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IMF sees solid momentum in US economy; says Fed right to hold interest rate steady

WASHINGTON, June 25 (Reuters) - The U.S. economy has seen solid growth momentum and inflation was expected to reach the Federal Reserve's 2% target by the end of 2027, the International Monetary Fund said on Thursday. IMF spokeswoman Julie Kozack told a regular news briefing ...
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Supreme Court strikes down Hawaii law requiring permission to carry guns in stores and hotels

WASHINGTON (AP) - The Supreme Court struck down a Hawaii law requiring people to get permission to carry guns into stores and hotels on Thursday, in its latest opinion backing Second Amendment rights. The high court's 6-3 decision means people can carry guns onto ...
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Average 30-year U.S. mortgage rate rises to 6.49%, little changed from its range the past 6 weeks

The average long-term U.S. mortgage rate edged higher this week, staying close to 6.5%, where it's been the last six weeks. The benchmark 30-year fixed rate mortgage rate rose to 6.49% from 6.47% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the ...
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JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up two more successors for Dimon

NEW YORK (AP) - JPMorgan Chase promoted investment bankers Doug Petno and Troy Rohrbaugh to copresidents of the bank, elevating two potential contenders to succeed Jamie Dimon whenever the longtime CEO step downs from running the nation's largest bank. The bank also announced Thursday that ...
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Rebound in tech shares pushes Asian shares higher, while oil prices fall

BANGKOK (AP) - Shares were mostly higher Thursday in Asia, led by tech-driven gains in Japan and South Korea as major computer chipmakers' stocks surged following upbeat earnings reports from U.S. giants like Qualcomm and Micron Technology. Oil prices fell more than $1, bringing ...
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Strikes, soaring costs and M&A await BHP’s new CEO Craig

By Melanie Burton and Clara Denina MELBOURNE/LONDON, June 25 (Reuters) - Newly minted BHP CEO Brandon Craig faces a crowded in-tray as he takes mining's top job on July 1, from threatened iron ore strikes and ballooning costs to a potential uranium push and a ...
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Australia employment rebounds in May, jury still out on another rate hike

By Stella Qiu SYDNEY, June 25 (Reuters) - Australian employment rebounded in May while the jobless rate ticked lower as expected, data showed on Thursday, a sign of resilience that could support a further lift in interest rates if needed to tame inflation. Separate data ...
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Dollar rides high on Fed rate-hike bets

By Tom Westbrook SINGAPORE, June 25 (Reuters) - A surging dollar has swept past chart resistance and is heading toward its sharpest monthly gain in almost a year on Thursday, as traders bet on a strong U.S. economy propping up short-term interest rates and waited ...
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Fortescue becomes latest Australian miner to face sexual harassment class action suit

By Melanie Burton MELBOURNE, June 25 (Reuters) - Australia's Fortescue, the world's fourth-largest iron ore miner, was hit on Thursday with a class action lawsuit alleging the widespread sexual harassment of women at its remote mining sites. The suit was filed by law firm JGA Saddler, ...
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Lawmakers demand answers as turmoil over Reflecting Pool repair continues

WASHINGTON (AP) - Congressional Democrats called for investigations Wednesday into renovations at the Lincoln Memorial Reflecting Pool, as the ongoing drama over the president's problem-plagued, $16 million rehabilitation project continued to roil the capital. Lawmakers in the House and Senate demanded answers about the ...
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Trump refuses to sign bipartisan housing bill into law. What does that mean for homebuyers, renters?

LOS ANGELES (AP) - A sprawling legislative package aimed at lowering the cost of housing and spurring more home construction won bipartisan approval from Congress this week, but it's hit a major roadblock in becoming law: President Donald Trump. The White House supported the 21st ...
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Global oil prices fall to lowest level since before the Iran War

(NEW YORK) -- Global oil prices on Wednesday fell to their lowest level since before the outbreak of the Iran war.Brent crude futures, the benchmark index for worldwide trading, dropped to $73.50 a barrel. That figure, which amounted to a nearly 5% decline on ...
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