Economic News
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Psychedelic therapy and workers' rights bills fail to advance in California's tough budget year
California lawmakers on Thursday voted to keep hundreds of bills from advancing for a floor vote during a tough budget year
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Justice Dept. makes arrests in North Korean identity theft scheme involving thousands of IT workers
The Justice Department has announced multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its weapons program
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UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
The United Nations is reporting improved economic prospects since its January forecast for the global economy, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia
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Key Boeing supplier Spirit AeroSystems is laying off 450 after production of troubled 737s slows
A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers
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Census Bureau estimates: Detroit population rises after decades of decline, South dominates growth
U.S. Census Bureau estimates show America's Northeast and Midwest cities are rebounding slightly from years of population drops, highlighted by modest growth in Detroit after decades of declines
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Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue
Walmart is reporting another quarter of strong results as its low prices pull in shoppers scouring for discounts with inflation stubbornly high
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US applications for jobless benefits come back down after last week's 9-month high
Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced
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Stock market today: Asian shares advance after another round of Wall St records
Asian shares are higher after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction
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U.S. stocks rally to records after encouraging data on inflation as S&P 500, Dow and Nasdaq composite set all-time highs
U.S. stocks rally to records after encouraging data on inflation as S&P 500, Dow and Nasdaq composite set all-time highs
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US inflation eased last month in the first slowdown of 2024
Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team
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