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Economy
The Chicago school economist who warned years ago of America’s ‘business dynamism’ fading still sees…
The Chicago school economist who warned years ago of America’s ‘business dynamism’ fading still sees ‘something broken in the background’
Ufuk Akcigit is a distinguished economist. He’s the Arnold C. Harberger professor of economics at the…
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Rupee opens marginally higher as US jobs data dents dollar demand
Rupee opens marginally higher as US jobs data dents dollar demand
The Indian rupee opened marginally higher after falling for four straight sessions as the dollar declined after mixed US jobs data on Friday.
The rupee opened at 82.72 to…
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JPMorgan signals positive outlook for US, takes back ‘recession’ call
JPMorgan signals positive outlook for US, takes back ‘recession’ call
JPMorgan’s chief economist said that the bank no longer expects a recession in the United States this year, joining other forecasters who reversed their decision and…
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Dollar to remain steadfast in coming months: FX strategists
Dollar to remain steadfast in coming months: FX strategists
The U.S. dollar will hold its ground against most major currencies over the coming three months as a resilient domestic economy bolsters expectations interest rates will remain…
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Bolivia Is the Latest South American Nation to Use China’s Yuan for Trade in Challenge to the…
Bolivia Is the Latest South American Nation to Use China's Yuan for Trade in Challenge to the Dollar
Bolivia is using the yuan to pay for imports and exports, becoming the latest country in South America to regularly use the Chinese…
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Business Highlights: US economy accelerates; Southwest reports soaring labor costs
Business Highlights: US economy accelerates; Southwest reports soaring labor costs
US economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes
WASHINGTON (AP) — The U.S. economy surprisingly…
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US business activity growth slows as services soften
US business activity growth slows as services soften
Synopsis
S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 52 in July from 53.2 in June. July's reading showed…
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Global tech stocks surge as US rally triggers a rush for winners
Global tech stocks surge as US rally triggers a rush for winners
Synopsis
The MSCI Japan IT index has surged 36% so far this year, while the MSCI Taiwan and Europe IT indices have rallied 30% and 25%, respectively. The MSCI Korea IT index…
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Rupee opens higher against US dollar
Rupee opens higher against US dollar
The Indian rupee opened marginally higher against the US dollar tracking gains in local equities and Asian currencies markets.
The Indian rupee opened marginally higher against the US dollar tracking…
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US stocks rally as recession fears ease and investors look to upcoming Big Tech earnings
US stocks rally as recession fears ease and investors look to upcoming Big Tech earnings
US stocks finished higher on Monday as fears of a US recession eased on Wall Street.
The odds of a recession in the next 12 months have fallen to 20%…
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