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LIRR strike shuts down nation's busiest commuter train line, union says 'we're far apart' GothamistNorth America's largest commuter rail system shuts down as workers strike Toledo BladeOfficials outline contingency plans ahead of midnight LIRR strike deadline Spectrum News NY1Long Island Rail Road, America's largest commuter railroad, is on strike CNN
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Trump says Xi agrees Iran must open strait, China says war should not have started ReutersTrump returns from China with no Iran breakthrough — and a decision to make CNNTrump reveals Xi's stance on arming Iran as Hormuz tensions rattle markets Fox NewsTrump, Xi Project Hormuz Alignment Despite No Iran Progress Bloomberg.com
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Long Island Rail Road Strike Shuts Down Busiest U.S. Passenger Rail Service The New York TimesLIRR strike shuts largest railroad in nation as unions, MTA fail to reach deal | Live updates ABC7 New YorkLong Island Rail Road, America's largest commuter railroad, is on strike CNNOfficials outline contingency plans ahead of midnight LIRR strike deadline Spectrum News NY1
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An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
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"My thought is to invest it on her behalf for someday, when she gets her life together."
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California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue as the state's budget is being lifted by the artificial-intelligence boom.
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For small business owners, the ability to spot problems early may be the most important capability AI provides.
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Momentum and risk appetite are ascendant, but that may be a problem, say Goldman Sachs strategists.
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Thursday marked another day of choppy trading for stocks as investors considered a round of data that showed the U.S. economy remained resilient even in the face of the Federal Reserve's aggressive rate-hike campaign.
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Ahead of this morning's open, data from the Labor Department showed weekly jobless claims fell for a fifth straight week, underscoring strength in the labor market. Additionally, the Commerce Department said retail sales rose 0.3% month-over-month in August, beating economists' expectations for a slight decline in consumer spending.
"This [retail sales] report is not good for the Fed's goals of slower inflation," says José Torres, senior economist at Interactive Brokers. "The Fed would like to see consumers slow down their spending and debt accumulation to slow down inflation. Higher rates provide an incentive to save, not to spend, and that's part of the reason why tighter monetary policy brings down demand and inflation." As such, Torres says the market is not only expecting a 75 basis-point rate hike at next week's Fed meeting, but one at the November meeting too. (A basis point is one-one hundredth of a percentage point.)
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By the close, the market had taken a decisive turn lower as the 10-year Treasury yield jumped 3.5 basis points to 3.447%. The tech-heavy Nasdaq Composite suffered the worst of it, slumping 1.4% to 11,552. However, the S&P 500 Index (-1.1% to 3,901) and the Dow Jones Industrial Average (-0.6% at 30,961) also ended solidly in the red.
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The maker of high-priced sports cars has been steadily improving its financial performance in recent years, meaning the stock can still run higher, even after nearly doubling in the past couple of years.
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