Economic News
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EPA bans consumer use of a toxic chemical widely used as a paint stripper but known to cause cancer
The Environmental Protection Agency has finalized a ban on consumer uses of methylene chloride, a chemical widely used as a paint stripper but known to cause liver cancer and other health problems
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Workers' paychecks grew faster in the first quarter, a possible concern for the Fed
Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve
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Lilly rides Mounjaro, Zepbound to better-than-expected 1Q profit despite supply issues
Rapidly climbing sales of the new obesity drug Zepbound and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first-quarter profit
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Lottery bids for skilled-worker visas plunge in the US after changes aimed at fraud and abuse
Authorities say lottery bids for highly educated worker visas plunged nearly 40% this year
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Walmart launches store-label food brand as it seeks to appeal to younger shoppers
Walmart is launching its biggest store-label food brand in 20 years in terms of the breadth of items
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Confidence of US consumers continues to decline as Americans worry about the future
U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures
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Poland is still not ready to adopt the euro, its finance minister says
Twenty years after Poland joined the European Union, its finance minister says the country is still not ready to adopt the euro currency
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Japan's currency falls to its weakest since 1990 against the dollar as the yen keeps yelping
The value of Japan’s currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1
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A second new nuclear reactor is completed in Georgia. The carbon-free power comes at a high price
The second of two new nuclear reactors in Georgia has entered commercial operation
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Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
Older Americans are fueling a sustained boost to the U.S. economy
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