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Trending: Asian shares advance, yen slips after AI stocks push higher on Wall Street
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US purchased Argentine pesos after top finance officials meeting, Bessent says

(Reuters) -The United States purchased Argentine pesos and finalized a $20 billion currency swap framework with Argentina’s central bank after a meeting between the two countries’ top finance officials in Washington this week, U.S. Treasury Secretary Scott Bessent said on Thursday. “The U.S. Treasury is ...
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US 30-year fixed mortgage rate falls; prospective buyers stay on the sidelines

WASHINGTON (Reuters) -U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines. The average rate on the popular 30-year fixed-rate mortgage dropped to 6.30% from 6.34% last week, mortgage finance agency Freddie Mac said ...
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Analysis-‘Every electron counts’: Why renewables stocks are back in play

By Danilo Masoni MILAN (Reuters) -A return of fund inflows into renewable energy stocks is helping to breath new life into these companies’ shares, powering their strongest quarterly rise since the sustainability boom early this decade. After two years of bearish sentiment and relentless redemptions ...
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Short-bias ETFs see big inflows on stock market pullback bets

By Patturaja Murugaboopathy (Reuters) -Short-bias exchange-traded funds, which bet against stock indexes and fast-rising sectors like technology and artificial intelligence, are drawing strong inflows as lofty prices and policy risks spur some investors to position for a pullback. According to LSEG Lipper data, global short-bias ...
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Pope meets with Chicago union leaders, urges migrant welcome as crackdown underway in hometown

ROME (AP) — Pope Leo XIV urged labor union leaders from Chicago on Thursday to advocate for immigrants and welcome minorities into their ranks, weighing in as the Trump administration crackdown on immigrants intensifies in the pontiff’s hometown. “While recognizing that appropriate policies are necessary ...
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Earnings brief: Delta sees momentum through year end driven by premium customers

NEW YORK (AP) — Delta Air Lines reported strong profit and revenue growth for the busy summer travel season and expects that momentum to carry through to the end of the year. Revenue momentum picked up during the quarter as some uncertainty started to clear ...
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Alliance Laundry valued at $4.8 billion as shares rise in NYSE debut

(Reuters) -Alliance Laundry Systems was valued at nearly $4.83 billion after its shares jumped 11.4% in their New York debut on Thursday, making the commercial laundry machine maker the latest to capitalize on a buoyant listings market. Shares of the Ripon, Wisconsin-based Alliance opened ...
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US, Saudi chips agreement could be finalized soon, WSJ reports

(Reuters) -The U.S. and Saudi Arabia are advancing on an agreement that would allow U.S. chip companies to export semiconductors to Saudi Arabia and a deal could be finalized soon, the Wall Street Journal reported Thursday, citing people familiar with the matter.(Reporting by ...
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Turkish Airlines may switch Boeing 737 order to Airbus if engine talks fail, chair says

By Marie Mannes and Tim Hepher STOCKHOLM/PARIS (Reuters) -Turkish Airlines could switch a recently announced order for Boeing 737 MAX jets to rival Airbus if talks with engine supplier CFM fail to make progress, the airline’s chair Ahmet Bolat said. The unexpected warning comes after the ...
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AP reader question: How might the federal shutdown affect the economy?

Here’s a question about the shutdown submitted by an Associated Press reader, Ryan S.: Shutdowns of the federal government usually don’t leave much economic damage. But the one that started Wednesday looks riskier, not least because President Donald Trump is threatening to use the standoff ...
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High stock valuations sparking investor worries about market bubble 

By Chibuike Oguh NEW YORK (Reuters) -The steep rally in Wall Street stocks is sparking worries among investors of a bubble forming, which could lead to a significant correction. Optimism over the prospects of artificial intelligence has lifted the valuations of several technology heavyweights including Nvidia, ...
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Ferrari reveals features of first fully electric vehicle, raises 2026 forecasts

MILAN (AP) — Italian luxury sports carmaker Ferrari raised its 2025 guidance on Thursday, despite global 15% tariffs on foreign car imports to the United States, as the company unveiled the new powertrain and chassis of its first fully electric production vehicle. Ferrari CEO ...
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