jerome Powell.
Federal Reserve Chairman Jerome Powell. Photo: Alex Wong/Getty Images

The Federal Reserve today raised interest rates a quarter-point, as expected, and forecast more interest rate hikes over the next two years because of the improving economic outlook.

Why it matters: The recent tax law and budget deal helped boost the Fed's economic outlook, the Wall Street Journal reports, but also led to warnings about inflation which is "expected to move up in the coming months," according to the Fed's statement.