Markets Now Tuesday, April 2. 2024

Billionaire whose firm backed Trump’s $175 million bond reveals how the deal came together

Don Hankey, the chairman and majority shareholder of Knight Specialty Insurance, told CNN on Tuesday that the deal to underwrite former President Donald Trump’s $175 million bond in New York came together quickly and that Trump posted all cash as collateral.  
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Costco begins offering Ozempic prescriptions to some members

The warehouse retailer is now offering its US members access to prescriptions for GLP-1 weight loss drugs through its low-cost health care partner Sesame.  
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Dow falls nearly 400 points to continue second quarter’s weak start

Stocks fell Tuesday as investors continued to worry that the Federal Reserve could cut interest rates later than expected.  
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It’s jobs week. Here’s what to watch for

The March employment report, due out on Friday, will be the main focus for investors this week.  
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Tesla sales plunge far more than expected

Tesla posted its first annual drop in sales since the first year of the pandemic, as increased electric vehicle competition from Chinese and Western automakers ate into demand.  
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Powerball jackpot ratchets up to $1.09 billion after no big winner Monday

The Powerball jackpot has ballooned to a tremendous $1.09 billion after yet another lottery drawing yielded no top winner Monday night.  
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Source: CNN Business