Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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Costco confirms closures for July 4 Independence Day holiday
Costco has confirmed that all warehouse locations will be closed on July 4, 2026, in observance of the Independence Day holiday.
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The Automotive Bifurcation: Manual Transmissions Hold Steady as Luxury Brands Pivot to Electrification
While manual transmissions defy extinction in 2026, automakers like Mercedes-Benz are aggressively launching new EV platforms and simulated combustion experiences.
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Palantir Stock Rebounds as Analysts Praise AI Sovereignty Strategy
Palantir shares climbed following a DA Davidson upgrade and a strategic partnership with NVIDIA, as CEO Alex Karp pushes for enterprise AI data control.
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Palantir CEO Alex Karp Challenges AI Pricing Models as Stock Climbs
Palantir CEO Alex Karp has criticized token-based AI pricing, pushing for data sovereignty as the company’s stock surges following an NVIDIA partnership.
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NYSE at a Crossroads: Tokenization and Institutional Shifts Define Market Landscape
From the debut of tokenized shares to new government-backed investment programs, the NYSE is navigating a period of rapid institutional and technological evolution.
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Bitcoin ETFs Break 10-Day Outflow Streak as Market Sentiment Shifts
U.S. Bitcoin ETFs saw a $221.7 million inflow on July 2, ending a 10-day streak of outflows as cooling inflation and weak job data fuel a major market rebound.
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Owner of Eminent Frog Porridge Charged in S$3.8 Million Tax Evasion Case
The owner of the popular Singaporean dining spot faces 30 charges for alleged tax evasion and money laundering involving S$3.8 million in unpaid taxes.
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Australia’s housing market faces potential 10% correction amid policy shifts
Australia’s property market is cooling following tax reforms, with analysts warning of a potential 5-10% price correction as affordability remains a critical issue.
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Australian Treasurer Jim Chalmers Faces Backlash Over R&D Tax Policy and Administrative Failures
Australian Treasurer Jim Chalmers is under fire from the biotech sector over R&D tax changes and a high-profile administrative error involving a midwife’s refund.
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PIA Resumes Direct Lahore-Manchester Flights, Expanding International Network
Pakistan International Airlines has officially resumed direct flights between Lahore and Manchester, marking a key milestone in restoring its international network.
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Nasdaq Drops 1.4% as Weak Jobs Data and Chip Sector Sell-Off Weigh on Sentiment
The Nasdaq Composite fell 1.4% on July 2 as a disappointing jobs report and a global semiconductor sell-off complicated the interest rate outlook.
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Bitcoin Rallies to $61,600 as Geopolitical Tensions Ease and Oil Prices Drop
Bitcoin climbed over 5% to $61,649 as the reopening of the Strait of Hormuz lowered energy costs and revived investor appetite for risk assets.
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Scotiabank Announces Key Leadership Appointments for Caribbean South and East
Scotiabank has appointed Ambica Bissessar and Ingram Bain to senior leadership roles in its Caribbean South and East operations effective April 1, 2026.
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Canada Launches New Grocery Benefit With 25 Per Cent Payment Increase
The federal government has replaced the GST/HST credit with the new Canada Groceries and Essentials Benefit, offering a 25 per cent payment increase through 2031.
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Apple Shares Rise on Aggressive Product Roadmap and Foldable iPhone Plans
Apple stock climbed 4.1% on July 2, 2026, following reports of a new product roadmap and increased production targets for a foldable ‘iPhone Ultra.’