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Report shows US deficit to exceed $1 trillion next year

The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported. The return of $1 trillion annual deficits comes despite Trump’s vow when running for office that he ...

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US stocks turn mostly lower amid doubts over Fed rate cut

Stocks gave up an early gain and veered lower in midday trading Thursday as investors grew less certain about the likelihood that the Federal Reserve will lower interest rates again next month. Losses in technology, health care and communication services stocks outweighed gains in banks, consumer goods companies and elsewhere in the market. Bond prices fell, pushing yields higher. Remarks ...

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US stocks mostly rise as investors seek more clues on Fed

Stocks moved broadly higher on Wall Street in early trading Thursday, extending the market’s gains from the day before. Technology companies and banks accounted for a big share of the gains as investors welcomed another batch of encouraging corporate earnings reports. Retailers Nordstrom, BJ’s Wholesale Club and Dicks’ Sporting Goods rose after reporting results that beat analysts’ forecasts. L Brands ...

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Retailers’ results show sharp divide between losers, winners

NEW YORK — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers’ increasing shift online with expanded deliveries and better merchandise. But many mall-based clothing chains and department stores continue to suffer weak sales as they ...

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Solid earnings from major US retailers drive stocks higher

U.S. stocks marched broadly higher in early trading Wednesday as investors welcomed a batch of strong earnings reports from several big retailers. Target and Lowe’s surged, leading a rally in retail stocks, as the market bounced back from its first loss in four days. Technology companies accounted for a big share of the market’s gains. Microsoft gained 1.3% and Apple ...

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TODD SMITH — Ohio State seeks to trademark ‘The’

The Buckeyes are aiming to be “The” brand in college sports! Ohio State University is seeking to trademark the word “The” when used on items marketed for sale, according to a trademark application filed to the United States Patent and Trademark Office. The filing, made a couple of weeks ago, aims to protect the school’s formal name – The Ohio State ...

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US stocks fall, giving up some ground after 3 straight gains

U.S. stocks moved broadly lower in early trading Tuesday, weighed down by a mixed batch of company earnings and another decline in bond yields. Banks drove much of the selling as investors reacted to the decline in yields. The 10-year Treasury note slipped to 1.54% from 1.59% late Monday. When bond yields fall, it pulls down the interest rates that ...

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Tech and financial stocks help drive US stocks higher

Stocks marched broadly higher on Wall Street in early trading Monday, building on solid gains for the market after a rally late last week. Technology stocks accounted for a big share of the gains after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Chipmaker Nvidia rose 4.8%. Financial stocks also rose as ...

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Stocks move broadly higher as turbulent week nears its end

NEW YORK — Stocks rose broadly in midday trading on Wall Street Friday as investors look to end a turbulent week on a positive note. The S&P 500 rose 1.3% as of 11:40 a.m. Eastern time and the Dow Jones Industrial Average also gained ground. But both indexes are still headed for a third straight weekly decline after steep losses ...

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US stock indexes end mostly higher after volatile day

Investors rode out another turbulent day on Wall Street Thursday that kept stock indexes flipping between gains and losses until a late-day bounce gave the market a modest gain. Worries about a possible recession collided with hopes that the strongest part of the U.S. economy — shoppers spending at stores and online — can keep going. The major U.S. stock ...

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