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US goods trade deficit contracts, still expected to subtract from Q2 GDP growth

US goods trade deficit contracts, still expected to subtract from Q2 GDP growth

By Lucia Mutikani WASHINGTON, July 28 (Reuters) - The U.S. trade deficit in goods narrowed in June amid a broad decline in imports, but the improvement was probably insufficient to prevent trade from again subtracting from economic growth in the second quarter.
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U.S. Goods Trade Deficit Narrows Amid Decline in Imports, Impact on GDP Growth Expected

U.S. Goods Trade Deficit Narrows Amid Decline in Imports, Impact on GDP Growth Expected

U.S. Goods Trade Deficit Narrows Amid Decline in Imports, Impact on GDP Growth Expected
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Oil touches over one-week low as pause in attacks brings hope of US/Iran deal

Oil touches over one-week low as pause in attacks brings hope of US/Iran deal

By Anushree Mukherjee July 28 (Reuters) - Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week as hopes for a resolution to the U.S.-Iran conflict grew and traders continued to assess developments in the Middle East.
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Oregon Gas Prices Remain High Amid Eased Middle East Tensions

Oregon Gas Prices Remain High Amid Eased Middle East Tensions

Oregon continues to experience high gas prices, with the average cost of regular gasoline reaching $4.64 per gallon, making it the sixth-highest in the nation. This comes despite a recent decrease in crude oil prices following a pause in hostilities between the U.S. and Iran. The national average for regular gasoline has increased to $4.10 per gallon. Diesel prices have also risen, with Oregon's average climbing to $5.48 per gallon. The ongoing conflict in the Middle East, particularly the reduced shipping traffic through the Strait of Hormuz, continues to impact global oil supplies and prices. The Strait of Hormuz is a critical passageway for about 20% of the world's oil, and any disruption can significantly affect oil prices.
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Most of Wall Street rises as oil prices ease, even as chip stocks keep dropping

Most of Wall Street rises as oil prices ease, even as chip stocks keep dropping

Most U.S. stocks are rising after Coca-Cola and other companies reported stronger profits for the spring than analysts expected
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Oil rises as US-Iran tension escalates after Iraq strikes, missile attack

Oil rises as US-Iran tension escalates after Iraq strikes, missile attack

By Laila Kearney and Emily Chow SINGAPORE, July 29 (Reuters) - Oil prices rose more than $3 a barrel on Wednesday after joint strikes in Iraq by the United States and Saudi Arabia, and the interception of Iran's ballistic missiles aimed at U.S. forces in the Middle East, while U.S. crude inventories
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AI spending boosts US core capital goods orders, shipments in June

AI spending boosts US core capital goods orders, shipments in June

By Lucia Mutikani WASHINGTON, July 27 (Reuters) - New orders for key U.S.-manufactured capital goods increased strongly in June while shipments surged as businesses ramped up spending on artificial intelligence, suggesting the economy maintained a fairly strong pace of growth in the second quarter.
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US core capital goods orders rise, shipments post largest gain in 4-1/2 years amid AI investment boom

US core capital goods orders rise, shipments post largest gain in 4-1/2 years amid AI investment boom

By Lucia Mutikani WASHINGTON, July 27 (Reuters) - New orders for key U.S.-manufactured capital goods increased strongly in June while shipments surged by the most in 4-1/2 years as businesses ramped up spending on artificial intelligence, suggesting the economy maintained a fairly strong pace of
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U.S. Goods Trade Deficit Narrows but Continues to Impact GDP Growth

U.S. Goods Trade Deficit Narrows but Continues to Impact GDP Growth

U.S. Goods Trade Deficit Narrows but Continues to Impact GDP Growth
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Global stocks climb, oil slides after pause in Middle East fighting

Global stocks climb, oil slides after pause in Middle East fighting

By Wayne Cole and Sruthi Shankar July 27 (Reuters) - Global stock markets climbed on Monday as easing Middle East hostilities sent oil prices sharply lower and eased inflation worries ahead of a packed week of central bank meetings and earnings reports.
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Mediators see progress in diplomatic efforts to halt Iran war, 2 regional officials say

Mediators see progress in diplomatic efforts to halt Iran war, 2 regional officials say

Mediators have made progress in efforts to bring the United States and Iran back to negotiations and prevent an all-out war in the Middle East, according to two regional officials
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Shein Faces Financial Losses Amid Trump Tariffs and Global Trade Challenges

Shein Faces Financial Losses Amid Trump Tariffs and Global Trade Challenges

Shein Faces Financial Losses Amid Trump Tariffs and Global Trade Challenges