August 28, 2023

Markets Now

Chinese stocks get brief uplift from first share dealing tax cut since 2008

China has made a series of moves to restore investor confidence in the world’s second largest economy, including cutting a tax on stock trading for the first time since 2008.  
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Rite Aid stock is experiencing extreme turbulence: Here's why

Shares of Rite Aid were slightly lower Monday after soaring more than 20% higher in morning trading.  
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The Fed is 'flying blind' on the economy. Will this week's jobs data help?

Welcome to jobs week. Investors are eagerly anticipating a slew of news about the health of the US labor market over the next couple of days.  
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Move over Wordle, the New York Times might have found its next hit game

The New York Times found instant success with Wordle. Now it might have a new hit on its hands.  
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Nordstrom closes its San Francisco store after 35 years

Nordstrom closed the doors of its five-story department store in San Francisco on Sunday, ending a 35-year run as the city suffers a retail exodus.  
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DOT issues largest-ever fine to American Airlines for tarmac delays

American Airlines is facing the largest-ever fine for keeping passengers waiting on board airplanes during hours-long delays.  
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Source: CNN Business

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