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China's Reopening Trade Is Fizzling Out
Many U.S. stocks with China exposure have outperformed this year, but recent economic weakness raises the stakes going into earnings season. Source link
New York Times to Close Sports Desk
The news organization will rely on the Athletic for its daily sports coverage, as it seeks to further integrate the publication it bought last year.
Major Stock Indexes Rise Despite Tech Declines
Investors are awaiting Wednesday’s inflation report. The yield on the 10-year Treasury note slipped to 4.006%. Source link
The Rapid Rise of Threads Appears to Be Hurting Twitter
Third-party estimates showed Twitter’s traffic falling, while Meta Platform’s new app hit 100 million sign-ups. Source link
U.S. Postal Service Wants to Wrest Business From UPS, FedEx
USPS’s rebranded Ground Advantage offering aims to move packages under 70 pounds across the country at a cheaper price than rivals. Source link
Foxconn Abandons India Chip Venture With Vedanta
The move is a setback to India’s nascent plans to become a semiconductor manufacturing hub. Source link
Europe Is Probing Whether Ozempic Use Raises Risk of Suicidal Thoughts
Ozempic is under review by European drug-safety regulators after they received reports of suicidal thoughts linked to the popular weight-loss drug and another medicine in
Despite Yellen, U.S.-China Decoupling Has Momentum of Its Own
U.S. and Chinese officials have a small window to stabilize economic ties before the political calendar in both the U.S. and Asia starts driving events.
EU Approves Data-Transfer Deal With U.S.
The issue has proved a concern for some of the world’s biggest tech companies, including Meta Platforms and Google. Source link
Fed's Barr Says Nation's Biggest Banks Need More Capital
The Federal Reserve’s regulatory chief said he has decided to beef up the financial cushions for larger banks, moves he said would help boost the