S&P 500 hits another record as markets shrug Turkey coup
The S&P 500 rose 5.15 points to 2,166.89, a new closing high for the fifth time in six sessions, with the Dow up 16.50 to 18,533.05 and the Nasdaq up 26.19 at 5,055.78. Markets have climbed since February as investors view global economy improving while Turkey's coup attempt briefly unsettled traders.
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U S fuel economy targets face review amid price shifts
U S officials say 2025 fuel economy and emissions goals remain on track but bargain gas prices may push buyers toward less efficient vehicles, triggering a two year review by EPA DOT and California ARB. Real world mileage hovers near 40 mpg versus 54.5 mpg goal, with credits typical in calculations.
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Feds Probe Fiat Chrysler Over False Sales Reporting
Federal prosecutors and investigators from the Justice Department and the SEC scrutinize Fiat Chrysler for alleged securities law violations tied to dealers falsely reporting car sales to inflate results. Napleton dealership group claims an FCA executive offered 20000 for 40 falsified sales, amid a 75 month streak of year over year gains since 2009.
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EU hopes for Greek debt relief by year end
In Athens, EU Economic Affairs Commissioner Pierre Moscovici said a debt relief deal for Greece could be reached by Christmas as Greece seeks relief within its bailout. He urged IMF reengagement and noted Greece’s debt at over 180 percent of GDP with nonperforming loans rising. Moscovici met PM Tsipras and Finance Minister Tsakalotos.
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