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Economic News

China's Commerce Ministry Blocks US Sanctions Against 5 Refineries

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04 May 2026
China's Ministry of Commerce said on Saturday it had issued an injunction to block U.S. sanctions imposed on five Chinese refiners accused of buying Iranian oil, according to state news agency Xinhua. The ministry named the five as Hengli Petrochemical (Dalian) Refinery,...
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Democrats Lack Affordability Crisis Solutions

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04 May 2026
Affordability will be a big club for Democrats in the midterm elections.Voters are angry about high prices for essentials like gasoline, insurance, groceries, housing, and childcare.
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China's Alternative to US SWIFT System Soars

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04 May 2026
The Chinese yuan is rapidly gaining traction as a fallback currency for U.S.-sanctioned nations, with Iran and Russia increasingly ditching the dollar to keep trade flowing.
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Federal Govt to Blame for Spirit Shutdown

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04 May 2026
The recent announcement of Spirit Airlines' impending liquidation marks a tragic day in the history of American aviation.
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Oil Shock: Why the Global Economy Is Holding Up

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04 May 2026
Two months into the gravest energy shock since the 1970s, the global economy, including that of the U.S., is still standing.
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Fed dissenters explain 'no' votes, saying they disagreed with hinting next move would be a cut

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02 May 2026
Federal Reserve officials who voted this week against the post-meeting statement said they didn't think it was appropriate to signal that the next interest rate move would be lower.
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More Articles …

  1. UK exports to U.S. plunge by 25% after Trump's 'liberation day' tariffs blitz
  2. Inside the Fed: Powell vows he won't be a 'shadow chair,' but a Warsh clash will be tough to avoid
  3. Gas Jumps to $4.39 a Gallon
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