Economic News
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Carney and Marcos deepen Canada-Philippines ties as Ottawa looks beyond US trade
Canadian Prime Minister Mark Carney welcomed Philippine President Ferdinand Marcos Jr. to Canada for the first visit by a Philippine leader in more than a decade as the two countries deepen economic and security ties
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The Dow hits a record as most of Wall Street rises, but slumping AI stocks keep indexes mixed
Most U.S. stocks rose, and the Dow Jones Industrial Average set another record, but more drops for chip stocks and other AI winners kept indexes mixed
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US employers still reluctant to add many jobs as hiring slows in June
U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook
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Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers
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Top FBI agent in Chicago abruptly leaving post after being pushed to retire, AP sources say
The head of the FBI’s Chicago field office is abruptly leaving his position
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Merz unveils sweeping reform push for Germany: Tax cuts, pension overhaul and new sick leave rules
German Chancellor Friedrich Merz and his coalition partners have introduced a reform package to revive Germany’s sluggish economy
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U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels
U.S. applications for jobless aid inched down last week as layoffs remain at historically healthy levels
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U.S. filings for jobless aid fell to 215,000 last week as layoffs remain at historically healthy levels
U.S. filings for jobless aid fell to 215,000 last week as layoffs remain at historically healthy levels
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Alibaba to pay $600M to settle allegations it allowed illegal drug and equipment sales
Alibaba has agreed to pay $600 million to settle a dispute with the U.S. government
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The US, Canada and Mexico begin bumpy negotiations to renew North American trade pact
The North American trade pact that President Donald Trump negotiated and boasted about in his first term is up for renewal
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