Economic News
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Unemployment benefit claims dipped slightly last week as layoffs remain low
The number of people applying for U.S. unemployment benefits fell slightly last week as layoffs remain low and most American workers enjoy job security
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EU sends envoy to Beijing as rising exports from China raise economic anxiety
The European Union is bracing for a confrontation with China as a trade deficit exceeding $1 billion a day heightens anxiety over potential job losses and pushes the bloc’s political leaders to take a more aggressive approach toward its second-largest trading partner
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Workers who said they were exploited while building US consulate in Milan agree to record payout
Foreign workers building the new U.S. consulate in Milan have signed agreements securing payouts for alleged labor abuses
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Fed minutes: Another rate hike likely coming this year to combat persistent inflation
Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the central bank’s most recent meeting showed
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IMF chief urges countries to do more to curb debt and regulate AI
The head of the International Monetary Fund says countries both rich and poor must take faster action to cut debt and counter growing inequality as their economies weather a triple whammy from the AI boom and shocks from wars in the Middle East and Ukraine
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Trump highlights a big new defense project in Maryland, a blue state whose governor didn't attend
President Donald Trump traveled to the Baltimore area to highlight a $3.7 billion investment by Anduril to build components for nuclear-powered submarines at a shipyard
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One income, two retirements: How couples can protect their future
Single-earner families should look beyond today’s budget and consider retirement savings, emergency funding, workforce reentry, and future Social Security benefits
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A gut punch in Ohio: Nearly 1,400 laid off at truck factory just days before Trump rally
President Donald Trump rallied Republicans in the Dayton, Ohio, area on Saturday
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America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year high
U.S. employers added a disappointing 29,000 jobs and the unemployment rate ticked up last month, the government reported Friday
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Wall Street week ahead: Fed minutes, unemployment data, consumer sentiment update
Wall Street has a busy week ahead with a mix of economic updates and details about the Federal Reserve’s decision to raise interest rates at its last meeting
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