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US Budget Deficit Soars in May After Jump in Spending, Drop in Revenues

The U.S. government's budget deficit surged in May from the same time a year ago, as federal revenues declined and Medicare spending soared.

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World shares at 13-month peak as Wall St scales 2023 highs

Helped by a surge in Tesla Inc, which jumped as much as 5.7%, the S&P 500 rose to levels last seen in August before paring gains. It finished higher 0.1%, the best close since Aug. 16

United statesJerome powellNaomi rovnickKevin bucklandNick macfieChizu nomiyamaArthur hoganMehmet simsekDaniel wallisMark potterTayyip erdoganBen jonesFederal reserveExchange commissionTesla incNasdaq composite

The Retired Investor: Government Bond Borrowing Could Cause Disruption

The Retired Investor: Government Bond Borrowing Could Cause Disruption
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Global shares edge up as Fed pause bets bolster sentiment

By Naomi Rovnick and Kevin Buckland

United statesCity ofUnited kingdomKevin bucklandTayyip erdoganEurope stoxxBen jonesMehmet simsekStephen coatesGerry doyleNaomi rovnickFederal reserveExchange commissionWall streetTreasury general accountChair jerome

Premarket: Global shares edge up as Fed pause bets bolster sentiment

Markets increasingly optimistic that the Federal Reserve will skip a rate increase at its meeting next week

United statesMehmet simsekEurope stoxxTayyip erdoganBen jonesFederal reserveExchange commissionLog increate freeWall streetTreasury general accountChair jeromePresident tayyip erdoganWest texas intermediate

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