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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 31, 2021
Page
8
Chico's FAS forecast an 8 cent per share loss for the May to July quarter, improving from a 40 cent loss a year earlier. The Florida retailer, owner of WHBM and Soma, would mark its eighth straight quarterly loss as it faces ongoing struggles.
Quotable from Brad McMillan of Commonwealth Financial Network on Powell maintaining calm as stocks stay near record highs. Commodities data show current contract figures and changes, reflecting ongoing market strength.
PVH Corp. the New York fashion group behind Tommy Hilfiger and Calvin Klein is due to report today that second quarter earnings rose to about $1.20 per share from 13 cents a year earlier. Full year profit is seen near $5.50 a share, reversing a $15.96 loss from last year.
Big Tech shares boosted the S&P 500 and Nasdaq to new highs while the Dow and small caps fell. Alibaba affiliate Af firm links with a payments partner to offer a buy now pay later option without a credit card. ADVA Optical Networking deal by ADTN adds to tech M&A activity.
Beijing imposes a nationwide cap preventing minors from online gaming for more than three hours weekly. They may play only from 8 p.m. to 9 p.m. on Fridays weekends and public holidays starting Sept 1, tightening the 2019 rule that allowed longer daily and holiday play.
Authorities push for tighter oversight as lawmakers flag potential outsized influence of technology companies on society. Regulators seek new rules to curb market power, address data privacy, and ensure competition while industry voices call for balanced approaches.
California pursues lithium from geothermal brines at the Salton Sea as demand for EV batteries grows. Nevada hosts the only U.S. plant while U.S. output trails peer nations, fueling tensions over environmental and economic revival along the shrinking lake. PNC Bank raises minimum wage to 18 dollars an hour, boosting BBVA USA workers after acquisition.
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