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Fed Chair Powell sees ‘broad and material changes’ to Basel III endgame
Outcome of process could free up more capital for bank stock buybacks, analyst says
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10 de julho de 2024
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Pet product maker Wag’s stock slides after company lowers guidance
Wag Group Co.’s stock tumbled 11% early Wednesday and was headed for a record low, after the platform for pet products offered preliminary quarterly numbers that lagged consensus and lowered its full-year guidance.
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As Nvidia’s stock nears record levels, this is the key to future outperformance
There are many factors that can drive a stock higher, but for Nvidia, organic revenue growth is paramount.
10 de julho de 2024
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CNN to cut about 100 jobs, launch first subscription product this year: WSJ
CNN is planning to cut about 100 jobs and launch its first subscription product later this year as it seeks to reduce its dependence on its cable-TV channel.
10 de julho de 2024
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Virgin Galactic’s stock rises as company completes manufacturing facility for new Delta spacecraft
Virgin Galactic says that commercial operations of its new Delta spacecraft will begin in 2026.
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How Apple can fix its growth problem by following Amazon’s lead
Apple’s single-digit rate of sales growth “feels increasingly at risk” to Needham analysts. More robust advertising efforts could help.
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HSBC revamps investment banking division into five new groups
HSBC is simplifying the structure of its investment bank by merging sector teams.
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Honeywell to buy Air Products’ LNG business for $1.81 billion in cash in fourth deal of 2024
The deal will add a portfolio that includes in-house design and manufacturing of coil-wound heat exchangers and related equipment.
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3M’s stock drops after CFO resigns, 2 months after new CEO was appointed
3M’s stock took a hit Wednesday, after the consumer- and industrial-products company announced the sudden resignation of its chief financial officer.
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Euro only likely to hit parity with the U.S. dollar in a worst case scenario, Bank of America says
The value of the euro is only likely to drop to parity with the U.S. dollar in a worst-case scenario in which everything goes wrong, Bank of America’s analysts said
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Mortgage demand dips as rates stay at 7%. This is ‘the absolute best thing we can do for the housing market,’ Fed Chair Powell says.
Mortgage applications fell 0.2% in the last week, the Mortgage Bankers Association said.
10 de julho de 2024
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Fear of missing out could spark a parabolic melt-up. This manager likes Nvidia and some non-tech plays.
Jim Worden, chief investment officer of the Wealth Consulting Group, is watching out for a lot of money to go rushing back into stocks, lifting all boats.
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Oil prices fall after weak China data sparks demand concerns
Oil futures fell Wednesday, declining after cooler-than-expected Chinese inflation data underlined worries about crude demand, as traders awaited a monthly report from the Organization of the Petroleum Exporting Countries and weekly U.S. storage data.
10 de julho de 2024
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Why 70% of U.S. corporate bonds still trade at a discount
It’s been more than two years since the Federal Reserve began hiking rates. The pain is still evident in corporate bonds.
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Yields edge lower as traders eye Powell, CPI, auction
Bond yields edged lower Wednesday, as investors prepare for vital inflation data as Fed Chair Jerome Powell appears on Capitol Hill for a second day.
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‘I’m not jealous — just genuinely curious’: How can a woman work from home and mind her 3-year-old child at the same time?
“What do you all think about employees who work from home and have little kids to watch at the same time?”
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‘Wholly unique’: This midcentury marvel in L.A., an architectural riddle, floats on to the market for $2.3 million
The 1960 home built on what had been deemed an unbuildable hillside is a testament to ingenuity, engineering, and architecture.
10 de julho de 2024
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Immigration surge has bolstered economy, generated little inflation, regional Fed bank finds
A wave of immigration has bolstered the economy while generating little inflation, a new report from a regional Fed bank finds.
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TSMC outstrips forecasts in posting 40% surge in second quarter sales
The Taiwanese chipmaker has seen its sales buoyed by the race to develop new AI infrastructure
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Norwegian maker of missiles and marine equipment reports profit boom
Shares of Kongsberg Gruppen rallied on Wednesday as the Norwegian maker of defense systems and marine equipment said it benefited both from increased defense spending and the green energy transition.
