Tag: business news
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We’re buying the dip — again — in a retailer not getting credit for addressing weak sales
Wednesday’s decline can be attributed to a downgrade at Jefferies, which we disagree with.
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A breakout is brewing in this bitcoin-linked stock. How to trade it
Tony Zhang of OptionsPlay breaks down how he’s trading this name.
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Core PCE: In line but not enough to lower Fed rate hike expectations
One of the three key events of the week took place early Wednesday. It did little to change investor expectations of a Federal Reserve rate hike next month.
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Bill Gates warns ‘there is no plan’ for the ‘upheaval’ AI will cause
Bill Gates warned governments are not adequately preparing for how AI could displace workers, strain social systems and create global risks.
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This AI-linked stock has lagged its peers. Citigroup says shares can more than double
Oracle is due to gain ground after underperforming and lagging peers over the past three months, one analyst says.
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Mark Walter’s TWG Global blasts ‘attacks,’ insists ‘no fraud’ amid federal probe
The empire of billionaire Los Angeles Dodgers owner Mark Walter has faced media scrutiny since he said he would sell his majority share of the LA Lakers.
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Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
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Morgan Stanley says investors should scoop this stock tied to the AI buildout
The investment bank named the energy infrastructure stock a top pick.
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Hyundai has grown more than any automaker in the U.S. — and it’s not done yet
The South Korean automaker wants to keep going by ramping up production at a new $7.6 billion plant in Georgia to capture more sales and market share.
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Medical device maker Boston Scientific is being hit by a cyberattack. The shares are falling
The attack has disrupted the company’s ability to ship products, and it’s not clear when services will be restored.
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