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US oil firms, Iraq sign partnership deals

WASHINGTON — U.S. companies signed roughly $60 billion in agreements and partnerships with the Iraqi government Friday, including deals intended to create alternative routes for shipping oil out of the Persian Gulf. The deals, signed at the U.S. Chamber of Commerce, also involved other ...

FAA: Boeing can resume self-certifying Max jets

Boeing will be allowed to take responsibility for certifying all of its 737 Max and 787 planes starting next week, the Federal Aviation Administration said Friday. The FAA said that after months of review the agency decided that Boeing’s final safety checks on its planes are good enough to ...

Ticker: Trump media firm plans to sell high speed access

President Donald Trump’s media company is planning to charge for special high-speed access to Truth Social posts, including possibly his own affecting national security and financial markets. The move announced Thursday would allow Wall Street trading firms and other institutions to get ...

Trump administration races to rebuild tariffs

The U.S. Treasury last year swelled with revenue from President Donald Trump’s double-digit taxes on imports from almost every country on earth. But the money dried up after the Supreme Court struck down the biggest and boldest of Trump’s tariffs in February. The question now is: Can the president’s trade team make good on its promise to replace the lost revenue? A deadline is approaching rapidly. After the Supreme Court setback, the president turned first to Section 122 of the Trade Act of 1974 to impose 10% tariffs globally. But Section 122 only authorizes tariffs for 150 ...

Retail sales up just 0.2% in June

NEW YORK — Shoppers slowed their spending in June from May, as they spent less to fill their gas tank because of falling gas prices. But the report, released by the Commerce Department on Thursday, showed consumers’ continued resilience despite ongoing economic uncertainty as they bought cars and took advantage of summer sales events. Retail sales rose 0.2% in June, after being up a revised 1% in May, according to the report. Outside of gas stations, retail sales rose a solid 0.7%, according to the report. The government figures aren’t adjusted for inflation so last month’s ...

Ticker: Buffett says his kids will give away fortune

Billionaire Warren Buffett says his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates’ ties to convicted sex offender Jeffrey Epstein. Buffett told CNBC ...