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Why this Prime Day may fall flat for Amazon’s stock

Why this Prime Day may fall flat for Amazon’s stock

After months of failing to break out, Amazon’s stock is close to a record high. Thank Prime Day, the annual sales bonanza that kicks off Monday. What’s happening: In 2020, analysts estimated Amazon’s Prime Day notched sales of $9 billion to $10.5 billion. The sales rush as the economy reopens could encourage even bigger spending…MORE

Most major metropolitan areas have become more racially segregated, study shows

Most major metropolitan areas have become more racially segregated, study shows

Some of the nation’s largest metropolitan regions have become increasingly segregated in the last 30 years, underscoring racial inequalities that have led to poorer life outcomes in Black and brown neighborhoods, according to a study released Monday by the University of California Berkeley’s Othering & Belonging Institute. The study found that 81% of regions with…MORE

There’s a chicken wing shortage. So this chain wants you to start loving thighs

Chicken wing prices are going through the roof. So Wingstop, a chain known for, well, wings, is now selling chicken thighs. But getting Americans on board could be a challenge. On Monday, the restaurant launched a virtual brand called “Thighstop” which serves crispy thighs, with or without sauce. The menu also includes breaded boneless versions…MORE

International Day of Yoga 2021: Find the path to your well-being

International Day of Yoga 2021: Find the path to your well-being

Maybe you need a mental escape from stress. Perhaps you need time to rejuvenate your health. You might simply want to feel more limber. The International Day of Yoga — which is on Monday, June 21 — could be the day that jump-starts a healthy new habit. The day has been designated by the United…MORE

Tokyo 2020 organizers to set 50% venue capacity limit for spectators

Tokyo 2020 organizers to set 50% venue capacity limit for spectators

Tokyo 2020 announced on Monday that it will allow spectators at the Olympics this year amid the pandemic, setting a 50% cap at venues, up to a maximum of 10,000 people. Organizers did however warn that it could restrict the number of fans in the event of a state of emergency or amid any other…MORE

Global stocks slide after Wall Street frets about the Fed

Global stocks and cryptocurrencies are pulling back on Monday as investors continue to weigh signals from the Federal Reserve that it could raise interest rates sooner than expected. Markets were broadly lower, with Japan’s Nikkei 225 dropping more than 3% — easily the worst major performer — after Wall Street closed out its worst week…MORE

China’s most famous liquor fetches nearly $1.4 million at auction

China’s most famous liquor fetches nearly $1.4 million at auction

A rare case of China’s fiery national liquor has sold for more than $1 million, more than five times what experts had estimated it would fetch. Sotheby’s announced on Friday that it had sold a crate of the beloved spirit, Kweichow Moutai, for an eye-popping £1 million (almost $1.4 million) in London. That’s the highest…MORE

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