Economy
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Canada's Carney speaks with Trump as new 50% tariffs set to take effect at midnight
The new tariffs target about $20 billion worth of imports. These tariffs will be imposed even on products that qualify for preferential treatment under the U.S.-Mexico-Canada trade agreement, which has shielded much of Canadian industry from earlier U.S. tariffs.
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With tariffs set to come into effect Wednesday, Canada scrambles to negotiate: report
Despite meetings between Canadian and American negotiators over the last three weeks, the two countries can't move beyond an impasse in these last days before the tariffs take effect.
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US manufacturing activity hits 4-year high, manufacturing employment hits near 3-year high
Growth was seen in fifteen manufacturing industries, including electrical equipment, appliances and components, primary metals, transportation equipment, machinery as well as computer and electronic products. Activity in the technology sector was driven by the artificial intelligence buildout.
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July jobs report shows gain of 1.8 million, unemployment rate falls
The U.S. economy continues to add jobs amid the coronavirus shutdown, but at a slower rated compared to May and June
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Trump to tout economy in Ohio, after promising jobless report, manufacturing sector numbers
Though not as frequently cited as the U.S. stock market indexes, industrial manufacturing indexes quietly show an American economy trying to recover in the wake of the pandemic.
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Market update: GDP loses 9.5%, jobless numbers up 1.4 million,
Several major factors impacting the markets this mornin include sliding Big Tech stocks, D.C. lawmakers at a stalemate, and news Jobs and GDP reports
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GDP contracted at annual rate of 32.9 percent in second quarter, breaking U.S. record
Forecasters predicted a 34.7% decline in GDP
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New jobless claims at 1.4 million last week
Fresh unemployment numbers remain in the millions for Americans
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Weekly jobless claims exceed 1.4 million, first increase since March
This marks the 18th week in a row that more than 1 million Americans filed for jobless benefits
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Condi Rice: Socialism has 'only worked at gunpoint'
A socialist system 'has never produced particularly good outcomes,' Rice says
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People feel pretty good about personal finances right now
What could we be getting in November with a positive outlook on personal finances, but a negative outlook on the economy as a whole?
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New jobless claims continue trending down, slightly beating analysts' expectations
Roughly 1.31 million Americans filed first-time jobless claims last week, the U.S. Bureau of Labor Statistics reported Thursday. The number marks the 16th straight week that initial claims have exceeded 1 million.
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Ben Carson Jr. joining board of $250 million FVLCRUM fund to invest in minority-owned businesses
'If you look at almost any culture that's been successful in this country, there has been a wealthy group within that culture that has then supported the rest of that culture to become successful and enjoy prosperity over time,' says Ben Carson, Jr.