Tag: business news
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Treasury yields edge lower as investors look ahead to latest FOMC minutes
Treasury yields fell as traders awaited the latest FOMC minutes due later this week.
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China’s economy slows further in July as retail sales barely grow, investment slump steepens
The data is reinforcing concerns about the health of the world’s second-largest economy, which has grappled with a deepening supply-demand imbalance.
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Ferrari Luce: Polarizing EV becomes a $40 million collector’s item
The auction of the Luce comes nearly three months after Ferrari unveiled its first fully electric car, which was priced at 550,000 euros (roughly $640,000).
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Japan second-quarter GDP grows 1.1% on an annualized basis, missing expectations
On an annualized basis, Japan saw growth of 1.1%, against estimates of 2%.
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Top U.S. commander acknowledges mental health issues on USS Lincoln
Cooper’s visit and statement come after reports of widespread morale and mental health concerns aboard the Lincoln.
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Goldman Sachs picks China stocks poised to benefit from a new wave of AI-related hardware exports
The Wall Street powerhouse notes areas where execution of corporate strategy matters more than macroeconomic trends.
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JPMorgan could soon be the first $1 trillion bank. Top analyst Mayo says next stop is $2 trillion
JPMorgan Chase could soon boast a market value in excess of $1 trillion. Several tailwinds are driving share value, according to Wells Fargo.
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Anthropic revenue reportedly jumps to more than $11.5 billion in second quarter
The jump in revenue underscores the rapid growth of the Claude chatbot maker as it prepares for a potential blockbuster initial public offering.
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Prediction markets and sports betting: How this UK exchange is trying to do both in the U.S.
Smarkets is entering the U.S. prediction market race but also applying to run as a sportsbook within states amid regulatory uncertainty at the federal level.
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College can cost $100,000 a year. Here’s how families are covering the tab
Because families struggle to pay for school, many students and their parents increasingly depend on federal and private aid to help foot the bill.
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