Inflation fears deepen as U S stocks slip on inflation worries
U S stocks fell again led by tech as inflation concerns persist. The S&P 500 slid to 4163.29, the Dow dipped to 34327.79 and the Nasdaq eased to 13379.05 while energy and metals stocks rose and smaller caps edged higher.
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Biden's 2.3 trillion plan aims at green vehicle growth
The plan targets electric buses and a Ford F-150 EV, with Blue Bird and Ford expanding in Michigan and Georgia. It centers on government investment to shift automaking toward carbon free energy, backed by higher corporate taxes and a push for 500,000 charging stations by 2030.
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EU pauses tariff escalation in U S EU steel trade dispute
The European Union suspended automatic tariff increases on some U S products, signaling a move to reboot trans Atlantic ties. The accord stems from the 2018 Article 232 tariffs that sparked mutual retaliation including bourbon and jeans, with industry leaders cheering relief at avoiding a 50 percent whiskey tariff. Brown Forman and the Distilled Spirits Council welcomed the agreement.
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Russia allows Twitter access after partial slowdown capped
Moscow backs away from blocking Twitter saying the platform deleted most prohibited content and shows readiness for dialogue Roskomnadzor notes 91 percent of banned material removed leaving about 563 posts including child pornography drugs and extremism still accessible Twitter pledges zero tolerance for abuse and supports rapid content removal to comply with Russian law
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