Economic News
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US consumer sentiment drops to 6-month low on inflation, unemployment fears
Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise
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Biden White House highlights a coming showdown with GOP over 2017 tax cuts that are due to expire
The Biden White House wants voters to know about its differences with Republicans over taxes
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Mock coffins fill a square in Milan in a protest over workplace safety in Italy
Mock coffins have filled one of Milan’s most famous squares in a protest organized by Italy’s second-largest union to raise awareness over workplace deaths
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Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers
Homeowners have been spending more for renovations in recent years, as high interest rates and inflation drove up costs for everything from flooring to refrigerators
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European companies are less upbeat about China's vast market as its economy slows
An annual survey of more than 500 European companies has found that slowing growth in China is weighing on company plans to expand their businesses in the world’s second largest economy
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British economy rebounds strongly in first quarter of the year, ending 'technical recession'
The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession.”
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Stock market today: Asian shares are mixed after Wall St rally takes S&P 500 near record
Stocks in Asia are mixed after a rally on Wall Street that pulled the S&P 500 back within 1% of its record
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Union push pits the United Farm Workers against a major California agricultural business
A battle is underway in California between a unit of the Wonderful Co. and United Farm Workers over how a group of workers organized under a recently-enacted labor law
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Activist investor wins 3 Norfolk Southern board seats but won’t have control to fire CEO
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted to elect three of the board members an activist investor nominated
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Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households
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