Category: Market
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Huntington Park police open fire on driver who they say rammed their vehicles
Huntington Park police responding to a call of a road rage incident Saturday afternoon shot at the suspected driver involved after he rammed their patrol vehicles following a pursuit, authorities said. The 51-year-old man, who was not identified, was treated at a nearby hospital for an apparent gunshot wound to his upper body and was…
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WSJ News Exclusive | Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback
Updated Dec. 10, 2023 12:38 pm ET Cigna abandoned its pursuit of a tie-up with Humana that would have created a roughly $140 billion giant in the health-insurance industry. The companies couldn’t come to agreement on price and other financial terms, according to people familiar with the matter. In the near term, Cigna is turning…
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Why Treasury Auctions Have Wall Street on Edge
The U.S. Treasury prefers its debt sales to be humdrum affairs. Lately, they are sparking fireworks in markets. Scrutiny of Treasury auctions—whereby the government funds operations by selling the world’s safest bonds to big banks and dealers—has grown alongside their size. For years, many in Washington and on Wall Street assumed that investors would buy…
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He turned his prison chess hobby into a wild street hustle. But can he beat the elites?
Almost every day for the last two years, Vincent “VDogg” Hubbard has stood outside the Louisiana Fried Chicken at Manchester and Normandie avenues with a suitcase full of cocoa butter and a traveling chess set. Slight in stature, with a gap-tooth smile and a blunt tucked into his beanie, the 44-year-old is South L.A.’s preeminent…
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A New Era of Income Investing Is Turning Boomers Into Bond Buyers
Listen to article (1 minute) When it comes to the baby boomers’ run of investing luck, timing has been on their side. Decades of stellar stock-market returns produced by a series of bull markets that began in 1982 coincided with boomers’ prime working years and made their nest eggs grow. Copyright ©2023 Dow Jones &…
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The Next Chips to Transform EVs Could Be Made From Wood
Listen to article (2 minutes) ADELAIDE, Australia—Ivan Williams reckons he can help to break China’s dominance of a key ingredient of electric-vehicle batteries. To do so, he has been collecting wood chips from sawmills around the world. At a test plant in New Zealand’s picturesque Marlborough wine region, Williams and his team feed the wood…
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The Fed Can’t Put Off Preparing for Rate Cuts
As the economy slows down toward its speed limit, it might be time to start thinking about easing up on the brake. That doesn’t mean the driver has to inform the passengers. Friday’s employment report showed that the economy added a seasonally adjusted 199,000 jobs last month, a move up driven in part by the…
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What’s Behind Warren Buffett’s Fight With a Truck-Stop Mogul
Listen to article (2 minutes) Warren Buffett and truck-stop mogul Jimmy Haslam are fighting over a seemingly obscure accounting method. What’s really at stake: possibly as much as $1.2 billion. Buffett of course is chairman and chief executive of Berkshire Hathaway. Haslam, who owns the Cleveland Browns football team with his wife Dee, built his…
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Market achieves new milestones on robust GDP data, inline RBI policy
December 09, 2023 / 09:41 AM IST Favourable global as well as domestic cues helped the Indian market to post biggest weekly gain since July 2022 and also achieved the fresh milestone in the week ended December 8. In this week, BSE Sensex rose 3.47 percent or 2344.41 points to close at 69,825.60, while Nifty50…
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Heard on the Street’s Stock-Picking Contest
Updated Dec. 8, 2023 8:50 pm ET They say that the key to being a successful pundit is never to mention a number and a date in the same sentence. Heard on the Street’s columnists on four continents don’t have that luxury, but we also wouldn’t have it any other way. Our seventh annual stock-picking…