Snowflake’s shares made their debut at $245 a share on their first day of trading, more than double the IPO price.

The increase in retail sales marks an eased pace from earlier in the summer when spending rebounded sharply from steep declines that occurred early in the pandemic. Consumers spent more on clothing, electronics and furniture in August as students went back to school.

Federal Reserve officials also delivered more detail about why they think the economy will need support for so long amid an uneven recovery from the coronavirus pandemic.

Trump’s Promise to Revive Coal Thwarted by Falling Demand, Cheaper Alternatives Coal companies experienced a brief renaissance during the first two years of Mr. Trump’s term. U.S. coal output and consumption are now on pace to decline at faster annual rates, on average, under President Trump than under President Obama. Still, many in the industry fear things would be even worse under a President Biden.

FAA, Boeing Blasted by House Democrats Over MAX Failures A report from House Democrats reveals details of how Boeing design errors, lax government oversight and lack of transparency by the plane maker and regulators set the stage for two fatal 737 MAX crashes. How Boeing Doomed the 737 MAX