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Beijing is confronting credit pain, and blinks

China’s falling stock market has prompted a flurry of activity to prop up prices. From delaying forced sales of pledged stock to turning on the credit engine again, authorities see the declines as emblematic of concerns over the economy. Investors have pulled about 3.2 trillion yuan ($460 billion) out of the market this year, according to net capital data from ...

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A Thelma and Louise Brexit? You know the ending well

Committed Brexiters, including former Brexit secretary Dominic Raab, have arrived at the conclusion that the deal Prime Minister Theresa May has negotiated is not just bad; it’s worse than remaining in the European Union (EU). That’s axiomatic. But what’s their plan? It’s not to cancel Brexit. And it’s not to hold a new public vote. Their preference appears to be ...

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Target, like its peers, has a bull’s-eye on its back

If you had told me even a year ago that I would soon see Target Corp. deliver a 5.1 percent increase in comparable sales over a year earlier, I don’t think I would’ve believed you. And if you also told me that Wall Street’s response to that kind of growth would be to slam the big-box retailer’s shares, then I ...

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