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    Stocks Fall, Bond Yields Tumble After Fed’s Latest Rate Hike

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    Kellogg (NYSE:K) Takes On Some Risk With Its Use Of Debt

    Kellogg (NYSE:K) Takes On Some Risk With Its Use Of Debt

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    UnitedHealth Group Inc. stock falls Thursday, underperforms market

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    Xerox Holdings Corp. stock falls Thursday, underperforms market

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    Mineralys Therapeutics (NASDAQ:MLYS) Reaches New 52-Week Low After Analyst Downgrade

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    Petco Shares Sink 13% After Issuing FY23 Guidance

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    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    Bitcoin Is Falling: Should You Buy the Dip?

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    CN Rail Stock Is So Undervalued That it’s Absurd

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    Park Outside: Hyundai, Kia Recall Vehicles Due to Fire Risk

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    Stocks Fall, Bond Yields Tumble After Fed’s Latest Rate Hike

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    First Majestic Shares Drop After Mining at Nevada Operation Suspended

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    Kellogg (NYSE:K) Takes On Some Risk With Its Use Of Debt

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    UnitedHealth Group Inc. stock falls Thursday, underperforms market

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    Chewy stock dips as earnings show shrinking customer count, forecast of no profit growth

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    Nike stock turns lower, as enduring costs, markdowns weigh on margins

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    Cidara Therapeutics Down 3% After Hours Following FDA Approval

    Xerox Holdings Corp. stock falls Thursday, underperforms market

    Xerox Holdings Corp. stock falls Thursday, underperforms market

    Mineralys Therapeutics (NASDAQ:MLYS) Reaches New 52-Week Low After Analyst Downgrade

    Mineralys Therapeutics (NASDAQ:MLYS) Reaches New 52-Week Low After Analyst Downgrade

    Petco Shares Sink 13% After Issuing FY23 Guidance

    Petco Shares Sink 13% After Issuing FY23 Guidance

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    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

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    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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Japan’s economy shrank an annualized 3.9% in first quarter

Editorial Staff by Editorial Staff
June 8, 2021
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Japan’s economy shrank an annualized 3.9% in first quarter

Japan’s economy shrank at a slower pace than initially estimated in the first quarter of 2021, the government’s revised data showed Tuesday, confirming the first contraction in three quarters.

The world’s third-largest economy after the U.S. and China shrank 3.9% on an annualized basis, which reflects what would happen if the first-quarter pace continued for a full year.

That compared with the 5.1% contraction in a preliminary estimate released in May. The economy shrank 1.0% from the previous quarter.

The revised data showed that capital expenditure fell 1.2% from the previous quarter, compared with an initial estimate of a 1.4% decline. Public investment fell 0.5%, slower than the 1.1% decline initially estimated.

Economists say weakness in the services sector is likely to continue to weigh on the economy in the current April-June quarter as the government’s state of emergency has been extended through June 20.

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