Back-and-forth trade moves leave businesses uncertain, wary. Banks and tech stocks drag market to 2nd straight loss. Businesses showing discontent with Trump's trade policies.
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The Early Bird Newsletter

Monday, June 17th

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Back-and-forth trade moves leave businesses uncertain, wary
Politics

Back-and-forth trade moves leave businesses uncertain, wary

Jeff Schwager is wondering whether it truly makes sense to sell his company's cheese outside the U.S. Schwager's company, Sartori, faced potential retaliatory tariffs from Mexico when President Donald Trump threatened nearly two weeks ago to reopen a trade war with Mexico to pressure ...

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Gregg Maloney, James Riley
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Banks and tech stocks drag market to 2nd straight loss

Stocks closed modestly lower on Wall Street Wednesday, handing the market its second straight loss. Banks and technology companies accounted for much of the slide as investors shifted money into U.S. bonds, precious metals and other holdings considered safe havens after more than a we...

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Businesses showing discontent with Trump's trade policies
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Businesses showing discontent with Trump's trade policies

President Donald Trump's aggressive and wildly unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party. Corporate America was blindsided last week when Trump threatened to impose crippling taxes on Mexican import...

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China's trade rep says 'external pressures' can help economy
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China's trade rep says 'external pressures' can help economy

Chinese media reported Thursday that the country's top trade negotiator said "external pressures" can help the country's economy. Vice Premier Liu He, speaking at a forum in Shanghai, described the pressures that China is currently facing as an "inevitable test," according to Hong Kon...

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May budget deficit hits record $207.8 billion
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May budget deficit hits record $207.8 billion

The federal government's budget deficit in May rose to a record $207.8 billion, 41.5% higher than a year ago. Most of that increase reflected the impact of calendar quirks that shifted $55 billion in June benefit payments into May. The Treasury Department said Wednesday that the incre...

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Upstart Rory Stewart takes on UK Tory favorite Boris Johnson
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Upstart Rory Stewart takes on UK Tory favorite Boris Johnson

The populist and the pragmatist: of the 10 candidates running to become Britain's next prime minister, they're the ones generating most of the buzz. The populist is former Boris Johnson, who ran London as mayor for eight years until 2016 and then became Britain's foreign secretary unt...

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CVS HealthHUB
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US consumer prices edged up 0.1% in May

U.S. consumer prices increased a slight 0.1% in May, as inflation was tempered by lower costs for gasoline, electricity and used cars. The Labor Department said Wednesday that the consumer price index rose 1.8% during the past year. Excluding the volatile food and energy categories, c...

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Venezuela's massive blackout sparks boom in generator sales
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Venezuela's massive blackout sparks boom in generator sales

As Venezuela's crisis deepens, the sale of electric generators is one of the few growth industries in the once-wealthy oil nation, whose residents struggle to get through each day as public services crumble

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The Latest: 1 arrested on abuse charges at Indiana farm
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The Latest: 1 arrested on abuse charges at Indiana farm

Authorities have arrested one of three people charged with animal cruelty following the release of video showing workers kicking and throwing young calves at a northwestern Indiana dairy farm that's an agritourism destination

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Ajit Pai
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FCC wants to fix maps that now overstate broadband coverage

U.S. telecom regulators are trying to fix faulty maps that don't reflect which Americans have access to high-speed internet. Lawmakers and public-interest groups have lambasted the Federal Communications Commission for inaccurate maps that overstate coverage and hinder government effo...

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EU asks Italy to better explain debt or face legal action
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EU asks Italy to better explain debt or face legal action

Europe's economy commissioner on Wednesday urged the Italian government to quickly provide any new information it might have to explain its high debt levels or face the prospect of imminent legal action. Pierre Moscovici told reporters that "we stand ready to take into account any new...

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France pledges to reform economy, boost competitiveness
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France pledges to reform economy, boost competitiveness

France's prime minister says the government of President Emmanuel Macron plans to keep reforming the economy and will look at unemployment benefits, the pension system and tax cuts for middle-class workers

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Agency: Safeguards failed in fire that killed 5 at gas well
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Agency: Safeguards failed in fire that killed 5 at gas well

The failure of safety devices designed to prevent blowouts contributed to an explosion and fire that killed five workers last year at a southeastern Oklahoma natural gas well, according to a federal agency's report Wednesday that also lists inadequate training and a deactivated alarm system as facto...

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