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US adds a surprisingly strong 517K jobs despite Fed hikes

The number is a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates.

Emergency 0.5% interest rate cut fails to stop market dread

The surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate. The cut helped raise some confidence, but it did not wipe out the uncertainty dominating markets about how much economic damage the virus will ultimately do.

Colleges received at least $60M from opioid maker owners

Prestigious universities around the world have accepted at least $60 million over the past five years from the family that owns the maker of OxyContin, even as the company became embroiled in lawsuits related to the opioid epidemic, financial records show.

Consumer watchdog agency probes Juul, 5 more vaping firms

The announcement Thursday from the Federal Trade Commission comes amid a nationwide crackdown on e-cigarettes as politicians and health authorities try to reverse an explosion of underage vaping by U.S. teenagers.

EU court rules Facebook can be forced to remove content worldwide

The European Union’s highest court ruled Thursday that individual member countries can force Facebook to remove what they regard as unlawful material from the social network all over the world — a decision experts say could hinder free speech online and put a heavy burden on tech companies.

US-Europe dispute threatens world’s biggest trade link

The trade wars threatening to push the global economy into recession are entering a new phase, with the United States and European Union escalating a dispute that endangers the world’s biggest trade relationship.

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