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Fed eyes ‘gradual’ approach to cutting U.S. interest rates, minutes show

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“Many” senior Federal Reserve officials said a more gradual approach to reducing interest rates was warranted in light of ongoing uncertainty about the U.S. economy and the appropriate level of borrowing costs, new documents show.

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Manchester United’s turnaround is in early stages, but will pay off in long term, says analyst

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Manchester United, which reported fiscal first-quarter results Tuesday, remains in the early stages of its turnaround, according to analyst firm Jefferies.

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Workday’s stock drops as cut to subscription-sales outlook gives investors pause

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Workday reports another quarterly earnings beat, but a lowered subscription revenue outlook weighs heavily on the stock.

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Nordstrom nudges its sales outlook higher. And its off-price stores continue to help results.

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Department-store chain Nordstrom Inc. on Tuesday offered up a slightly more optimistic full-year sales outlook and reported third-quarter results that beat analysts’ expectations, helped by demand for women’s clothing and gains at its off-price Rack stores.

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