Economy
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S&P economists say 90-day trade pact with China brings limited relief
S&P said the de-escalation "brings only temporary relief." It noted that if the world's two largest economies can't reach a broader, more permanent trade deal in the next three months, tariffs are likely to increase again, perhaps sharply.
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Walmart likely to increase prices over tariffs in coming weeks: CFO
Price increases will likely begin “towards the tail end of this month, and I certainly expect more in June,” Walmart Chief Financial Officer John David Rainey said.
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Microsoft lays off 6,000 employees
The tech company has 228,000 workers globally, about 126,000 of which are in the U.S.