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Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
May 22, 2019
Page
5
Partial OCR text references Syria uprisings violence and government actions. Mentions Idlib Tabga and Tabqa areas, U.S. withdrawal and an ongoing inquiry. Indicates casualties and refugees but lacks clear sequence. Source is garbled and difficult to interpret.
Fragmentary OCR text references threats against former President Trump, unnamed officials, and security measures. Mentions include the Patriot, a ship, and a Gen. chairman of staff, with unclear context and fragmented phrases about vacated areas and inviting or announced events.
J C Penney and Kohl's report weaker fiscal first quarters with losses and sales declines. Penney cites ongoing turnaround struggles and a tepid start while Kohl's trims 2020 profit outlook amid damp spring wear and home goods competition. Macy's beat estimates as off-price rivals like T J Maxx gain momentum. Home Depot posts higher profit but slower same store sales. American Airlines cuts oversize gear fees, Tesla trims Model S and X prices amid mixed demand and price adjustments.
Beijing reports that the United States will postpone sanctions on Huawei for 90 days to cushion owners of phones and US telecoms reliant on Huawei gear. The move, framed as nonwar-related, aims to ease 5G deployments while Huawei seeks emergency relief and Huawei Europe warns of wider risks for global firms.
U S existing home sales slipped 0.4 percent in April to a seasonally adjusted annual rate of 5.19 million, with affordability and a tight supply of starter homes weighing on buyers. The median price rose 3.6 percent to 267300, while inventory improved to 4.2 months.
U S stocks rose led by the S&P 500 after limited relief for Huawei amid ongoing U S China trade tensions. Markets saw gains in semiconductors and European tech shares while Treasuries slipped and the dollar firmed as data and Fed minutes due this week.
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