Finance
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Saks files for bankruptcy after multibillion-dollar acquisition
"The path ahead presents a meaningful opportunity to strengthen the foundation of our business and position it for the future," Geoffroy van Raemdonck said
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Dow Jones closes at record high with nearly 600-point gain after US makes moves on Venezuela
The Dow Jones rose 595 points, or 1.2% to $48,977, while stocks in American oil companies like Chevron, which is the last remaining U.S. oil major in Venezuela, also closed at a high. Chevron gained 5% Monday.
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Treasury sanctions Iran, Venezuela over combat drones, weapons trade
The department said Iran's unmanned aerial vehicle trade threatens U.S. personnel in the Middle East, and its trade with Venezuela poses security concerns in the Western Hemisphere.
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Woke capital: How a liberal financial movement stokes fears of a surveillance state
'It's like a trojan horse of progressivism that is detrimental to our freedoms," Utah Treasurer Marlo Oaks says.
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Stock market closes week on a high, DOW jumps over 800 points
The indices posted major losses last week when the Federal Reserve announced an interest rate hike to combat inflation
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Bitcoin is becoming the currency of freedom for those living in tyrannical nations
"Bitcoin is a tool for freedom, for development, for folks like us, who are suffering from dictators, from tyrannical leaders," Fadi Elsalameen says.
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Caterpillar becomes latest company to flee Democrat-controlled Illinois
The company said it it is in their "best strategic interest" to leave Illinois
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US market opens at slightly lower losses, after S&P 500 slid Monday into Bear Market zone
S&P 500 has moved into Bear Market territory for first time since 2020, when pandemic was at its worst
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Women face tampon shortage as inflation hits essential items
Companies are blaming factory staffing issues, transportation problems, and the rising cost in raw materials used to make the hygiene products
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S&P 500 joins Nasdaq in bear market, Dow drops nearly 900 points
The Nasdaq is already in bear market territory, down 31.5% from its November high
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Clinton Treasury secretary and Bank of America sound alarm over inflation and recession
The cost of all items increased 8.6% from May 2021, marking the largest 12-month increase in. more than four decades
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Americans face record prices over Memorial Day weekend
Chicken is up 16.4%
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Reagan economic advisor blasts Fed as incompetent, slow to fight inflation
"This is a Fed that has been selected based upon characteristics other than competence in economics," Laffer noted.