Day: August 20, 2024
Asia-Pacific markets set for lower open as Wall Street rally falters, Japan trade data on deck
A flag of Japan flies near cargo containers at Tokyo’s Odaiba Waterfront on August 6, 2020. BEHROUZ MEHRI | Contributor | Getty Images Asia-Pacific markets are set to open lower on Wednesday, tracking Wall Street as both the S&P500 and Nasdaq Composite snapped an eight day winning streak. The S&P 500 slid 0.2%, while the Nasdaq Composite shed 0.33%. […]
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Investors are doubling down on stocks — and there are 3 key reasons why
Investors are doubling down on stocks, shaking off fears of an economic slowdown in the U.S. which caused a sell-off earlier this month. Global stock markets fell sharply in early August after a rise in unemployment sparked fears that U.S. economic growth could slow more than expected. It led a number of investment banks to […]
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Shares of this insurer are set to soar 100% as interest rates fall, Jefferies says
Shares of British insurer and asset manager Prudential could double over the next 12 months, according to analysts at Jefferies — which expect it to be a surprise beneficiary of interest rate cuts. In research published on Aug. 18, the U.S. investment bank gave the stock a target price of £13 ($16.90) — giving it […]
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Watch DNC live: Barack Obama, Doug Emhoff, Michelle Obama headliners
[The stream is slated to start at 6:30 p.m. E.T. Please refresh the page if you do not see a player above at that time.] The second night of the convention is billed as a moment for the Democratic party to look forward into the future, after a chaotic summer that culminated in President Joe […]
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Judge strikes down Biden administration ban on worker ‘noncompete’ agreements
U.S. President Joe Biden speaks to the media after the Democratic National Convention (DNC) in Chicago, Illinois, U.S. August 20, 2024. Craig Hudson | Reuters A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ […]
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Stocks making the biggest moves after hours: Toll Brothers, Microchip Technology and more
Check out the companies making headlines after the bell : Toll Brothers — Shares added 1% after the homebuilding company surpassed Wall Street’s earnings expectations in the fiscal third quarter. Toll Brothers also lifted its full-year deliveries guidance. Microchip Technology — Shares of the microcontroller maker fell about 2%. The company disclosed in a regulatory […]
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Mynaric stock tanks after space lasers company slashes revenue guidance, announces CFO departure
A rendering of the company’s laser communications system on satellites in orbit. Mynaric Space stock Mynaric tanked in trading Tuesday after the company announced heavy cuts to its previous revenue forecast and the departure of the company’s chief financial officer. Germany-based Mynaric slashed its 2024 revenue guidance nearly 70% at the midpoint, cutting its previous […]
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Beyoncé launches whiskey line with LVMH’s Moët Hennessy
Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024. Michael Buckner | Billboard | Getty Images Beyoncé is holding her whiskey up high. The megastar is entering the luxury liquor business with the launch of a new whiskey line in collaboration with LVMH’s Moët Hennessy, […]
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OpenAI announces content deal with Condé Nast, including content from Wired, The New Yorker and Vogue
OpenAI CEO Sam Altman speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images OpenAI on Tuesday announced a partnership with Condé Nast, in which the Microsoft-backed artificial intelligence company’s products, such as ChatGPT and SearchGPT, will be able to display content from Vogue, The […]
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Meet the Illinois lawmaker organizing a big money fundraiser for House Democrats at the DNC
Rep. Raja Krishnamoorthi, D-Ill., questions witnesses during a House Intelligence Committee impeachment inquiry hearing in Washington, D.C., U.S., on Tuesday, Nov. 19, 2019. Jacquelyn Martin | AP | Bloomberg via Getty Images CHICAGO — Rep. Raja Krishnamoorthi, D-Ill., has organized a major fundraiser in Chicago during the Democratic National Convention in support of House Democrats […]
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