Tag: Breaking News: Economy
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Factory job cuts in June neared financial crisis and Covid levels, S&P says
Though the firm’s manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
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U.S. issues sweeping Iran oil sanctions waivers, unlocking billions in revenue for Tehran
The U.S. issued a sweeping rollback of sanctions on Iranian oil, offering Tehran an economic lifeline as negotiations toward a peace deal proceed.
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Stocks making the biggest moves midday: Alphabet, AeroVironment, Salesforce, Apogee Therapeutics & more
Here are some of the companies making headlines in midday trading.
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U.S., Iran agree on roadmap for final deal and plan to end military operations in Lebanon
The talks were the first round of negotiations under a memorandum of understanding signed last week, which extended a tenuous ceasefire by 60 days.
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Raising the minimum wage has been a big political winner. Now it’s running into resistance
Raising the minimum wage has been a progressive policy winner at the ballot box, but recent losses suggest an economic mood slowing its political momentum.
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‘Regime change but in a velvet glove’: How Kevin Warsh has set out to remake the Fed
The first big announced changes point toward a quiet revolution, with task forces set up to rethink virtually everything done at the Fed.
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The budget airline model in the U.S. is running out of runway
Spirit’s bankruptcy as United and Delta fly high suggests there’s more to success in airline industry than low fares, and failure isn’t about jet fuel spikes.
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AI buildout gives tech investors new reasons to watch bond market
Tech giants are depleting cash reserves and raising debt in their ambitious data center buildouts, a dynamic that’s forcing investors to watch interest rates.
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Struggling to find a job? Try looking in Nevada
The sparsely populated state known for its world-class casinos and dry climate has been a hiring hot spot.
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Trump claims Iran deal is ‘unconditional surrender,’ says his power has ‘no limits’: Axios
Trump said in an interview with Axios on Thursday evening stateside that he negotiated the deal to prevent the conflict from triggering a global depression.
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