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Dow turns lower heading toward closing bell, while S&P 500, Nasdaq rise in choppy stock-market trade
U.S. stock benchmarks were up Tuesday afternoon, after three days of heavy losses, but the Dow Jones Industrial Average was…
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Here’s a list of 50 companies that are well-armed to beat back inflation
Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX,…
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Tech stock rout sees Tiger Global lose $17bn
The hedge fund Tiger Global has lost roughly two-thirds of the cumulative gains it has made for investors since its…
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New York Gov. Hochul tests positive for COVID, as two omicron subvariants spread across Empire State
New York Gov. Kathy Hochul tested positive for COVID-19 on Sunday, becoming the latest political leader to contract the SARS-CoV-2…
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Shopify to Buy E-Commerce Fulfillment Specialist Deliverr for $2.1 Billion
Shopify Inc. has agreed to buy U.S. fulfillment specialist Deliverr Inc. for $2.1 billion in a cash-and-stock deal, as the…
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New study finds omicron no less severe than earlier variants, and not just more transmissible
A new study conducted by researchers at Harvard Medical School among others has found that the omicron variant of the…
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Omicron caused spike in deaths in vaccinated people, analysis finds, though unvaccinated remain most at risk
The omicron variant of the coronavirus that causes COVID-19 that has swept across the U.S. since late last year has…
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South Africa hit by new subvariants of omicron that have been detected in the U.S. in small numbers
A surge in COVID-19 cases in South Africa fueled by two new subvariants of omicron has raised concerns that they…
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Dow drops more than 700 points as S&P 500, Nasdaq head for worst month since March 2020
U.S. stocks were trading sharply lower Friday afternoon, as investors weighed fresh inflation data while technology-related stocks suffered after disappointing…
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U.S. employment costs accelerate in first quarter, adding to inflation worries
The numbers: The U.S. employment cost index rose 1.4% in the first quarter, up from a 1% gain in the…
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Amazon looks to cut costs after first loss in seven years sends stock careening lower
Amazon.com Inc. reported a loss of nearly $4 billion in the first quarter of 2022 as inflationary pressures added costs,…
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Pandemic is not over yet, says Dr. Fauci, and WHO says omicron accounted for 99.7% of all cases sequenced in latest week
Just hours after saying the U.S. was out of the “pandemic phase,” Dr. Anthony Fauci, President Joe Biden’s chief medical…
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Dr. Fauci clarifies ‘pandemic is not over’ yet — U.S. is out of ‘acute’ phase
Sorry, we’re actually not out of the pandemic yet, Dr. Anthony Fauci clarified on Wednesday. But we are out of…
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CDC study highlights speed with which omicron variant infected Americans, and WHO warns testing is still crucial
A report from the Centers for Disease Control and Prevention is highlighting just how many Americans have been infected with…
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White House makes push for access to COVID antiviral, urges Congress to fund next leg of pandemic response
President Joe Biden’s administration is pushing to expand the availability of COVID-19 antiviral treatment Paxlovid and is moving to raise awareness…
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AB Foods 1H Profit Soared; Primark to Raise Prices to Tackle Inflation Effects — Update
By Sabela Ojea Associated British Foods PLC reported Tuesday a significant rise in adjusted operating profit for the first half…
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Zappos Names Amazon Executive as Its First CMO
Zappos.com Inc. has named Amazon executive Ginny McCormick as its first chief marketing officer in its 23-year history. Ms. McCormick…
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Consumer sentiment rebounds in April as gas prices ease, UMich survey finds
The numbers: The University of Michigan’s gauge of consumer sentiment rose in April to 65.7, a more than 10% increase…
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Retail sales rise 0.5% — but high gas prices and inflation take bite out of U.S. households
The numbers: Sales at U.S. retailers rose a mild 0.5% in March and a large part of the increase reflected…
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‘Beer man here… for your empties’: Anheuser Busch and MLB will add recycling hawkers to the stands
Anheuser-Busch is linking up with Major League Baseball and the National Football League to launch what it’s calling the National…
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20 high-volatility stocks you might want to avoid in a hair-trigger market
Many technology stocks have gotten crushed in the high-inflation, rising-interest-rate environment of 2022. Some may have further to fall. Investors…
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Alphabet’s Wing to Launch Drone Delivery in Dallas-Fort Worth Area
Wing is launching a drone-delivery service in the Dallas-Fort Worth area Thursday in what will be the Alphabet Inc. subsidiary’s…
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As COVID-19 cases decline in the U.S., White House officials face outbreak
House Speaker Nancy Pelosi (D-Calif.) is the latest official to test positive for COVID-19 after attending an event with President…
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BA.2 subvariant of omicron accounted for almost 94% of global cases in latest week, the latest sign of how dominant it has become
The omicron variant of the coronavirus that causes COVID-19 accounted for 99.8% of global new cases in the latest week,…
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Why U.S. consumers suspect gas price gouging — and how much stations actually profit from a gallon of the fuel
Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the…
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Exxon expects profit bump in Q1
Exxon Mobil Corp. said in a filing late Monday that its first-quarter profit could top $9 billion, thanks in part…
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CEO of Robinhood rival shines fresh light on what retail investors are doing. Wall Street needs to pay attention.
From the start of the COVID-19 pandemic two years ago, a newish crowd of retail investors emerged, pouring extra cash…
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Amazon workers in New York vote to unionize, a first for company
Amazon workers in Staten Island, New York, voted to unionize on Friday, marking the first successful U.S. organizing effort in…
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U.S. private sector adds 455,000 new jobs in March, ADP says
The numbers: U.S. private payrolls rose by 455,000 in March, according to the ADP National Employment Report released Wednesday. Economists…
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Citigroup sells Indian retail arm to Axis Bank in $1.6bn deal
Citigroup is selling its Indian retail banking business to Axis Bank for $1.6bn in CEO Jane Fraser’s latest move to…
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Apple’s ‘Quality Over Quantity’ Approach Pays Off at Oscars
Apple Inc.’s AAPL 0.50% boutique-store approach to streaming is paying off with tastemakers. While Apple TV+ doesn’t have nearly as…
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The Rise and Fall of the Management Visionary Behind Zappos
In 2009, Tony Hsieh retreated to Lake Tahoe, Calif., from his home in Las Vegas with his longtime friend Jenn…
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