Stocks soared on Wall Street after falling bond yields helped markets shake off a miserable September marred by fears that the Federal Reserve’s aggressive interest rate hikes would hurtle the U.S. economy into a recession. The S&P 500 rose 93 points, or 2.6%, on Monday to close at 3,678. The …
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Tesla is recalling more than a million cars because of defects in their automatic windows that could injure passengers, the nation’s auto safety regulator said. The recall affects Model 3 cars from model years 2017-2022, Model Y SUVs from 2020 and 2021, Model S cars from 2021 and 2022 and …
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Wall Street rebounded after stocks on Tuesday saw their worst fall in two years on fears about higher interest rates stoked by persistent inflation. The S&P 500 rose 13 points, or 0.3%, to close Wednesday at 3,946. The Dow rose to 31,135, or 0.1%, a day after the blue-chip index lost more …
Read More »Drugstore operator CVS Health Corp. said Monday that it will buy home-health provider Signify Health for $8 billion. CVS said Signify has more than 10,000 employees including physicians and nurses, a presence in every state, and offers technology platforms. “This acquisition will enhance our connection to consumers in the home …
Read More »Equifax is back in the spotlight after Rep. Maxine Waters asked for the credit reporting agency to be barred from selling credit scores until it explains how it flubbed credit score calculations for millions of Americans. Equifax last week admitted that it misreported some consumers’ credit scores, potentially affecting applications …
Read More »A virtually unknown Hong Kong company has become the latest “meme stock,” joining companies like GameStop and AMC Entertainment in winning the hearts and dollars of online traders. Shares in AMTD Digital have soared a staggering 21,000% since the financial technology company went public in the U.S. last month, with …
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Wall Street opened lower Tuesday, dragged down by weak profit reports from some of the biggest names in corporate America. The S&P 500 fell 29 points, or 0.7%, to 3,927 points shortly after the start of trade, while the Dow Jones Industrial Average slid 0.5%. The tech heavy Nasdaq Composite …
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Fraudulent text messages are soaring, deluging Americans with scams ranging from false claims that a person’s bank account has been frozen to online orders not being delivered, a consumer advocacy group has found. Over the last year, the number of robo-texts in the U.S. has soared from about 1 billion …
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Fan manufacturer Vornado Air will pay $7.5 million to settle claims it failed to immediately report potentially deadly risks posed by twice-recalled electric space heaters. The Andover, Kansas-based company failed to notify the U.S. Consumer Product Safety Commission, as legally required, after receiving information that its VH101 Personal Vortex heater …
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In the wake of the Supreme Court decision overturning Roe v. Wade, major corporations are adding abortion travel costs to their employee benefits. The goal is to ensure their employees can seek abortion care if they live in states where the procedure is now or will soon be illegal. About …
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