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U.S. retail sales flat on gasoline price drop; consumer spending resilient

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People shop for clothes at a Target retail chain in Westbury, New York, U.S., May 20, 2021. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com Register Retail sales unchanged in July; June sales revised down Gasoline, motor vehicles account for flat sales Core retail sales increase 0.8% WASHINGTON, Aug 17 (Reuters) – …

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U.S. housing starts near 1-1/2-year low; factory output rebounds

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Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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Third Point discloses stake of nearly $1 bln in Disney, pushes for changes

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Aug 15 (Reuters) – Hedge fund Third Point on Monday disclosed a stake of roughly $1 billion in Walt Disney Co (DIS.N) and said it plans to push the media company to make a string of changes, from spinning off cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor …

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Starbucks seeks to pause union elections at U.S. cafes, claims misconduct

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NEW YORK, Aug 15 (Reuters) – Starbucks Corp (SBUX.O) on Monday accused the federal labor board overseeing union elections at its U.S. cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation. The coffee chain said in a letter to National Labor Relations Board (NLRB) Chairman Lauren McFerran …

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NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

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A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing …

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Exclusive: Europe eyes Musk’s SpaceX to bridge launch gap left by Russia tensions

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PARIS, Aug 12 (Reuters) – The European Space Agency (ESA) has begun preliminary technical discussions with Elon Musk’s SpaceX that could lead to the temporary use of its launchers after the Ukraine conflict blocked Western access to Russia’s Soyuz rockets. The private American competitor to Europe’s Arianespace has emerged as a key contender to plug …

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Five Chinese state-owned companies to delist from NYSE

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SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned firms including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist from the New York Stock Exchange, amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and …

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Fed officials say more rate hikes needed, despite slowing inflation

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The Federal Reserve building is pictured in Washington, D.C., U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register Kashkari sticks to his view of 3.9% fed funds rate at end-2022 Evans sees 3.4% policy rate this year Both push back on market expectation for rate cuts next year …

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