US: Wall Street opens higher on retail sales boost

US: Wall Street opens higher on retail sales boost

WALL Street’s main indices opened higher on Thursday (Aug 15) as retail sales data for July indicated resilient consumer spending, allaying fears of an imminent recession in the world’s largest economy. The Dow Jones Industrial Average rose 287.3 points, or 0.72 per cent, at the open to 40295.74. The S&P 500 rose 45.9 points, or…

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Chinese e-commerce group JD.com beats profit forecasts in Q2

Chinese e-commerce group JD.com beats profit forecasts in Q2

Chinese e-commerce group JD.com on Thursday (Aug 15) reported forecast beating second-quarter profits, helped by price cuts that attracted cost-sensitive consumers to its platform. JD.com’s US-listed shares rose as much as 3.5 per cent in premarket trading. Major Chinese vendors like JD.com and Alibaba have increased focus on discounts and lower-priced goods as Chinese shoppers…

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Who Is Ksenia Karelina? American Ballerina Jailed for 12 Years in Russia for Treason after Donating $51.80 to Ukrainian Charity

Who Is Ksenia Karelina? American Ballerina Jailed for 12 Years in Russia for Treason after Donating .80 to Ukrainian Charity

Ksenia Karelina, a Russian-American spa worker, was sentenced to 12 years in prison on Thursday by a Russian court after being convicted of treason for donating money to a charity that supports Ukraine. The Los Angeles resident pleaded guilty during her closed trial in Yekaterinburg. Karelina, who is said to have obtained U.S. citizenship after…

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