Wealth Growth Daily

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Brazil’s central bank chief warns fiscal issues impact monetary policy transmission

BY Reuters  • August 24, 2024August 24, 2024
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) -Brazil’s central bank chief said on Saturday that discussing monetary policy transmission will become increasingly difficult without addressi[...]
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U.S. targets 105 Russian and Chinese firms for aiding Russian military

BY Reuters  • August 24, 2024August 24, 2024
(Reuters) – The United States on Friday added 105 Russian and Chinese firms to a trade restriction list over their alleged support of the Russian military as Washington seeks to keep up pressure[...]
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New Mexico Starbucks nicknamed ‘Charbucks’ after arson attacks

BY Reuters  • August 24, 2024August 24, 2024
By Andrew Hay TAOS, New Mexico (Reuters) – After two arson attacks at a Starbucks construction site in Taos, New Mexico, a developer is trying again to build the chain’s first drive-throug[...]
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Canada rail shutdown may still delay western grain exports

BY Reuters  • August 24, 2024August 24, 2024
By Karl Plume (Reuters) – Canada’s rail shutdown may still delay loading of some bulk grain ships at the country’s west-coast ports despite the government’s move to end a stopp[...]
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Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates

BY Reuters  • August 24, 2024August 24, 2024
By Lawrence Delevingne (Reuters) -Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S. Federal Reserve[...]
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Eli Lilly Alzheimer’s drug to be blocked for use by NHS, The Telegraph reports

BY Reuters  • August 23, 2024August 24, 2024
(Reuters) -Eli Lilly’s treatment for early Alzheimer’s is expected to be blocked for use by Britain’s National Health Service (NHS), the Telegraph reported on Friday. The drug donane[...]
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Wall Street ends sharply higher as Powell cements September rate cut hopes

BY Reuters  • August 23, 2024August 23, 2024
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy[...]
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US new home sales rise to highest level in more than a year

BY Reuters  • August 23, 2024August 23, 2024
(Reuters) -Sales of new U.S. single-family homes rose to their highest level in more than a year in July as a drop in mortgage rates boosted demand, offering more evidence that the housing market is r[...]
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Norfolk Southern reaches agreements with four labor unions

BY Reuters  • August 23, 2024August 23, 2024
(Reuters) -Norfolk Southern, in partnership with BNSF Railway, said on Friday it has reached tentative, five-year collective bargaining agreements with four labor unions. The agreements provide a 3.5%[...]
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