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A Stock Market Malaise With the Shadow of ’70s-Style Stagflation

Vaccine mandates seem to be working, younger children may be approved for shots by Halloween, and the coronavirus appears to be in retreat. But those hopeful signs herald a messy […]




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The Stock Market’s Hot Summer Became a Swoon. Where Does It Go Next?

“There’s a potential for an earnings recession, meaning you have a couple of quarters of negative earnings growth,” said Mike Wilson, chief U.S. equity strategist at Morgan Stanley, who thinks […]




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Chip Shortage Makes Big Dent in Automakers’ U.S. Sales

Four of the biggest sellers of cars and trucks in the United States said Friday that their sales had plunged recently, reflecting the intense squeeze that a global semiconductor shortage […]




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Airlines See a Surge in Domestic Flights, Beating Forecasts

The aviation recovery is gaining momentum.A summer travel bonanza is exceeding expectations, helping airlines earn profits again and brightening the outlook for the rest of the year. It’s a welcome relief […]




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Robinhood Reveals Rising Revenue and a $1.4 Billion Loss

The company’s shareholders, however, stuck with it. Within a week, it raised two rounds of emergency funding totaling $4.4 billion to meet lending requirements for stock trades and to continue […]




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Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine

The pricing for the United States was in line with the cost of seasonal flu vaccines and much less expensive than vaccines for conditions like shingles, which can run into […]










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Auto Dinosaurs Show They’re Not Dead Yet

A year ago, investors had pretty much given up the big global carmakers for dead. Shares of Daimler, General Motors and Ford Motor were at 10-year lows. Electric vehicle start-ups […]




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The Gig Economy Dipped Again in the Fall. But How Bad Was It?

In a year turned upside down by the pandemic, Roberto Moreno’s experience as a ride-hailing driver in San Diego reflected the fortunes of the companies for which he drove.In March, […]