Economic News
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Tech stocks lead a rally on Wall Street as bond yields ease some more
Stocks rose on Wall Street as bond yields eased further and a rally in big technology companies helped the market recoup its losses from earlier in the week
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Volkswagen board approves cutting 50,000 more jobs and ending production at 4 plants
Volkswagen’s board has approved a major cost-cutting plan to counter low-cost competition in China and U.S. tariffs
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Will Federal Reserve hike rates later this month? Waller muddies the outlook
Federal Reserve governor Christopher Waller says that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not
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Average rate on a 30-year mortgage climbs to highest level in 13 months
Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year
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Proud of their oil, Venezuelans view US stake in their reserves as a surrender
Many Venezuelans see the deal giving the United States control of roughly one-fifth of their country's oil reserves as a surrender
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Unemployment claims tick up to 206,000 but remain at historically low levels
More Americans filed for unemployment benefits last week, but layoffs are still rare and jobless claims remain at historically low levels
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Italy weighs the results as Giorgia Meloni’s government sets a longevity record
Premier Giorgia Meloni’s conservative administration became Italy’s longest-serving uninterrupted government since World War II at 1,413 days on Thursday
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Iran fires on its Gulf neighbors, retaliating for US strikes after a wedding was hit
Iranian attacks have targeted U.S. allies across the Gulf as renewed fighting with the United States ended a monthlong lull
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Graham Platner no longer scheduled to speak at Labor Day rally
Former Democratic Senate nominee Graham Platner is no longer set to speak at a Labor Day rally when he makes his first major public appearance since ending his campaign against Republican Sen. Susan Collins of Maine
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Wall Street rises as tech stocks climb and oil prices, bond yields hold relatively steady
Stocks rose on Wall Street as gains by big technology companies and relatively steady oil prices and bond yields helped boost the market after a downbeat start to the week
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