1. Stock futures rally as Wall Street tries to bounce back from first loss in eight sessions US stock futures looked sharp Wednesday as traders attempted to recover from a tech-led pullback in the previous session. The futures of the Dow Jones Industrial Average were up 261 points, or almost …
Read More »US consumer prices rose 0.6% in July, up from the June uptick
Shoppers celebrate Ross Stores Inc. and Target Corp. store locations in San Francisco, California, US, on Thursday, August 6, 2020. David Paul Morris | Bloomberg | Getty Images U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Department of Labor reported on Wednesday that the …
Read More »Stein Mart filed for bankruptcy, plans to close most stores for good
A Stein Mart store in King of Prussia, PA. Google Earth Off-price chain Stein Mart announced Wednesday that it has filed for Chapter 11 bankruptcy protection and plans to close most, if not all, of its stores permanently, adding to the turmoil in a retail sector that has been hammered …
Read More »Facebook deleted seven million posts in the second quarter for false coronavirus information
(Reuters) – Facebook Inc (FB.O) said on Tuesday that it deleted 7 million posts in the second quarter for sharing false information about the new coronavirus, including content that promotes false preventive measures and excessive cures. FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this …
Read More »SoftBank-backed Plenty to supply 430 Albertsons stores in California
An Albertsons store in Laguna Niguel, California Scott Mlyn | CNBC Vertical Farmer Plenty, an ag-tech unicorn backed by SoftBank, announced a partnership with Albertsons on Wednesday, marking the company’s first major retail sale. Under the multi-year agreement, Plenty 430 stores at Albertsons in California will provide four types of …
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