Wealth Growth Daily

Updated

U.S. Treasuries not the safe bet they once were, research says

BY Reuters  • August 23, 2024August 23, 2024
By Ann Saphir and Howard Schneider JACKSON HOLE, Wyoming (Reuters) -No safer than a bund. Or a gilt. Or an OAT. Long touted as hands-down the world’s “safe haven” securities, the beh[...]
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Cava rallies to record high as solid demand for steaks and salads boosts forecasts

BY Reuters  • August 23, 2024August 23, 2024
(Reuters) – Mediterranean restaurant chain Cava Group’s shares surged over 23% to a record high of $125.38 on Friday, after strong demand for its salad bowls and pita wraps boosted its ann[...]
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Powell green lights September rate cut

BY Reuters  • August 23, 2024August 23, 2024
(Reuters) – Federal Reserve Chair Jerome Powell said on Friday “the time has come” for the U.S. central bank to cut interest rates as rising risks to the job market left no room for[...]
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Microsoft to host cybersecurity summit after CrowdStrike-induced IT outage

BY Reuters  • August 23, 2024August 23, 2024
(Reuters) -Microsoft said on Friday it would hold a summit in September to discuss steps to improve cybersecurity systems, after a faulty update from CrowdStrike caused a global IT outage last month.[...]
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Anthropic says California AI bill’s benefits likely outweigh costs

BY Reuters  • August 23, 2024August 23, 2024
(Reuters) – The benefits of California’s revised bill that seeks to regulate how artificial intelligence is developed and deployed in the state likely outweigh the costs, Anthropic said on[...]
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Investors rush to money market funds before Fed rate cut, BofA says

BY Reuters  • August 23, 2024August 23, 2024
By Harry Robertson LONDON (Reuters) – Investors poured $37 billion into cash-like money market funds (MMFs) in the week to Wednesday, Bank of America said on Friday, as they braced for the U.S.[...]
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Analysis-Ozempic on Wall Street’s list for 2027 Medicare drug negotiations

BY Reuters  • August 23, 2024August 23, 2024
By Michael Erman NEW YORK (Reuters) – Now that the U.S. government has negotiated prices for some Medicare program drugs effective in 2026, Wall Street analysts are betting on a 2027 list that w[...]
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US spy agencies lag civilian workforce in diversity, says report

BY Reuters  • August 23, 2024August 23, 2024
By Jonathan Landay WASHINGTON (Reuters) – Minorities, women and disabled persons are still underrepresented in U.S. spy agencies compared with the U.S. civilian workforce, said a report released[...]
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Meta cancels plans for high-end mixed-reality headset, the Information reports

BY Reuters  • August 23, 2024August 23, 2024
(Reuters) -Meta Platforms has canceled plans for a premium mixed-reality headset intended to compete with Apple’s Vision Pro, the Information reported on Friday. The company told employees at it[...]
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