The numbers: The cost of many goods and services such as gas, cars, clothing and aircraft elevation rose in July in a rebound of pandemic lows, but inflation is still barely visible in the wake of a recession caused by coronavirus, which putting the demand too much into the whole …
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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 …
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The 112-year-old company blamed its failure to change consumer habits and the pandemic, both of which “caused significant financial distress to our company,” Stein Mart CEO Hunt Hawkins said in a release on Wednesday. Like other retailers, their operations were severely affected after the pandemic forced temporary store closures in …
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Text size Getty Images U.S. equities stand despite the lack of progress in efforts to negotiate another stimulus package and further data showing strengthening inflation. Shortly after the open, the Dow Jones Industrial Average averaged 263 points, or 1%, up 27,950. The S&P 500 also advanced 1%, while the Nasdaq …
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Tesla shares went into premarital trading on Wednesday after Elon Musk’s electric car maker announced a 5-for-1 action split. The company plans to give investors five shares of stock for each share it owns on August 28th. In an effort “to make shareholders more accessible to employees and investors,” it …
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