Economy - PRESS AI WORLD
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ECONOMY
US Faces Severe Penny Shortage as Mint Halts Production

US retailers and banks are grappling with a severe penny shortage as the Mint halts production, impacting cash transactions nationwide.

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ECONOMY
China's Resumed Soybean Purchases Signal New Trade Era with the US

China has agreed to buy 12 million metric tons of US soybeans, marking a return to trade normalcy amid improving relations.

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ECONOMY
BYD Reports Significant Quarterly Profit Decline Amid Domestic Competition

BYD's Q3 profit drops 32.6% year-on-year, facing challenges from domestic competition and adjusting sales targets for future years.

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ECONOMY
Trump and Xi Reach Agreements in High-Stakes Trade Meeting

Trump and Xi's meeting leads to trade agreements aimed at easing US-China tensions.

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ECONOMY
Trump and Xi Reach Preliminary Agreement to Ease Trade Tensions in South Korea

Trump announces a preliminary trade agreement with Xi in South Korea, easing tariffs on rare earths and fostering agricultural trade.

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ECONOMY
OpenAI Plans for Potential $1 Trillion IPO Amid Restructuring

OpenAI is gearing up for a potential IPO valued at $1 trillion, aiming for efficient capital raising amidst significant internal restructuring.

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ECONOMY
US Senate Advances Legislation to Repeal Trump's Tariffs on Brazil and Canada

US Senate votes to repeal Trump tariffs on Brazil and Canada amid rising economic concerns.

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ECONOMY
Federal Reserve Cuts Interest Rates Again Amid Weak Job Market and Government Shutdown

The Federal Reserve lowers interest rates to stimulate economic growth as the job market weakens amid ongoing government shutdown.

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ECONOMY
Federal Reserve Lowers Interest Rates as Labor Market Weakens Amid Government Shutdown

The Federal Reserve cuts interest rates to support a weakening labor market amidst ongoing inflation and a government shutdown.

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ECONOMY
South Korea and the US Advance Trade Talks Amid Diplomatic Flattery

South Korea and the U.S. make progress in trade talks, including reduced tariffs and substantial investments amid diplomatic gestures.

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