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Investing
US markets sink as tech stocks sell off
US stocks fell Thursday morning under the pressure of disappointing third-quarter results from Big Tech companies and high Treasury yields.…
Morgan Stanley Names Next CEO. Ted Pick Takes Over Jan. 1.
Morgan Stanley named Edward Pick to become chief executive officer on Jan. 1, succeeding outbound CEO James Gorman, who will become executive chairman. Pick,…
The US economy grew at a robust 4.9% rate in the third quarter
The US economy expanded at an even stronger pace in the third quarter, despite interest rates at their highest level in 22 years.Gross…
Sam Bankman-Fried built a career around big risks. Now he’s making his biggest wager yet
FTX founder and former CEO Sam Bankman-Fried has made a career out of risky bets that, for a while, paid off. Now, he’s about to make the…
Meta has managed to get 33 US states to agree on something
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.
Meta’s lawyers…
How Country Garden became the new face of China’s spiraling property crisis
Move over Evergrande. There is a new poster child of China’s protracted real estate crisis — Country Garden.
The homebuilder,…
Bond Index Funds Are Hurting Again. It Isn’t Just Rising Interest Rates.
Bond index funds are having their third bad year in a row. It isn’t just rising interest rates. The largest bond exchange-traded fund, the $94 billion
Vanguard Total Bond…