World
Vista Outdoor strikes deal to sell itself in parts to two buyers for $3.4 billion
Vista Outdoor on Friday agreed to sell itself in parts to two separate buyers for a total of $3.35 billion, including debt, after fending off a hostile suitor that pursued the sporting goods and ammunitions maker for months. Vista struck a deal to sell its sporting goods unit, Revelyst, to investment firm Strategic Value Partners for $1.1 billion, according to a statement seen by Reuters. It has also agreed to revise […]
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Israel targets Hezbollah intelligence headquarters in Lebanon; Iran says it will not back down
The Dome of the Rock on the Al-Aqsa compound, also known to Jews as the Temple Mount is seen as projectiles fly through the sky, after Iran fired a salvo of ballistic missiles at Israel, as seen from Jerusalem October 1, 2024. Jamal Awad | Reuters Israel said it had targeted the intelligence headquarters of Hezbollah in Beirut and […]
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Jim Cramer’s week ahead: CPI data and earnings from Delta, Domino’s and major banks
CNBC’s Jim Cramer reviewed next week’s top market-moving action, highlighting new consumer price index data and a slew of earnings reports as the season begins, including ones from Delta, Domino’s and several major banks. He also noted the stocks rally on Friday as Wall Street celebrated better-than-expected job creation last month. “A market that appreciates […]
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Buttigieg claps back at Elon Musk for false claims about Helene federal response
Transportation Secretary Pete Buttigieg spoke directly to Elon Musk Friday on the billionaire’s X platform, part of an effort to counter false conspiracies about federal disaster aid for victims of Hurricane Helene that Musk spread on X, where his follower count stands over 200 million. “No one is shutting down the airspace and FAA doesn’t […]
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Rio Tinto in talks to buy lithium miner Arcadium, sources tell Reuters
Jakob Stausholm, chief executive officer of Rio Tinto Ltd., during a Bloomberg Television interview in New York, US, on Thursday, Sept. 26, 2024. Victor J. Blue | Bloomberg | Getty Images Rio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make […]
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China play Las Vegas Sands is one of the most overbought names on Wall Street. Here are the others
Stocks that rode the China stimulus wave higher this week could soon be due for a decline. Last week, the People’s Bank of China unveiled a slate of support measures , including cutting the amount of cash banks need to hold, in an effort to bolster the country’s weakening economy. China stocks have been on […]
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Stock market next week: Investors wonder what’s to come after tumultuous October start
The rocky start to October trading has left Wall Street wondering what can boost stocks in the near-term. The three major averages eked out modest gains after a wobbly week. The Dow Jones Industrial Average and Nasdaq Composite each added 0.1% on the week, while the S & P 500 rose 0.2%. Stocks struggled this […]
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Biden discourages Israel from striking Iran’s oil industry, crude posts best week in more than year
U.S. crude oil on Friday posted its biggest weekly gain in more than a year, as traders fear Israel could strike Iran’s crude facilities in retaliation for Tehran’s ballistic missile attack. U.S benchmark West Texas Intermediate surged 9.09% this week for the biggest weekly gain since March 2023. Global benchmark Brent jumped 8.43% for the […]
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Jamie Dimon denies Trump’s claim that JPMorgan CEO has endorsed him
Former President Donald Trump (L) and JP Morgan CEO Jamie Dimon. Reuters JPMorgan Chase on Friday flatly denied that its CEO, Jamie Dimon, has endorsed Donald Trump for president, minutes after the Republican nominee claimed on social media that Dimon is now backing him. “Jamie Dimon has not endorsed anyone. He has not endorsed a […]
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Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report
A hiring sign is posted on the exterior of Urban Outfitters at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. Anna Rose Layden | Getty Images September’s outsized payrolls boost takes the U.S. economy out of the shadows of recession and gives the Federal Reserve a fairly open glide path to […]
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