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U.K. GDP fell 0.1% in April as services activity declined and companies cited pressure from the Middle East conflict.
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Oil prices retreated and stocks rallied after President Trump called off plans for another day of strikes on Iran, saying that a peace deal could be within reach.
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Oil prices fell on Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes that tensions in the Middle East could ease.
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Mr. Clayton, the U.S. attorney in Manhattan and a former chairman of the Securities and Exchange Commission, has been overseeing an office known for prominent cases.
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Elon Musk's rocket company said it would sell more than 555 million shares at $135 each in its blockbuster initial public offering, which is set to begin trading on Friday.
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Oil prices jumped after the United States and Iran exchanged fire for a second day, heightening fears that the two countries could slide back into open conflict.
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President Donald Trump announced on Thursday a new permanent pick to head the Office of the Director of National Intelligence: Jay Clayton.
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The Trump administration cited misspending among the reasons for blocking funds to the Los Angeles Homeless Services Authority. Mayor Karen Bass warned that "people will lose their lives."
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