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US wholesale inventories surge in July

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WASHINGTON, Sept 10(Reuters) - U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department's Census Bureau said. Inventories, a key part... Read More.

Macy’s raises annual forecasts as Bloomingdale’s drives growth

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Sept 10 (Reuters) - Macy's raised its annual sales and profit forecasts on Thursday after stronger performance at its upmarket Bloomingdale's and Bluemercury chains as higher-income shoppers keep spending despite broader economic uncertainty. Under CEO Tony Spring, the department-store operator has been pursuing its "Bold... Read More.

Morning Bid: Forever war?

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By Mike Dolan Sept 10 (Reuters) - Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November's midterm elections. That came amid the most intense attacks on Gulf shipping in the... Read More.

JetBlue raises third-quarter fuel price forecast

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Sept 10 (Reuters) - JetBlue Airways expects to pay more for fuel in the third quarter as the Iran war keeps prices elevated, while demand for travel remains strong. The carrier said on Thursday it expects to pay $3.96 per gallon for fuel in the... Read More.
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