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The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day after the Federal Reserve raised interest rates by three quarters of a percentage point to a range of 2.25%-2.50% in an effort to slow growth and ease price pressures.
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Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.
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Senate Democrats aim to dodge COVID and surprises from within their own ranks to pass a $430 billion bill.
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A huge video panel fell on stage during a concert by popular Hong Kong boyband Mirror, crushing one performer and trapping others, prompting a government investigation and suspension of future shows.
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How Russia spread a secret web of agents across UkraineThe strategy helped Russia capture Chornobyl with little resistance
Talking Points
- Kentucky floods kill at least 8, more deaths expected, governor says, article with videoUnited States ·
July 28, 2022 Flooding in eastern Kentucky has caused at least eight deaths, Governor Andy Beshear said on Thursday, and the death toll is expected to reach double digits as water continues to rise.