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Retail sales rebounded in May

Consumers finally opened their wallets in May as retail sales bounced back from a disappointing stretch that surprised economists. Sales jumped 1.2%, the Commerce Department said Thursday, in line with

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Google launches Sidewalk Labs; aims to help fix cities

Google, famous for its ambitious projects to build self-driving cars and high-altitude balloons that beam the Internet to earth, is now taking aim at fixing another major problem: city life.

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Lululemon stock falls as founder prepares to sell his shares

Founder Dennis “Chip” Wilson looks poised to sell his family’s entire stake in Lululemon Athletica Inc., a move that could signal the end of a rocky relationship between him and

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May retail sales could bolster rebound thesis

If there’s been one thing missing from the recent string of strong incoming economic data, it is consumers’ unwillingness to open up their wallets. “The missing piece,” says Brad McMillan,

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European officials open Amazon antitrust investigation

The European Commission said Thursday that it has opened a formal investigation into business practices by Amazon in its distribution of electronic books. The commission said in particular it will

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Wait continues for easier access to mainland China shares

Want an easier way to invest in  shares of Mainland China stocks? Well, that day is getting closer, but investors will have to wait a little bit longer. Currently, American

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Dow up about 250, back in black for 2015

The Dow’s gain Wednesday of around 250 points not only puts it on track to end a four-session losing skid, but it also puts the blue-chip stock index on pace

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Bond rout continues as U.S., German yields hit 9-month highs

The sharp rise in long-term government bond yields continued today, with the yields on the U.S. and German 10-year bonds hitting their highest levels since late September. In another day

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Spotify tops 20 million subscribers

Two days after Apple formally entered the streaming music market, key player Spotify announced it doubled the number of paid users of its service over the past year. In a

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Tokio Marine to buy HCC Insurance for $7.5B

Tokio Marine Holdings said Wednesday that it agreed to buy U.S.-based HCC Insurance Holdings for $7.5 billion. The deal is the biggest overseas deal ever made by a Japanese nonlife

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Elon Musk: SpaceX goes public when Mars flights begin

Since the other two companies associated with Elon Musk have publicly traded shares, one might think that it only makes sense that they be joined by the third, rocket maker

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Job openings hit 14-year high in April

The number of job openings in the U.S. surged to a 14-year high in April in a sign that job growth could strengthen further in coming months, the Labor Department

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