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Stock Market Rallies, Showing Resilience of Consumers

Retail stocks shot higher on Wednesday, after upbeat earnings reports suggested consumer spending — the engine of the American economy — is still holding up, even as the global economy struggles. Two large retailers, Target and Lowe’s, reported second-quarter profits on Wednesday that beat analysts’ expectations, throwing cold water on …

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Stock market rallies after decision to delay Trump tariffs on China

Markets rose as Donald Trump’s administration delayed come tariffs against Chinese products in a move that will allow retailers to stock up on foreign goods before the holiday season.  The delay came as an unexpected relief for technology investors, who welcomed the news as shares in Apple surged more than five per cent …

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