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California sets new low unemployment record in July

California's unemployment rate fell to 3.9% in July, the lowest point since 1976 as employers in the nation's most populous state continued to defy expectations by adding 84,800 new jobs.
Record-high inflation coupled with a cool-down in the housing market have prompted warnings of an economic slowdown as consumers react to high prices for goods from groceries to gasoline.
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Walmart expands abortion coverage for U.S. employees

Walmart, the U.S.'s largest employer, is expanding its abortion coverage for employees after staying largely mum on the issue for months following the Supreme Court ruling that scrapped a nationwide right to abortion.
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Statistics Canada says retail sales rose 1.1 per cent in June to $63.1 billion

Canadian retail sales increased 1.1 per cent to $63.1 billion in June, boosted by higher sales at gasoline stations and motor vehicle and parts dealers, Statistics Canada said Friday.
However, the agency said its preliminary estimate for July suggests retail sales for that month fell 2.0 per cent, though it cautioned the figure would be revised.
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Nord Stream 1 pipeline to shut for three days at end of Aug, Gazprom says

Russia will halt gas supplies to Europe for three days at the end of the month via its main pipeline into the region, state energy giant Gazprom said on Friday, piling pressure on the region as it seeks to refuel ahead of winter.
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Apple security flaw allows hackers to fully control iPhones, iPads and Macs

Apple has disclosed serious security vulnerabilities for iPhones, iPads and Macs that could potentially allow attackers to take complete control of these devices.
Apple released two security reports about the issue on Wednesday, although they didn't receive wide attention outside of tech publications.
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Nord Stream 1 pipeline to shut for three days in latest fuel blow to Europe

Russia will halt natural gas supplies to Europe for three days at the end of the month via its main pipeline into the region, state energy giant Gazprom said on Friday, piling pressure on the region as it seeks to refuel ahead of winter.
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Asian markets mixed after Wall Street gains on jobs data

Asian stock markets were mixed Friday after Wall Street rose as investors analyzed conflicting economic signals ahead of a Federal Reserve conference next week.
Shanghai, Tokyo and Seoul declined while Hong Kong advanced. Oil prices edged lower but stayed above US$90 per barrel.
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S&P/TSX composite down nearly 200 points, U.S. stock markets also retreat

Canada's main stock index was down nearly 200 points in late-morning trading amid losses in the technology and base metal sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 186.44 points at 20,078.93.
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Stocks fall broadly, S&P 500 set to break winning streak

Stocks fell in morning trading on Wall Street Friday, putting major indexes on track for losses that will end a solid run of weekly gains.
The S&P 500 fell 1.1 per cent as of 10:16 a.m.
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Wayfair is cutting five per cent of its global workforce

Wayfair is cutting nearly 900 jobs, or about per cent of the once-hot online retailer's global workforce, as it looks to regain its financial footing in a post-pandemic future.
The company said in a regulatory filing that the cuts will help it "manage operating expenses and realign investment priorities.
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Back-to-school shoppers return to stores, hunt for deals amid mounting prices

Ceilidh Fear is typically a bargain shopper.
But the mother of two is planning to splurge a little on a back-to-school shopping trip.
"It's the one time of year other than Christmas that I do believe in buying them brand new outfits," said the Victoria, B.C.
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U.S. wants airlines to boost help for stranded, delayed passengers

Transportation Secretary Pete Buttigieg has urged the 10 largest U.S. airlines to do more to assist stranded and delayed passengers and warned the government may adopt new regulations.
In letters to major, regional and low-cost carrier chief executives made public Friday, Buttigieg said the department (USDOT) is "contemplating options" to write new rules "that would further expand the rights of airline passengers.
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China jails Canadian tycoon for 13 years for finance crimes

A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a multibillion-dollar string of financial offenses and his company was fined US$8.1 billion, a court announced.
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