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Supermarket Group Target Plummets on Wall Street After Figures
Target lost more than a quarter of its market value on Wall Street on Wednesday. The supermarket group struggled with higher costs for transport and wages and made much less profit last quarter than experts had expected. Target CEO Brian…
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Billionaire Bezos Accuses Biden of Deception About Inflation
Billionaire Jeff Bezos has accused US President Joe Biden of deception on Twitter. Biden linked high inflation to the relatively low taxes paid by the richest companies on the social medium.
Bezos, the founder of online store group…
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Tech Companies Under Pressure on Wall Street Due to Interest Rate Fears
Technology companies were again under pressure on the New York stock exchanges on Monday. Concerns about high inflation and rising interest rates gripped the markets.
Higher interest rates are generally bad news for equities,…
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Millions of Low-Income Americans Get Free Internet
Millions of households in the United States will get free internet. President Joe Biden will announce Monday that 20 major Internet service providers will offer free high-speed Internet connections to low-income households.
The…
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Arcadis Designs American Charging Station Factory
Consulting and engineering company Arcadis is designing a new factory for charging stations for the American company Wallbox. The factory will be located in Arlington, Texas.
Wallbox produces smart charging systems for vehicles,…
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Sports Brand Under Armor Crashes on Lower Wall Street
Under Armor plunged 21 percent on the New York stock exchange on Friday. The sportswear seller struggled with supply chain problems and the lockdowns in China last quarter. As a result, the sports brand suffered an unexpected loss.
…
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Biden: Conservative MAGA Movement Most Extreme Organization in US
US President Joe Biden calls the MAGA Republican movement the most extreme political organization in recent US history. He says this in response to the threat of abolition of the right to abortion at the hands of this extremely conservative…
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Wall Street Awaits Rate Decision, Lyft Plummets After Results
Lyft shares plunged nearly 30 percent in value on the New York stock exchanges. The taxi service came with disappointing expectations for the current quarter. In particular, according to investors, Lyft's plans to invest more in hiring…
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