Tag: business news
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We’re exiting our remaining stake in an industrial stock spin-off gone wrong
We’re selling the rest of this tiny position to replenish cash following a series of purchases over the past few days.
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Abilene Christian University is giving Ivy League endowments a run for their money in the market
The religious school in Texas is among college endowment funds rivaling market performance of Ivy investing giants like Yale and just hit the $1 billion mark.
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Fannie Mae sharply raises mortgage rate forecast for 2027
Fannie Mae just put out its latest forecast for mortgage rates, and they are much higher than previous estimates.
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BlackRock’s Larry Fink warns a data center moratorium could trigger a recession
Local opposition to data center construction has been a feature of the midterm elections set for Tuesday, Nov. 3.
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This struggling denim stock is bound to bounce back, Jefferies says
Kontoor Brands is likely to see its shares rise considerably amid growing interest in denim among consumers, per Jefferies.
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Bending Spoons skyrockets 35% as Berkshire Hathaway makes $330 million investment
Berkshire’s latest investment follows the $600 million it invested in the company’s IPO this July.
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Fed may now have to hike twice or increase by a half point in December, traders bet
Odds for an Oct. 28 quarter-point hike increased to 53.7% from just 22.1% a day ago.
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Netflix is laying off roughly 6% of its workforce
Netflix will lay off roughly 6% of its workforce, according to a memo obtained by CNBC.
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‘Office’ is actually having a scarcity problem
The U.S. office market is roaring back to health but its speedy recovery is resulting in a shortage, especially of premium space.
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A recovery in lithium demand will drive this stock higher, Mizuho says
The investment bank upgraded the lithium miner to outperform from neutral.
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