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U.S. Business Applications Fall 7.8% in August to 531,728
Business applications fell sharply after July’s surge, though the Census Bureau’s measure tracks qualifying EIN filings rather than the number of businesses that actually opened.
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U.S. Real Hourly Earnings Slip 0.1% in August as Inflation Outpaces Pay Gains
Average hourly earnings rose 0.3% to $37.75 in August, but consumer prices increased 0.4%, pushing inflation-adjusted hourly pay lower.
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CPI Card Group Secondary Offering Prices at $21.50 a Share
Parallel49-affiliated stockholders are selling 2.34 million CPI shares, with the company receiving no proceeds and a full underwriter option capable of clearing the seller’s remaining stake.
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DOJ Unseals Securities-Fraud Complaint Against Hedge Fund Founder Over Alleged Performance Misstatements
Federal prosecutors allege Vuk Vukovic overstated Orca Bason Fund returns in investor and brokerage statements; the criminal charges remain accusations.
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Lazard AUM Rises to $290.3 Billion in August Despite $1.8 Billion of Net Outflows
Market gains and currency appreciation more than offset $1.8 billion of net outflows, lifting Lazard's preliminary AUM by about $3.4 billion from July.
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Hooker Furnishings Posts Third Straight Profitable Quarter as Tariff Recoveries Aid Results
Hooker Furnishings earned $1.7 million in fiscal Q2 despite an 8.7% sales decline, with tariff recoveries boosting margins as the company kept a cautious demand outlook.
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Dutch Company and Institutional Bankruptcies Rise to 260 in August
The unadjusted CBS count rose from 219 in July and 223 a year earlier, while the court-day-adjusted total across Dutch businesses reached 304.
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Atradius Surety Enters Canada in First Expansion Beyond Europe
The insurer’s Surety business is opening its first local branch outside Europe, with a focus on construction, real estate and cross-border bond needs.
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Italian Employment Rises by 155,000 in Q2 as Unemployment Edges Up to 5.6%
Permanent employees accounted for most of the quarterly increase, while inactivity among people aged 15 to 64 fell by 185,000.
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Japan Producer Prices Fall 0.2% in August but Remain Elevated From a Year Earlier
Bank of Japan data showed the producer price index at 136.1, with annual inflation easing only slightly to 7.6% after July was revised higher.