Stocks’ attempt at extending the post-Fed rally failed on Thursday, with all three major averages notching modest losses. Here’s what CNBC is watching Friday.
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Friday’s big stock stories: What’s likely to move the market in the next trading session
World
Evergrande’s $50 billion rise and fall leaves scars on China’s property sector
An Evergrande commercial complex in Beijing on Jan. 29, 2024. Greg Baker | Afp | Getty Images China Evergrande Group was delisted from the Hong Kong Stock Exchange on Monday — an ignominious exit for the former high-flying developer that once epitomized Beijing’s economic rise and later came to symbolize the country’s property bust. Following […]
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World
Keurig Dr Pepper to buy Dutch coffee company JDE Peet’s in $18 billion deal
Keurig Dr Pepper will acquire Dutch coffee and tea company JDE Peet’s in a roughly $18 billion deal that could give a boost to the U.S. giant’s struggling coffee business, the two companies said Monday. The deal was first reported by the Wall Street Journal. Keurig Dr Pepper will pay JDE Peet’s shareholders 31.85 euros […]
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World
‘KPop Demon Hunters’ gives Netflix its first box-office win
Netflix appears to have its first No. 1 box-office title in the streaming company’s 18-year history thanks to the sensation of “KPop Demon Hunters.” Rival studios on Sunday estimated “KPop Demon Hunters” led all films over the weekend with $16-18 million in ticket sales. Distribution executives from three studios shared their estimates for the Netflix […]
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