U.S. retail sales edge up after December drop
January retail sales rose 0.2 percent led by home and garden stores while sporting goods and hobby shops posted the largest six year gain. Auto, furniture, electronics fell. gas and apparel down amid market volatility and shutdown fears. Levi Strauss to raise up to 587 million in IPO with about 9.5 million shares offered. Tokyo court rejects Ghosn attendance at board meeting amid bail restrictions while Nissan faces various charges. UAW warns of possible strike as contract talks loom and increases weekly strike pay.
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San Francisco
Levi Strauss
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Carlos Ghosn
Ghosn
Detroit
United Auto Workers Union
Gary Jones
UAW
Tesla halves showroom closures plan while lifting car prices
Tesla reverses course on closing most showrooms, keeping about half as many open and raising prices about 3 percent on all but the $35,000 Model 3. The move follows a shift to online sales and includes test drive access and small inventory at remaining stores.
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New York
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SEC
Meissner
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Gartner
Michael Ramsey
Ramsey
Tech rally lifts US stocks for biggest gain since January
Technology led the session with gains across the S&P 500 as Nvidia advanced on a Mellanox deal and Apple rose after an upgrade. Boeing fell 5.3 percent after a second fatal 737 crash, contributing to a Dow dip that otherwise posted gains in a broad market rally. The Nasdaq jumped about 2 percent while the S&P 500 rose 1.5 percent to 2783.30, and the Dow gained 0.8 percent to 25650.88. Major European markets also rose as traders cited rising retail sales, and rebounding Chinese exports fueling optimism.
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U.S
Nvidia
Mellanox
Apple
Boeing
Tom Martin
Dow
New E TEMP High and Norm Area Record Found
A new extreme temperature reading and regional norm update were reported, highlighting a 24 hour period with notable temperature deviations. The data shows sharp shifts in local climate metrics, with officials noting the significance for area weather planning.
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