August 31, 2023

Markets Now


What higher-for-longer interest rates could mean for tech stocks
After roaring higher for most of this year, the rally in tech stocks sputtered in August as investors grew increasingly worried about how long the Federal Reserve will keep interest rates high.    
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UBS will cut 3,000 jobs in Switzerland as it absorbs Credit Suisse
UBS expects to shed around 3,000 jobs in Switzerland to help it cut $10 billion in costs as it undertakes a sweeping overhaul following its emergency rescue of Credit Suisse earlier this year.    
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Trader Joe's issues its sixth recall in two months
Trader Joe’s has issued another food recall — its sixth since July.    
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Video: Meet the man behind the hit song 'Rich Men North of Richmond'

Virginia native Oliver Anthony, whose real name is Christopher, has the #1 song in America, but according to the people who know him, he wants nothing to do with fame. CNN’s Vanessa Yurkevich reports.    
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Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft
Dollar General slashed its sales and profit outlook for the year on Thursday, blaming headwinds including weaker consumer spending on non-essential purchases and increasing theft.    
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Messi's next match is the most expensive Major League Soccer game ever
There’s no sign of “Messi mania” abating anytime soon.    
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Source: CNN Markets

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