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U.S. to send 15th military package to Ukraine, bringing total aid in Russia war to $7 billion
US military personnel stand by a M142 High Mobility Artillery Rocket System (HIMARS) during Saudi Arabias first World Defense Show, north of the capital Riyadh, on March 6, 2022. Fayez Nureldine | Afp | Getty Images WASHINGTON — The Biden administration is set to send its 15th security assistance package to Ukraine, bringing the tally of […]
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Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears
Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones estimate and continuing what has been a strong year for job growth, according to data […]
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Ukraine says retaking of Snake Island shows Kyiv ‘cannot be broken’; Russia hits out at West at G-20
Zelenskyy says retaking of Snake Island shows Ukraine ‘cannot be broken’ Moscow said Russian troops withdrew from Snake Island (pictured here in an image released by the military governor of Odesa) last week as a “goodwill gesture.” Ukraine, however, said Russian forces hastily evacuated after successful military action. Odessa Military Governor | Anadolu Agency | […]
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Stocks making the biggest moves midday: GameStop, Virgin Galactic, Bed Bath & Beyond and more
Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Check out the companies making headlines in midday trading. GameStop — Shares of the video game retailer jumped 15.1% after the company said a 4-for-1 stock split was approved by its board. A stock […]
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Fed officials Waller and Bullard back another big interest rate increase in July
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy, according to statements Thursday from two policymakers. Fed Governor Christopher Waller left little […]
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Goldman slashes GDP forecast for the second quarter to just barely above water
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Amid heightened concerns that a recession is looming, Goldman Sachs economists expect that the U.S. economy barely grew in the second quarter. The […]
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Russia says the West risks the ‘wrath’ of God if it punishes Moscow over the war; heavy weapons start to have an impact
Humanity at risk if the West seeks to punish Russia over Ukraine, official warns Former President Dmitry Medvedev said on Telegram on Wednesday that he thought it was a “crazy” idea “to create tribunals or courts for the so-called investigation of Russia’s actions” in Ukraine. Ekaterina Shtukina | Sputnik | Reuters A top Russian official […]
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Fed sees ‘more restrictive’ policy as likely if inflation fails to come down, minutes say
Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. Members said the July meeting likely also would see another 50- or 75-basis point move. A basis point is one one-hundredth of […]
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Russia takes steps toward mobilizing economy for war; air alerts cover almost the whole of Ukraine
The battle for Sloviansk is fast approaching, UK says A market in Sloviansk was struck on July 5, 2022, following a suspected missile attack amid the Russian invasion of Ukraine. Miguel Medina | AFP | Getty Images Britain’s Ministry of Defense said a battle for the major city of Sloviansk on the front line in […]
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S&P 500 futures are little changed after a late day rally and ahead of Fed minutes
Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE U.S. equities futures were flat Tuesday night after the market staged a big midday reversal, with falling bond yields giving a boost to growth stocks, and ahead of a batch of economic data. Futures tied to the Dow Jones Industrial […]
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