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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
Jan 04, 2020
Page
3
Wall Street fell broadly while oil prices rose after a U S strike killed a top Iranian general in Iraq. The S P 500 slipped 0.7 percent to 3234 85 and Dow dropped 0.8 percent to 28634 88. Gold gains and energy stocks mixed as investors seek safety.
Tesla Inc delivered a quarterly record of about 112000 vehicles and roughly 367500 for the year, with the Model 3 accounting for 83 percent of Q4 sales. The Palo Alto firm posted a near 3 percent rise to a record close of 443.01 as deliveries topped expectations amid Shanghai factory ramp plans and cautious note on final figures.
Hundreds of Delta Air Lines workers filed two class action suits in federal court in Madison Wisconsin against Lands End alleging contracts for Passport Plum uniforms caused skin rashes hair loss and other health issues. The suits claim negligence and failure to recall, naming Zac Posen designed garments and chemicals used to produce high stretch wrinkle resistant deodorizing and anti static uniforms. More than 500 plaintiffs are listed across the actions.
Federal Reserve minutes from December show policymakers favored holding rates at 1.5 to 1.75 percent to support a resilient economy amid slow global growth and trade frictions. They noted inflation below target but observed diminished risks from U S China tensions and Brexit, though Middle East tensions and oil prices add uncertainty.
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