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5 issues it is best to know earlier than the inventory market opens on Friday Could 28th
Here are the top news, trends, and analysis that investors need to get their trading day started: 1. Dow futures rise as stocks head for earnings week A Wall Street sign is seen near the New York Stock Exchange (NYSE) in New York City on May 4, 2021. Brendan McDermid | Reuters Futures contracts for…
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AT&T employed ally of Commerce Secretary Raimondo to foyer Biden infrastructure plan
John Stankey, CEO of AT&T Mike Segar | Reuters Telecom giant AT&T hired an ally of Commerce Secretary Gina Raimondo to lobby officials over President Joe Biden’s infrastructure plan. A lobbying registration report shows that AT&T hired Jon Duffy, the president of Rhode Island-based marketing firm Duffy & Shanley, in April. The document doesn’t say…
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Nick Colas on the S&P 500 projections in June
It was a bumpy May for stocks. The S&P 500 gained almost 1% over the month, although sales of high-tech and growth names made for a volatile stretch. Nick Colas, Co-Founder of DataTrek Research, says it all came down to the result. “The funny thing about this year is that we’ve seen more earnings revisions…
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Costco is seeing inflation abound, impacting a slew of shopper merchandise
A butcher stocks a display case with packages of steaks at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Don’t tell Costco executives that inflation is low. The big-box club chain said it’s been seeing accelerating prices across a range of products, including shipping containers, aluminum foil and…
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Usher launches new ‘UshBucks’ merch
Usher had the internet in a frenzy when reports surfaced claiming he had thrown fake money at a Las Vegas strip club in April. It turns out that Usher used his real coins to create some fake bills with his face on them – now known as “Usher Bucks”. In fact, the bills were printed…
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Laborious Seltzer’s recognition is fueling the rise of the canned cocktail
This summer’s hottest cocktail comes in a can. Between 2019 and 2020, the premixed cocktails category in the US grew by 50%, according to industry tracker IWSR. The segment is still relatively small, accounting for only 3% of US spirits volume, based on data from the United States Distilled Spirits Council. However, companies and industry…
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Beneath Deck’s Dani Soares Offers Beginning to Her First Child
Making a splash! Below Deck Sailing Yacht’s Dani Soares announced the sweet and special news that she welcomed her first child, a baby girl. Taking to Instagram on Saturday, May 29, the Bravo star captioned her post, “She is here. She is perfect.” “And we trying to figure this thing out,” her message continued. “We both…
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Southwest pauses plan to renew alcohol gross sales after flight attendant assault
A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Southwest Airlines said it is delaying plans to resume serving alcoholic beverages, after one of its flight attendants was assaulted and…
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In India, twice as many instances of Covid variants have been recognized in India in a single week
Hounslow, London, which became one of the UK’s biggest hotspots for the variant of the coronavirus first identified in India on Thursday May 27, 2021. Tejas Sandhu | MI News | NurPhoto | Getty Images Cases of the Covid-19 variant, first identified in India, have more than doubled in England within a week, the country’s…
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US anticipated to spend $4.7 billion on gasoline over Memorial Day weekend
Americans are expected to spend roughly $4.7 billion on gas during the Friday through Monday of Memorial Day weekend, according to GasBuddy, an app and website focused on finding real-time fuel prices. That breaks down to about $1.18 billion spent on gas each day, give or take $1 million, Patrick De Haan, head of petroleum…
