News
U.S. Stock Futures React to Rising Bond Yields and China's Economic Turmoil
U.S. stock futures decline due to rising bond yields and China's economic turbulence. Investors concerned about market volatility. Categories: Finance, Economy, Stock Market. Tags: Stock Futures, Bond Yields, China's Economy. Keywords: U.S. stock market, bond market, China's Evergrande crisis.
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Charles Schwab Reports Slower Asset Growth in July
Charles Schwab saw a decrease in asset growth in July due to advisors leaving TD Ameritrade. This article discusses inheritance challenges, optimal portfolio diversification, the potential comeback of value stocks, the value advisors add beyond customer service, Rockefeller hiring a UBS team, and the shift towards sustainable investing.
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The Battle for United States Steel: Another Unexpected Twist
The United Steelworkers (USW) support a bid from Cleveland-Cliffs to acquire U.S. Steel, creating a new dynamic in this ongoing saga. The involvement of USW and the assignment of bidding rights to Cleveland-Cliffs have added new dimensions to the battle for U.S. Steel.
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Analysts Lower Price Targets on CVS Health
After Blue Shield of California's decision to move away from PBMs, analysts have lowered price targets on CVS Health. However, opinions on the company's future outlook remain varied.
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Novartis to Spinoff Sandoz Unit in October
Novartis plans to spinoff its Sandoz unit in October, separating its generic and prescription drugs businesses. The spinoff will grant Sandoz a level of independence while still relying on Novartis for technical development and manufacturing for an extended period.
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San Francisco Asks for Suspension of Driverless Robotaxis Rollout
San Francisco City Attorney asks for halt to driverless robotaxis in the city due to safety concerns and risks posed to the public. Recent incidents highlight the need for a temporary pause.
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Duke Energy Files New Resource Plan
Duke Energy has submitted a resource plan to transition away from coal and achieve carbon neutrality in North Carolina, focusing on developing innovative infrastructure and renewable energy sources.
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Amazon's Expansion into Healthcare
Amazon has entered the healthcare industry by partnering with Blue Shield of California to reduce drug costs and handle home drug delivery. This move has caused a significant drop in CVS's stock, while Amazon remains unaffected.
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Analysts Remain Bullish on Nvidia's Stock
Despite a significant increase in Nvidia's stock price, analysts remain optimistic and highlight the company's dominance in AI and software.
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Market Update
Stay informed with the latest market updates, including declines in U.S. futures and European stocks, rising bond yields and commodities, and mixed performances in Asian stocks.
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