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Frank Olson, Executive Who Linked O.J. Simpson With Hertz, Dies at 91

He negotiated Mr. Simpson’s star turn in commercials, tapping into his football fame, and formed a social bond with him — until there were murder charges. They died on the same day.

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Why did all the Little Chefs disappear?

At its height, Little Chef had 439 restaurants across the UK but just two decades later they were all gone.

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Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results

Citigroup posted first-quarter revenue that topped estimates, helped by better-than-expected results in the bank's investment banking and trading operations.

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JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income

JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected.

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StubHub eyes summer IPO, seeks $16.5 billion valuation

StubHub is eyeing a summer initial public offering and the online ticketing service is aiming for a valuation of at least $16.5 billion.

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Dimon Warns of ‘Unsettling’ Pressures That Could Weigh on JPMorgan Earnings

Warnings from the chief executive of the nation’s largest bank have been consistently at odds with heady financial markets.

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That Giant College ‘Sticker’ Price Isn’t What Most Students Pay

The share of those paying the full advertised cost has declined over the last couple of decades, a new report found. Yet many don’t understand how much they’ll really pay.

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Robert MacNeil, Earnest News Anchor for PBS, Dies at 93

With his longtime co-host Jim Lehrer, he delivered thoughtful reports that stood in stark contrast to the commercial networks’ ever more sensational newscasts.

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Stocks Suffer Sharpest Weekly Decline of 2024

Investors had been put on edge by a stronger-than-expected inflation report earlier in the week. Rising tension in the Middle East heading into the weekend gave them another reason to retreat.

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Roberto Cavalli, Fashion Designer Who Celebrated Excess, Dies at 83

From the mid-1990s onward he was one of the biggest names in fashion, with stores around the world and celebrity admirers like Lenny Kravitz and Cindy Crawford.

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Bank of England Will Overhaul Its Forecasting After Inflation Surprises

The review, which was led by Ben S. Bernanke, a former Federal Reserve chair, came after the central bank had been criticized for underestimating inflation.

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Richard Leibner, Agent for Top Broadcast Journalists, Dies at 85

His negotiations led to Dan Rather’s elevation from “60 Minutes” to anchor of the “CBS Evening News” and sent Diane Sawyer from “60 Minutes” to ABC.

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Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again

Nike CEO John Donahoe acknowledged that the brand went too far when it iced out wholesalers like Macy's and DSW in favor of its own stores and website.

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Nike CEO blames remote work for innovation slowdown, saying it's hard to build disruptive products on Zoom

Nike CEO John Donahoe blamed remote work for the company falling behind on innovation, saying it's tough to build disruptive products on Zoom.

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Ghost Kitchens Are Disappearing, Squeezed by Demand and Complaints

Delivery-only operations boomed during the pandemic. Now Wendy’s, Kroger’s and mom-and-pop food businesses are rethinking their operations.

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Risk of no food or drink on some Gatwick flights

No food or drink will be available on some Gatwick flights during strikes by catering contractors.

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EU probe of weight loss and diabetes drugs like Wegovy, Ozempic finds no link to suicidal thoughts

The review examined several drugs from Novo Nordisk, including Wegovy, Ozempic, Rybelsus, and Saxenda, but did not include Eli Lilly's Zepbound and Mounjaro.

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China trade: 5 takeaways from March data as exports tumbled, but ‘reasonable story about external demand’ appears

China’s export growth fell more than expected in March, but a recovery of overseas markets is expected, while imports also declined last month.

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Tell Us: Has Elon Musk’s Behavior Affected How You View Tesla?

Mr. Musk, the chief executive of Tesla, has turned off many people with polarizing remarks on social media, and it may be affecting the automaker’s sales.

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Overlooked No More: Lizzie Magie, the Unknown Inventor Behind Monopoly

Magie’s creation, The Landlord’s Game, inspired the spinoff we know today. But credit for the idea long went to someone else.

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National Academy Asks Court to Strip Sackler Name From Endowment

Millions in Sackler donations sat dormant, rising in value as the opioid epidemic raged and as other institutions distanced themselves from the makers of a notorious painkiller.

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China’s world-leading patent applications being sped up, scrutinised to boost key industries

Innovation is increasingly coming under the spotlight amid Beijing’s push for tech self-reliance, but criticisms persist that quantity is being emphasised over quality in the pursuit of patents.

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Ex-Post Office boss regrets 'subbies with their hand in the till' email

Alan Cook said he would "regret for life" sending the email about sub-postmasters who were wrongly convicted of theft.

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Denver-Boulder area stakes a claim in space with a burgeoning aerospace industry

The area boasts easy access to industry partnerships as well as Colorado's robust military presence.

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'Serious deficiencies' in Bank's economy forecasts

Under-investment had led to a "complicated and unwieldy system" being used, a review has found.

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Trump or Biden? The Stock Market Doesn’t Care.

Prediction markets say former President Donald J. Trump has a good chance of winning. So far, the stock market is fine with that.

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NIL-era college athletes navigate new realm of financial literacy

"All of the issues that pro athletes have dealt with for years are now going downstream," said former NFL player Brandon Copeland.

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Spotlight, BMW’s China venture, to assemble EVs including Mini cars for consumers worldwide

Spotlight Automotive, BMW’s 50-50 EV venture with mainland Chinese partner Great Wall Motor, is designing new models that it hopes to sell globally.

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Inflation Comes for the Housing Market

Prices and mortgage rates are climbing as Wall Street bets that interest rates will remain higher for longer.

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China overtakes Germany in some exports, raising trade profile and EU eyebrows ahead of Scholz visit

A recent report has found China has overtaken Germany in terms of certain exports, an elevation of status for the Asian juggernaut but a potential source of tension for already fraught bilateral relations.

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Firms warned to hold cash back for motor finance probe

The financial watchdog has warned firms to ensure they have enough money for potential compensation.

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Immigrants in Maine Are Filling a Labor Gap. It May Be a Prelude for the U.S.

A wave of rapid immigration is taxing local resources around the country and drawing political ire. But it might leave America’s economy better off.

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China’s stock market: Beijing issues unprecedented guidelines calling for transparency, risk-management

A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.

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GDP rises in February increasing hopes UK is out of recession

The economy grew by 0.1%, official figures show, with the production sector providing the biggest boost.

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‘Brandy Hellville’ Documentary Is a New Twist on Exposés About Cults

The film examines the retailer’s tactics and is surprisingly similar to exposés about cults.

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Biden’s Plan B on Inflation: Turn It Against Trump

Price pressures aren’t easing fast enough to guarantee the interest-rate cuts the president hoped to see by November, so his message is evolving.

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Despite the Watch World’s Secrecy, Data Services Expand

Swiss brands and retailers now have a few options to determine what’s happening with the industry. Just a couple of years ago, they had almost none.

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Tips on How to Plan an Accessible Road Trip

If you have a disability, you’ll want to review route planning, lodging options, food requirements and finding the right rental vehicle.

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China trade: exports tumble in March, but ‘robust growth’ on the horizon as overseas demand recovers

China’s exports in March were dragged down by a higher base in the same period last year, but a strong recovery in demand in overseas markets is set to lead to ‘robust export growth’ this year, analysts said.

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China food security: grain reigns supreme as higher yields sought from limited land

China has set a goal for higher grain yields by 2030 – a necessity only likely to grow more acute as its stock of arable land has stagnated and the global food market has become more volatile.

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Biden urged to ban China-made electric vehicles

Senate Banking Committee chair called Chinese EVs an "existential threat" to the US motor industry.

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The $2bn dirty-money case that rocked Singapore

The sensational case saw 10 Chinese nationals charged for laundering profits from illegal businesses.

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Europe’s A.I. ‘Champion’ Sets Sights on Tech Giants in U.S.

Mistral, a French start-up considered a promising challenger to OpenAI and Google, is getting support from European leaders who want to protect the region’s culture and politics.

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Ohtani translator accused of stealing $16 million from Dodgers star

Ippei Mizuhara has been the subject of an investigation surrounding millions of dollars in wire transfers from Ohtani's bank account.

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NPR in Turmoil After It Is Accused of Liberal Bias

An essay from an editor at the broadcaster has generated a firestorm of criticism about the network on social media, especially among conservatives.

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AI Is Poised to Replace the Entry-Level Grunt Work of a Wall Street Career

Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance.

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UK food production at threat after extreme flooding

Record-breaking rainfall leaves fields under water, threatening this year's harvest yield and quality.

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Share Your Story About the Organ Transplant System

We want to hear from doctors, nurses, technicians, patients and others with experience in the system. Tell us your experiences below.

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Government should counter misinformation on TikTok - MPs

A committee says the government should be more relatable in its communications with the public.

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Prosecutors Say Shohei Ohtani’s Interpreter Stole $16 Million From Star

The interpreter, Ippei Mizuhara, was charged with bank fraud, after prosecutors said he stole money to pay his gambling debts.

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China GDP: what is needed to achieve the ‘very challenging’ 5% economic growth goal for 2024?

Beijing has defended China’s ambitious goal of growing the economy by ‘around 5 per cent’ this year, insisting it matches the potential for economic growth, but analysts say there are still issues to be addressed.

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Healthy Returns: J&J cell therapy gains new edge over Bristol Myers rival

J&J's cell therapy is now approved for an earlier line of treatment than a competing drug from Bristol Myers. Meanwhile, a look at Mount Sinai’s approach to AI.

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Ford prepares to resume F-150 Lightning shipments, drops prices on some models

The included models are expected to ship later this month for between $2,000 and $5,500 less than before the automaker halted shipments.

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Why car insurance costs are skyrocketing and leading to higher inflation

On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by an unadjusted 2.7%, pushing the year-over-year increase to 22.2%.

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O.J. Simpson, NFL Star Acquitted of Murder, Dies of Cancer at 76

He ran to football fame and made fortunes in movies. His trial for the murder of his former wife and her friend became an inflection point on race in America.

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Jackson Hinkle Rides Rage Over Israel to Prominence

Jackson Hinkle’s incendiary commentary has generated over two million new followers on X since October — a surge that some researchers say is aided by inauthentic accounts.

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Taylor Swift’s Music Returns to TikTok Despite Ongoing Dispute With UMG

Songs by the pop singer reappeared on TikTok despite the platform’s ongoing licensing dispute with Universal Music Group, which releases Swift’s music.

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European Central Bank Signals Coming Rate Cut, Setting Up Split With Fed

The bank held rates for the fifth consecutive time, but said confidence was growing that inflation would return to its target and it could ease its stance soon.

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What to expect from bank earnings as high interest rates pressure smaller players

JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.

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Vietnamese Real Estate Tycoon Sentenced to Death in $12 Billion Fraud Case

Truong My Lan received the death penalty as Vietnam’s Communist Party cracks down on corruption in the fast-growing Southeast Asian economic hub.

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Dish Soap to Help Build Planes? Boeing Signs Off on Supplier’s Method.

An F.A.A. audit found Spirit AeroSystems using Dawn soap and a hotel key card in the manufacturing process. The company says its techniques were inventive, not careless.

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Gold Bar Sales Are Surging at Costco. Why?

Costco may be selling up to $200 million worth of the bars each month, according to a Wells Fargo analysis. The bars sell out quickly, and customers are trading advice online about how to get them.

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Moderna halts plans to build Kenya vaccine plant as Covid shot demand plunges

Moderna's decision aligns with its broader effort to cut costs by resizing its Covid vaccine-manufacturing footprint.

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Global Stockpile of Cholera Vaccine Is Gone as Outbreaks Spread

One company is going to great lengths to build it up, but it will be years before it returns to the minimum level.

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Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.

Stubborn inflation and strong growth could keep the Federal Reserve wary about interest rate cuts, eager to avoid adding vim to the economy.

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Postmistress jailed while pregnant rejects ex-Post Office boss' apology

Seema Misra was pregnant when she was wrongly jailed after being prosecuted by the Post Office.

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China’s low inflation set to be ‘long-term phenomenon’: 4 takeaways from March’s data

China reported another low level of consumer inflation in March, while factory-gate prices fell for the 18th straight month.

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Regulator fears big tech firms' power in AI market

CMA points to "interconnected web" involving Google, Apple, Microsoft, Meta and Amazon.

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Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer

Halio's new role encompasses authority over the firm's more than $1.6 trillion balance sheet. She'll report to Chief Financial Officer Denis Coleman.

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Buffalo Wild Wings leans into Go takeout format as a third of sales move off premises

The chicken wing category saw its sales surge during the pandemic, and off-premise orders now account for a third of BWW's sales.

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USPS Proposes Another Stamp Price Increase

If a regulatory body approves, a nearly 8 percent rise in postage will take effect in July. It would be the latest of several price hikes since 2021.

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China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success

The municipal government of the city in eastern Jiangsu province unveiled a three-year plan to attract cross-border e-commerce projects.

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Lianjia, China’s largest real estate brokerage, opens Manner coffee shop in Shanghai outlet to brew up home transactions

Lianjia has teamed up with coffee chain operator Manner to open a cafe in one of its outlets in Shanghai, launching a crossover marketing campaign to drive transactions amid lack of homebuying interest.

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City University of Hong Kong calls for broader ESG reporting coverage, says all financial institutions licensed by SFC should submit emissions data

All financial institutions licensed by the SFC should be required to submit ESG reports for the development of a comprehensive ecosystem of sustainability disclosures, City University of Hong Kong says.

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Ohtani’s Former Interpreter Is Said to Be Negotiating a Guilty Plea

Ippei Mizuhara stands accused of covering his gambling debts by stealing millions of dollars from Shohei Ohtani’s bank account.

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Axios Sees A.I. Coming, and Shifts Its Strategy

“The premium for people who can tell you things you do not know will only grow in importance, and no machine will do that,” says Jim VandeHei, C.E.O. of Axios.

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The Odds for a Summertime Fed Rate Cut Are Dwindling

Hotter-than-expected inflation has upended bets on when the Fed will start lowering interest rates, and could complicate President Biden’s re-election bid.

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Is the Boom-and-Bust Business Cycle Dead?

There is a growing view that the U.S. business cycle has changed (for better) in a more diversified economy. To some, that sounds like tempting fate.

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Now Arriving at an Airport Lounge Near You: Peloton Bikes, Nap Pods and Caviar Service

In recent months, a handful of exclusive credit card lounges have opened in airports in the United States. More are coming this year.

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China protests Europe’s new wind-turbine probe and report alleging ‘distortions in the economy’

State subsidies are in Brussels’ cross hairs as the world’s largest windpower producer exports low-cost turbines to quench global demand for clean power.

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Beware what you wish for: calls for China to loosen grip on the yuan may rock emerging and developed markets alike, strategists say

China’s managed currency is seen as an anchor for its regional peers, meaning small moves can have an outsize impact.

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China inflation: disappointing price indicators cast shadow on target, fuel calls for swift policy easing

China’s consumer price index grew only slightly in March, while factory-gate prices fell for the 18th straight month, underscoring the need to speed up interest rate cuts, analysts said.

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How AI is helping to prevent future power cuts

Artificial intelligence software is being used to predict electricity demand and supply.

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China’s gender gap widening post-pandemic, with ‘she-cession’ still real threat to economy

Study finds disparity between men and women has grown in China, with researchers seeing the ‘magnitude of the ‘she-cession’, where the Covid-induced economic slowdown disproportionately impacted the female labour force.

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Markets Slide After Unexpectedly Strong Inflation Report

Stocks fell and bond yields jumped as investors reassessed when the Federal Reserve may begin cutting interest rates.

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Student Aid Woes Stalk Education Secretary in Appearance on Capitol Hill

In two hearings, House lawmakers scrutinized Miguel Cardona’s record over persistent problems with the new FAFSA form.

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Inflation Was Hotter Than Expected in March, Unwelcome News for the Fed

The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this year.

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March’s Hot Inflation Report is a Political Blow to Biden

The president’s approval ratings have been hurt by rapid inflation and rising interest rates.

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Sierra Space CEO unveils new satellite product ahead of Dream Chaser launch, possible IPO

CEO Tom Vice tells CNBC that the company's NASA-contracted space plane Dream Chaser is on pace to make its first flight in the fourth quarter.

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Biden’s Trade Moves Raise Tensions With China and Japan but Draw Cheers at Home

The president’s efforts to restrict Chinese imports and block a Japanese steel merger have pleased labor unions and sent a message to rival Donald J. Trump.

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Macy's settles proxy fight with activist Arkhouse, adds two of the firm's nominees as directors

The reshuffle moves Macy's closer to a deal that could take the 165-year-old department store private.

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Microsoft and NetEase to Relaunch Warcraft and Other Games in China

The deal between the gaming company Blizzard, now owned by Microsoft, and the Chinese giant NetEase renews a partnership that lapsed more than a year ago.

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Housing Costs Continued to Rise Faster than Before the Pandemic

It will be difficult for the Federal Reserve to rein in inflation fully if shelter costs continue to run hot.

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Department stores face another squeeze. This time, with store credit card revenue

Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.

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Delta forecasts quarterly earnings ahead of expectations, focuses on efficiency as growth steadies

CEO Ed Bastian said hiring has slowed after the company added staff aggressively following the pandemic.

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The Politics of a Steel Deal Hangs Over Biden’s Japan Summit

The president’s effort to court voters in crucial swing states is influencing economic and trade policy, and worrying longstanding allies.

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China eyes home-grown aircraft engine, larger commercial planes with big equipment upgrades by 2027

Beijing’s enhanced emphasis on stronger ‘productive forces’ is seen giving China a lift in its pursuit of aviation self-sufficiency as external pressure mounts.

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Arizona’s 1864 Abortion Ban: The History Behind the 160-Year-Old Law

The state’s Supreme Court ruled that the 1864 law is enforceable today. Here is what led to its enactment.

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How a Case Against Fox News Tore Apart a Media-Fighting Law Firm

Tensions had been brewing for years inside Clare Locke, a top defamation law firm. Then came the biggest defamation case of them all.

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The rich are getting second passports, citing risk of instability

The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm.

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China scraps ownership caps on some telecoms services, courting foreign capital resurgence

China has unveiled new foreign ownership rules for certain telecommunications services, a move to generate investment and confidence as it strives to meet broad economic goals.

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New York Community Bank’s online arm is paying the nation’s highest interest rate

NYCB raised the rate offered via its online arm My Banking Direct to 5.55%, higher than any other U.S. savings account, weeks after needing a capital infusion.

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These 10 retail brands are the fastest growing in the U.S., Yelp says

Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to Yelp.

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EU investigation into Chinese wind turbine exporters could lead to higher costs, slow down clean energy projects in bloc, analysts say

An anti-subsidies investigation into Chinese wind turbine manufacturers by the EU could saddle the bloc’s renewable project developers with high costs and slow down their decarbonisation efforts, analysts say. The impact on Chinese firms could be limited.

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Price of Gold Sets Series of Record Highs, Usually a Sign of Unease

The move has puzzled Wall Street, as it comes as the outlook for the economy has improved and inflation has generally cooled.

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¡Vámonos! Dora Is Back for a New Round of Exploring

Boots, Map, Swiper and Backpack all return too, in a new “Dora” that includes a lot more Latin music and Spanish language.

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China creating ‘unfair competition’ for foreign players, German firms say in survey

German businesses operating in China have said they face ‘unfair competition’, complicating the already tense relationship between the two countries in advance of a visit from Chancellor Olaf Scholz.

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China hits back after Fitch Ratings downgrades credit outlook, Beijing says local debt risks are controllable

Ministry of Finance says it is a ‘pity’ to see Fitch Ratings revise the outlook on China’s sovereign debt from stable to negative due to concerns over property and public finance stress.

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Toyota's first new 4Runner SUV in 15 years will offer a hybrid engine

Toyota Motor revealed a new 4Runner SUV for the first time in nearly 15 years — completing a recent redesign of the automaker's current trucks and SUVs.

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Jack Ma steps into ‘mistakes’ brouhaha to boost Alibaba’s morale in staff memo, eliciting support from Chinese Embassy in US

There is nothing to fear from missteps because nobody is error-free, Ma wrote, after his co-founder Joe Tsai touched on Alibaba’s mistakes in a podcast interview, generating a frenzy on China’s social media.

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China clears first eVTOL aircraft for production as ‘low-altitude economy’ takes wing

China has granted production approval for its first electric vertical take-off and landing vehicle, cementing its progress in the rapidly expanding field of manned and unmanned flight at low altitudes.

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China’s stockbrokers see salaries slashed for second year amid slumping market, crackdown on flashy finance executives

China’s stockbrokers took another pay cut in 2023 as the double whammy of a slumping equities market and a government crackdown on corporate extravagance eroded the incomes of financial workers. Things don’t look much better this year, one fund manager says.

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FAA Investigates Claims by Boeing Whistle-Blower About Flaws in 787 Dreamliner

The whistle-blower, an engineer, says that sections of the plane’s body are being assembled in a way that could weaken the aircraft over time. Boeing says there is no safety issue.

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China turns up heat with regulators, banks under the microscope amid focus on financial revamp

China will inspect vital finance and economy-related entities as part of a round of discipline inspections amid Beijing’s focus on a financial revamp.

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As world erects barriers against Chinese exports, what about free trade?

Slamming China for capitalising on its manufacturing advantages to produce competitively priced exports is hypocritical and against the principles of free trade.

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Norfolk Southern Settles an East Palestine Train Derailment Suit for $600 Million

The railroad company will pay residents and businesses in East Palestine, Ohio, and the surrounding area after a derailment last year.

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Michigan Vascular Clinics Shutting Down After Scrutiny

The clinics’ owner, Dr. Jihad Mustapha, who called himself the “leg saver” but whose procedures sometimes preceded amputations, was a focus of a Times investigation last year.

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Former Bowlero exec says company threatened to report him to FBI in proposed extortion, retaliation suit

Bowlero's former longtime chief information officer wants to sue the company for retaliation and extortion and claims he was fired because of his age.

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TV Networks to Urge Biden and Trump to Debate, Wading Into a Fraught Topic

Speculation has swirled in the political world about whether the presumptive candidates will agree to the traditional face-to-face events, a campaign staple since 1976.

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Why Oil Prices Have Been Rising Recently

The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts to tame inflation.

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GM's Cruise to relaunch vehicles with human drivers in Phoenix

GM's Cruise self-driving car unit will relaunch for the first time since October beginning with a small fleet of human-driven vehicles in Phoenix.

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Boeing's quarterly airplane deliveries drop to 83 amid safety crisis

Boeing's major airline customers have complained that delivery delays have forced them to rethink their growth plans.

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Barstool's Dave Portnoy won $2.7 million betting on UConn in NCAA men's final

DraftKings reported a record NCAA tournament, with sports betting now legal in 38 states plus Washington, D.C.

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What Happened When a German Car Factory Went All Electric

Volkswagen’s plant in Zwickau stopped producing Golfs and switched to electric vehicles, illuminating the risks and opportunities for factory towns and cities.

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Internet Traffic Dipped as Viewers Took in the Eclipse

Internet traffic dropped by 40 percent or more during the eclipse in states in the path of totality, including Maine, New Hampshire and Ohio, Cloudflare found.

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3G Capital quietly exited its Kraft Heinz investment last year

3G Capital, which helped to engineer the Kraft Heinz merger, had seen its influence at the company wane.

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GM continues reinvention of Buick brand with new Enclave SUV

General Motors has redesigned Buick's flagship Enclave SUV as the latest testament to the automaker's ongoing reinvention of the roughly 125-year-old brand.

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Why richer, older China needs changes to its social contract

Chinese policymakers need to build out rather than restrict the social safety net of pensions and healthcare for the elderly portions of the population. Looking ahead, the number of people paying taxes needs to increase in a manner that raises revenue but is fair and ideally more progressive.

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Janet Yellen in China: how far did trip move the ball for US-China relations as presidential election looms?

Treasury Secretary Janet Yellen ended her week-long trip to China on Tuesday, saying the US had been able to ‘move the ball’ on key issues, while analysts said the visit had focused on ‘practical short-term issues’.

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China’s Premier Li assembles economic experts ahead of hotly anticipated first-quarter data release

Li Qiang’s chat with business leaders and trusted economists puts the onus on what can be done at home while the external environment becomes ‘increasingly complex, severe’.

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How an F1 simulator could save car firms 'millions'

Engineers in a village near Bristol make the fastest-reacting car simulator in the world

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China pledges US$69 billion in credit backing for tech after resurrecting dormant financial tools

China’s central bank will incentivise the extension of credit for tech-focused companies and equipment renovations – goals named as a top priority by economic policymakers for the coming year.

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New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

New-energy vehicles will make up about half of new car sales in China by 2030, as state incentives and expanding charging stations win over more customers, Moody’s Investors Service says.

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Boom times for US green energy as federal cash flows in

The US government has directed unprecedented sums of money at green energy projects.

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China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

Li Auto, Tesla’s nearest rival in mainland China, plans to start selling a new, more economical model aimed at families amid a price war in the country’s electric vehicle market.

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Shanghai’s data flow centre walks the talk, promises international standards, but China’s foreign firms need ‘faster, wider roll-out’

Data flow service centre in Lingang free-trade zone in Shanghai will adopt internationally recognised standards and aim to help entities navigate requirements amid China’s push to reassure and retain foreign firms.

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Janet Yellen in China: ‘difficult conversations’ and an overcapacity spat put hopes for common ground in question

US Treasury secretary says Beijing needs to make policy changes, while warning that Washington and its allies fear ‘global spillovers’ from China’s trade actions.

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HSBC summit: idea that China is ‘uninvestible’ is ‘shallow and lazy’, Primavera Capital’s Fred Hu tells panel

The future of China’s economic growth depends on strong innovation in the technology sector and – despite the current headwinds – investors would be wrong to sleep on the country’s potential, industry leaders says.

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As Janet Yellen decries China’s EV overcapacity, commerce minister calls such accusations ‘groundless’

Speaking in Paris to Chinese makers of electric vehicles and lithium batteries, commerce chief Wang Wentao vows Beijing will ‘fully support and defend’ their rights as Western pressure mounts.

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‘Fitness centre China’: world champion in development can do more, solve overcapacity, top business leader Joerg Wuttke says

What does one of the most influential business leaders think is the magic of China, and why could hubris rear its head if lessons are not learned from the perils and pitfalls of other economies?

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Chinese travellers spend big to mark most profitable Ching Ming Festival since 2019

Three-day holiday ending Saturday logs more than 119 million domestic trips and close to 54 billion yuan in revenue, well over pre-pandemic levels.

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Xiaomi’s maiden EV, selling at a loss, turbocharges price war forcing China’s small players out of business

Strong sales of smartphone vendor Xiaomi’s first electric car have exacerbated a price war in the sector that is squeezing the profit margins of most players in China.

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US should not politicise trade issues, China’s Li Qiang tells Janet Yellen in response to ‘overcapacity’ concerns

Premier Li urges Washington to view industrial capacity ‘objectively’ during meeting with visiting US Treasury Secretary Yellen, who raised issue of excessive Chinese exports, especially new energy vehicles and solar panels.

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Expect more proposals on ESG issues in China, as reforms unleash minority shareholder activism, Allianz GI says

The Chinese stock market is poised to see the emergence of shareholder resolutions on ESG issues next year, as incoming corporate governance reforms start allowing many more minority owners to present proposals for voting, a stewardship expert says.

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China’s local government debt woes hurting private firms, creating grass-roots distrust: academic

Wuhan University professor Feng Chuan says local government debt problems in China have torn apart the fundamental trust system that upholds social governance order.

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Ibiza locals living in cars as party island sees rents soar

"All the work you could want, but there isn't anywhere to live," say those struggling on the island.

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China pushing to break down payment barriers for visitors, with 90,000 overseas buyers set to flock to Canton Fair

Tackling payment issues is a small but important part of Beijing’s broader efforts to bring down barriers for foreigners in China, with a particular focus on the start of the Canton Fair later this month in Guangzhou.

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Lived-in home deals in Shanghai hit 20-month high in March, but agent says bull run may be ‘short-lived’ amid economic concerns

Transactions involving lived-in homes in Shanghai shot up in March as owners offered discounts to bargain hunters, but the outlook for the city’s housing market remains cloudy due to concerns about a bleak economy.

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EU follows US move to assess China’s dominance of legacy chips

Brussels launches survey to understand its exposure to Chinese semiconductors that power everyday items from cars to televisions, matching an American initiative that drew stern rebuke from Beijing.

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Janet Yellen in China: overcapacity high on the agenda as secretary takes swipe at exports

China’s overcapacity is all but certain to be the main point of contention in coming talks with Janet Yellen, as the US Treasury secretary has begun her trip with strong words on the subject.

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Despite lifting Australia wine tariffs, China’s market offers no lifeline for global industry

China lifted its anti-dumping and anti-subsidy tariffs on Australian wine at the end of last month, but industry executives say the market, and domestic consumption, are struggling to recover.

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China’s yuan: central bank sees resolve for stable currency, stimulus tested as Fed holds firm on rates

In an uncertain monetary environment where the US Federal Reserve has yet to announce interest rate cuts, China’s central bank is seeing potential moves to increase activity constrained by pressures on the yuan.

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As Chinese businesses launch operations in Mexico, managers learn cross-cultural lessons

Setting up shop in Mexico helps avoid US tariffs, but Chinese companies still must confront major concerns about labour costs, profitability and cultural differences.

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Janet Yellen in China: US treasury secretary aiming to keep trade relations on firmer footing

US Treasury Secretary Janet Yellen arrived in southern Chinese city of Guangzhou Thursday evening on the first leg of her week-long trip.

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