Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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Selena Gomez’s Legal Team Moves to Dismiss Fraud Lawsuit Against Mental Health Startup
Attorneys for Selena Gomez have vowed to dismiss a $1.2 million fraud lawsuit, calling claims that she misled Wondermind investors completely meritless.
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Spencer Spirit Holdings to Acquire Hot Topic in $350 Million Deal
Spencer Spirit Holdings, parent of Spirit Halloween, will acquire Hot Topic from Sycamore Partners for $350 million, expanding its retail footprint to 3,000 stores.
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Michael Burry Doubles Down on AI Bearishness as Micron and QQQ Surge
Investor Michael Burry has increased his short positions against Micron and the QQQ ETF, warning that current AI market euphoria mirrors historical bubbles.
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US Treasury Secretary Bessent Visits Iowa to Review Working Families Tax Cuts
US Treasury Secretary Scott Bessent visited Des Moines to assess the impact of the Working Families Tax Cuts, which officially launched new children’s savings accounts.
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Strategy Faces MSCI Delisting Risk Amid Capital Management Criticism
Strategy faces potential MSCI index removal due to its non-operating business model, while critics warn of forced Bitcoin sales to support its preferred stock.
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Social Security 2027 COLA Projections Point to 3.6% Increase
Projections for the 2027 Social Security cost-of-living adjustment suggest a 3.6% increase, aimed at offsetting inflation for millions of retirees.
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Dusk Reduces Price of Leona Velvet Bedspread Amid Customer Praise
Dusk has discounted its Leona Luxury Quilted Velvet Bedspread to £29, drawing praise from shoppers for its texture and aesthetic impact on bedroom decor.
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Anthropic CEO’s Wife Cami Clark Linked to Past Epstein Outreach
New reports reveal Cami Clark, wife of Anthropic CEO Dario Amodei, once solicited investment from Jeffrey Epstein for a luxury porn venture.
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Southland Dairy Family Finds Niche Success in Paneer Production
A Southland dairy family pivoted from traditional farming to manufacturing high-quality paneer, securing major retail contracts through product integrity.
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Mass Repayment Plan Transitions Spark Widespread Errors and Financial Pressure for Millions of US Debtors
Following court rulings ending the SAVE plan, nearly 8 million US borrowers face severe billing glitches and payment surges up to five times higher.
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Fintech Revaluation: Inside PayPal’s Capital Pivot and the Margin Divide Behind Its 2026 Rally
PayPal stock has rallied 51% since February 2026 as management’s profit shift and $1.5 billion cost-cutting plan offset core branded checkout pressures.
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S&P 500 Hits Record High Following Cooling Wholesale Inflation Data
The S&P 500 reached a record 7,798.99 as flat July wholesale inflation data eased Fed rate hike fears, fueling market optimism and boosting tech stocks.
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U.S. Mortgage Rates Hover Near One-Year Highs as Buyers Navigate High Costs
U.S. mortgage rates remain near one-year highs at 6.614%, forcing homebuyers to navigate affordability challenges as limited supply keeps market prices high.
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Delta Air Lines to Launch Austin-Paris Long-Haul Route in 2027
Delta Air Lines will launch its first long-haul service from Austin to Paris in March 2027, marking a major strategic expansion for the Texas focus city.
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Institutional Crypto Rotation: Ethereum ETFs Outpace Bitcoin in July 2026
July 2026 marked a historic shift as Ethereum ETFs attracted $365M, doubling Bitcoin ETF inflows, driven by staking yield and stablecoin settlement utility.