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Year-end inflation surge new headache for Russia

Bloomberg The latest data on Russian inflation are sending up warning signals that the first few months of 2019 could be even more hazardous than most economists had predicted. The latest weekly numbers indicate that Russia might end up starting next year with price growth around the central bank’s worst-case forecast of 4.2 percent, according to economists at ING Groep ...

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Holiday shopping roars to a close amid US shutdown

Bloomberg “Sell” may be the chorus on Wall Street, but optimistic shoppers looking to fill the empty space under the country’s Christmas trees were out in full force during the season’s final shopping weekend. With Christmas, Americans streamed into brick-and-mortar stores on Saturday and Sunday looking for deals. The International Council of Shopping Centers predicted heading into the weekend that ...

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Nike shares fall the most since October

Bloomberg Nike Inc. shares fell the most in more than two months, erasing much of the gain that followed strong earnings results. The world’s biggest sports apparel and footwear company tumbled 5.9 percent to $68.10 in New York, the biggest loss since October 10. The drop was likely a product of the current market, where investors are making emotional decisions ...

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