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NASA launches rescue mission to save Swift space telescope from burning up in Earth's atmosphere SpaceNasa launches mission to save falling space telescope BBCA Rescue Mission to Save NASA's Swift Telescope Launches to Orbit The New York TimesRescue mission launches to save NASA telescope that's falling back to Earth AP News
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USMNT expecting to have Folarin Balogun back for World Cup quarterfinal, if it makes it The New York TimesUSMNT's Balogun says red card, ban vs. Belgium an 'emotional roller coaster' ESPNUS striker Folarin Balogun says a yellow card, not red card, would have been ‘fair' at the World Cup WRALWorld Cup 2026: Was video replay misused to give red card to USMNT's Folarin Balogun? Yahoo Sports
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Employers added fewer jobs in June than a month earlier but the unemployment rate ticked down, a decent showing for the U.S. economy.
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Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
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After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
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