Today's Top Story
China rolls out new measures to fix its property crisis, spur growth
China has announced fresh measures to revive its ailing property industry after the latest data showed housing prices slumped further in April Read More
Business News
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Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since
For the nation’s bicycle shops, the past few years have probably felt like the business version of the Tour de France
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Stock market today: Wall Street hangs near its records as it closes another winning week
U.S. stocks are drifting near their records as Wall Street heads for the finish of another winning week
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Putin concludes a trip to China by emphasizing its strategic and personal ties to Russia
Russian President Vladimir Putin is concluding a two-day visit to China by emphasizing the countries' strategic ties as well as his own personal relationship with Chinese leader Xi Jinping as they seek to present an alternative to U.S. global influence
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Economic News
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Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina
Commuters in Buenos Aires are being hit by an abrupt 360% increase in subway fares
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UAW's push to unionize factories in the South faces latest test at 2 Mercedes plants in Alabama
The United Auto Workers union faces the latest test of its ambitious plan to unionize auto plants in the historically nonunion South when a vote ends at two Mercedes-Benz factories near Tuscaloosa, Alabama
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Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since
For the nation’s bicycle shops, the past few years have probably felt like the business version of the Tour de France
- More Economic News»
Money News
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Justice Dept. makes arrests in North Korean identity theft scheme involving thousands of IT workers
The Justice Department has announced multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its weapons program
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Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target
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A timeline of the collapse at FTX
FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years after its monumental collapse
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