Economy

The Dow Jones Industrial Average closed slightly lower Thursday after briefly jumping above 40,000 for the first time.At its high of the day, the blue-chip average reached 40,051.05, the culmination of a bull market that began in October 2022. The index had neared the 40,000 mark earlier this year before…

Wayfair store in Wilmette, Illinois.Courtesy: WayfairWhat retail apocalypse?Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In an ironic twist for a company that became a $12 billion powerhouse by persuading consumers…

Liu Jie/Xinhua via Getty ImagesInformation about Wednesday’s critical consumer price index release circulated early on the Bureau of Labor Statistics website, according to a statement from the agency.”In advance of [Wednesday’s] CPI and Real Earnings releases, BLS inadvertently loaded a subset of files to the website approximately 30 minutes prior…

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