Economy

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Shipping rebounds in Strait of Hormuz one week after U.S.-Iran deal – but fragile confidence threatens recovery

Shipping rebounds in Strait of Hormuz one week after U.S.-Iran...

Shipping traffic through the strategically vital Strait of Hormuz is recovering...

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UN agency pauses Hormuz ship evacuation plan after first vessel attack under peace deal

UN agency pauses Hormuz ship evacuation plan after first...

The pause follows a container ship being struck near the coast of Oman on Thursday,...

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Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy

Long-term unemployment is surging in the U.S. There are...

Long-term unemployment can have ramifications on financial, emotional and family...

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The May jobs report will be released Friday. Here's what to expect

The May jobs report will be released Friday. Here's what...

The stronger-than-expected start this year for job creation could be in for a reality...

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Three Iranian tankers exit U.S. blockade for first time in months as shipowners eye Hormuz in 'wary disbelief'

Three Iranian tankers exit U.S. blockade for first time...

At least three Iranian tankers carrying nearly five million barrels of crude oil...

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UK inflation holds steady at 2.8% in May

UK inflation holds steady at 2.8% in May

The Bank of England is due to update its monetary policy on Thursday.

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Here are the five big takeaways from Kevin Warsh's first meeting as Fed chairman

Here are the five big takeaways from Kevin Warsh's first...

The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on...

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Bank of England holds interest rates at 3.75% amid Iran war peace prospects

Bank of England holds interest rates at 3.75% amid Iran...

The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.

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Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

Core inflation rate hit 3.4% in May, highest since October...

The personal consumption expenditures price index was expected to show a 4.1% annual...

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Trump pledges rapid U.S. response for Venezuela after historic earthquakes kill dozens

Trump pledges rapid U.S. response for Venezuela after historic...

The swift U.S. offer of assistance reflects a degree of diplomatic realignment between...

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Iran declares new Hormuz route 'unacceptable and dangerous,' warns against ships transiting without approval

Iran declares new Hormuz route 'unacceptable and dangerous,'...

The stern warning underscores Tehran's resolve to retain control over the Strait...

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Inflation hits 3.2% in the euro zone as Iran war pushes energy costs higher

Inflation hits 3.2% in the euro zone as Iran war pushes...

Energy costs in the region surged by an annual rate of 10.9% in May.

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Job openings in April surged to 7.6 million, the highest in nearly two years

Job openings in April surged to 7.6 million, the highest...

The Bureau of Labor Statistics reported that available employment hit 7.6 million...

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U.S., Iran intensify attacks as ceasefire frays, peace talks stall

U.S., Iran intensify attacks as ceasefire frays, peace...

Iran's IRGC reportedly denied responsibility for the Kuwait airport attack, the...

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U.S. proposes fresh tariffs on 60 economies over forced labor trade practices

U.S. proposes fresh tariffs on 60 economies over forced...

USTR has proposed a 10% duty rate for economies that have adopted a full or partial...

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Private payrolls grew by 122,000 in May, stronger than expected, ADP reports

Private payrolls grew by 122,000 in May, stronger than...

Unlike prior months, where job growth was concentrated in healthcare and a few other...