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(Bloomberg) — China’s latest attempt to reverse stagnant foreign investment in the country includes pledges to provide better tax treatment for offshore companies and make it easier for them to obtain visas, as officials try to quell concerns about doing business in the world’s second-largest economy. . Most Read from Bloomberg The 24-point plan from … Read more
What goes up must eventually come down. And in the state of the markets right now, Treasury yields are still rising and hot technology stocks are finally falling. So far this month, the Nasdaq Composite is down about 4.2%. Top tech names like Apple (AAPL) and Nvidia (NVDA) are swinging 10% lower for the month. … Read more
font size US Steel rejected an unsolicited buyout offer from rival Cleveland Cliffs. Sean Gallup / Getty Images Stock futures rose on Monday as markets faltered, adding to this year’s rally during the month of August. The focus on Wall Street this week will be the minutes of the Federal Reserve’s latest policy meeting and … Read more
Consolidation may be coming to the US steel industry. Ina Fassbender/AFP via Getty Images font size Investors should prepare for volatile trading in steel stocks to start a new week. Steel company built by Andrew Carnegie JPMorgan You may not be independent for much longer. Sunday, United States Steel (Stock ticker: X), the steelmaker founded … Read more
How much savings does the average 70-year-old have? Part of planning for retirement involves deciding how much to save and invest so you can enjoy the kind of lifestyle you want. Setting a savings goal by age can be a good way to organize your strategy and gauge how you’ll track progress toward your goals. … Read more
Powered by insane AI, it’s been a year old technology stockSummer, however, proved to be the shakiest season yet. Since mid-July, the trend has declined, with the Nasdaq Technologies Index down nearly 5%. This naturally raises the question: Should we be sounding alarm bells over this shift? Not at all, says Wedbush’s Daniel Ives, a … Read more
(Bloomberg) — The United States Steel Corporation has begun a formal review of strategic alternatives as it rejected an offer to sell itself to rival Cleveland-Cliffs Inc. Most Read from Bloomberg Ohio-based Cliffs said Sunday it offered to pay $17.50 in cash and 1,023 of its own shares for each US Steel share. That means … Read more
Commercial mortgages are a segment of the debt market that is under severe pressure from rising rates and tightening financial conditions.Afton Almaraz / Getty A storm of public and private debt problems is heading into the market. Warning signs showed up in increasing credit card balances, late payments, and other indicators. Here are the signs … Read more
Warren Buffett.Photograph: Rick Wilking/Reuters Warren Buffett’s Berkshire Hathaway added three homebuilders to its portfolio last quarter. The investor’s company exited three shares and cut several other deals, SEC filings show. Berkshire also boosted its stakes in Capital One and Occidental Petroleum in the most recent quarter. Warren Buffett Berkshire Hathaway It trimmed its portfolio of … Read more
Shares of AMC (AMC) were down in early trading Monday, down nearly 40% as investors feared further dilution of their common shares. Over the weekend, a Delaware court approved a merger between AMC and AMC Preferred Stock (APE) that will make all of AMC’s outstanding shares from common stock. In addition, a reverse stock split … Read more