Tariffs, Economic Concerns Drag Down Stocks

The S&P 500 fell for the third straight session despite strong earnings from Meta and Microsoft.

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South Korea's Exports Accelerate, Fueled by Chip Demand

South Korea's export growth was stronger than expected in July, driven largely by strong demand for high-performance computing chips amid the artificial-intelligence boom.

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U.S.-Canada Trade Talks Dealing With Aluminum-Tariff Levels, Bessent Says

The Treasury secretary's comments signaled possible relief for Canada's aluminum sector.

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Trump's Tariffs Questioned by Appeals Court

Judges voice skepticism that the president can use emergency powers to replace the import schedule Congress adopted.

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Canadian Economy Seen Picking Up Slightly After Contracting in May

National statistics agency's advance estimate suggests the economy grew just 0.1% on an annualized basis in the second quarter.

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Trump's Russia Sanctions Strategy Runs Hot and Cold

The president's tighter deadline to reach peace with Ukraine and his threat against Russia's energy customers contrast with a lighter approach to Russia elsewhere.

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Consumer spending recovers after trade wars let up, but Americans are still wary

Americans spent more money in June after U.S. trade wars began to simmer down, but they were cautious spenders amid all the turmoil caused by the Trump administration's tariffs.

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Core PCE Inflation Runs a Touch Hot, Dimming Hopes for September Rate Cut

The Fed's preferred inflation gauge, the personal consumption expenditures price index, is due on Thursday.

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Jobless claims stay low as layoff activity remains subdued

The data indicate a stable labor market with low layoff activity.

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EU Expects Spirits, Wine to Be Hit With 15% U.S. Tariff

The U.S. and EU are ironing out the finer details of their trade agreement. Wine and sprits are not expected to be exempted from U.S. tariffs, according to an EU official.

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Major Banks Nudge Oil Forecast Higher But U.S. Tariffs, OPEC+ Hikes Weigh on Outlook

Major Wall Street banks have modestly lifted their oil-price forecasts for this year and next, but lingering uncertainty over U.S. tariffs and rising OPEC+ output continue to cloud the outlook.

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Eurozone Proves Robust as Joblessness Stays at Record Lows

The jobless rate stood at 6.2% in June, unchanged from a revised May estimate and matching historically low levels.

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South African Reserve Bank Cuts Main Repo Rate to 7%

The central bank cut its main repo rate by a quarter percentage point as inflation remains low in the midst of continuing global uncertainty.

(END) Dow Jones Newswires

July 31, 2025 21:00 ET (01:00 GMT)

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