By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by m[...]
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August 4, 2023
Google-parent Alphabet offloads nearly 90% stake in trading app Robinhood
By Niket Nishant (Reuters) -Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90%, cutting its exposure to the trading app operator that has been grappling[...]
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Meme stock Tupperware jumps as debt restructuring deal fires up retail army
By Medha Singh and Savyata Mishra (Reuters) -Shares of Tupperware Brands surged 44% on Friday, after the kitchen storage container maker finalized a debt restructuring deal as it attempts a turnaround[...]
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Explainer-Charting the Fed’s policy path
(Reuters) – Investors are increasingly of a mind that the U.S. Federal Reserve has delivered the final installment of what has been most aggressive policy-tightening cycle in four decades, but c[...]
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United Airlines buying land in Denver as it pursue growth strategy
By David Shepardson and Rajesh Kumar Singh (Reuters) – United Airlines on Friday said it is spending $33 million to buy 113 acres (46 hectares) in Denver as part of its growth strategy. The Chic[...]
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Analysis-While AI takes the spotlight, infrastructure stocks shine
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks have rallied this year, largely on the back of companies with ties to artificial intelligence (AI), but as those shares become expensive, in[...]
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Simon Property slashes annual net income forecast (Aug. 2)
(This Aug. 2 story has been corrected say the company cut annual forecast for net income attributable to shareholders, not profit, and removes the reason for it in the headline and paragraph 1) (Reute[...]
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Instant view: US jobs growth stays moderate in July, wage gains still strong
NEW YORK (Reuters) – The U.S. economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to continued tightness in labor market[...]
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US money market funds draw biggest inflow in four months
(Reuters) – U.S. money market funds saw robust demand in the seven days to Aug. 2 as investors favoured safer assets on concerns over a U.S. credit rating downgrade and economic reports signalli[...]
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