Economic News
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Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps
U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note
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American Airlines negotiates a contract extension with labor unions that it sued 5 years ago
American Airlines has agreed on a contract extension for ground workers including mechanics and baggage handlers
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Passenger on a previous Titan sub dive says his mission was aborted due to apparent malfunction
A paid passenger on an expedition to the Titanic with the company that owned the Titan submersible testified before a U.S. Coast Guard investigatory panel Friday that the mission he took part in was aborted due to an apparent mechanical failure
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EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid
The European Union is ready to lend Ukraine up to $39 billion as part of a loan package organized by the Group of Seven major industrial nations
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Titan submersible's scientific director says the sub malfunctioned just prior to the Titanic dive
The scientific director for the company that owned the Titan submersible that imploded last year while on its way to the Titanic wreckage testified that the sub had malfunctioned just prior to the fatal dive
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Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates
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US Senate panel OKs action against Steward Health Care CEO for defying subpoena
Members of a Senate committee looking into the bankruptcy of Texas-based Steward Health Care have adopted two resolutions designed to hold CEO Ralph de la Torre in contempt for not testifying before the panel
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Weekly applications for US jobless benefits fall to the lowest level in 4 months
The number of Americans applying for unemployment benefits fell to their lowest level in four months last week
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Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
The Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago
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Tupperware lifts the lid on its financial problems with bankruptcy filing
Tupperware Brands has filed for Chapter 11 bankruptcy protection
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