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Canadian Dollar moves little as traders adopt caution ahead of US-China summit

USD/CAD remains calm after six days of gains, trading around 1.3700 during the Asian hours on Thursday. The pair stays silent as the US Dollar (USD) moves little as market caution prevails ahead of a pivotal summit in Beijing between US President Donald Trump and Chinese President Xi Jinping. Traders will also shift their focus to the US Retail Sales report for April due later in the day.As the world’s two largest economies attempt to…

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Amazon cuts more jobs months after mass layoffs

Amazon cut more jobs this week, with reductions hitting its Selling Partner Services organization this time, a company spokesperson confirmed to Business Insider. Loading audio narration… The layoffs follow roughly 30,000 job cuts announced across waves in October and January. In March, the company also eliminated a small number of…

Business

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Trump’s Golden Dome missile defense could cost .2T, CBO estimates

The Trump administration’s plan for a “Golden Dome” national missile defense system could cost more than $1 trillion to develop and operate over the next two decades, according to an estimate by the nonpartisan Congressional Budget Office (CBO). The CBO on Tuesday published a report which estimated that developing, deploying…

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