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Tuesday,  November 26 , 2024

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The New York Stock Exchange, at right, is shown on Wednesday, Aug. 14, 2024, in New York.

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy

The New York Stock Exchange, at right, is shown on Wednesday, Aug. 14, 2024, in New York.

August 15, 2024, 1:18pm Business

Wall Street is rallying closer to its records on Thursday following signals the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. Read story

Democratic presidential nominee Vice President Kamala Harris speaks at a campaign rally, Saturday, Aug. 10, 2024, in Las Vegas.

Harris is zeroing in on high food prices as inflation remains a big issue in the presidential race

Democratic presidential nominee Vice President Kamala Harris speaks at a campaign rally, Saturday, Aug. 10, 2024, in Las Vegas.

August 15, 2024, 1:12pm Business

Vice President Kamala Harris is zeroing in on high food prices as her campaign previews an economic policy speech Friday in North Carolina, promising to push for a federal ban on price gouging on groceries as she looks to address one of voters' top concerns. Read story

File - A hiring sign is displayed in Riverwoods, Ill., on April 16, 2024. (AP Photo/Nam Y.

US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market

File - A hiring sign is displayed in Riverwoods, Ill., on April 16, 2024. (AP Photo/Nam Y.

August 15, 2024, 8:15am Business

The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates. Read story

FILE - Brian Niccol, named the chairman and chief executive officer of Starbucks on Aug. 13, 2024, is shown during an interview on June 9, 2015, in New York.

Potentially massive pay package for Starbucks new CEO, and he doesn’t even have to move to Seattle

FILE - Brian Niccol, named the chairman and chief executive officer of Starbucks on Aug. 13, 2024, is shown during an interview on June 9, 2015, in New York.

August 15, 2024, 8:12am Business

Incoming Starbucks CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee giant. Read story

Supporters and relatives watch Algerian boxer Imane Khelif competing in the women&rsquo;s 66-kg boxing Olympic final match in Bibane Mesbah, near Tiaret, Algeria, Friday , Aug. 9, 2024.

French prosecutors investigate gender-based cyber harassment of Algerian Olympic champ Imane Khelif

Supporters and relatives watch Algerian boxer Imane Khelif competing in the women&rsquo;s 66-kg boxing Olympic final match in Bibane Mesbah, near Tiaret, Algeria, Friday , Aug. 9, 2024.

August 15, 2024, 8:10am Business

French prosecutors opened an investigation into an online harassment complaint made by Olympic boxing champion Imane Khelif after a torrent of criticism and false claims about her sex during the Summer Games, the Paris prosecutor’s office said Wednesday. Read story

FILE - A worker organizes bicycles at a Walmart Superstore in Secaucus, New Jersey, July 11, 2024. Last month&rsquo;s rise in the unemployment rate has set off new worries about the threat of a recession, but it could also be a false alarm. The distorted post-pandemic economy has already confounded a host of traditional recession signals, at least so far.

Walmart grows more optimistic about 2024 as bargains prove a powerful lure for the inflation weary

FILE - A worker organizes bicycles at a Walmart Superstore in Secaucus, New Jersey, July 11, 2024. Last month&rsquo;s rise in the unemployment rate has set off new worries about the threat of a recession, but it could also be a false alarm. The distorted post-pandemic economy has already confounded a host of traditional recession signals, at least so far.

August 15, 2024, 7:52am Business

Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions who have struggled with rising costs for housing, groceries and almost everything else. Read story

FILE - People walk around a Walmart Superstore in Secaucus, New Jersey, on July 11, 2024.

US shoppers sharply boosted spending at retailers in July despite higher prices

FILE - People walk around a Walmart Superstore in Secaucus, New Jersey, on July 11, 2024.

August 15, 2024, 7:48am Business

Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. Read story

Meta kills off misinformation tracking tool CrowdTangle despite pleas from researchers, journalists

August 15, 2024, 7:48am Business

Facebook and Instagram parent Meta Platforms has shut down CrowdTangle, a tool widely used by researchers, watchdog organizations and journalists to monitor social media posts, notably to track how misinformation spreads on the company’s platforms. Read story