Economy

The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday in a slight upgrade from its initial estimate. The…
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The European Union fined Meta a record $1.3 billion on Monday and ordered it to stop transferring user data across the Atlantic by October, the latest salvo in a decadelong case sparked by U.S. digital snooping fears. The privacy fine of…
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U.S. President Joe Biden said Sunday that opposition Republicans in the House of Representatives must move away from their “extreme position” on government spending in order to reach a deal with Democrats to raise the country’s borrowing…
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U.S. President Joe Biden said Sunday that opposition Republicans in the House of Representatives must move away from their “extreme position” on government spending in order to reach a deal with Democrats to raise the country’s borrowing…
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The United Nations and Turkey have negotiated a two-month extension to an agreement allowing Ukraine farmers to continue to export of millions of tons of grain. That’s good news for Dutch farmer Kees Huizinga, who has been farming in…
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Fewer Americans applied for jobless benefits last week after a previous spike that some took as a sign that higher interest rates were finally cooling the labor market. Applications for jobless claims for the week ending May 6 fell by…
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President Joe Biden on Wednesday sought to assure Americans that the U.S. would not default on its debts as the White House and top congressional leaders conducted tense, protracted budget negotiations in which Republicans were seeking…
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Zimbabwe's central bank on May 8 launched a gold-backed digital currency it hopes will reduce the demand for US dollars and the devaluation of the Zimbabwe dollar.  But analysts say the government-controlled foreign-exchange market is…
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U.S. President Joe Biden, House Speaker Kevin McCarthy and other top congressional leaders appeared no closer Tuesday to a deal aimed at reaching agreement on raising the country’s debt ceiling so the government can borrow more to pay its…
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U.S. President Joe Biden, House Speaker Kevin McCarthy and other top congressional leaders are meeting Tuesday at the White House in a new effort to reach agreement on raising the country's debt ceiling so the government can borrow more to…
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