Markets
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Dow Average makes history to hit the 40,000 mark
May 16, 2024 12:02 pm - The stock market headed toward fresh all-time highs, with the Dow Jones Industrial Average hitting the historic 40,000 mark to extend an advance that’s been fueled by bet...
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McDonald’s plans to step up deals, marketing to combat slower fast food traffic
Apr 30, 2024 7:02 am - McDonald's plans to step up deals and value messaging to combat slowing sales. The Chicago burger giant said inflation-weary customers are eating out less often in many b...
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Rooting for Trump to fail has made his stock shorters millions
Apr 26, 2024 9:35 am - NEW YORK — Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens...
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Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
Mar 28, 2024 11:16 am - NEW YORK — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, once one of the...
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Trump’s social media company will go public after merger with shell company is approvedMar 22, 2024 10:15 am - NEW YORK — Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with ...
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Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss
Mar 13, 2024 11:29 am - Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a...
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Amazon to be added to the Dow Jones Industrial Average, replacing Walgreens Boots AllianceFeb 21, 2024 9:14 am - NEW YORK — Amazon.com Inc. is being added to the Dow Jones Industrial Average, joining Apple, Walt Disney, Walmart and other companies that make up the 30-stock average. ...
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Drugstore chain Walgreens cuts quarterly dividend to get more cash to grow its business
Jan 04, 2024 8:18 am - Walgreens is chopping its dividend nearly in half as the drugstore chain looks to strengthen its balance sheet. The health care giant said Thursday that reducing its quar...
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Stock market today: Wall Street aims for gains to close 2023 in subdued holiday trading
Dec 27, 2023 8:29 am - Wall Street aimed for a winning week to close out the year in subdued holiday trading Wednesday. Futures for the S&P 500 and the Dow Jones Industrial Average each edged ...
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Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
Nov 01, 2023 1:00 am - WASHINGTON - The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inf...