Economic News
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US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high
The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years
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Chinese automaker BYD slams reports of poor conditions at a factory site in Brazil
A spokesperson for Chinese automaker BYD has objected to reports about poor conditions at a construction site in Brazil where it is building a factory, saying the allegations were aimed at “smearing” China and Chinese brands
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Turkey's soaring costs are creating a 'lost generation' of kids forced to help their families get by
One-third of Turkey's children live in poverty, with many forced to work to support their struggling families
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San Francisco hotel workers near the end of a 3-month strike
The last group of striking hotel workers in San Francisco has reached a tentative agreement for a new contract with Hilton, bringing an end to a strike that has lasted three months
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Survey: Small businesses are feeling more optimistic about the economy after the election
A survey shows small business owners are feeling more optimistic about the economy following the election
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Starbucks strike expands, closes nearly 60 US stores
A five-day strike by Starbucks baristas had closed at least 59 stores as of Monday afternoon, according to the union organizing the workers
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American consumers feeling less confident in December, Conference Board says
American consumers are feeling less confident in December, a business research group says
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The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection
The Container Store has filed for bankruptcy protection, as the storage and organizational goods retailer with roots dating back to 1978 grapples with mounting losses and cash flow shortages
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An analyst looks ahead to how the US economy might fare under Trump
President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally
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Amazon and Starbucks workers are on strike. Trump might have something to do with it
Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract
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