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(New York, NY) – A key indicator shows inflation held steady in July. The personal consumption expenditures price index rose 2-tenths percent last month and is up by two-and-a-half percent from a year ago. Personal income rose 3-tenths percent, while spending increased a half-percent in line with forecasts
Elon Musk has announced the closure of X’s headquarters in San Francisco. The social media company, formerly known as Twitter, will officially shut down its Mid-Market office on September 13th. Employees will be relocated to new offices in the Bay Area while the company’s headquarters are expected to move to Austin
The fast food chain Shake Shack is shuttering operations at six California locations with owners hinting that a 20-dollar-an-hour minimum wage is too much.
Costco plans to raise membership prices Sept. 1. But you can still get the gold Costco membership for $60 — and a free $20 Costco gift card when you sign up
At the close Friday, August 30th the Dow gained 228 points to 41,563. The S&P 500 rose 56 points to 5648. The Nasdaq climbed 197 points to 17,713. Markets will be closed on Monday in observance of the Labor Day holiday.
