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Dozens of TikTok creators take to D.C. to protest a potential TikTok ban NBC NewsTikTok and its CEO are fighting to save the app in the US CNNTikTok Stars Rally in Washington Against App's Potential U.S. Ban The Wall Street JournalMore Americans have concerns over TikTok's links to China, a Post poll finds The Washington PostWith TikTok's CEO to Testify, How China Could Respond to a U.S. Ban Barron'sView
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Federal Reserve hikes its key interest rate a quarter point CBS NewsFed raises interest rates a quarter point despite recent banking turmoil Fox BusinessThe banking meltdown may have done the Fed's work for it CNNOpinion | The Fed Tries to Thread the Needle on Interest Rates The Wall Street JournalWhy Are Stocks Down? InvestorPlaceView Fu
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Shares of Steelcase Inc. SCS rallied 12% in the extended session Wednesday after the office furniture maker reported adjusted quarterly earnings and sales above Wall Street expectations, saying that orders in its Americas region were stronger than it expected as workers were back at offices. Steelcase earned $15.7 million, or 13 cents a share, in the quarter, contrasting with a loss of $2.2 million, or 2 cents a share, in the year-ago period. Steelcase's revenue rose 6% to $801.7 million, from $753.1 million a year ago. FactSet consensus called for adjusted earnings of 11 cents a share on sales of $751 million. The stronger orders "drove revenue and earnings above our expectations," Chief Executive Sara Armbruster said in a statement. "Although our fourth-quarter orders were below the prior year, project business from large corporate customers improved sequentially from the third quarter." A "notable number" of large U.S. companies have announced "workplace strategies that emphasize the importance of an in-office presence," Armbruster said. Steelcase ended the regular trending day up 0.4%.
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