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IBM's stock plunges after a preliminary release of profit and revenue that were well below expectations.
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EV maker's stock down more than 50% intraday, then pares the bulk of those losses after Lucid says ‘the rumors are completely false'
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S&P 500 gains after light inflation data, bounce in chip stocks: Live updates CNBCKevin Warsh faces Congress for the first time as Fed chairman CNNCPI Report Live Updates: Inflation Cools to 3.5% Annually as Oil Prices Drop The New York TimesConsumer prices rose 3.5% annually in June, less than expected as energy prices eased CNBC
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Among the largest U.S. banks, Citigroup is expected to show the greatest improvement by one important measure. But it still has a long way to go to reach its own performance target.
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Big questions still need answering after President Donald Trump and Chinese President Xi Jinping averted a trade war escalation at the G-20 meeting.
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