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Winter Storm Hits the Carolinas, Bringing Dangerous Ice and Snow The New York TimesWinter storm to bring accumulating snow, bitter cold to WNC WLOSWhere does this weekend's snowstorm rank among Charlotte's biggest winter events in history? WCNCSnow is falling fast and heavy in the Piedmont of North Carolina | Winter Storm Warning WXII
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Canada's Poilievre sweeps Conservative party leadership test with 87.4% BBCPierre Poilievre Is Retained as Leader of Canada's Conservatives The New York TimesCanada's Conservatives keep Poilievre as leader despite election loss ABC NewsBell: Alberta separatism on the front burner, Poilievre scores 87.4% support Calgary Herald
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Historically, U.S. workers with a bachelor's degree or higher have enjoyed better employment outcomes. That's starting to shift, labor data shows.
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"I'm a 40-year-old woman in a committed relationship, and I've experienced the loss of both of my parents."
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Live updates: Hundreds gather for another anti-ICE protest in DTLA after 8 arrests on Friday ABC7 Los AngelesMultiple anti-ICE protests being held in Southern California on Saturday Los Angeles Daily NewsProtesters clash with federal agents in downtown Los Angeles CBS NewsCitywide tactical alert issues after anti-ICE protesters clash with federal officers in downtown LA NBC Los Angeles
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TikTok Superstar Khaby Lame's Big Deal—Which Saw Him Valued At $6.6 Billion—Raises Red Flags, Experts Say ForbesGetting deported by Trump can't stop top influencer Khaby Lame from notching a $975 million deal—including the rights to his AI avatar FortuneTikTok Creator Khaby Lame Makes $975 Million Deal For His Brand The Hollywood ReporterFrom a factory job to a $900 million business deal: Khaby Lame's rise is almost unreal Yahoo Creators
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It was a choppy start to the short trading week, with stocks spending time in both positive and negative territory Tuesday. Bears gained the upper hand in the afternoon, though, with the three major indexes ending another day in the red.
SEE MORE The ESG Investing Backlash
Although this week's economic calendar is fairly thin, data from the Institute for Supply Management (ISM) this morning showed that activity in the services sector ticked up to 56.9% in August - the highest level since April - from July's 56.7%.
"This is the most recent piece of data to suggest the economy remains resilient and as such the market takeaway is that this gives the Fed more room to continue raising rates," says Michael Reinking, senior market strategist for the New York Stock Exchange. "Futures markets are now pricing in a 75% chance of a 75 basis-point hike later this month from a coin flip late last week." A basis point is one-one hundredth of a percentage point.
In reaction to today's ISM data, the 10-year Treasury yield rose to its loftiest level since mid-June. This, in turn, weighed on shares in the communication services (-1.3%) and technology (-0.6%) sectors, with names such as streaming giant Netflix (NFLX, -3.4%) and chipmaker Intel (INTC, -2.8%) seeing notable declines.
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As for the major indexes, the tech-heavy Nasdaq Composite fell 0.7% to 11,544, its seventh straight loss.
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