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China’s passenger car exports are up 80% in June as EV demand grows, while sales drop at home

HONG KONG (AP) - China's passenger car exports surged 80% in June from a year earlier, mainly due to strong demand for electric vehicles, though domestic sales fell 26%. In the first half of this year, Chinese passenger vehicle exports jumped 72% to more than ...
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PepsiCo says economic concerns weighed on customers in North American during recent quarter

NEW YORK (AP) - PepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns. The food and beverage giant said Thursday that its net revenue rose 6.4% to ...
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Canada’s Carney visits Saudi Arabia as the prime minister seeks to expand ties with kingdom

TORONTO (AP) - Canada's Prime Minister Mark Carney arrived in Saudi Arabia on Wednesday - the first visit to the kingdom by a Canadian leader in 26 years - as he seeks to expand his country's economic ties beyond its heavy reliance on the ...
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John Deere owners will get the right to repair their own equipment under a new FTC settlement

It looks like John Deere owners can soon feel free to fix their own machines. The Federal Trade Commission and attorneys general from several states secured a right-to-repair settlement Wednesday with agriculture equipment giant Deere & Co. - commonly known as John Deere - that ...
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OpenAI launches GPT-Live voice models that listen and speak simultaneously

July 8 (Reuters) - OpenAI on Wednesday launched GPT-Live, a new family of voice models capable of listening and speaking simultaneously in real time. The IPO-bound AI startup said it will roll out two versions of GPT-Live - GPT-Live-1 and GPT-Live-1 mini - to users ...
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Do heat waves damage the economy? Experts explain

(NEW YORK) -- A heat wave blanketed a vast swathe of the United States over the 4th of July weekend, threatening the health of tens of millions of people and the power supply for thousands of homes.A lesser-known risk of extreme heat, meanwhile, may ...
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Oil prices climb and stocks fall after Trump says he thinks Iran agreement ‘over’

(NEW YORK) -- Oil prices climbed and stocks tumbled in early trading on Wednesday after President Donald Trump said he believes an agreement with Iran is "over" amid an exchange of strikes in the Middle East.Brent crude, the benchmark measure for worldwide oil trading, ...
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JPMorgan hires veteran banker Michael Flynn to lead small-cap banking business

July 8 (Reuters) - JPMorgan Chase has hired veteran banker Michael Flynn to lead a newly created banking business, according to a memo seen by Reuters on Wednesday. Flynn joins as head of small-cap investment banking, which expands the bank's existing mid-cap franchise to ...
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China plans to let top AI firms buy limited amount of Nvidia H200 chips, the Information reports

July 8 (Reuters) - China is planning to let top AI companies buy a limited amount of Nvidia's H200 chips, the Information reported on Wednesday. Chinese officials have told Alibaba, ByteDance and DeepSeek in recent weeks that they may soon receive permission to buy ...
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Chevron offers rival drillers its chemical technology to boost shale oil output

By Sheila Dang HOUSTON, July 8 (Reuters) - Chevron will allow rival oil producers to buy a chemical technology it developed to boost production from shale wells, the company said on Wednesday, as part of a broader push to increase U.S. oil output. The move comes ...
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Brazil’s Natura sees second quarter revenue down 9% to 10% year-on-year

SAO PAULO, July 8 (Reuters) - Brazilian cosmetics maker Natura on Wednesday reported preliminary second-quarter consolidated net revenue between 5.1 billion reais and 5.2 billion reais ($1.01 billion), down 9% to 10% from a year earlier. Despite the sales decline, Natura said it expected reported ...
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Obamacare premiums surged this year. A new analysis shows it’s likely to happen again in 2027

NEW YORK (AP) - Many Americans straining to pay for Affordable Care Act health insurance are unlikely to get relief next year, according to a new analysis that shows insurers in the marketplace are proposing a second straight year of double-digit premium hikes. Across the ...
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