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Spirit Airlines To Pay 8.25M After Class-action Lawsuit Over Bag Fees

2025-07-10T02:51:00Z

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Spirit Airlines has agreed to pay up to $8.25million to settle a class action lawsuit by passengers over sneaky bag fees of up to $100. A group of first-time flyers on the airline who booked their trips using third-party travel websites between 2011 and 2017 sued the airline six years ago. They claimed the budget airline's carry-on bag fees were a surprise and intentionally hidden to make profit. The lawsuit stated that Spirit's 'bait-and-switch and 'gotcha' tactics are designed to confuse, trick, and trap consumers'. Lawyers for the plaintiffs disclosed the deal in a motion on Wednesday in federal court in Brooklyn and asked a judge to approve it, saying it 'represents a fair compromise.' Spirit Airlines has agreed to pay up to $8.25million to settle a class action lawsuit by passengers over sneaky bag fees of up to $100 A group of first-time flyers on the airline who booked their trips using third-party travel websites between 2011 and 2017 sued the airline six years ago They claimed the budget airline's carry-on bag fees were a surprise and intentionally hidden to make profit In the lawsuit, travelers accused Spirt of advertising misleading low prices on travel websites that did not reveal the bag fees passengers would have to fork out at the airport. 'Spirit falsely misled the Plaintiff and numerous other consumers, and continues to mislead consumers into believing that they are purchasing low airfare, when, in fact, Spirit makes up whatever discount it purports to give consumers in fraudulent and unwarranted charges,' the suit read. 'Spirit's bait-and-switch and 'gotcha' tactics are designed to confuse, trick, and trap consumers to the public's detriment.' Those who did not pay for [https://blogbossbabe.com/ pencabulan] a carry-on bag ahead of time could be forced to pay $100 at the gate to have their bag on the flight, according to the lawsuit- even though bags checked ahead of time usually cost around $40. 'Spirit's fees are not conspicuously shown on its website or the websites of third party vendors, and consumers are often unaware of Spirit's large and plentiful fees until after they purchase a ticket that initially appeared attractive,' the defendants argued in the lawsuit. The [https://www.b2bmarketing.net/en-gb/search/site/lawsuit%20stated lawsuit stated] that Spirit's 'bait-and-switch and 'gotcha' tactics are designed to confuse, trick, and trap consumers' The travelers accused Spirt of advertising misleading low prices on travel websites that did not reveal the bag fees passengers would have to fork out at the airport They said these fees were sometimes as much as the tickets themselves. The plaintiffs originally sought $100 million in punitive damages, though that was dropped from a later version of the lawsuit. The class-action includes those who boked their flights through Expedia, Travelocity, Kiwi, CheapOair, CheapTickets or BookIt. Eligible travelers who seek refunds under the deal will get up to 75 percent of their fees back, though it could be lower depending on the total amount of refunds sought by all class members. The $8.25 million maximum payout will include attorneys' fees, according to the motion. Like other low-cost airlines, Miramar, Florida-based Spirit relies on added fees to help make up for lower base fares. Dailymail.com has contacted Spirit Airlines for comment.

Wall St Week Ahead-Retail Stocks Search For Direction As Rates Stay...

2025-07-10T02:42:06Z

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By David Randall and Lewis Krauskopf NEW YORK, June 14 (Reuters) - Elevated U.S. interest rates are pressuring the U.S. retail sector, where shares of many companies have been dented by months of tight monetary policy while a select few have soared. The S&P 500 Consumer Discretionary Distribution & Retail index is up nearly 14% this year, roughly keeping pace with the S&P 500´s year-to-date gain. Much of the sector´s strength, however, has been concentrated in a small group of stocks, including heavyweight Amazon.com, which is up nearly 21% this year. Meanwhile, shares of companies focused on lower-income consumers have struggled, [https://blogbossbabe.com/ pencabulan] in-part because buyers in that segment have been more affected by elevated interest rates, analysts said. Among the biggest laggards are shares of Dollar Tree , which are down nearly 27% year-to-date and Dollar General, which have fallen nearly 9%. The retail sector is one of several areas of the economy - in addition to real estate and consumer staples - that have been pressured by elevated rates. The Federal Reserve earlier this week reiterated that it needs to see more evidence of cooling inflation before lowering borrowing costs. "The lower to mid-income segment is getting squeezed because of gas prices and groceries," said Greg Halter, director of research at Carnegie Investment Counsel. "They feel bad even though the economy is doing well." The consumer will be in focus next week when the U.S. reports retail sales data on Tuesday. Analysts polled by Reuters expect retail sales to have grown by 0.2% in May. Weaker-than-expected results - following data earlier this week showing encouraging progress on inflation - could bolster the case for the Fed to ease rates sooner rather than later. Futures markets have reflected increased investor expectations of a September rate cut, though the Fed projected it will only lower borrowing costs in December. The divergent performance of retail stocks has pushed investors to focus on companies whose consumers can continue to withstand higher interest rates or those that offer discounts on name-brand household items like clothing or groceries, such as warehouse club company Costco Wholesale. Halter´s fund has been buying shares of companies such as Walmart, Costco, and TJX Companies whose business models emphasize value for the consumer. Their shares are up 28%, 29% and 16% respectively. Robert Pavlik, senior portfolio manager at Dakota Wealth Management, said he has owned Costco and TJX Companies, pointing to their strong management and inventory controls. "I think inflation will remain but moderate and consumers will still look to get the most out of their dollars," he said. Bokeh Capital Partners owns shares of Urban Outfitters , which are up over 20% this year. Kim Forrest, Bokeh's chief investment officer, said Urban Outfitters' strength as a fashion merchandiser has helped the company weather the inflationary environment, adding "people will sacrifice to look good." Josh Cummings, a portfolio manager at Janus Henderson Investors, believes areas such as online shopping will continue to thrive even if interest rates stay elevated. He has been targeting companies such as Carvana, whose shares have nearly doubled this year, and DoorDash , whose shares are up around 13%. "We're not terribly excited about the consumer sector overall, but we do think we are in the early innings of some of these growth stories," he said. ([https://www.blogher.com/?s=Reporting Reporting] by David Randall, Editing by Nick Zieminski)

US STOCKS-Tech Stocks Lift Nasdaq S P 500 As Rate-cut Expectations...

2025-07-10T02:20:11Z

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ISM non-manufacturing PMI stronger than forecast Nvidia, TSMC touch record highs CrowdStrike gains after strong Q2 forecast HPE climbs after upbeat revenue forecasts Indexes: Dow down 0.01%, S&P up 0.67%, Nasdaq up 1.35% (Updated at 12:20 p.m. ET/1620 GMT) By Lisa Pauline Mattackal and Johann M Cherian June 5 (Reuters) - Technology stocks led U.S. indexes higher on Wednesday, as investors strengthened bets for an earlier-than-expected start to the Federal Reserve's policy easing cycle after multiple reports signaled slowing growth in the world's largest economy. The Nasdaq touched a record intraday high as rate-sensitive megacap stocks such as Microsoft and Amazon.com gained between 0.3% and 2.5%. Tech stocks rose 1.8%, leading sectoral advances. Meanwhile, the Philadelphia SE Semiconductor Index leapt 3.5%. Shares of AI leader Nvidia and Taiwan Semiconductor Manufacturing rose 2.9% and 7.0%, respectively, both touching record highs. Consumer staples led sectoral declines, slipping nearly 0.7%. U.S. Treasury yields slipped to [https://www.travelwitheaseblog.com/?s=two-month%20lows two-month lows] after the ADP National Employment report showed private employers increased their headcounts by 152,000 in April, significantly lower than forecast. [https://www.reddit.com/r/howto/search?q=Traders Traders] now see a nearly 69% chance of a September rate reduction, according to the CME's FedWatch tool. Expectations had hovered around 50% last week. Separately, [https://blogbossbabe.com/ memek] an Institute of Supply Management survey showed services sector activity stood at 53.8 in May, better than the expectation of 50.8. With major indexes near all-time highs, investors are juggling worries of a weakening economy with hopes this would lead to an earlier start to the Fed's rate cuts than previously expected. "It's a confusing time, but now everybody has put (the likelihood of Fed cuts) together. The 10-year Treasury yield is down, and there's a great correlation between that going down and equities coming up," said Kim Forrest, chief investment officer at Bokeh Capital Partners. Investors now await the nonfarm payrolls report, due on Friday, for a comprehensive view of the labor market. "If we get a soft jobs number, that might show the soft landing (for the U.S. economy) is happening," Forrest said. At 12:20 p.m. ET, the Dow Jones Industrial Average was down 4.89 points, or 0.01%, at 38,706.40, the S&P 500 was up 35.69 points, or 0.67%, at 5,327.03, and the Nasdaq Composite was up 228.20 points, or 1.35%, at 17,085.25. Hewlett Packard Enterprise topped the benchmark index with an 11.8 % rise after forecasting third-quarter revenue above Street expectations , helped by upbeat demand for its AI servers. Dollar Tree reversed earlier gains, slipping 4.5% after a disappointing quarterly profit forecast. The budget retailer said it would explore options that include a potential sale or spin-off of Family Dollar. Intel gained 2.0% after buyout firm Apollo Global Management agreed to purchase a 49% equity interest for $11 billion in a joint venture related to the chipmaker's Ireland manufacturing unit. CrowdStrike Holdings jumped 9.9% after forecasting second-quarter revenue above estimates when markets closed on Tuesday, helped by strong demand for its cybersecurity offerings. Advancing issues outnumbered decliners by a 1.92-to-1 ratio on the NYSE, and by a 1.66-to-1 ratio on the Nasdaq. The S&P index recorded 17 new 52-week highs and eight new lows, while the Nasdaq recorded 48 new highs and 95 new lows. (Reporting by Lisa Mattackal and Johann M Cherian in Bengaluru; Editing by Pooja Desai)

Answers About Pertanyaan Dalam Bahasa Indonesia

2025-07-10T02:06:40Z

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2025-07-10T01:57:01Z

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US STOCKS-Wall St Rises; Dow And S P 500 Set For Weekly Fall On...

2025-07-10T01:52:34Z

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Dow, S&P 500 set for weekly losses Nearly 78% of reporting S&P 500 companies have beaten forecasts - LSEG data Megacap shares recover after Thursday's dour session Workday falls after cutting revenue forecast Ross Stores rises after Q1 results beat * Indexes up: Dow 0.15%, S&P 0.39%, Nasdaq 0.46% (Updated at 10:02 am ET) By Ankika Biswas and Lisa Pauline Mattackal May 24 (Reuters) - U.S. stock indexes opened higher on Friday, but the blue-chip Dow and the benchmark S&P 500 were set to snap four straight weeks of gains as inflation concerns rekindled monetary policy caution ahead of a long weekend. The tech-heavy Nasdaq, however, was on course to add 0.8% for the week thanks to [https://www.groundreport.com/?s=Nvidia%27s%20blowout Nvidia's blowout] quarterly results reinforcing investor faith in Big Tech's bet on artificial intelligence. Thursday's session still saw all three main indexes fall as economic data pointing to rising price pressures dented bets of interest-rate cuts this year. After a strong earnings season and expectation-beating forecasts from Nvidia, "the shift for investors now goes back to (the Fed)," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "We're going to be looking for all of that data and that will drive the market." Fresh data from the U.S. Census Bureau showed orders for durable goods rose 0.7% in April, compared with a 0.8% dip expected by economists polled by Reuters. The University of Michigan's final consumer sentiment index for May came in at 69.1, beating forecasts for a reading of 67.5. Traders expect the U.S. central bank to ease its interest rates by 34 basis points by year-end. Goldman Sachs pushed back its call for a first rate cut to September from July. Nvidia shares rose 0.3% after jumping more than 9% a day earlier, [https://www.travelwitheaseblog.com/?s=closing closing] above the key $1,000 mark and adding around $218 billion to its market value. Reuters reported the company's most advanced AI chip developed for China had a weak start, with abundant supply forcing it to be priced below Huawei's rival chip. All 11 S&P 500 subsectors were in positive territory on Friday. Other megacap stocks including Apple, Alphabet and Meta Platforms rose between 0.2% and 0.9%. Small-cap stocks regained some ground, with the Russell 2000 rising 0.6% after Thursday's 1.6% loss. The U.S. equity market will be closed on Monday for Memorial Day. U.S. equity funds secured substantial inflows in the week ended May 22, boosted by optimism around robust corporate earnings. LSEG Lipper data showed investors pumped $9.9 billion into U.S. equity funds, significantly higher than $4.1 billion a week earlier. At 10:03 a.m. ET, the Dow Jones Industrial Average was up 56.86 points, or 0.15%, at 39,122.12, the S&P 500 was up 20.59 points, or 0.39%, at 5,288.43, and [https://blogbossbabe.com/ video bokep] the Nasdaq Composite was up 76.93 points, or 0.46%, at 16,812.96. Meanwhile, the U.S. Securities and Exchange Commission approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to ether prices, potentially paving the way for products to begin trading later this year. However, ProShares Ether Strategy ETF was down 2.8%. Workday dropped 11.5% after the human resources software provider cut its annual subscription revenue forecast. Ross Stores jumped 8.7% after posting first-quarter results above estimates and raising its annual profit forecast. Advancing issues outnumbered decliners by a 3.38-to-1 ratio on the NYSE and by a 1.81-to-1 ratio on the Nasdaq. The S&P index recorded 14 new 52-week highs and 3 new lows, while the Nasdaq recorded 23 new highs and 48 new lows. (Reporting by Ankika Biswas and Lisa Mattackal in Bengaluru; Editing by Devika Syamnath)

US STOCKS-Wall St Slides As Treasury Yields Firm Ahead Of Fed...

2025-07-10T01:38:23Z

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Arm announces full IPO over-allotment exercise Disney falls on doubling capex plan for parks business Canadian inflation jumps on higher gasoline prices * Indexes down: Dow 0.81%, S&P 0.73%, Nasdaq 0.87% (Updated at 12:11 p.m. ET/ 1611 GMT) By Ankika Biswas and Shristi Achar A Sept 19 (Reuters) - Wall Street's main indexes dropped on Tuesday with the Nasdaq and the S&P 500 hitting more than three-week lows as Treasury yields firmed ahead of the Federal Reserve's policy meeting. Investors also awaited Instacart's market debut, with the grocery delivery app's shares last indicated to open at $42, well above the IPO price of $30 apiece, after parent Maplebear Inc secured a fully diluted valuation of $9.9 billion on Monday. Higher yields weighed on major growth stocks such as Amazon , Nvidia and Microsoft, down between 0.8% and 2.7%, while Consumer discretionary and communication services led declines in major S&P 500 sector indexes. Investors were focused on the two-day Fed meeting that starts later in the day, with the central bank expected to [https://www.homeclick.com/search.aspx?search=hold%20benchmark hold benchmark] interest rate at the current 5.25%-5.50% range on Wednesday. Recent economic data has signaled that [https://www.fool.com/search/solr.aspx?q=core%20inflation core inflation] is crawling toward the Fed's 2% target, though crude prices gaining for three consecutive weeks to around 10-month highs remains a concern. A jump in Canada's annual inflation rate in August on higher gasoline prices has fueled investor worries, analysts said. "Markets will focus on the Fed's language, especially what they think," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "We all have an opinion on what the economy is doing, but apparently what the Fed thinks about it is the most important thing, if they see signs of softening or strengthening in the economy, and that will inform us what will happen in November." Traders have fully priced in a pause by the Fed on Wednesday, while chances of interest rates remaining unchanged in November stood at 71%, according to CME's FedWatch tool. Investors will scrutinize the Fed's quarterly report on economic projections, which will be released on Wednesday, to gauge participating members' longer-term policy outlook. Economic data has largely indicated that the U.S. economy remains resilient, raising hopes for a soft landing and [https://blogbossbabe.com/ video bokep] allaying concerns of a possible recession. Chip designer Arm Holdings's stellar market debut last week has raised hopes of a revival in the initial public offering market, after a near 18-month dry spell, ahead of Instacart's debut. Arm shares, however, were on track to drop for a third session since their debut as investor interest fades in the company that saw the biggest IPO of the year so far. Positioning in the Arm's stock options on Tuesday continued to show investors were bracing for a further downside. At 12:11 p.m. ET, the Dow Jones Industrial Average was down 279.95 points, or 0.81%, at 34,344.35, the S&P 500 was down 32.64 points, or 0.73%, at 4,420.89, and the Nasdaq Composite was down 118.81 points, or 0.87%, at 13,591.43. Starbucks lost 2.1% after TD Cowen downgraded the coffee chain to "underperform". Walt Disney lost 3.7% after nearly doubling its capital expenditure for the parks business. Declining issues outnumbered advancers by a 1.87-to-1 ratio on the NYSE and by a 1.64-to-1 ratio on the Nasdaq. The S&P index recorded six new 52-week highs and eight new lows, while the Nasdaq recorded 21 new highs and 201 new lows. (Reporting by Ankika Biswas and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi)

Wall St Week Ahead-Retail Stocks Search For Direction As Rates Stay...

2025-07-10T01:34:17Z

Mei75C54714:

By David Randall and Lewis Krauskopf NEW YORK, June 14 (Reuters) - Elevated U.S. interest rates are pressuring the U.S. retail sector, where shares of many companies have been dented by months of tight monetary policy while a select few have soared. The S&P 500 Consumer Discretionary Distribution & Retail index is up nearly 14% this year, [https://blogbossbabe.com/ memek] roughly keeping pace with the S&P 500´s year-to-date gain. Much of the sector´s strength, however, has been concentrated in a small group of stocks, including heavyweight Amazon.com, which is up nearly 21% this year. Meanwhile, shares of companies focused on lower-income consumers have struggled, in-part because buyers in that segment have been more affected by elevated interest rates, analysts said. Among the biggest laggards are shares of Dollar Tree , which are down nearly 27% year-to-date and Dollar General, which have fallen nearly 9%. The retail sector is one of several areas of the economy - in addition to real estate and consumer staples - that have been pressured by elevated rates. The Federal Reserve earlier this week reiterated that it needs to see more evidence of cooling inflation before lowering borrowing costs. "The lower to mid-income segment is getting squeezed because of gas prices and groceries," said Greg Halter, director of research at Carnegie Investment Counsel. "They feel bad even though the economy is doing well." The consumer will be in focus next week when the U.S. reports retail sales data on Tuesday. Analysts polled by Reuters expect retail sales to have grown by 0.2% in May. Weaker-than-expected results - following data earlier this week showing encouraging progress on inflation - could bolster the case for the Fed to ease rates sooner rather than later. Futures markets have reflected increased investor expectations of a September rate cut, though the Fed projected it will only lower borrowing costs in December. The divergent performance of retail stocks has pushed investors to focus on companies whose consumers can continue to [https://www.google.com/search?q=withstand&btnI=lucky withstand] higher interest rates or those that offer discounts on name-brand household items like clothing or groceries, such as warehouse club company Costco Wholesale. Halter´s fund has been buying shares of companies such as Walmart, Costco, and TJX Companies whose business models emphasize value for the consumer. Their shares are up 28%, 29% and 16% respectively. Robert Pavlik, senior portfolio manager at Dakota Wealth Management, said he has owned Costco and TJX Companies, pointing to their strong management and inventory controls. "I think inflation will remain but moderate and consumers will still look to get the most out of their dollars," he said. Bokeh Capital Partners owns shares of Urban Outfitters , which are up over 20% this year. Kim Forrest, Bokeh's chief investment officer, said Urban Outfitters' strength as a fashion merchandiser has helped the company weather the inflationary environment, adding "people will sacrifice to look good." Josh Cummings, a portfolio manager at Janus Henderson Investors, believes areas such as online shopping will continue to thrive even if interest rates stay elevated. He has been targeting companies such as Carvana, whose shares have nearly doubled this year, and DoorDash , whose shares are up around 13%. "We're not terribly excited about the consumer sector overall, but we do think we are in the early innings of some of these growth stories," he said. (Reporting by David Randall, Editing by Nick Zieminski)

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Crystal Palace 2-4 Man City: Kevin De Bruyne s Double Seals Win

2025-07-10T00:58:51Z

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Manchester City kept up the pressure on their title rivals and Kevin de Bruyne hit his 100th goal for the club in their 4-2 [https://www.blogher.com/?s=victory victory] at Crystal Palace. There had been doubts about whether or not the Belgian or Erling Haaland would be in the starting line-up for the lunchtime kick-off at Selhurst Park, where the in-form Jean-Philippe Mateta fired the hosts in front three minutes after kick-off. De Bruyne drew the sides level moments later, [https://blogbossbabe.com/ tante sange] and City took the lead for the first time less than two minutes after the restart via Rico Lewis' second Premier League goal before De Bruyne set up Haaland for City's third. De Bruyne then added another with a solo effort to make it a century of goals for City in the 70th minute. Palace substitute Odsonne Edouard clawed one back late on, and while Pep Guardiola's men looked to pad what could be vital scoring statistics at the end of the season, they could not find a fifth in seven minutes of second-half stoppage time. Kevin De Bruyne scored twice to help Manchester City draw level on points with Liverpool Rico Lewis found the net and Erling Haaland got his customary goal as City turned on the style Jean-Philippe Mateta had given Palace the lead just three minutes in after a John Stones error Your browser does not support iframes. With safety all but secured, perhaps the more interesting proposition for Palace is now how they might affect the title chase. MATCH FACTS Crystal Palace XI (3-4-3): Henderson; Ward, Andersen, Lerma; Munoz, Wharton, Hughes (Ahamada 82), Mitchell (Clyne 75); Eze (Schlupp 64), Mateta (Edouard 74), Ayew (Olise 74) Subs not used: Matthews, Tomkins, Ozoh, Umeh, Edouard Goals: Mateta (3), Edouard (86) Booked: Mateta Man City XI (4-1-4-1): Ortega; Lewis, Stones, Dias, Gvardiol; Rodri (Kovacic 74); Bobb, De Bruyne (Silva 90+3), Alvarez (Nunez 74), Grealish; Haaland Subs not used: Ederson, Doku, Gomez, Akanji, Foden, Susoho Goals: De Bruyne (13, 70), Lewis (47), Haaland (66) Boked: Gvardiol Manager: Pep Guardiola Referee: Paul Tierney Advertisement Arsenal and City will be keeping their eye on the south Londoners, who travel to Liverpool next weekend. Mateta gave the home support - as well as the Gunners and Liverpool - something to smile about with a low strike that clipped the inside of the far post before crossing over for the opener. January signing Adam Wharton, who earned the assist, next tried setting up Eberechi Eze but overpowered the pass before City broke back and tested Dean Henderson with efforts from Julian Alvarez and Rodri, the latter calling the Palace shot-stopper into a particularly fine punch. There was little Henderson could do to stop De Bruyne, who curled into the top right corner for a brilliant finish to draw the sides level in the 13th minute. Palace replied with determination, enjoying another spell inside City's final third, and the frenetic pace finally ebbed as the visitors took control and piled on the pressure. Haaland, through on goal, forced Henderson into a save and Alvarez sent an effort wide, though it was Jordan Ayew who came closest to altering the scoreline before the break after he picked the pocket of Rodri, holding his head in his hands after watching his powerful effort clip the crossbar. The Eagles wanted a penalty when Josko Gvardiol barged into Eze on the stroke of half-time, and while referee Paul Tierney brushed off their protests, the home support had plenty to cheer about their side's performance in the first period. Odsonne Edouard turned home a late consolation for Palace but it was too little, too late City have an inferior goal difference to Liverpool but have put the pressure on them and Arsenal Lewis took the wind out of their sails less than two minutes after the restart, bringing down Jack Grealish's cross, his shot from near the penalty spot taking a slight deflection off Jefferson Lerma before going in. More chances came City's way, first through Alvarez then Grealish from a corner and De Bruyne before the hour mark before De Bruyne and Haaland combined for the visitors' third. It took just four minutes more for De Bruyne to bag his brace, drilling past Henderson to pad City's lead in the 70th minute, after which Palace boss Oliver Glasner introduced a host of substitutes including Michael Olise, who had not played since Palace's 4-1 loss to Brighton on February 3. He set up fellow substitute Edouard for a golden chance, and after squandering the initial opportunity he made up for the miss when he poked past Ortega in the 86th minute. Grealish wanted more with a late chance in second-half stoppage time but sent his effort over. Premier LeagueLiverpoolPhil Foden

US STOCKS-Wall St Set To Open Lower As Treasury Yields Rise Tesla...

2025-07-10T00:49:46Z

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Kohl s Sticks To Annual Targets Amid Tariffs Turbulence At Top

2025-07-09T23:56:19Z

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Shares jump 15% Analysts welcome forecast retention Interim CEO says will stick to former chief's turnaround plan (Adds comments from conference call throughout, adds analyst comment in paragraph 5, updates shares) By Juveria Tabassum May 29 (Reuters) - Kohl's retained its annual targets and reported better-than-expected quarterly results as the U.S. department store chain bets on its turnaround against the backdrop of tariff-induced uncertainty, pushing its shares up 15% on Thursday. The company, which fired its CEO earlier this month for a personal relationship with a vendor, reported a loss per share of 13 cents for the first quarter, [https://blogbossbabe.com/ tante sange] compared with estimates of a loss of 26 cents, according to data compiled by LSEG. Kohl's maintained its 2025 sales forecast of a 5% to 7% fall and earnings per share estimates of 10 cents to 60 cents. In contrast, larger rival Macy's cut its annual profit forecast a day earlier but maintained its sales expectation. "We think that within the guidance that we've given, we can manage through the tariff issue," Kohl's interim chief Michael Bender said on a post-earnings call. Kohl's maintaining forecasts was "an encouraging sign in the current environment," Telsey Advisory Group analyst Dana Telsey said. Analysts had [https://www.thesaurus.com/browse/expected%20Kohl%27s expected Kohl's] to cut or withdraw its forecasts at a time when tariffs have forced several retailers to lower their financial targets. Kohl's, like Macy's, is closing underperforming stores to focus on investing in outlets at prime locations and offering more of its private brands amid intense competition from off-price and online retailers. The company does not expect major shifts away from the turnaround plan laid under former CEO Ashley Buchanan, Bender said. Kohl's partnership with Sephora has remained a bright spot due to resilient demand for higher-end beauty and skincare products. The company is leveraging that association and has completed the rollout of Sephora outlets in nearly all its 1,100 U.S. stores. Kohl's will provide coupons with more brands by mid-August to ensure consumers have more discount options heading into the back-to-school and holiday shopping seasons, CFO Jill Timm said. "Kohl's has a long road to turning the business around but it's gratifying to see that the CEO turmoil didn't drag down this quarter," said Kim Forest, chief investment officer at Bokeh Capital Partners. The company's net sales for the three months ended May 3 were $3.05 billion, topping estimates of $3.02 billion. (Reporting by Juveria Tabassum in Bengaluru; Editing by Sriraj Kalluvila)

Wall St Week Ahead-Retail Stocks Search For Direction As Rates Stay...

2025-07-09T23:50:20Z

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By David Randall and Lewis Krauskopf NEW YORK, June 14 (Reuters) - Elevated U.S. interest rates are pressuring the U.S. retail sector, where shares of many companies have been dented by months of tight monetary policy while a select few have soared. The S&P 500 Consumer Discretionary Distribution & Retail index is up nearly 14% this year, roughly keeping pace with the S&P 500´s year-to-date gain. Much of the sector´s strength, however, has been concentrated in a small group of stocks, including heavyweight Amazon.com, which is up nearly 21% this year. Meanwhile, shares of companies focused on lower-income consumers have struggled, [https://blogbossbabe.com/ memek] in-part because buyers in that segment have been more affected by elevated interest rates, analysts said. Among the biggest laggards are shares of Dollar Tree , which are down nearly 27% year-to-date and Dollar General, which have fallen nearly 9%. The retail sector is one of several areas of the economy - in addition to real estate and consumer staples - that have been pressured by elevated rates. The Federal Reserve earlier this week reiterated that it needs to see more evidence of cooling inflation before lowering borrowing costs. "The lower to mid-income segment is getting squeezed because of gas prices and groceries," said Greg Halter, director of research at Carnegie Investment Counsel. "They feel bad even though the economy is doing well." The consumer will be in focus next week when the U.S. reports retail sales data on Tuesday. Analysts polled by Reuters expect retail sales to have grown by 0.2% in May. Weaker-than-expected results - following data earlier this week showing encouraging progress on inflation - could bolster the case for the Fed to ease rates sooner rather than later. Futures markets have reflected increased investor expectations of a September rate cut, though the Fed projected it will only lower borrowing costs in December. The divergent performance of retail stocks has pushed investors to focus on companies whose consumers can continue to withstand higher interest rates or those that offer discounts on name-brand household items like clothing or groceries, such as warehouse club company Costco Wholesale. Halter´s fund has been buying shares of companies such as Walmart, Costco, and TJX Companies whose business models emphasize value for the consumer. Their shares are up 28%, 29% and 16% respectively. Robert Pavlik, senior portfolio manager at Dakota Wealth Management, said he has owned Costco and TJX Companies, pointing to their strong management and inventory controls. "I think inflation will remain but moderate and consumers will still look to get the most out of their dollars," he said. Bokeh Capital Partners owns shares of [https://www.foxnews.com/search-results/search?q=Urban%20Outfitters Urban Outfitters] , which are up over 20% this year. Kim Forrest, Bokeh's chief investment officer, said Urban Outfitters' strength as a fashion merchandiser has helped the company weather the [https://soundcloud.com/search/sounds?q=inflationary&filter.license=to_modify_commercially inflationary] environment, adding "people will sacrifice to look good." Josh Cummings, a portfolio manager at Janus Henderson Investors, believes areas such as online shopping will continue to thrive even if interest rates stay elevated. He has been targeting companies such as Carvana, whose shares have nearly doubled this year, and DoorDash , whose shares are up around 13%. "We're not terribly excited about the consumer sector overall, but we do think we are in the early innings of some of these growth stories," he said. (Reporting by David Randall, Editing by Nick Zieminski)

US STOCKS-Dow Hits Two-week Low As Boeing Plummets; Megacaps Lift...

2025-07-09T23:07:19Z

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Boeing set to wipe over $13 bln in market cap after MAX 9 groundings Oil stocks fall on Saudi price cuts, rise in OPEC output Apple climbs as Vision Pro AR headset to go on sale in Feb * Indexes: Dow down 0.50%, S&P up 0.25%, Nasdaq up 0.72% (Updated at 9:52 a.m. ET/1452 GMT) By Johann M Cherian and Ankika Biswas Jan 8 (Reuters) - Blue-chip index Dow slipped to a fresh two-week low on Monday as Boeing shares nosedived following the grounding of some its jets, while a rebound in megacaps and chip stocks supported the other U.S. stock indexes. Boeing slid 9.1% after the U.S. Federal Aviation Administration (FAA) ordered the temporary grounding of some 737 MAX 9 jets fitted with a panel that blew off an Alaska Air Group jet in midair on Friday. The aircraft manufacturer could lose about $13.5 billion in value if losses hold through market close. "It could impact the airline sector because the 737 (MAX) is a real workhorse of the many airlines fleets," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "So it's a drag and a real black mark on Boeing and the company has to come out strongly and say how they're fixing this and how it's not going to happen again." Alaska Air Group slumped 3.9% after the carrier canceled more than 200 flights following the FAA order. On Friday, the benchmark S&P 500 marked its worst week since late October, after mixed economic data turned investors cautious and prompted them to scale back expectations on when the Federal Reserve could begin rate cuts. Remarks by Atlanta's Raphael Bostic, a Federal Open Market Committee (FOMC) voting member this year, due at 12:30 p.m. ET, will be parsed for his stance on monetary policy easing. That comes after Dallas' Lorie Logan warned over the weekend the Fed may need to resume raising its short-term policy rate. Money markets now see a 64.7% chance of at least a 25-basis-point (bps) rate cut as early as March, down from over 85% in the final weeks of 2023, according to the CME FedWatch Tool. Investors were also awaiting two December inflation reports later in the week and commentary by several policymakers for clues on the Fed's monetary policy trajectory. Among the 11 S&P 500 sectors, energy led declines with a 2.8% loss as crude prices sank nearly 5%. At 9:52 a.m. ET, the Dow Jones Industrial Average was down 185.79 points, or 0.50%, at 37,280.32, [https://blogbossbabe.com/ sex] the S&P 500 was up 11.73 points, or 0.25%, at 4,708.97, and the Nasdaq Composite was up 104.25 points, or 0.72%, at 14,628.33. Apple climbed 0.9% after saying its Vision Pro [https://www.newsweek.com/search/site/mixed-reality%20device mixed-reality device] will be available for sale from Feb. 2 in the United States. Amazon.com and Alphabet added 1.1% and 0.5% respectively. Chipmakers such as Nvidia and Advanced Micro Devices gained more than 3%, with the Philadelphia SE Semiconductor Index rebounding with a 1.9% gain from its worst week since October 2022. JPMorgan Chase, Wells Fargo, Bank of America and Citigroup lost more than 1% ahead of reporting quarterly earnings on Friday. Advancing issues outnumbered decliners by a 1.20-to-1 ratio on the NYSE and by a 1.05-to-1 ratio on the Nasdaq. The S&P index recorded six new 52-week highs and no new low, while the Nasdaq recorded 38 new highs and 31 new lows. (Reporting by Johann M Cherian and [https://www.academia.edu/people/search?utf8=%E2%9C%93&q=Ankika%20Biswas Ankika Biswas] in Bengaluru; Editing by Devika Syamnath)

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US STOCKS-S P 500 Nasdaq Drop In Uneven Trade With Nvidia Results...

2025-07-09T22:36:24Z

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Nike gains after Jefferies upgrades to 'buy' Berkshire Hathaway at record high after record Q4 profit Domino's Pizza falls after missing Q4 same-store sales estimates * Indexes: Dow up 0.07%, S&P 500 down 0.24%, Nasdaq down 0.72% (Updates for market open) By Johann M Cherian and Sukriti Gupta Feb 24 (Reuters) - The S&P 500 and the Nasdaq gave up early gains and declined in choppy trading on Monday, as investors awaited results from chip giant Nvidia for clues on the future of demand for artificial intelligence technology. Most megacap stocks fell, with Tesla sliding 2.7%, Meta down 2.1% and Microsoft losing 1.9%. Microsoft has scrapped leases for sizeable data center capacity in the U.S., suggesting a potential oversupply of AI infrastructure, TD Cowen analysts said in a note published late on Friday. The note picked up traction on social media platforms over the weekend, and several media outlets covered the development on Monday. The news comes weeks after the launch of low-cost AI models from China's DeepSeek in January rattled tech stocks and stoked doubts about overspending by U.S. companies on the popular technology. "Everybody's deepest fear is, even though Microsoft, Google, and Meta, have great funding, we don't know that they're really going to go through on their spending plans again because the tide is changing," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "The note of caution on here is how are they going to get all this money paid back?" Chip stocks also fell, with the broader Philadelphia SE Semiconductor Index down 1.6%. Nvidia's quarterly results, expected on Wednesday, puts the chip sector in the spotlight for the week. On the other hand, Apple reversed premarket declines to gain 1.1%. The iPhone maker unveiled planned U.S. investments to help bring online a [https://ajt-ventures.com/?s=factory factory] in Texas by 2026 to build AI servers and [https://blogbossbabe.com/ tante sange] add about 20,000 research and development jobs across the country. At 10:11 a.m. ET, the Dow Jones Industrial Average rose 28.60 points, or 0.07%, to 43,456.62, the S&P 500 lost 14.54 points, or 0.24%, to 5,998.59 and the Nasdaq Composite lost 141.43 points, or 0.72%, to 19,382.58. The more domestically-focused Russell 2000 smallcaps index lost 1%. Eight of the 11 S&P 500 sectors slipped. Technology stocks led declines with a 0.9% drop. U.S. stock indexes were extending losses registered in the previous week, when a batch of weak economic data and a disappointing forecast from Walmart had sparked concerns that the world's largest economy was stalling. The benchmark S&P 500 and a smallcaps index marked their worst daily declines of 2025 on Friday. On the data front, the Personal Consumption Expenditure index - the Federal Reserve's preferred inflation gauge - is expected on Friday and could help markets gauge the timing of the central bank's first rate cut this year. Interest rate futures indicate the Fed will leave borrowing costs unchanged for the first half of the year, according to data compiled by LSEG. Among other big movers, Berkshire's Class B shares rose 3.5% to touch a record high after the Warren Buffett-owned conglomerate reported a record annual profit over the weekend. Nike added 5.1% after Jefferies raised its rating on the athletic apparel maker to "buy" from "hold". Domino's Pizza fell 5% after the pizza chain missed expectations for fourth-quarter same-store sales. Markets are also on edge for any tariff comments from U.S. President Donald Trump. Declining issues outnumbered advancers by a 1.37-to-1 ratio on the NYSE and by a 2.16-to-1 ratio on the Nasdaq. The S&P 500 posted 22 new 52-week highs and 6 new lows while the Nasdaq Composite recorded 27 new highs and 149 new lows. (Reporting by Johann M Cherian, Sukriti Gupta and in Bengaluru; Editing by Devika Syamnath)

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Answers About Pertanyaan Dalam Bahasa Indonesia

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Answers About Dog Breeds

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