U.S. Trade Deficit Fell to 5-Year Low in September
The U.S. trade deficit decreased in September, declining to the lowest level in five years as trade patterns adjust to the steep new tariffs levied by President Trump.
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Jobless Claims Rose Last Week but Remained Modest
The number of Americans filing new claims for unemployment benefits rose last week but stayed well within the range that has prevailed over the past year.
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U.S. Stocks Mixed Amid Tech Worries
U.S. stocks were mixed as tech worries sapped enthusiasm sparked by Wednesday's Fed rate cut. Oracle fell after its earnings reignited worries about aggressive spending on data centers.
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Mexico Approves Tariffs of Up to 50% on China, Drawing Outcry From Beijing
China's Commerce Ministry urged Mexico to rectify "unilateral, protectionist practices," saying that the levies harm Chinese interests.
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OPEC Holds Oil-Demand View Steady But Expects Higher Supply From Rivals
The Organization of the Petroleum Exporting Countries left its oil-demand outlook unchanged as it prepares to pause output hikes in early 2026, but modestly raised its forecast for this year's supply growth from rival producers
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Swiss National Bank Holds Key Interest Rate at 0%
Switzerland's central bank again left its key interest rate unchanged, but signaled it was open to a further cut that would take it below zero.
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ECB Unlikely to Follow Fed For Now, But Currency Moves May Yet Prove Decisive
Policymakers in Europe may face growing pressure to also lower interest rates if the pace of easing significantly weakens the dollar.
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Trove of Critical Minerals Uncovered in the Utah Desert
Mineral production company Ionic says it discovered 16 different rare earth and critical minerals that will help the U.S. compete with China.
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IEA Forecasts Smaller Oil Surplus as OPEC+ Output Declines
The projected surplus has narrowed due to lower OPEC+ production, but a large supply overhang continues to cloud the outlook, the International Energy Agency said.
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China Vows to Boost Domestic Demand
Chinese officials pledged to prioritize supporting domestic demand in their policy road map for 2026.
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Turkish Central Bank Cuts Rates Again Despite Inflation Risks
The central bank cut its benchmark rate to 38.0% from 39.5% on Thursday, but noted lingering risks for consumer prices.
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Fed Chair Jerome Powell Says U.S. May Be Drastically Overstating Jobs Numbers
Powell said that Fed staffers believe federal data could be overstating job creation by up to 60,000 jobs a month-which suggests the jobs market might be shrinking.
(END) Dow Jones Newswires
December 11, 2025 11:00 ET (16:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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