Market Volatility Persists Amid Geopolitical Unrest, Retail Struggles, and Labor Negotiations
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Growing unrest in Israel and Gaza has led to stock market volatility, impacting Israeli companies listed in the US like Mobileye.
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Major drugstore chains like CVS, Walgreens, and Rite Aid are closing thousands of stores due to industry struggles.
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Rite Aid filed for bankruptcy and plans to close 400-500 stores reflecting long-term issues facing pharmacies.
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Bill Ford of Ford Motor Company spoke out against ongoing UAW negotiations, saying a deal needs to be reached to secure manufacturing jobs.
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Economic uncertainty persists with high inflation, upcoming earnings reports, and geopolitical turmoil impacting markets.