September 1, 2023

Markets Now

Home builder stocks shine as prospective buyers turn to new construction

Home builder stocks are on a tear, boosted by a jump in new home construction as Americans shun the historically tight and unaffordable housing market.  
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Volkswagen, Renault shares hit by rare 'sell' rating as Chinese competition grows

Shares in Europe’s largest carmaker Volkswagen and its French rival Renault dropped sharply Friday after UBS analysts recommended investors dump the stocks, citing the growing threat to their business from Chinese competitors.  
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Huge theft rocks Europe's largest copper producer

Aurubis, Europe’s largest copper producer, says it has been the target of a huge theft, with damages running into hundreds of millions of euros.  
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Taylor Swift Eras Tour movie breaks presales records at AMC Theatres

Taylor Swift’s concert film has already broken theater records more than a month ahead of its October 13 release. AMC Theaters said Friday that the singer’s Eras Tour concert movie “shattered records for single-day advance ticket sales revenue,” with $26 million of tickets sold on Thursday.  
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Walgreens CEO steps down

Walgreens Boots Alliance on Friday said that CEO Rosalind Brewer has stepped down less than three years after taking the helm at the pharmacy chain.  
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Adani blasts 'Soros-funded interests' after media raise new questions about business empire

Indian billionaire Gautam Adani’s conglomerate has slammed what it described as “Soros-funded interests” after media outlets claimed the Adani Group had used complex and secretive offshore operations to boost its market value, citing documents obtained by a network of investigative journalists.  
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Source: CNN Business

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