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Shorter-dated Treasury yields edged higher Thursday, as traders weighed the prospect of interest rate rises.
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Optimism over a Strait of Hormuz deal pushed the Dow to a record high and its fifth positive day in a row, while oil extends a cooling trend.
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Progressive candidate Abdul El-Sayed will win the Michigan Senate Democratic primary, defeating moderate Rep. Haley Stevens, the Associated Press projected on Wednesday.
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The defense secretary's estimate, revealed at a combative Senate hearing, is up from the $25 billion Pentagon officials gave in late April. NBC News has reported the amount is much higher.
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