Finance

US retail sales beat expectations in August; weakening labor market dims outlook

US retail sales beat expectations in August; weakening labor market dims outlook

WASHINGTON (Reuters) -U.S. retail sales increased more than expected in August, but momentum could ease amid labor market weakness and rising goods prices because of tariffs on imports. Retail sal...

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Cybersecurity firm Netskope lifts IPO price range, eyes $7.3 billion valuation

Cybersecurity firm Netskope lifts IPO price range, eyes $7.3 billion valuation

(Reuters) -Cybersecurity firm Netskope raised the proposed price range for its U.S. initial public offering and is now aiming for a valuation of up to $7.26 billion, it said on Tuesday. The Santa...

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US online holiday sales to slow as shoppers tighten budgets, Salesforce forecasts

US online holiday sales to slow as shoppers tighten budgets, Salesforce forecasts

(Reuters) -U.S. online sales growth during the 2025 holiday season is expected to slow from last year, as price-conscious shoppers stay picky with their spending amid rising living costs, accordin...

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Stocks rally on Fed interest rate cut hopes as ‘jobless expansion’ takes hold

Stocks rally on Fed interest rate cut hopes as ‘jobless expansion’ takes hold

The S&P 500 closed at 6,615 on Monday, yet another record high, as investors bet the Federal Reserve is about to start cutting interest rates . The rally has Wall Street racing to catch up, w...

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