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US retailers are optimistic about the performance of the holiday shopping season, but Wall Street questions the sustainability of the growth.
Lululemon and American Eagle both raised their sales expectations for the holiday shopping season, but their stock prices fell; Abercrombie & Fitch also raised its performance expectations, but the increase was minor, leading to a dive in its stock price.
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Trump's 'economic strategist' advocates for raising tariffs to 20%-50%, abandoning a strong dollar, and forcing the Federal Reserve into quantitative easing.
Stephen Miran, the chairman of the Council of Economic Advisers nominated by Trump, put forward his economic theory. He advocates for high tariffs, a weak dollar, and Federal Reserve quantitative easing.
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