Economy
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Tariff refunds begin as administration signals possible rate reinstatement by July
Many tariffs imposed under the International Emergency Economic Powers Act have been invalidated, triggering a large-scale refund process for importers.
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Stock markets close at record highs as optimism grows that Iran conflict may soon end
The S&P 500 closed with a gain of 0.80%, ending at 7,022.95, and the Nasdaq Composite gained 1.59% to close with 24,016.02. The Dow Jones Industrial Average lost 72.27 points, or 0.15%, to close at 48,463.72.
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Markets signal optimism of U.S.-Iran resolution as oil prices fall and stock markets surge
The gains in U.S. stock markets this week have effectively erased the losses markets took since the start of the conflict on Feb. 28.
