Some of those generic brands in the grocery store are actually the same product as the brand you’re being loyal to, and paying a lot more for.
Market Snapshot: S&P 500, Nasdaq close higher after three straight weekly declines
The S&P 500 and Nasdaq Composite end with their first gains of the past five sessions despite another surge in long-dated Treasury yields.
: Meta’s Threads reportedly will launch desktop version this week
Threads, the rival to Twitter — er, X — that Meta Platforms Inc. launched in early July, will add a desktop version this week, the Wall Street Journal reported Sunday.
Dow Jones Newswires: China’s central bank cuts benchmark rate by less than expected
China’s benchmark lending rate was lowered by a smaller-than-expected margin on Monday, after the central bank cut its key policy rates last week to offer more support for the slowing economy.
: Group of hedge-fund titans makes renewed bid to buy Sculptor Capital: report
A group of investors led by Boaz Weinstein and other prominent hedge-fund managers has made an improved bid to buy Sculptor Capital Management, which has already agreed to be bought by Rithm Capital Corp., the Wall Street Journal reported Sunday.
: DuPont near deal to sell its Delrin unit for about $1.8 billion: report
Chemical and industrial giant DuPont de Nemours Inc. is in talks to sell its resins unit, Delrin, to the Jordan Co., a private-equity firm, for about $1.8 billion, Bloomberg News reported Sunday.
: Hurriquake! Moderate earthquake rattles nerves in L.A. as Tropical Storm Hilary hits.
As Southern California was dealing with torrential rain and flash flooding from its first tropical storm in 84 years Sunday, the region was rattled by a moderate earthquake.
Market Snapshot: Rising yields put S&P 500 on pace for biggest monthly loss of 2023 as investors brace for Fed Chair Powell’s Jackson Hole speech
The S&P 500 is on course for its biggest monthly loss of 2023, jolted by rising Treasury yields as investors face the prospect of the Federal Reserve keeping interest rates higher for longer.
: Outlook for China’s property sector is grim, but it isn’t the only drag on its economy
Financial markets have been firmly focused on the interest-rate implications of a resilient, even robust US economy, but investors may not have been paying enough attention to China’s economic and financial news.
: As COVID hospitalizations rise, Pfizer and Moderna say updated shots show promise against Eris variant
Free shots for people without health insurance may not be available at retail pharmacies until mid-October.
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