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By Mehnaz Yasmin and Niket Nishant (Reuters) -American Express’s first-quarter profit vaulted past Wall Street estimates on Friday, driven by an affluent customer base that increased spending as recession fears receded. Amid a turbulent landscape in which concerns over the financial well-being of lower-income consumers…
By Timothy Gardner WASHINGTON (Reuters) – U.S. lawmakers have tucked sanctions on Iran’s oil exports in the House of Representatives’ aid package for Ukraine, Israel and the Indo-Pacific after Tehran’s missile and drone strike on Israel last weekend. If passed through both the House and Senate and signed by President…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. The 2024 gangbusters rally in stocks has skidded to a screeching halt. The…
The US Dollar eases a touch despite safe-haven support on early Friday trading. Tensions in the Middle East flared up again with reports of Israel attacking an Iranian military base. The US Dollar Index holds above 106.00, though pressure is mounting for a break below it. The US Dollar Index…
Jeremy Allaire, CEO of Circle, recently discussed USDC’s operations and the growing importance of stablecoins within the global economy. “We’re now seeing essentially stablecoin rules coming into place all around the world. And alongside that, that’s enabling us to really expand the market infrastructure that supports USDC,” Allaire said during…
Iran and Israel, regional arch-foes, are trading attacks and threats — the latest of which saw Israel launch a “limited military strike” on Iran in the early hours of Friday morning, a source familiar with the situation told NBC News. Iranian media reported three drones were shot down over the central…
By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will raise…
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The share price of Nestle (NS:) India has recently remained in the…
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The Uniswap (UNI) price has experienced a significant decline this month, halving…
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The Biden administration on Friday will announce changes to Title IX, expanding protections for LGBTQ+ and pregnant students while overhauling controversial Trump-era guidance around how schools should handle sexual assault cases. “Our nation’s educational institutions should be places where we not only accept differences, but celebrate them – places that root out hate and promote inclusion, not just because it’s the right thing to do, but because our systems and institutions are richer for it,” Education Secretary Miguel Cardona said on a call Thursday previewing the changes to Title IX, which prohibits sex discrimination at federally funded schools. The final rule…
Donald Trump’s campaign is asking Republican candidates and committees using the former president’s name and likeness to fundraise to give at least 5% of what they raise to the campaign, according…
Bill Barr, once an attorney general for Donald Trump who has since emerged as one of his most prominent critics, said on Wednesday that despite his differences with his former…
Late Thursday night, the House Rules Committee passed a series of foreign aid bills out of committee using Democratic support, in a sign that Republicans in the chamber will need…
Markets
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By Nora Eckert CHATTANOOGA, Tennessee (Reuters) – The United Auto Workers is counting on scoring a seismic victory at Volkswagen…
Finance
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Healthcare worker numbers are steadily growing but remain below pre-pandemic trends, according to a Bank of America report published in April. The bank’s data and analysis…
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By Alexandra Ulmer and Jason Lange (Reuters) – Republican presidential candidate Donald…
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Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Apple has removed WhatAapp and Threads from its app store in China, following an order from the country’s internet watchdog which cited national security concerns.…
Economy
SHANGHAI (Reuters) – China is widely expected to leave benchmark lending rates…
Fintech
Explosions were heard near an Iranian military base, and multiple reports citing…
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