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Canada posts $1.4B trade deficit in May as imports rose and exports fell

Canada posts $1.4B trade deficit in May as imports rose and exports fell

OTTAWA — Canada posted a merchandise trade deficit of $1.4 billion in May compared with a surplus in April as imports rose and exports fell.
US trade deficit increases to $71.2 billion in May

US trade deficit increases to $71.2 billion in May

WASHINGTON (AP) — The U.S. trade deficit widened in May to $71.2 billion as a small increase in exports was offset by a bigger rise in imports. The Commerce Department reported Friday that the deficit rose 3.1% from the revised April deficit of $69.

Explosion at Romanian oil refinery kills 1, injures several

BUCHAREST (AP) — A large explosion at Romania's largest oil refinery outside the port city of Constanta on Friday left one person dead and several injured, authorities said.
130 countries back deal on global minimum tax for companies

130 countries back deal on global minimum tax for companies

FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.
Trump Organization, CFO indicted on tax fraud charges

Trump Organization, CFO indicted on tax fraud charges

NEW YORK (AP) — Donald Trump’s company and its longtime finance chief were charged Thursday in what prosecutors called a “sweeping and audacious” tax fraud scheme in which the executive collected more than $1.
Richard Branson announces trip to space, ahead of Jeff Bezos

Richard Branson announces trip to space, ahead of Jeff Bezos

CAPE CANAVERAL, Fla. (AP) — Virgin Galactic’s Richard Branson is aiming to beat fellow billionaire Jeff Bezos into space by nine days.
NFL fines Washington $10M after misconduct investigation

NFL fines Washington $10M after misconduct investigation

The NFL has fined the Washington Football Team $10 million and owner Dan Snyder is stepping away from day-to-day operations for several months after an independent investigation found the organization’s workplace “highly unprofessional," especially f

Robinhood's customer ranks grow, revenue soars ahead of IPO

NEW YORK (AP) — Robinhood saw its revenue more than quadruple early this year as the new generation of investors it’s helped empower shook up Wall Street with their newfound trading power.
Oscars invite Steven Yeun, Issa Rae, others to join Academy

Oscars invite Steven Yeun, Issa Rae, others to join Academy

Steven Yeun, Nathan Lane, Issa Rae, Robert Pattinson, Janet Jackson, Leslie Odom Jr. and Laverne Cox are among the artists being invited to join the Academy of Motion Picture Arts and Sciences.
US construction spending fell 0.3% in May, housing slowing

US construction spending fell 0.3% in May, housing slowing

WASHINGTON (AP) — U.S. construction spending fell 0.3% in May. Growth in housing, the economy's standout performer, slowed while activity in areas most directly impacted by the pandemic showed further weakness.