Target has a warning about the holidays
Target’s sales slumped last quarter and the retail giant is predicting a slow holiday shopping season.
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The US Postal Service lost $6.5 billion last year. It predicted it would break even
The US Postal Service lost $6.5 billion in its just-completed fiscal year, delivering a blow to the service’s hopes of a financial turnaround.
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Analysis: Welcome to the (almost) red-hot bond market
Bonds have been tracking towards their third consecutive year of losses in what some analysts are calling the worst bear market in history.
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Americans are getting ‘ripped off’ by big banks, Robinhood CEO says
Robinhood is trying hard to lure customers fed up with traditional banks that pay little to no interest on savings.
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Biggest test of Credit Suisse rescue yet to come, says UBS
2024 will be the “pivotal” year in the takeover of Credit Suisse by UBS, with the migration of IT systems presenting huge risks as the two megabanks merge operations across more than 50 countries, UBS CEO Sergio Ermotti said Wednesday.
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Warren Buffett’s Berkshire Hathaway sold all of its GM stock
Warren Buffett’s Berkshire Hathaway unloaded its entire $850 million worth of General Motors (GM) stock last quarter, according to a Securities and Exchange Commission filing.
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Source: CNN Business