Wall Street Jumps On Retailer Outlook Hikes, Ebbing Fed Fears

Wall Street Jumps On Retailer Outlook Hikes, Ebbing Fed Fears

By Stephen Culp (Reuters) – Wall Street closed sharply higher on Thursday after optimistic retail earnings outlooks and waning concerns about overly aggressive interest rate hikes by the Federal Reserve put investors in a buying mood. All three major U.S. stock indexes posted solid gains, with economically sensitive consumer discretionary and microchip stocks beating the…

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Chevron, Union Sign Tentative Pact To End California Refinery Strike

Chevron, Union Sign Tentative Pact To End California Refinery Strike

By Erwin Seba HOUSTON (Reuters) -The United Steelworkers union (USW) on Thursday afternoon signed a tentative agreement to end a nine-week-old strike at Chevron Corp’s Richmond, California, refinery, the company said. Terms of the agreement were not immediately available. It is subject to ratification by members of USW Local 12-5 representing the 500 workers who…

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