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U.S. stock futures drop after long weekend as dollar rallies to 19-year high
U.S. stock futures lost ground as global growth fears weighed on sentiment and the dollar hit a 19-year high. What’s…
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SAS Files for Bankruptcy Protection in US to Push Through Restructuring
By Dominic Chopping STOCKHOLM–SAS AB said Tuesday that it has filed for chapter 11 bankruptcy protection in the U.S. as…
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Fourth of July closings: Are banks and the post office open on July 4?
The Fourth of July holiday commemorating the ratification of the U.S. Declaration of Independence is this Monday, and many Americans…
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Several dead and injured in Copenhagen mall shooting; suspect arrested
A gunman opened fired inside a busy shopping mall in the Danish capital on Sunday, killing several people and wounding…
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Believe it or not, gas prices have been edging down this Fourth of July — here’s why
It’s a cool breeze during a hot moment, but it’s not the summer weather. As record-breaking numbers of Americans pack…
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The U.S. bets billions of dollars on better COVID-19 boosters as it prepares for a spike in COVID-19 cases in the coming months
The U.S. is gearing up for another wave of COVID-19 infections in the fall and winter following a flurry of…
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Weekend reads: What’s ahead for the stock market after that brutal first half of 2022
The first half of 2022 marked a big change for investors and consumers, as inflation reared its ugly head. It…
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Are financial markets closed July 4?
As the Independence Day holiday approaches, Americans are preparing for a long weekend of barbecues and fireworks shows to celebrate…
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S&P 500 closes lower for fourth straight session as stocks cement worst first half since 1970
The S&P 500 finished lower for a fourth straight session on Thursday as U.S. stocks cemented their worst first-half performance…
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Supreme Court limits EPA’s role in combatting climate change in a fresh jab at the 50-year-old Clean Air Act
President Joe Biden’s plan to address climate change hit a major hurdle as the Supreme Court on Thursday ruled to…
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Mortgage rates take a breather after nearly doubling in one year’s time
The 30-year fixed-rate mortgage averaged 5.7% for the week ending June 30, according to data released by Freddie Mac on…
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Salary of supreme court justice? When does judge Jackson start? 4 things to know
The Senate voted 53-47 to confirm the nomination to the U.S. Supreme Court of Judge Ketanji Brown Jackson in early…
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These 10 stocks in the S&P 500 have lost $4.1 trillion of investors’ money during the first half of 2022
The first half of 2022 is over today, and good riddance for investors: The S&P 500 Index has declined 21.4%.…
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Senator Pat Leahy has broken his hip
MONTPELIER, Vt. (AP) — U.S. Sen. Patrick Leahy of Vermont has broken a hip in a fall at his home…
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Sweden’s central bank becomes the latest to hike interest rates, with 50-basis-point move
Sweden’s Riksbank on Thursday became the latest global central bank to lift interest rates, making a 50-basis-point move as it…
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Crypto exchange CoinFlex won’t lift withdrawal freeze yet, despite ‘significant progress’ in rescue token fundraising, CEO says
Crypto exchange CoinFlex, which has halted user withdrawals since June 23, will not lift the freeze on Thursday as originally…
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RH stock falls after retailer lowers outlook for the year
RH shares dropped 6% in the after-hours session Wednesday after the retailer formerly known as Restoration Hardware dialed down its…
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Powell says no guarantee of soft landing for U.S. economy
Fed Chairman Jerome Powell on Wednesday said there was no guarantee that the central bank can engineer a soft landing…
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U.S. stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market
U.S. stock indexes pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back…
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Here’s why this trader is piling back into one of the year’s hottest commodities
The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P…
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Pinterest stock rallies after Google exec named CEO as Silbermann steps down
Shares of Pinterest Inc. rallied 4% in the after-hours session Tuesday after the social-media company said co-founder Ben Silbermann is…
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FDA advisers say the U.S. needs updated COVID-19 boosters to fight omicron
The U.S. should pursue a COVID-19 booster strategy that focuses on developing new shots that better protect against omicron and…
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How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its…
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Being a true contrarian investor and outsmarting Wall Street takes more than just going against the crowd
Genuine contrarians are rare on Wall Street. When “blood is running in the streets,” to quote that famous — and…
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Home-price growth continues in April, Case-Shiller says
The numbers: The S&P CoreLogic Case-Shiller 20-city index posted a 21.2% year-over-year gain in April, up slightly from 21.1% in the…
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Consumer confidence falls to 16-month low on worries about inflation and economy
The numbers: A survey of U.S. consumer confidence dropped in June to a 16-month low of 98.7, as Americans grew…
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U.S. trade deficit in goods falls for second month in a row after setting record
The numbers: The nation’s trade deficit in goods fell 2.2% in May to $104.3 billion, a second straight decline that could…
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G-7 summit ends with pledge to help Ukraine ‘as long as necessary’
ELMAU, Germany (AP) — Leaders of the world’s wealthiest democracies struck a united stance Tuesday to support Ukraine for “as…
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SEC fines Ernst & Young $100 million for employees cheating on CPA ethics exams
Accounting giant Ernst & Young will pay $100 million to settle charges with the Securities and Exchange Commission that hundreds…
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Consumer-related, travel stocks rise after China loosens quarantine requirements
Shares of many consumer- and travel-related stocks rose sharply after news that China will ease some of the restrictions to…
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German consumer sentiment expected to drop to new record low in July
Consumer confidence in Germany is set to fall in July to an all-time low, as inflation and Russia’s war in…
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JetBlue boosts Spirit bid again, adds ‘ticking fee’
JetBlue Airways Corp. JBLU, +1.62% upped its proposal to buy Spirit Airlines Inc. SAVE, -7.95% again, trying to outdo Frontier…
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Spirit Airlines stock sinks after Frontier sweetens deal
Frontier Group Holdings Inc. has upped the deal to snap up Spirit Airlines Inc. as the two ultra-low-cost airlines try…
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Concealed-carry laws boost gun crime by a third, study finds
A new study finds concealed-carry laws lead to a boost in gun crime by between 29% and 32%, mostly by…
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Robinhood Could Benefit From Rate Hikes. That’s Why This Analyst Upgraded the Stock.
Dreamstime Robinhood stock was rising Monday after the retail brokerage received an upgrade from analysts at Goldman Sachs, who see…
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Digital World shares fall after it discloses subpoenas from grand jury in the Southern District of New York
Shares of Digital World Acquisition Corp. DWAC, -0.47% fell 5% in premarket trades Monday after the special purpose acquisition company…
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G-7 set to announce price cap on Russian oil
ELMAU, Germany (AP) — The Group of Seven economic powers are set to announce an agreement to pursue a price…
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These solar and green hydrogen ‘nanogrids’ come together like Legos, keep hospitals humming after hurricanes
Sesame Solar CEO Lauren Flanagan was a Software-as-a-Service (SaaS) pioneer who worked with Apple co-founder Steve Jobs during his NeXT…
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Biden signs largest gun measure in decades, says ‘lives will be saved’
President Joe Biden on Saturday signed the most sweeping gun violence bill in decades, a bipartisan compromise that seemed unimaginable until a…
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Pfizer says updated COVID-19 booster can provide more protection against super-contagious omicron
Pfizer says changing its COVID-19 vaccine to better target the omicron variant is safe and effective. The update, in a…
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Congressional review of ‘meme stock’ trading frenzy shows Robinhood’s liquidity troubles worse than reported
The House Financial Services Committee on Friday issued a long-awaited report on the “meme” stock phenomena, shining new light on…
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Recession scare starting to challenge inflation as top fear among stock and bond investors
It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with…
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Consumer sentiment hits new record low, UMich survey finds
The numbers: The University of Michigan’s gauge of consumer sentiment fell again to a final June reading of 50 from…
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S&P 500 ends at biggest gain since May 2020, Dow jumps more than 800 points as U.S. stocks snap three weeks of losses
All three major U.S. stock benchmarks closed sharply higher Friday, with the technology-heavy Nasdaq Composite surging more than 3%, as…
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U.S. new home sales stronger in May
The numbers: U.S. new home sales rose 10.7% to a seasonally-adjusted rate of 696,000 in May, from a sharply revised…
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Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test
Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for…
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CDC panel backs Moderna vaccine for children aged 6 to 17, and study finds vaccines saved about 20 million lives in their first year
A panel of advisers to the Centers for Disease Control and Prevention voted unanimously Thursday to recommend Moderna’s COVID vaccine…
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Gold prices slip, while recession fears drive copper to biggest weekly loss in a year
Gold prices were headed for a modest weekly loss on Friday, while recession worries continued to weigh on copper, poised…
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Afghanistan suffers aftershock as quake toll rises to 1,150 dead
GAYAN, Afghanistan (AP) — An aftershock took more lives Friday and threatened to pile even more misery on an area…
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German online retailer Zalando slumps on weaker outlook and rising recession risks
Shares of German online retailer Zalando SE plunged in Friday morning trading a day after the company reported a weaker-than-expected…
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