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Tech stocks just had their worst two-week stretch since the start of the pandemic

Tech stocks just had their worst two-week stretch since the start of the pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started as a rebound in the third quarter turned into a flop for tech investors. The Nasdaq fell 5.1% this week after losing 5.5% the previous week. This marks the worst two-week period for the tech-heavy index since it …

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Bed Bath & Beyond's Merchandise Issues Will Make it Tough to Turnaround This Holiday Season

Bed Bath & Beyond’s Merchandise Issues Will Make it Tough to Turnaround This Holiday Season

A person walks out of a Bed Bath & Beyond store in New York City on June 29, 2022. andrew kelly | Reuters Bed Bath & Beyond relies on a radical change of strategy and recognized brands to revive its struggling business. But the retailer’s strained relationship with suppliers of products such as air fryers …

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FTC issues warning to Uber, Lyft, DoorDash and other 'working in concert' companies

FTC issues warning to Uber, Lyft, DoorDash and other ‘working in concert’ companies

The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, who the agency says are entitled to protection regardless of classification. The commission adopted a policy statement that details issues construction workers face — including misleading claims about their wages and hours, unfair contract terms and more …

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Dow down 1,300 points as losses accelerate after August CPI reading

Dow down 1,300 points as losses accelerate after August CPI reading

The Dow Jones Industrial Average fell more than 1,300 points in the last hour of trading on Tuesday as losses accelerated on tech stocks as bond yields soared, leaving all three stock indices on track for their worst session since at least June after an unexpected rise in August. consumer price inflation. What is happening …

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Where Walmart, Amazon and Target are spending billions in a slowing economy

Where Walmart, Amazon and Target are spending billions in a slowing economy

A Walmart worker loads a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro fulfillment center in Salem, Massachusetts on January 8, 2020. Boston Globe | Boston Globe | Getty Images When the economy slows, the classic consumer business response is to cut spending: slow …

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