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Economic Policy

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Stocks are wavering between small gains and losses in the early going on Wall Street as weakness in technology companies is offset by strength in banks and other sectors. The S&P 500 was off 0.1% in the first few minutes of trading Monday. Other indexes were mixed. Trading has been choppy in recent weeks as investors fret over a sudden spike in long-term interest rates in the bond market. The S&P 500 is coming off its first weekly gain in three weeks. Bond yields were moving higher again, and the yield on the 10-year Treasury note rose to 1.59%.

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BEIJING (AP) — Midway through its annual session, China’s ceremonial parliament is focusing on boosting the economy, building self-reliance in technology and further squeezing room for political opposition in Hong Kong. The weeklong meeting of the National People’s Congress, which rubber stamps policies approved by the Communist Party leadership, provides a window into government priorities.

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CANBERRA, Australia (AP) — Australia has suspended its defense cooperation with Myanmar and is redirecting humanitarian aid because of the military takeover of the government and ongoing detention of an Australian citizen.

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WASHINGTON (AP) — America's job market delivered a burst of strength in February. It lifted hopes that the rollout of viral vaccines, the distribution of federal aid and the increasing willingness and ability of consumers to go out and spend will invigorate the economy as the weather warms up.

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WASHINGTON (AP) — Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but that it would likely prove temporary and not enough for the Fed to alter its record-low interest rate policies.

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WASHINGTON (AP) — The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.

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LONDON (AP) — Outlawed Loyalist paramilitary groups in Northern Ireland say they are temporarily withdrawing their support for the historic 1998 peace accord because of the disruption caused by new post-Brexit trade rules.

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MEXICO CITY (AP) — Mexico’s Senate passed an electrical energy bill that favors government-owned generating plants that largely run on fossil fuels Tuesday, putting renewable and private plants at the back of the line for purchasing power.

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WASHINGTON (AP) — As President Joe Biden looks to dismantle the last administration’s hardline immigration agenda, he worked Monday to build a partnership with someone who found an unexpected understanding with Donald Trump: Mexican President Andrés Manuel López Obrador.

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