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Nike reportedly is hiking prices by as much as 7%, according to various media reports, though the apparel maker is not tying the cost increases directly to tariffs.
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Bitcoin hits new record high above $111,000 as rally marches on CNBCBitcoin jumps to new all-time high, surpassing prior record from January CNBCBitcoin Price Surges Into Uncharted Territory. The Next Catalysts for the Crypto. Barron'sBitcoin trims gains after surging to new record above $109,500 Yahoo Finance
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Inflated stock prices may have been mistaken for growth-driven superiority
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Nike to hike prices as it faces tariffs uncertainty BBCNike to resume selling directly on Amazon for first time since 2019 CNBCNike set to raise prices next week, plans to sell on Amazon again ReutersNike Returns to Amazon's Online Store as Direct Vendor Bloomberg.com
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Walmart Inc. plans to cut around 1,500 jobs, the Wall Street Journal reported on Wednesday, as the big-box chain tries to manage costs and accelerate decision-making amid broader efforts by retailers and consumers to navigate inflation and tariffs.
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From Target to Walmart, retailers are fighting two battles at once: a financial battle to keep costs low in the face of new tariffs, and a political one to avoid the president's wrath.
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Stock and bond prices moved lower after the Bureau of Labor Statistics issued a strong-than-expected employment report for October, which bolsters the case for the Federal Reserve to push ahead with interest-rate increases this year and next.
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