United States · Business
Same event, multiple sources, transparently cited.
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US to replace expiring 10% tariff with new forced-labour tariffs and plans 100% generic drug tariff
The US will impose new tariffs on 60 trading partners for forced labour violations and plans a 100% tariff on imported generics starting 2028.
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US Lobbyists Drop Alibaba and Tencent to Comply with Pentagon Restrictions
Washington lobbying firms ended ties with Alibaba and Tencent ahead of June 30 US law barring Pentagon work with lobbyists linked to blacklisted Chinese firms.
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Trump expects Elon Musk to donate SpaceX stock to children’s Trump Accounts program
President Trump said he expects Elon Musk to donate SpaceX stock to the Trump Accounts savings program launching July 4, 2026.
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Gold price falls below $4000 per ounce with largest monthly drop since 2008
Gold price dropped over 1% on June 30, 2026, falling below $4000 amid US rate hike expectations and marking the biggest monthly decline in nearly 18 years.
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Japanese yen hits 40-year low, falling past 162 yen per US dollar on June 30
The Japanese yen dropped to 162.41 per US dollar on June 30, its weakest level since 1986, amid persistent interest rate gaps and fading intervention effects.
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US Stock Indices Rise on US-Iran Tensions Easing and Strong Tech Earnings
US stock indices including Dow Jones, S&P 500, and Nasdaq rose sharply in late June amid easing US-Iran tensions and strong technology sector gains.
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US and Iran agree to halt hostilities and plan further talks amid volatile markets
The US and Iran agreed June 28-29 to stop recent hostilities and resume diplomatic talks, raising cautious hopes amid market swings.
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Comcast to spin off NBCUniversal and Sky into separate publicly traded company
Comcast announced it will separate NBCUniversal and Sky into a standalone public media company within about one year.
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British American Tobacco to cut 5,500 jobs and outsource 3,500 roles worldwide by end 2026
British American Tobacco announced plans to reduce its global workforce by about 20%, cutting 5,500 jobs and outsourcing 3,500 roles by the end of 2026.
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US dollar slips amid cooled Fed rate hike bets; yen nears Japan intervention level
The US dollar declined slightly on June 26 as Fed rate hike expectations cooled, while Japan's yen fell to a 40-year low near intervention territory.
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Supergirl earns $68 million opening weekend, falls short of Warner Bros. expectations
Supergirl grossed $68 million worldwide in its opening weekend but faces major losses for Warner Bros., analysts say.
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Inflation and fuel price hikes raise US travel and food costs over Memorial Day weekend
Inflation rose 3.8% in April and fuel prices surged, pushing travel and food costs higher for 45 million Americans this Memorial Day weekend.
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Experts Warn Global AI Stock Market Faces Risk of Major Bubble Burst
Two Chinese hedge fund managers and financial experts say the AI stock market bubble may collapse soon amid volatile tech sector conditions.
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Gavin Newsom rejects California billionaire tax, calls for national minimum tax on billionaires
California Governor Gavin Newsom opposes a state billionaire tax and proposes a national minimum tax on billionaires today.
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US Stock Funds Post First Outflow Since March on Tech and AI Selloff
US equity funds saw net outflows near $9 billion in week ending June 24, led by record withdrawals from tech and AI funds.
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Global AI Tech Stocks See Sharp Selloff Amid Demand and Inflation Worries
Global AI-related tech stocks plunged last week as concerns over chip demand and inflation rattled markets worldwide.
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US bans sale of Polestar 2027 model under Connected Vehicles Rule
US Commerce Department blocks Polestar’s 2027 model from US sales due to national security rules on vehicle connectivity.
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Mynt, owner of GCash, prepares up to $1.5 billion IPO in Philippines’ largest listing
Mynt Inc will seek up to 92.3 billion pesos ($1.5 billion) in an IPO expected to be the largest in Philippine history.
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US Supreme Court bars Bayer failure-to-warn lawsuits over Roundup weedkiller
The US Supreme Court ruled 7-2 that Bayer cannot be sued under state laws for failure-to-warn claims on Roundup due to federal pesticide law preemption.
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US Commerce Department Blocks Polestar from Selling 2027 EVs in US Under Security Rule
The US Commerce Department denied Polestar permission to import and sell new EVs in the US from model year 2027 due to national security concerns.
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Kioxia to offer U.S. depositary receipts and consider Tokyo stock split in spring 2027
Kioxia Holdings plans a U.S. depositary receipt offering and a domestic stock split in spring 2027 after its fiscal year ends in March.
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NYC Rent Guidelines Board approves one-year rent freeze on one million apartments
New York City's Rent Guidelines Board voted 7-1 to freeze rent increases on roughly one million rent-stabilized apartments starting October 1, 2026.
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Trump Threatens 100% Tariff on Countries with Digital Services Tax on US Firms
President Trump threatened a 100% tariff on imports from countries imposing digital services taxes on American companies.
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US Companies Shift from Aggressive AI Spending to Strategic Token Use Amid Costs
Major US firms are cutting AI token spending after rapid budget overruns and uncertain returns lead to tighter controls and cost shifts.