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1.4M seek jobless aid, first increase since March

The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing.

China deepens trade war with hike on $75B of US products

China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s planned increase, deepening a trade war.