Trump Unveils New Tariffs Designed to Withstand Legal Scrutiny
The new duties, ranging from 10% to 12.5%, will replace a temporary tariff put in place after the Supreme Court derailed Trump's trade agenda in February.
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U.S. Stocks Slide as Oil Hits $100, While Tech Selloff Deepens
U.S. stocks fell sharply as global oil prices topped $100 a barrel for the first time in two months and earnings from Alphabet and Tesla rekindled AI spending fears.
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Mortgage Rates Hit Highest Levels in Nearly a Year
Rising oil prices helped push the 30-year fixed rate to 6.58%.
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Reigniting Inflation Heaps Pressure on European Central Bank
The central bank held rates steady, but could resume hiking as surging oil prices threaten to drive inflation and bond yields higher.
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U.S. Jobless Claims Unexpectedly Drop Again for the Week
The number of people who filed for unemployment benefits was 187,000 in the week through July 18, 22,000 fewer than the upwardly revised 209,000 reported a week earlier, the Labor Department said.
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Canada Retail Sales Rise for Fifth Straight Month in May
The value of retail sales increased 1.0% in May to a seasonally adjusted 73.71 billion Canadian dollars, or the equivalent of $52.32 billion, Statistics Canada said.
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Justice Department to Speed Up Merger Reviews by Asking Less of Companies
Antitrust enforcers will identify some deals for narrower investigations that could close sooner.
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The Fed Is Heading Into One of Its Most Unpredictable Meetings in Years
A cooler inflation report is easing pressure for a rate hike next week, but Middle East conflict has rekindled jitters. A new chairman won't tip his hand.
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Turkey Holds Rates as Energy Prices Cloud Inflation Outlook
The country's central bank kept its key interest rate unchanged as the recent resumption of Middle East hostilities upended hopes energy prices would stabilize in the second half of 2026.
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Global Household Wealth Jumped in 2025, Raising Stakes for Profitability of AI
Global household wealth surged last year as expectations of bumper profits from artificial intelligence pushed equity prices to new highs, but that threatens an economically damaging correction should those profits fail to materialize.
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South Korea's Economic Growth Beats Expectations, Supported by Chip Exports
South Korea's economic growth slowed in the second quarter after robust first-quarter, but remained resilient as brisk chip exports offset weak private consumption and construction investment.
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Why Wall Street Firms Are Paying $100,000 a Month for a Fast Track to Trump Posts
Traders who already monitor the president's pronouncements with automated systems can pay for an ultrafast feed. At least five firms have signed up.
(END) Dow Jones Newswires
July 23, 2026 19:00 ET (23:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.