Business News
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Microsoft's best day since 2008 leads US stocks, while inflation worries remain in the bond market
A monster day for Microsoft following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street, while AI stocks regained some of their sharp recent losses
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Coal mine blast in Pakistan kills at least 18 miners and traps 24 others
An explosion inside a coal mine in southwest Pakistan has killed at least 18 miners and trapped 24 others
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Some robotaxis approved to operate without steering wheels and losing the brake pedal could be next
Federal regulators are clearing the way for robotaxis to operate without steering wheels or eventually even brake pedals
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Average 30-year US mortgage rate rises to highest level in a year at 6.66%
The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a year, another setback for prospective homebuyers hoping for a break from elevated home loan borrowing costs
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US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose last week but layoffs remain in the historically healthy range of the past few years
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Between prices and a diarrhea-causing parasite, lettuce is causing hard times at some restaurants
It’s been a choppy year for restaurants that lean into lettuce
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US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict
The United States and Iran each fired barrages of missiles as the pattern of back-and-forth strikes took hold again and hope dimmed for a quick end to the five-month conflict
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The average rate on a 30-year mortgage hits the highest level in a year, Freddie Mac says, after climbing to 6.66%
The average rate on a 30-year mortgage hits the highest level in a year, Freddie Mac says, after climbing to 6.66%
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Investigation revealed 'devastating' reports of sexual misconduct at school supported by Epstein
An investigation has turned up allegations of sexual misconduct against nearly 50 people who were formerly affiliated with a prestigious Michigan fine arts school
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US economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly high
The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth
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