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Schroders Agrees $13.5 Billion Sale To Nuveen As Family Sells Out
Britain's Schroders (SDR.L), opens new tab is being taken over by U.S. asset manager Nuveen for 9.9 billion pounds ($13.5 billion).
The AI-Fueled Software Meltdown Is Overblown
The software sector has taken a massive beating on Wall Street over the past few months on fears that AI is destined to roll over the segment.
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Powell Signaling a Potential Shift in Monetary Policy
Powell, in a concise 16-minute speech at Jackson Hole, highlighted recent labor market data while signaling a potential shift in monetary policy.
Musk Beats Suit Over Promoting Dogecoin ‘Pyramid Scheme’
Elon Musk and Tesla won dismissal of a lawsuit claiming they pumped up the price of the cryptocurrency Dogecoin into a $258 billion “pyramid scheme.
Expect A Trump Victory To Rattle The Credit Markets, UBS Says
Credit markets will see more agitation if former President Trump were to win reelection in November, according to an analyst note from UBS strategist.
Traders See Fed Delivering 25 bps Cut In Sept, 100 bps By Year-End
Traders added to bets that the Federal Reserve will start U.S. interest-rate cuts next month with a quarter-point reduction in the policy rate.