Shoppers increased their spending in February after pulling back at the start of the year, reflecting volatile and cautious activity by American consumers even before the Iran war sent gasoline prices soaring.
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Private sector hiring totaled 62,000 in March, better than expected, ADP says
Private sector employment growth kept pace, but health care and construction continued to provide nearly all the momentum.
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SpaceX Lines Up 21 Banks for 'Apex' Mega IPO
SpaceX is working with at least 21 banks on its blockbuster initial public offering, people familiar with the matter said, one of the largest underwriting syndicates assembled in recent years.The listing, internally codenamed Project Apex, is expected to be among the most...
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Between Deflation and Fiat Credit: China Grapples with the Sins of the Past
The Chinese economy remains trapped in deflation. Falling prices reflect demographic shifts as well as politically induced overcapacity in real estate and industry. The export sector continues to act as a pressure valve, though it is increasingly facing international...
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Why $4 a gallon gas prices won’t trigger Fed interest rate hikes — and could lead to cuts
While there's still plenty of uncertainty about where rates are headed, Wall Street commentary shifted back to expectations for cuts.
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Gulf Drillers Win Exemption From Species Law
A federal panel voted unanimously on Tuesday to exempt oil and gas drillers operating in the Gulf of Mexico from a decades-old law meant to protect endangered species including whales, birds, and sea turtles.
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