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Wednesday, June 19, 2024

Trade deficit expected to widen modestly

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Global trade flows collapsed earlier in the recession, but recovery is now taking hold. In the U.S., both exports and imports rose decisively in the third quarter and are expected to continue growing modestly, barring a further setback, economists estimate. See full story.

House passes historic health-care reform bill

House Democrats pass cornerstone of Obama’s domestic policy on 220-215 vote. Only one Republican supports the legislation. See full story.

U.S. stock market caught by discord about recovery

Another weeek of rough sailing awaits investors. See full story.

Stocks in focus for Monday

Shares of Electronic Arts, Fluor, McDermott and MBIA are expected to see active trade. See full story.

California bank failure to cost FDIC $1.4 billion

San Francisco-based United Commercial Bank, which received federal bailout funds in 2008, and four other banks are taken over bny regulators on Friday. See full story.


We’re No. 6! OK, so it’s not really something worth boasting about, but at least the U.S. can claim its retirement-income system is better than at least five others, according to a first-of-its-kind study ranking the retirement-income systems of 11 countries. See full story.


How does eight weeks off per year sound to you? That’s what workers in Brazil and Lithuania enjoy – and Finland, France, Russia, Austria and Malta aren’t far behind. See full story.

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