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Taylor Swift, Travis Kelce make donations to KC's Harvesters food bank, Children's Mercy, other groups KMBCTaylor Swift and Travis Kelce donate $26m to charities ahead of their wedding, including $1m to R.I. food bank The Boston Globe'BEYOND GRATEFUL' | Taylor Swift, Travis Kelce make $1 million donation to Berks County food bank WGALTaylor Swift, Travis Kelce Hand-Picked Charities React to $26M Donations: How They Learned People.com
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Heat causes Great American State Fair to close temporarily and other disruptions The Washington PostDC breaks heat record, crowds let back in to Great American State Fair after heat postponement CNNHell Arrives in Washington The Atlantic'Great American State Fair' temporarily shut down for heat WUSA9As Heat Suffocates Wash
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Great American State Fair Postponed Due To Extreme Heat In D.C. Deadline'Great American State Fair' temporarily shut down for heat wusa9.comAmerica's 250th live updates: Great American State Fair temporarily closes due to extreme heat NBC NewsHeat causes Great American State Fair to close temporarily and other disruptions The Washington Post
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After decades as a privately held franchise, Jersey Mike's is opening itself up to public investors for the first time.
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Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
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After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
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