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Putin to visit Chinese leader Xi Jinping days after Trump's trip to Beijing AP NewsChina Will Host Putin, Days After Trump's Visit The New York TimesDays after Trump's summit in Beijing, Putin will meet with China's Xi CBS NewsRussia's Putin to visit China following Trump's trip Al Jazeera
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The small-cap Russell 2000 led U.S. stocks lower on Friday — yet it has outperformed all major indexes except the Nasdaq in 2026.
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I lost my flight attendant job when Spirit shut down. I've had to manage my emotions and am hopeful I'll find new work soon. Business InsiderMeet the pilots flying Spirit Airlines' yellow jets to the desert CNBCSpirit Was the Only Airline in Town. Now What? The New York TimesThe World's Highest-Flying Repo Men Are Collecting Spirit Airlines' Jets WSJ
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The Countries Profiting From the War Oil Shock, as Others Lose Out The New York TimesGlobal oil stockpiles could hit record lows if Strait of Hormuz remains closed CNBCMapping the Iran war's trade disruption The EconomistOil Prices Stay Stuck Despite ‘Consensus' That Strait of Hormuz Will Reopen in June Barron's
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Scientists find hidden brain nutrient deficit that may fuel anxiety ScienceDailyA Common Nutrient May Play a Surprising Role in Anxiety SciTechDailyAnxiety may leave a chemical fingerprint in the brain that is linked to a common food nutrient Earth.comCholine's Crucial Impact on Brain Development Bioengineer.orgPeople With "Anxious Brains" Are Low In This Nutrient, New Study Shows MindBodyGreen
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IDF confirms death of Hamas military chief following Gaza strike The Jerusalem PostIsrael carries out strike targeting most senior Hamas military leader in Gaza CNNIsrael says it killed a top Hamas leader PBSIsraeli Strike Targeted Top Hamas Leader in Gaza, Officials Say The New York TimesIsrael says strike targeted the
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Thursday marked another day of choppy trading for stocks as investors considered a round of data that showed the U.S. economy remained resilient even in the face of the Federal Reserve's aggressive rate-hike campaign.
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Ahead of this morning's open, data from the Labor Department showed weekly jobless claims fell for a fifth straight week, underscoring strength in the labor market. Additionally, the Commerce Department said retail sales rose 0.3% month-over-month in August, beating economists' expectations for a slight decline in consumer spending.
"This [retail sales] report is not good for the Fed's goals of slower inflation," says José Torres, senior economist at Interactive Brokers. "The Fed would like to see consumers slow down their spending and debt accumulation to slow down inflation. Higher rates provide an incentive to save, not to spend, and that's part of the reason why tighter monetary policy brings down demand and inflation." As such, Torres says the market is not only expecting a 75 basis-point rate hike at next week's Fed meeting, but one at the November meeting too. (A basis point is one-one hundredth of a percentage point.)
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By the close, the market had taken a decisive turn lower as the 10-year Treasury yield jumped 3.5 basis points to 3.447%. The tech-heavy Nasdaq Composite suffered the worst of it, slumping 1.4% to 11,552. However, the S&P 500 Index (-1.1% to 3,901) and the Dow Jones Industrial Average (-0.6% at 30,961) also ended solidly in the red.
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