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Investors Exit Downgraded Target Stock

Mega retailer Target hasn’t recovered from consumer boycotts triggered after the company promoted Pride merchandise, with share prices and market cap declining significantly along with financial and popularity metrics. American consumers started boycotting Target in May, after the retail chain rolled out its Pride collection, which included some items that targeted children, including books, home

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Senate Foreign Relations Committee Approves Transfer of Nuclear Submarines to Australia

The U.S. Senate Foreign Relations Committee has started the process of attaining U.S. congressional approval for the United States to temporarily give Australia two nuclear-powered submarines, alongside other measures to deepen defense sharing with members of the pro-liberty AUKUS defense alliance. In a bipartisan move on July 13, the committee authorized the transfer of two

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Taiwanese Groups Protest Against Service Trade Agreement With Communist China

The Cross-Strait Service Trade Agreement has recently become a hot topic in the run-up to Taiwan’s national election early in 2024, as candidates from different parties have been urged to express their stances on it to the public. Professional groups have protested against the agreement with China, which has been waiting for ratification by Taiwan’s

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Twitter Has ‘Negative Cash Flow’ and ‘Heavy Debt,’ Musk Reveals

Twitter is dealing with a “heavy debt load” after losing about 50 percent of its advertising revenue, and that has resulted in the app having a “negative cash flow,” Elon Musk, the company’s owner, wrote on July 14. “We’re still negative cash flow, due to ~50 percent drop in advertising revenue plus heavy debt load. Need to

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Billionaire Warns Hollywood Faces ‘Absolute Collapse’ If Strike Isn’t Resolved

Barry Diller, the billionaire media mogul, said that a failure to resolve twin strikes of the writers’ and screen actors’ guilds could lead to “devastating effects” if no deal is reached soon. Last week, a number of top movie and TV actors joined picket lines alongside screenwriters on the first full day of a walkout that has

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Yellen Visits India Again to Promote Closer Ties and Tackle Global Economic Problems

GANDHINAGAR, India—On the heels of a trip to Beijing, U.S. Treasury Secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Ms. Yellen told reporters

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Couple Checking out Barking Dog Leads to Encounter With Escapee, His Recapture

YOUNGSVILLE, Pa.—A couple checking out a barking dog on their northwestern Pennsylvania property led to the capture of a homicide suspect who had used bed sheets to escape from jail, authorities said. Michael Burham, 34, was captured nine days after he fled the Warren County jail in the late evening hours of July 6 by

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