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Wall Street anticipates key earnings reports from major retailers like Walmart and Target to gauge consumer health amidst Trump's tariffs, weak job growth, and inflation. While retailers have largely protected margins, the full tariff impact looms, potentially weakening consumer spending later this year. Back-to-school shopping is crucial, especially for Target, as consumers carefully prioritize purchases.
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Air Canada has halted operations as more than 10,000 flight attendants went on strike after a deadline to reach a new labor deal passed.
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Berkshire Hathaways Q2 13F filing revealed Warren Buffetts seven big stock moves, including new bets in healthcare and steel, trims in Apple and Bank of America, and a full exit from telecom.
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News and Media
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