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Impulse purchases — gum, mints and snack bars tossed into a shopping basket as one snakes through the supermarket checkout line — are falling as more people get groceries delivered or pick them up curbside. US sales of mints are down 30 percent year-on-year at stores tracked by market researcher Nielsen in the 11 weeks …
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The Justice Department has dropped insider-trading investigations into three U.S. senators but remains focused on Senator Richard Burr (R., N.C.), according to multiple reports. Prosecutors have informed attorneys for Senators Kelly Loeffler (R., Ga.), Dianne Feinstein (D., Calif.), and Jim Inhofe (R., Okla.) that they were no longer under investigation for selling off millions in …
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US stock indexes dropped on Friday as Sino-US tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus. President Donald Trump’s statement on China’s plan for a national security law in Hong Kong on Thursday raised concerns over Washington and Beijing possibly reneging on their Phase-1 trade deal. Fears of …
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Supermarket employees forced to work through the pandemic are now facing threats to their “hero pay” even as ornery customers refuse to wear masks while they shop. Employee frustrations could soon reach a boiling point as the largest grocery chain in the country — The Kroger Co. — gets ready to revoke the extra $2 …
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US stocks jumped Wednesday as continued hopes for a recovery from the coronavirus crisis helped investors shake off questions about a potential vaccine. The Dow Jones industrial average climbed as much as 359.73 points, or 1.4 percent, to 24,566.59 in early trading to recover most of the prior day’s 390-point loss. The S&P 500 and …
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The Nasdaq Stock Market notified the Chinese cafe chain Luckin Coffee that it plans to delist it from the U.S. stock exchange, the company said Tuesday. The Listing Qualifications Staff cited two reasons in their written notice for the decision to delist, the company said in a regulatory filing, including “public interest concerns” related to …
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US stocks slid Tuesday as investors reined in their optimism about a promising coronavirus vaccine. The Dow Jones industrial average dipped as much as 135.71 points, or 0.5 percent, to 24,461.66 in early trading to give back some its 900-point Monday rally. Hardware store chain Home Depot led the blue-chip index lower with its shares …
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US stocks surged Monday on hopes for a coronavirus vaccine that could allow the global economy to emerge from its pandemic-induced coma. The Dow Jones industrial average jumped as much as 701.31 points, or 2.9 percent, to 24,386.73 at the open after biotech firm Moderna reported promising results from a small human trial of its …
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Senator Richard Burr (R., N.C.) on Thursday stepped down as chairman of the Senate Intelligence Committee during an investigation into allegations that Burr engaged in insider trading. “Senator Burr contacted me this morning to inform me of his decision to step aside as Chairman of the Intelligence Committee during the pendency of the investigation,” Senate …
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Amazon is once again on the prowl for stores owned by bankrupt grocer Fairway Market, The Post has learned. After forking over $1.5 million for two of Fairway’s grocery stores in March, the online shopping giant has been kicking the tires at other Fairway locations, including in the Douglaston neighborhood of Queens; in the Long …