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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