Wealth Growth Daily

Updated

Dow notches record high close after upbeat economic data

BY Reuters  • August 30, 2024August 30, 2024
By Noel Randewich (Reuters) -Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expec[...]
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Explainer-What is Elon Musk’s feud with a Brazilian Supreme Court justice about?

BY Reuters  • August 30, 2024August 30, 2024
BRASILIA (Reuters) – A Brazilian Supreme Court justice on Friday ordered the country’s telecommunications regulator Anatel to shut down Elon Musk’s social media platform X after the[...]
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Brazil judge takes on Musk’s X as ‘fake news’ crusade ramps up

BY Reuters  • August 30, 2024August 30, 2024
By Anthony Boadle BRASILIA (Reuters) -Brazilian judge Alexandre de Moraes’ decision to shut down billionaire Elon Musk’s social media platform X is just the latest chapter in a no-holds-ba[...]
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Goldman to lay off a few hundred employees in annual talent review, source says

BY Reuters  • August 30, 2024August 30, 2024
By Manya Saini (Reuters) -Goldman Sachs is planning to cut a few hundred jobs as part of an annual review process aimed at low performers, a person familiar with the matter told Reuters on Friday. The[...]
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New Boeing CEO holds first meeting with FAA chief

BY Reuters  • August 30, 2024August 30, 2024
By David Shepardson WASHINGTON (Reuters) -New Boeing CEO Kelly Ortberg met this week with the head of the Federal Aviation Administration as the planemaker faces numerous regulatory issues and increas[...]
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U.S. home prices forecast to rise modestly as Fed cuts rates – Reuters poll

BY Reuters  • August 30, 2024August 30, 2024
By Sarupya Ganguly BENGALURU (Reuters) – U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S. Federal Reserve interest rate cuts, according to[...]
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US dollar rises broadly as inflation data underpins smaller Fed cut

BY Reuters  • August 30, 2024August 30, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar gained on Friday after data showed a key inflation measure came in line with forecasts, while personal spending and income increased, su[...]
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Oil settles $1 down as supply set to rise, uncertainty around Fed rate cuts

BY Reuters  • August 30, 2024August 30, 2024
By Georgina McCartney HOUSTON (Reuters) -Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty U.S. inter[...]
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Solid US consumer spending pushes against hopes for hefty Fed rate cut

BY Reuters  • August 30, 2024August 30, 2024
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-[...]
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