Wealth Growth Daily

Updated

US dollar rallies on month-end buying; traders await economic data

BY Reuters  • August 28, 2024August 28, 2024
By Gertrude Chavez-Dreyfuss, Brigid Riley and Sruthi Shankar NEW YORK/TOKYO/BENGALARU (Reuters) -The U.S. dollar rebounded on Wednesday due to month-end buying after recent declines that pushed it to[...]
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Billionaire investor Buffett offloads Bank of America shares worth $982 million in latest sale

BY Reuters  • August 28, 2024August 28, 2024
(Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million, as the conglomerate continues to[...]
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US says Bioceres genetically modified wheat safe to grow

BY Reuters  • August 28, 2024August 28, 2024
By Tom Polansek and Julie Ingwersen CHICAGO (Reuters) -A type of genetically modified wheat developed by Argentina’s Bioceres Crop Solutions may be safely grown in the United States, the U.S. De[...]
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Kohl’s banks on cost controls, leaner inventories to lift profit target

BY Reuters  • August 28, 2024August 28, 2024
By Juveria Tabassum (Reuters) -Kohl’s topped quarterly profit estimates and raised its annual forecast on Wednesday, as the department store operator leans on lower costs and slimmer inventories[...]
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Chinese hackers exploited bug to compromise internet companies, cybersecurity firm says

BY Reuters  • August 28, 2024August 28, 2024
By Raphael Satter WASHINGTON (Reuters) -A Chinese hacking group exploited a software bug to compromise several internet companies in the United States and abroad, a cybersecurity firm said on Tuesday.[...]
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Abercrombie & Fitch lifts sales forecast on trendy apparel demand; lofty expectations hit shares

BY Reuters  • August 28, 2024August 28, 2024
By Aatrayee Chatterjee (Reuters) -Abercrombie & Fitch raised its annual sales target on Wednesday after reporting better-than-expected quarterly revenue, but shares of the company fell 14% as inve[...]
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Factbox-Top streaming platforms in content-hungry India

BY Reuters  • August 28, 2024August 28, 2024
BENGALURU (Reuters) -Apple signed a content deal with Indian telecoms operator Bharti Airtel late on Tuesday in its push for a larger slice of the country’s $28 billion entertainment market. Her[...]
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Chinese EV maker BYD boosts net profit despite discounts

BY Reuters  • August 28, 2024August 28, 2024
BEIJING (Reuters) -Chinese electric vehicle maker BYD reported improved net profits in the second quarter thanks to its extended market leadership, even though it led a protracted price war with aggre[...]
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Reactions to China’s anti-subsidy probe on EU dairy imports

BY Reuters  • August 28, 2024August 28, 2024
BEIJING/LONDON (Reuters) -China launched an anti-subsidy investigation into dairy imports from the European Union a day after the bloc’s revised tariff plan for China-made electric vehicles. Wed[...]
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