Economic News
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California set to rename César Chavez Day following sexual abuse allegations
The California state Senate is expected to pass a bill to erase César Chavez’s name from a state holiday following sexual abuse allegations
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Trump promises 'bigger majorities' for GOP even as midterm warning signs flash for his party
Republicans face growing political trouble ahead of November's midterm elections as the war in Iran keeps gas prices high and voters worry about living costs
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EPA approves sale of a higher-ethanol fuel to try to lower gas prices
The Environmental Protection Agency has announced it would allow gas stations to continue selling slightly cheaper E15 this summer in a move that may be good for drivers and corn growers but will likely contribute to air pollution
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Top central banker thinks businesses may be quicker to raise prices due to Iran war
Businesses might be quicker to raise prices in response to the Iran war due to bitter memories of the energy price inflation that broke out after Russia invaded Ukraine
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Kenya’s flower industry loses millions of dollars weekly due to the Iran war
Kenya’s flower industry is losing up to $1.4 million a week as the Iran war cuts demand and disrupts shipping
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Belgian drugmaker UCB to invest $2B in suburban Atlanta plant, adding 330 jobs
Belgian pharmaceutical maker UCB says it will build a $2 billion drug manufacturing plant near Atlanta
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Chances of a Federal Reserve rate cut fade as inflation worsens
The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans’ finances: Higher interest rates
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Epic Games lays off more than 1,000 amid slowing Fortnite engagement
Fortnite publisher Epic Games said Tuesday it is laying off 1,000 employees to save money as it grapples with industry-wide and company-specific challenges
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It's a bad time to hunt for new jobs, most US workers say in new Gallup poll
A new Gallup survey finds that Americans’ outlook on the job market is increasingly pessimistic
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EU and Australia sign free trade pact and announce a new defense partnership
The European Union and Australia have agreed on the final text of a free trade agreement some two years after negotiations broke down over Australian demands for more red meat market access and complaints about Australian products labeled with traditionally European names such as prosecco
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