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The burger chain beat quarterly earnings expectations, but a key metric was even worse than feared.
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2026 Winter Olympics live updates: Highlights, scores, results from Milan Cortina on Feb 12 NBC Olympics2026 Winter Olympics: Follow live updates from Milan Cortina ESPNJessie Diggins headlines Team USA's best moments from Day 6 NBC Olympics2026 Winter Olympics: U.S. men's hockey begins, Chloe Kim takes silver in halfpipe NBC News
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The Wall Street giant's top lawyer, whose ties to Jeffrey Epstein had raised questions at the firm, has resigned. Other corporate leaders are also facing blowback.
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Asian Stocks to Drop as AI Jitters Hit Wall Street: Markets Wrap BloombergAsia stock markets track losses on Wall Street as AI fears hit sentiment CNBCAsian shares step back from record as tech jitters return, bonds rally ReutersAsia stocks slip following Wall St tech slide; still set for sharp weekly gains Investing.com
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GoFundMe for James Van Der Beek's family tops $2 million to help with 'financial strain' following star's death Yahoo News CanadaAlfonso Ribeiro Shares Photo of His ‘Last Moment' with James Van Der Beek: ‘I Really Miss Him Already' People.comJames Van Der Beek's Death Underscores Early-Onset Colorectal Cancers The New York TimesJames Van Der Beek's Ex-Wife Heather McComb Speaks Out After His Death E! News
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The Dow Jones Industrial Average closed below the 50,000 threshold for the first time since Friday, as fears spread that artificial intelligence might disrupt areas of business beyond tech and software.
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Goldman Sachs General Counsel Kathryn Ruemmler Resigns Over Epstein Ties The New York TimesEpstein files: Goldman Sachs top lawyer Kathryn Ruemmler to step down after email fallout CNBCGoldman Sachs' top lawyer to resign after emails show close ties to Jeffrey Epstein NPRBirthday wishes, island plans and ‘xoxo' sign-offs: Inside a former Obama WH counsel's ties to Epstein CNN
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Ambassador Greer Oversees Signing of U.S.-Taiwan Agreement on Reciprocal Trade United States Trade Representative (.gov)U.S. signs trade deal with Taiwan, lowering tariffs to 15%, while Taipei to boost American goods purchases CNBCTrump administration reaches a trade deal to lower Taiwan's tariff barriers NBC NewsUS and Taiwan sign trade agreement to seal chip investment Financial Times
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Stocks jumped out of the gate Friday after the release of the August jobs report. But enthusiasm from the few investors that stuck around ahead of the long holiday weekend didn't last, with all three indexes ending in the red.
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The Labor Department this morning said the U.S. added 315,000 new jobs in August, well below July's 526,000. Also in the jobs report: the unemployment rate edged up to 3.7% from 3.5%; the labor participation rate, or the number of people actively seeking work, improved to 62.4% from 62.1%; and average hourly earnings - a key measure of labor cost inflation - was up 5.2% year-over-year, same as it was in July.
"Friday's jobs data provided some moderate relief, with payrolls almost landing precisely on consensus at 315,000 in August," says Douglas Porter, chief economist at BMO Capital Markets." While no doubt a solid advance - and completely inconsistent with recession chatter - other aspects of the report sent some calming signals." Porter points to steady wage growth, an increasing labor force and the rising unemployment rate that suggest "the extreme tightness in the job market may be beginning to moderate - almost exactly what the Fed doctor ordered."
Still, the major indexes, after being up more than 1% each around lunchtime, swung lower in afternoon trading after news reports indicated Russian energy giant Gazprom will indefinitely suspend operations of a natural-gas pipeline to Germany.
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By the close, the Nasdaq Composite was down 1
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In the wake of the ongoing Russian invasion of Ukraine, SAP and Oracle have both announced that they are suspending all business operations in Russia.
The decision from the two major IT vendors came in the wake of a request from Ukrainian Vice Prime Minister Mykhailo Fedorov, who posted letters he'd written to both companies on Twitter yesterday.
In his letter to Oracle, Fedorov wrote: "The IT industry always supports values of responsibility and democracy…now, more than ever, people's lives depend on your choice."
Oracle replied to the tweet, stating that on behalf of the people of Ukraine and its elected government, the company has "suspended all operations in the Russian Federation". However, the company has not provided any further comment on the situation since the tweet was posted.
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