Economic News
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Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
Wall Street rallied following encouraging reports on inflation and on strong profits at 3M and other big U.S. companies
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Airline catering workers threaten to strike as soon as next week without agreement on new contract
Airline catering workers are threatening to go on strike next week if they don't get pay raises and better health insurance
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Harris will carry Biden's economic record into the election. She hopes to turn it into an asset
A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do
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Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September
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Russia's Central Bank hikes interest rate as inflation soars
Russia’s Central Bank has raised its key lending rate to the highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow’s military action in Ukraine
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Fed's preferred inflation gauge cools further, adding to likelihood of a September rate cut
Fed's preferred inflation gauge cools further, adding to likelihood of a September rate cut
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Sri Lanka will hold presidential election on Sept. 21, its first since declaring bankruptcy in 2022
Sri Lanka will hold a presidential election on Sept. 21 that will likely be a test of confidence in President Ranil Wickremesinghe’s efforts to resolve the country’s worst economic crisis
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Workers at GM seat supplier in Missouri reach tentative agreement, end strike
The union representing workers at Lear Corp.’s Missouri plant that makes seats for General Motors vehicles says it has reached a tentative agreement with the company, ending a strike that was in its fourth day
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Workers go on strike at five-star Paris hotel where IOC members are staying for Olympics
Workers have gone on strike at the five-star hotel in Paris where members of the International Olympic Committee are staying
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Senate committee votes to investigate Steward Health Care bankruptcy and subpoena its CEO
A Senate committee has voted to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s CEO
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