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Apple union push faces setback as Atlanta organizers withdraw bid

Shoppers stroll past the Franklin Park Mall Apple Store during Black Friday. Black Friday Sales during the COVID-19 pandemic are a popular reason for shoppers to visit stores. SOPA Images – LightRocket | SOPA Images | LightRocket | Getty Images An union vote at AppleThe Cumberland Mall in Atlanta has been closed after the union […]

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This is what’s next for Terra as the failed crypto project attempts a new path forward

Tether had claimed previously that the stablecoin it used was 1-to-1 backed in U.S. dollars. Justin Tallis | Afp | Getty Images This week, backers of the failed cryptocurrency project Terra voted to revive the initiative, with a new luna blockchain and token – and without its controversial algorithmic stablecoin, TerraUSD. The founders sought the […]

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Insider buying is surging. What investors need to know, and why it may not signal a market bottom

Although corporate insiders are buying more stock than retail investors, they have increased their purchase of stocks in May. Retail investors should wait to follow their lead. According to The Washington Service data, the insider sell-value ratio was at its highest level since March 2020 through May 23. It was already the most significant month […]

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The S&P 500 launches its fifth 5% rally since the Jan. 3 peak. Could this one stick?

Here is Mike Santoli’s daily note, CNBC senior markets commentator. This notebook contains thoughts about market trends, stocks, and statistics. The fifth S & P 500 rally of more than 5% since the Jan. 3 market peak is underway. More than 8% is a difference from the intraday bottom for this decline set last week. […]

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Police admit to driving right past the shooter and other failures in responding to the Texas school massacre

In front of Uvalde County Courthouse in Texas, people mourn the deaths of Robb Elementary school’s massacre, on May 26, 2022, they gathered to remember the victims. Veronica Cardenas | Reuters Police admitted to a stunning string of failures — including driving right by the gunman — in responding to the Texas school shooting while […]

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Ulta Beauty, Big Lots, Autodesk, Workday and more

Ulta Beauty Store Scott Mlyn | CNBC See which companies are making the headlines Friday morning trading. Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty shared an even better outlook for the entire year. American Eagle — The stock dropped 4.2% after the retailer posted weaker-than-expected quarterly […]

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Goldman sees signs inflation is peaking, could be positive for stocks

Traders at the NYSE floor, May 27, 2022. Source: NYSE According to Goldman Sachs, signs that inflation has started to fall from its 40-year peak could be good news for stocks. As a result, markets rose Friday a government report showed the pace of inflation slowedThere was a slight dip in April due to the […]

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JPMorgan sees upside for bitcoin after recent washout

According to Nikolaos Panigirtzoglou, JPMorgan strategist, Bitcoin investors were swept up by the market chaos this year. However, those who are still sticking with the currency should anticipate at least 30% upside from the crypto. The fair value of bitcoin is $38,000, which is about 32% upside from its current trading price. Friday, at 12:02 […]

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Record high Memorial Day gas prices are stinging consumers and impacting travel

Gas stations are identified when the gasoline price reaches an all-time high of $4.37/gallon, or 3.8 liters in Virginia (USA) on May 10, 2022. According to some estimates, gasoline prices can vary from one region to the next. Yasin Ozturk | Anadolu Agency | Getty Images Memorial Day is the beginning of summer driving season. […]

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As Americans splurge on dressing up again, retailers like Macy’s and Ulta benefit

Nordstrom staff fix the floral dress to a mannequin at one of its department stores. Ben Nelms | Bloomberg | Getty Images In with the sweatpants and in with lipsticks and blazers. Americans are spending more money on accessories, clothing and makeup as they go out and return to work. Analysts and executives at companies […]