Deficit hits 2.81 trillion in first 10 months
The U S budget deficit rose to 2.81 trillion dollars in ten months, a record shortfall as September year end approaches. July alone showed a 63 billion deficit amid pandemic aid and tax revenue shifts. Outlays total 5.63 trillion year to date, receipts 2.82 trillion, with relief packages shaping the outlook.
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Associated Press
Stocks push near record as tech leads broad rally
U S equities rose broadly on Wednesday with the S&P 500 approaching its February peak after a 1.4 percent gain. The Dow gained 289.93 points and the Nasdaq rose 2.1 percent while Treasury yields edged higher on inflation data.
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Stein Mart files for bankruptcy amid store closures
Roundup of recent retail and tech distress shows Stein Mart, Lyft, Tribune Publishing actions. Stein Mart, based in Jacksonville, seeks Chapter 11 after 112 years, planning to close most of its 280 stores and possibly sell its eCommerce arm, with going out of business sales to begin soon. Lyft posts a quarterly loss as ridership collapses and delivery expands. Tribune Publishing shuts newsroom spaces while continuing print editions from home.
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ST. Petersburg
Fla
Stein Mart
Hunt Hawkins
Jacksonville
Florida
Hunt
Linda Tasseff
Westlake
Beachwood
Canton
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America
Lord & Taylor
J. Crew
J.C. Penney
Neiman Marcus
Men’s Wearhouse
Jos. A. Bank
Stage Stores
Ascena Retail Group
Lane Bryant
Ann Taylor
Max Reinsdorf
The
Daily News
Tribune Publishing Company
New York
Mortimer B. Zuckerman
Newsroom
New York Plaza
Manhattan
Associated Press
Reinsdorf
Capital Gazette
Maryland
University of Maryland
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National Discount Department Store Chain
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