Money News
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Stocks rally, driving Wall Street to a rare winning week
Stocks rallied on Wall Street Friday, sending the S&P 500 up 3.1% for its best gain in two years
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Solidarity behind Ukraine's Russia fight atop summit agendas
Back-to-back world leader summits in Europe opening this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia’s invasion and overcoming Turkey’s opposition to NATO membership for Finland and Sweden
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Airport chaos: European travel runs into pandemic cutbacks
After two years of pandemic restrictions, travel demand is back, but airlines and airports that slashed jobs during the depths of the COVID-19 crisis are struggling to keep up
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Asian shares gain, tracking Wall Street advance
Shares are higher in Asia, tracking gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses
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All big US banks pass Fed's annual 'stress tests'
The nation’s 3 biggest banks have enough capital to withstand a severe economic contraction
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Powell: Fed must convince public it can tame inflation
As if their job weren’t hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession
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Asian stocks mixed after Wall St declines on growth worries
Asian stock markets are mixed after Wall Street edged lower amid fears higher interest rates will chill global economic activity
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Powell: Fed aims to avoid recession but says it's possible
Federal Reserve Chair Jerome Powell sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession
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UK inflation rate hits new 40-year high of 9.1%
Britain’s inflation rate hit 9.1% in May, a new 40-year high and up slightly from the previous month
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South Korea hits dozens with travel bans amid crypto probe
South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company’s cryptocurrency that devastated traders around the world
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