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Source: Reuters
Description: U.S. consumer confidence fell to a six-month low in August as
concerns about soaring COVID-19 infections and higher inflation dampened the
outlook for the economy. Wall Street's main indexes tread water but remain
near their record highs as investors took their cues from the Federal
Reserve's continuing supportive attitude, with the S&P 500 poised for a
seventh straight month of gains. South Korea's parliament has approved a bill
that bans major app store operators such as Google and Apple from forcing
software developers to use their payment systems.
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