Economic News
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China's economy grew 5.3% in first quarter, beating expectations, though weak spots remain
China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness persisted
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Stock market today: Asian shares track Wall Street slump triggered by strong US spending data
Asian shares have skidded following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks
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China's economy grew at 5.3% in the first quarter, beating estimates with help from policies and better demand
China's economy grew at 5.3% in the first quarter, beating estimates with help from policies and better demand
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New rules for Pregnant Workers Fairness Act include divisive accommodations for abortion
Workers are entitled to time off and other job accommodations for abortions under the Pregnant Workers Fairness Act, according to finalized federal regulations published Monday
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Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday
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Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges
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Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Global smartphone shipments rose nearly 8% in the first quarter, according to preliminary data from International Data Corp. It’s the third straight quarter of shipment growth and marks the return of Samsung to the No. 1 spot
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Stock market today: Wall Street falls sharply to close out its worst week since October
U.S. stocks fell sharply following a mixed start to earnings reporting season
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Big banks warn of uncertain year ahead after mixed financial performances in the first quarter
Big banks warned of an uncertain year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere
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US consumer sentiment falls slightly as outlook for inflation worsens
Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year
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