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More than 100 flights were canceled at Chicago's O'Hare and Midway international airports on Saturday, the second day of a Federal Aviation Administration order cutting flights due to the government shutdown.
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The trend highlight the growing importance of so-called "soft services" for the wealthy.
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Here's a list of flights canceled at MSP airport on Saturday Bring Me The NewsSee Where Flights Have Been Canceled as Government Shutdown Drags On The New York TimesFood aid recipients face new uncertainty as flight cancellations pile up amid government shutdown CNNFAA cuts to air traffic begins Friday as government shutdown continues Fox News
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Strong tech earnings weren't enough to reassure investors worried about high valuations.
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Musk, the world's richest person, has to meet several ambitious product and financial milestones to unlock the trillion-dollar pay package.
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Nearly 100 flights were cancelled at Chicago's O'Hare and Midway International airports on the first day of flight reductions ordered by the FAA amid the ongoing government shutdown.
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The Chinese government followed through on promises it made publicly after a recent summit, but has not yet taken other actions sought by the White House.
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This post was created in partnership with Collectively For many heritage brands, trust has been built over decades. These brands have proved their worth, and in many ways, have built […]
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One of Hollywood's most beloved actors and savviest entrepreneurs has a new starring role: case study subject.
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Supreme Court says US food stamp funding can be temporarily halted BBCSupreme Court blocks lower court order forcing Trump administration to fully fund SNAP program Fox NewsUS Supreme Court allows Trump to block $4bn in food aid to families in need Al Jazeera
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AI can accelerate decision-making, but without clarity, it only multiplies confusion.
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Once upon a time, in a world not so far away, accessing a computer remotely required all sorts of costly, complicated software and technical know-how.
These days, it's a different story. Google's free Chrome Remote Desktop service makes it dead-simple to get on any computer — Windows, Mac, Linux, or ChromeOS — from practically any other desktop or mobile device. You can access all of the remote system's contents and even click around as if you were sitting right in front of it.
To read this article in full, please click here
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Fed Chair Jerome Powell said the central bank could raise interest rates again if the economy and labor market don't cool down.
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It was a choppy start to the short trading week, with stocks spending time in both positive and negative territory Tuesday. Bears gained the upper hand in the afternoon, though, with the three major indexes ending another day in the red.
SEE MORE The ESG Investing Backlash
Although this week's economic calendar is fairly thin, data from the Institute for Supply Management (ISM) this morning showed that activity in the services sector ticked up to 56.9% in August - the highest level since April - from July's 56.7%.
"This is the most recent piece of data to suggest the economy remains resilient and as such the market takeaway is that this gives the Fed more room to continue raising rates," says Michael Reinking, senior market strategist for the New York Stock Exchange. "Futures markets are now pricing in a 75% chance of a 75 basis-point hike later this month from a coin flip late last week." A basis point is one-one hundredth of a percentage point.
In reaction to today's ISM data, the 10-year Treasury yield rose to its loftiest level since mid-June. This, in turn, weighed on shares in the communication services (-1.3%) and technology (-0.6%) sectors, with names such as streaming giant Netflix (NFLX, -3.4%) and chipmaker Intel (INTC, -2.8%) seeing notable declines.
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As for the major indexes, the tech-heavy Nasdaq Composite fell 0.7% to 11,544, its seventh straight loss.
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