Consumer Sentiment Rose in July, per Michigan Survey
The University of Michigan's consumer sentiment index rose to 55.2 from 49.5 in June as gasoline prices cooled.
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Apple Slump Drags on Tech
U.S. tech stocks are slipping along with Apple, with the iPhone maker selling off after its latest forecasts disappointed investors.
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Three Fed Officials Say Inflation Should Have Prompted Higher Rates
One of the central bankers, Minneapolis Fed President Neel Kashkari, said a series of rate increases might be necessary.
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Canada GDP Grows in May Amid Expansion in Oil and Gas Activity
Canada's economy has roared back to life, tracking the strongest growth in roughly three years with an expansion in oil and gas activity and continued recoveries in areas like manufacturing.
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Situational Awareness Down 67% in July in AI Stock Rout
"We let you down this month," Leopold Aschenbrenner's hedge-fund firm told investors after selling the bulk of its stocks to Citadel.
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New York Alleges Kalshi Is Running Illegal Gambling Operation
New York Attorney General Letitia James's office said Kalshi's prediction market meets the legal definition of gambling because users are betting on events outside of their control in a game of chance.
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U.A.E. Changes How It Prices Its Crude Oil Grades
The United Arab Emirates' state-oil company said that it will base its official selling prices on the prompt-month Platts Dubai benchmark starting from Nov. 1.
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Bank of Japan Stands Pat But Weak Yen Threatens Inflation Outlook
Japan's central bank kept monetary policy unchanged, though the BOJ's governor signaled growing concerns about inflation overshooting its goal.
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Eurozone Inflation Rebounds as High Energy Prices Persist
Inflation rose further above the ECB's target, with the future path of price rises heavily dependent on the development of the conflict in the Middle East.
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China's Factory Activity Gauge Unexpectedly Signals Contraction
The official manufacturing purchasing managers index signaled a contraction in activity for the first time in five months, raising pressure on Beijing to support growth.
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Korea's Kospi Logs Record Daily Gain, Defying Efforts to Tame Wild Swings
The country's regulators have imposed increasingly stringent restrictions on single-stock leveraged exchange-traded funds tracking SK Hynix and Samsung Electronics.
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Kevin Warsh's Honeymoon With the Bond Market Is Already Over
Investors warned that the Fed must show commitment to inflation fight after Wednesday's selloff.
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