Economy - PRESS AI WORLD
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ECONOMY
U.S. Economy Grows at Strong 3.8% Rate in Second Quarter Boosted by Consumer Spending

The U.S. economy grew 3.8% in the second quarter, primarily driven by strong consumer spending and reduced imports.

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ECONOMY
Surge in New Home Sales Drives Expectations in U.S. Housing Market

New home sales in the U.S. have surged, prompting speculation about market trends as mortgage rates decline.

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ECONOMY
Apple Calls for Repeal of Digital Markets Act, Citing User Experience and Security Risks

Apple urges the EU to repeal the Digital Markets Act, claiming it adversely affects user experience and poses security risks.

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ECONOMY
North Carolina Passes "Iryna's Law" Following Fatal Stabbing of Ukrainian Refugee

North Carolina legislature approves 'Iryna's Law' to reform pretrial conditions and revive the death penalty after the stabbing of Iryna Zarutska.

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ECONOMY
X-Press Feeders Rejects $1 Billion Damages for Sri Lanka Pollution Incident

X-Press Feeders refuses to pay $1 billion in damages for pollution caused by the MV X-Press Pearl, raising concerns for global shipping.

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ECONOMY
Kenvue Stock Volatile After Trump's Autism Claims Linking Tylenol

Kenvue stock saw a sharp bounce after President Trump's claims linking Tylenol to autism, despite analysts noting limited legal risks.

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ECONOMY
US Trade Deals with ASEAN Nations Amidst Tariff Concerns

US Trade Representative discusses new deals with ASEAN nations as tariffs impact regional economies.

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ECONOMY
Malaysia Announces Lower RON95 Fuel Prices with Monthly Limits for Citizens

Malaysia will lower RON95 fuel prices for citizens while introducing monthly purchase limits to manage costs.

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ECONOMY
Amazon faces trial for allegedly misleading customers into Prime membership

Amazon is on trial for allegedly tricking customers into Prime membership and making cancellations difficult, raising questions about subscription practices.

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ECONOMY
Spirit Airlines to Furlough Approximately 1,800 Flight Attendants Amid Financial Restructuring

Spirit Airlines will furlough about 1,800 flight attendants as it restructures to address ongoing financial challenges.

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