October 26, 2023

Markets Now

Analysis: A time-honored investing strategy is under pressure. But don’t panic

An age-old investing strategy is losing its shine, but investors aren’t ready to retire it.  
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US markets sink as tech stocks sell off

US stocks fell Thursday morning under the pressure of disappointing third-quarter results from Big Tech companies and high Treasury yields.  
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L.L. Bean closes headquarters, stores and factories in Maine after mass shooting

L.L. Bean told CNN on Thursday the outdoor goods retailer has shuttered its flagship retail store, corporate headquarters, factories and other facilities in Maine as authorities conduct a manhunt for a mass shootings suspect.  
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How Country Garden became the new face of China’s spiraling property crisis

Move over Evergrande. There is a new poster child of China’s protracted real estate crisis — Country Garden.  
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UPS earnings fall, sees economic headwinds ahead

UPS reported sharply lower earnings in the third quarter and said it expects lower revenue and thinner profit margins ahead, but it noted a slowing global economy, not its recent labor issues, is the reason.  
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Sam Bankman-Fried built a career around big risks. Now he’s making his biggest wager yet

Sam Bankman-Fried made a career out risky bets that, for a while, paid off. Now, he’s about to make the riskiest bet of his life.  
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Source: CNN Business

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