Weak Retail-Sales Number Adds to Softening Economic Data
Economists had expected a small increase in retail sales, but July brought surprisingly sour news.
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Consumer Sentiment Has Dropped in August, per Michigan Survey
Consumers' economic mood is weaker this month versus July, according to preliminary results from the University of Michigan's monthly survey.
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S&P Steady After Record Close
Stocks moved higher with the S&P 500 on track to end the week at a record high after a boost from slowing inflation and some AI-related stocks.
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Canada Manufacturing Sales Rise for Fifth Straight Month in June
Factory sales added to momentum that could deliver second-quarter growth well above the Bank of Canada's original estimate.
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White House Says China Avoids Billions in Tariffs by Rerouting Goods
A new report estimates illegal transshipment has cost the U.S. an estimated $19 billion to $26 billion in annual tariff revenue.
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NATO Jet Downs Drone as Concerns Grow Over Russia Threat
Latvia's military said the incursion of the unmanned aerial vehicle was caused by Russian electronic warfare.
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Eurozone Swings to Trade Surplus in June
The trade surplus in goods for the 21-nation currency area was €1.8 billion in June, from a deficit of €6.1 billion in May.
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Businesses Are Spending Big on Quantum
Many companies are pouring millions into quantum computing programs to gain a competitive edge and prepare for future encryption threats.
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Trump Announces Drone Tariffs to Bolster U.S. Supply Chains and Counter China
The White House said the drone tariff program will protect the security of the U.S. and its defense and defense-adjacent industrial base.
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Swiss Economy Grows at Fastest Rate Since 2021
GDP surged 1.5% quarter-on-quarter, reflecting the country's relative insulation from the energy-price shock and the uncertainty caused by shifting U.S. tariffs.
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Berkshire-Backed Marubeni Favors Strong Yen
The Japanese trading house favors a stronger yen to better leverage a $12 billion investment plan, its CEO said, as a firmer currency gives it greater firepower for overseas acquisitions.
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Wall Street's Fear Gauge Goes Silent. It's Worth Listening To.
Market volatility readings are in deep retreat. That could be a concern.
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Bonds Got Scorched This Summer. 3 Things That Could Make Fall More Miserable.
Treasuries have been in a funk since June. If the selloff doesn't stop, things could really go off the rails for stocks, the midterm elections, and the Fed.
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There Aren't Enough Ships to Handle China's Booming Car Exports
As demand slumps at home, Chinese cars are flooding other markets-and testing the shipping industry.