Market
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Gen X’s retirement woes may give rise to a generation of ‘silver squatters’
This generation will need more financial and housing support from family than older generations, study says. Source link
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Kering shares fall even further as Gucci owner posts 20% drop in sales
Kering warned it could see its profits slip by 30% in the second half of 2024 on the back of…
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‘Magnificent Seven’ stocks see worst drop since launch of ChatGPT — with $1.7 trillion in value erased in 2 weeks
The wheels appeared to be coming off the artificial-intelligence trade on Wednesday as members of the “Magnificent Seven” group of…
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Visa’s stock has a history of outperformance. How can it get working again?
Dating back to 2009, Visa shares have only underperformed the S&P 500 in three calendar years. They’re on track to…
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ServiceNow’s stock pops as earnings beat reflects upbeat AI growth
ServiceNow is boosting its revenue outlook for the full year following upbeat results in its most recent quarter. Source link
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Lineage raises $4.4 billion in year’s largest IPO to date
Lineage Inc. priced its initial public offering at $78 a share late Wednesday, raising $4.4 billion in the largest IPO…
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Biden says he’ll keep fighting to lower costs as he passes the torch
President Joe Biden on Wednesday said he’ll continue to focus on combatting inflation, while describing his decision to exit the…
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Chipotle says it’s trying to avoid smaller portions and price increases this year
Shares of Chipotle Mexican Grill launched higher in after-hours trading on Wednesday, after the fast-casual Mexican chain reported second-quarter results…
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Stocks see worst wipeout since 2022. Here’s what might happen next.
Investors say the pullback isn’t over yet — but will ultimately present a buying opportunity. Source link
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Ford saw a $1.1 billion loss in its EV business, dragging Q2 profit well below Wall Street forecast
Shares of Ford Motor Co. lost more than 10% in the extended session Wednesday after the car maker reported quarterly…
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