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Biden dismisses recession fears despite US economy shrinking again in second quarter The President said slower growth was expected compared to last year amid the nation's economic recovery from the Covid-19 pandemic, and said it was "consistent with the transition to a stable, steady growth and lower inflation.".
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Labor market still considered strong after weeks of mixed jobless benefit numbers WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week, but the previous week's number was revised upward significantly, with claims breaching the 250,000 level in back-to-back weeks for the first time in more than eight months.
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JetBlue agrees to buy Spirit for $3.8B. It would create the 5th largest US airline JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation's fifth-largest airline if the deal can win approval from antitrust regulators. The agreement Thursday capped a months-long bidding war and arrives one day after ...
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