Economic News
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Stock market today: Stocks edge higher on Wall Street, adding to gains for May
Stocks edged higher on Wall Street, putting the market a bit closer to the record high it set in late March
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Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum — adding to tensions with Beijing
The Chinese foreign ministry is lashing out at the Biden administration's plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment
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Wholesale price increases accelerated in April as inflation remains sticky
U.S. wholesale prices rose sharply last month, a sign that stubbornly high inflation may persist after three elevated readings in consumer prices to start the year
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Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed start to spring
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Congress is sending families less help for day care costs. So states are stepping in
Child care has long been expensive for families, hard to find and financially precarious for day care owners and workers
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Xi's visit to Hungary and Serbia brings new Chinese investment and deeper ties to Europe's doorstep
Most countries in the European Union are making efforts to “de-risk” their economies from perceived threats posed by China
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Stock market today: Asian shares mixed in muted trading after Wall Street barely budges
Asian shares are mixed in muted trading after U.S. stock indexes were little changed
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Major agricultural firm sues California over farmworker unionization law
One of California's most influential agricultural companies has filed a lawsuit against the state to stop a contentious law that was meant to make it easier for farmworkers to unionize
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Argentina will get next installment of bailout as IMF praises Milei's austerity policies
The International Monetary Fund, Argentina’s biggest creditor, has agreed to release the next tranche of loans due under a bailout program
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Are US interest rates high enough to beat inflation? The Fed will take its time to find out
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year
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