Business
FINANCIAL MARKETS AND INVESTMENTS
Social Security August Payments Begin This Week
The first Social Security payment for August is set to be sent to recipients this week, with important information that beneficiaries need to know.
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U.S. Stock Futures Rise Slightly Ahead of Inflation Reports
U.S. stock-market futures advanced slightly on Sunday, with Dow Jones Industrial Average futures rising about 60 points as investors prepare for what could be a tumultuous week of economic data.
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Gold Price Drops Following U.S. Tariff Clarification
Gold prices tumbled after reports that the U.S. would clarify its tariff plan on bullion, despite the precious metal having risen around 30% this year due to economic policy uncertainty.
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Record-Breaking Stock Buybacks Fueling U.S. Market Rally
American companies have announced $983.6 billion worth of stock repurchases, reaching a record pace that is strengthening their balance sheets and contributing to the U.S. stock market rally.
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Wall Street Recovery Not Translating to Jobs
Despite the rebound in Wall Street's deals market from spring's slowdown, hiring hasn't returned and some banks are conducting quiet layoffs.
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GLOBAL TRADE AND TARIFFS
Consumers to Bear Brunt of Trump's Tariffs, Goldman Sachs Reports
According to Goldman Sachs research, the impact of President Trump's tariffs on consumer prices is just beginning, adding more uncertainty to the Treasury market.
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Asian Markets Advance Ahead of Trump's China Tariff Deadline
Shares in Asia moved higher on Monday, one day before President Trump's deadline for imposing higher tariffs on Chinese imports, with markets in Japan and Thailand closed for holidays.
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Trump's Tariffs Spark Boycott Calls for American Goods in India
U.S. multinationals including McDonald's, Coca-Cola, Amazon, and Apple are facing boycott calls in India as business executives and Prime Minister Modi express concerns about Trump's tariffs.
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GEOPOLITICAL DEVELOPMENTS
Philippines Would Be Drawn Into Taiwan War, President Marcos Says
Philippine President Ferdinand Marcos Jr. stated that his country would inevitably be pulled into any war over Taiwan despite China's protests, citing the Philippines' proximity to the self-ruled island.
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Oil Prices Fall as Trump-Putin Meeting Approaches
Oil prices declined in early trading as markets await the upcoming talks between President Trump and Russian President Putin in Alaska, with Brent crude down 0.7% at $66.13 a barrel.
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Trump-Putin Talks Already a Victory for Russian Economy
Economists are describing the upcoming talks between Presidents Trump and Putin as "already a win" for Russia, whose economy has been struggling after three years of war.
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