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Dow Jones futures rose slightly Sunday night, along with futures for the S&P 500 and Nasdaq futures. X The stock market rally had a mixed week, but action was negative overall, with renewed Treasury yields and mixed earnings weighing on growth. The Nasdaq fell through the 50-day and 10-week moving averages last week. Tesla (TSLA) … Read more

(Bloomberg) — The United States Steel Corporation has begun a formal review of strategic alternatives after receiving “multiple unsolicited” proposals, a sign that the years-long transition may finally be bearing fruit. Most Read from Bloomberg Chief Executive Officer David Porritt said Sunday in a statement that the proposals ranged from acquiring certain production assets to … Read more

(Bloomberg) — Economists at Goldman Sachs expect the Federal Reserve to start cutting interest rates by the end of next June, with a gradual quarterly pace of cuts starting from that point. Most Read from Bloomberg “The cuts in our forecasts are driven by this desire to normalize the money rate from a constrained level … Read more

New York (AFP) – U.S. Steel said Sunday it had rejected a $7.3 billion takeover bid from rival Cleveland-Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers. Pittsburgh-based US Steel said it declined the offer because Cleveland Cliff was pushing it to accept the terms without allowing it to conduct proper due diligence. … Read more

(Bloomberg) — One of China’s largest private wealth managers has raised fresh concern about the health of the country’s shadow banking industry after it missed payments on several high-yielding products. Most Read from Bloomberg Three companies said late Friday that they had failed to receive payments on products issued by companies linked to Zhongzhi Enterprise … Read more

(Bloomberg) — Chinese stock selling deepened Monday as a slump in the country’s real estate dampened market sentiment while weak economic data weighed on the yuan. Most Read from Bloomberg A gauge of Asian stocks is set for its lowest close since June as stocks fell across the region. Stocks fell in mainland China while … Read more

(Bloomberg) — A Chinese stock index is close to erasing all the gains it made since a key political meeting in late July, as the economy struggles to gain momentum and optimism about stimulus wanes. Most Read from Bloomberg The CSI 300 Index is down 1.3% as of the midday break after falling 3.4% last … Read more

(Bloomberg) — A crisis is brewing at Country Garden Holdings, formerly the largest Chinese developer, after units halted trading on domestic bonds and stocks plunged in the wake of a Morgan Stanley downgrade. Most Read from Bloomberg The developer, whose problems threaten worse repercussions than struggling peer China Evergrande Group given it has four times … Read more

BEIJING (AP) – Asian stock markets fell on Monday after robust inflation in the United States revived fears that the Federal Reserve could raise interest rates again. Hong Kong’s main market index fell 2.4%. Shanghai, Tokyo and Sydney also fell behind. Oil prices sank. Wall Street’s benchmark S&P 500 fell 0.1% on Friday after government … Read more