Economic News
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Retail sales unchanged in April from March as inflation and higher interest rates curb spending
Retail sales unchanged in April from March as inflation and higher interest rates curb spending
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US inflation eased in April in the first slowdown of 2024
US inflation eased in April in the first slowdown of 2024
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Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation update
Asian stocks have advanced after equities rose on Wall Street, with the Nasdaq composite hitting a record high
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Walmart lays off hundreds of employees and requires others to relocate
Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant's campus offices and said it will be requiring most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to office hubs in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area
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Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
Government data in Argentina says the country’s monthly inflation rate has eased sharply to a single-digit rate in April for the first time in half a year
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Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum — and snipes at Trump
President Joe Biden says in defending his new tariffs on Chinese products that China's government subsidies ensure its companies don’t have to turn a profit, giving them an unfair advantage in global trade
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New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices
New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers
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Red Lobster closes dozens of locations across the US just months after 'endless shrimp' losses
Dozens of Red Lobster locations across the U.S. are now on the chopping block
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Argentina's inflation drops to 1st single-digit rate in 6 months, a triumph for President Milei not felt on the streets
Argentina's inflation drops to 1st single-digit rate in 6 months, a triumph for President Milei not felt on the streets
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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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