ZURICH (Reuters) -UBS is to liquidate a $2 billion real estate fund it acquired when it bought Credit Suisse, the Swiss bank said on Thursday, in the latest sign of investors selling out of troubled c[...]
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August 15, 2024
Wall Street firms to pay over $470 million to settle with US regulators over texting
(Reuters) – Another group of broker-dealer and investment advisers have agreed to pay over $470 million to U.S. regulators to settle civil charges they violated recordkeeping rules, the U.S. Sec[...]
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Coach owner Tapestry rides on Tabby handbags demand to beat estimates
By Juveria Tabassum (Reuters) -Tapestry beat analysts’ expectations for fourth-quarter results on robust demand for its popular Coach Tabby handbags, signaling interest in affordable luxury as g[...]
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Coach owner Tapestry rides on Tabby handbags demand to beat estimates
By Juveria Tabassum (Reuters) -Tapestry beat analysts’ expectations for fourth-quarter results on robust demand for its popular Coach Tabby handbags, signaling interest in affordable luxury as g[...]
Read moreSnowflake Stock Is Falling Thursday: What’s Going On?
Snowflake Inc (NYSE:SNOW) shares are trading lower Thursday. Berkshire Hathaway revealed that it completely exited its Snowflake position in the second quarter and Wells Fargo downgraded the stock. Wh[...]
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Singapore’s Grab misses quarterly revenue estimates, shares drop
(Reuters) -Grab Holdings missed second-quarter revenue estimates due to slower growth in its mainstay food-delivery business and foreign exchange headwinds, sending its U.S.-listed shares down 8% in p[...]
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Flynn Group buys 83 more Wendy’s franchises in US
By Waylon Cunningham (Reuters) – Flynn Group, which says it is the world’s biggest franchise operator, bought 83 Wendy’s franchises in New Jersey and Pennsylvania, bringing its total to 277. The[...]
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Summer market shock not quite over as investors brace for more turmoil
By Naomi Rovnick LONDON (Reuters) -Big investors are bracing for this summer’s stock market rout to run into the autumn, fearing a broader wave of selling will follow the turmoil sparked by U.S.[...]
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US import prices edge up in July
WASHINGTON (Reuters) – U.S. import prices barely rose in July, extending the flow of tame inflation readings that have bolstered financial market expectations for an interest rate cut next month[...]
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