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Economy

Bank of Canada cuts main interest rate to 3.25%

OTTAWA–In a move to mitigate slower economic growth and a weakening labor market, the Bank of Canada has reduced its main interest…

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Stock

US charges ex-TD Bank employee with helping to launder money to Colombia

By Nivedita Balu TORONTO (Reuters) – A former TD Bank employee based in Florida was arrested and charged with facilitating money laundering…

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Stock

David Bonderman, co-founder of alternate asset manager TPG, dies at age 82

(Reuters) -David Bonderman, the billionaire co-founder of the $239 billion alternative asset management giant TPG, has died at the age of 82,…

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Stock

JP Morgan downgrades PagerDuty and C3.ai on market dynamics

Investing.com — JPMorgan downgraded both Pagerduty Inc (NYSE:PD) and C3.ai Inc (NYSE:AI) from “neutral” to “underweight” citing competitive pressures, market dynamics, and valuation…

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Stock

Health insurer stocks fall as WSJ says lawmakers set to break up pharmacy-benefit managers

(Reuters) – Shares of health insurers such as UnitedHealth (NYSE:UNH) and CVS Health (NYSE:CVS) fell on Wednesday after a Wall Street Journal…

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Stock

Lam Research shares up 3%, TD Cowen called stock ‘top pick’

Investing.com — TD Cowen called Lam Research Corp (NASDAQ:LRCX)its top pick, given its exposure to secular trends such as increasing memory content in…

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Economy

Taiwan reports Chinese ‘combat patrol’ after Beijing slams US arms deal

By Ben Blanchard and Ryan Woo TAIPEI/BEIJING (Reuters) -Taiwan’s defence ministry said on Sunday that Chinese warplanes and warships had carried out…

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Economy

Washington Post reports Elon Musk briefly worked illegally in US in 1990s

WASHINGTON (Reuters) – The Washington Post reported on Saturday that South African-born billionaire businessman Elon Musk worked illegally in the United States…

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Economy

60% tariff on Chinese goods could slash GDP growth by 2.4%, Citi warns

Investing.com — As per analysts at Citi Research, if a 60% universal tariff were imposed on Chinese goods entering the U.S., the…

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Stock

US election uncertainty is no reason to exit the market: UBS

Investing.com — As the U.S. presidential election draws closer, UBS analysts believe investors should stay the course, emphasizing that market uncertainty is unlikely…

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