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Thursday, September 28, 2023

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UniFirst and Progress Software Decline as Lululemon and Cintas Experience Growth

Business Editorial Team
Business Editorial Team
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Stocks that Traded Heavily or Had Substantial Price Changes on Wednesday

UBS Group AG

Shares of UBS Group AG rose by 83 cents to $20.10 on Wednesday. The bank announced that it is bringing back former CEO Sergio Ermotti to carry out a government-orchestrated takeover of struggling rival Credit Suisse.

Lululemon Athletica Inc.

Lululemon Athletica Inc. saw its stock price surge by $40.73 to $361.04 on Wednesday. The workout wear brand gave investors a reason to cheer with its latest earnings report, which exceeded expectations.

Other Stocks to Watch

  • Apple Inc. – The tech giant’s stock fell by 1.3% on Wednesday, as investors reacted to news that the company is facing a lawsuit over its App Store fees.
  • Microsoft Corp. – Shares of Microsoft Corp. dropped by 1.6% on Wednesday, amid concerns about the company’s ability to meet demand for its Xbox Series X and S consoles.
  • Tesla Inc. – Tesla Inc.’s stock price fell by 4.4% on Wednesday, after the electric vehicle maker announced that it is recalling nearly 6,000 vehicles due to safety concerns.

In this news end,it was a mixed day for the stock market, with the S&P 500 and Nasdaq Composite both ending the day slightly lower, while the Dow Jones Industrial Average rose by 0.6%. Investors continue to keep a close eye on the ongoing COVID-19 pandemic, as well as the latest economic data and corporate earnings reports.

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Coinbase’s Expansion in Canada: A Follow-Up

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Lebanon Cancels $122M Airport Terminal 2 Plan Unexpectedly

Lebanon Cancels Contract for New Airport Terminal Lebanon's caretaker transportation minister has announced the cancellation of a contract for a new terminal at the country's main airport. The decision comes after criticism that no public bidding was held for the...
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US Economic Growth for Last Quarter Revised Down to 26% Rate, Marking a Unique Change

US Economy Grew at 2.6% Annual Pace in Q4 Despite Rising Interest Rates The US economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight...
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Jobless Claims Increase Among Americans; Layoffs Remain Minimal

Jobless Claims in the US Rise Slightly, But Still Remain Historically Low Despite the Federal Reserve's efforts to cool the economy and job market in its fight against inflation, U.S. applications for jobless benefits rose slightly last week. However, the...
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Fire breaks out as BNSF train carrying ethanol derails in Minnesota, prompting evacuation of small town

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Egypt Implements Interest Rate Hike to Combat Soaring Inflation

Egypt's Central Bank Increases Interest Rates to Combat Inflation and Currency Depreciation Overview The Central Bank of Egypt has announced that it has raised interest rates in response to the country's ongoing battle with inflation and a depreciating currency. The increase...
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