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Hurricane Milton could cause up to $100 billion in losses, Wells Fargo estimates
Insured losses could be anywhere between $10 billion and $100 billion, according to the bank, but its base case scenario is $20 billion.
What China's fading stock rally could mean for investors
The recent surge in Chinese stocks hit the pause button on Tuesday after Beijing failed to roll out another large stimulus package, a surprise to investors hoping to add more fuel to the
Why stock investors shouldn’t worry about 10-year Treasury yield ruining 2024 rally yet
The benchmark 10-year Treasury yield, which rose further above 4% on Tuesday, is falling short of the levels needed to take the steam out of the 2024 U.S. stock rally.
China Stocks Surge After Government Measures to Boost Economy
Just a few weeks ago, many investors in China’s stock markets were ready to give up and eager to sell. Then late last month, traders rushed in to make bullish bets after the government’s leaders
‘DJT’ stock continues rally after Elon Musk joins Trump onstage in Pennsylvania
Shares of Trump Media & Technology Group are on pace to extend their winning streak to four days, their longest since a four-day streak that ended June 26.
Small business disaster loan program said to be in danger of running out of funds by end of month
The Small Business Administration could run out of money to fund disaster loans in the wake of Hurricane Helene's devastation. As is typical after a disaster, the government is offering aid to small
SpaceX may receive FAA license for next Starship launch in time for Sunday attempt
The Federal Aviation Administration may issue SpaceX its next Starship license in time for a Sunday launch attempt, CNBC has learned.
Mario Gabelli Bids for Berlusconi Family’s Monza Soccer Team
Money manager Mario Gabelli made an offer for the last Italian football club still owned the Berlusconi family.
India, South Korea bonds to join FTSE Russell government indexes in 2025
Global index provider FTSE Russell on Tuesday said it would include India's sovereign bonds in its Emerging Markets Government Bond Index (EMGBI) starting September 2025, following index inclusion by
3 bank accounts rich people use to build wealth that are available to anyone
Wealthy people are constantly using three types of accounts to get more from their money, and they're hidden in plain sight. Rich people use Roth IRAs for tax advantages. Rich peo
Hurricane Milton Might Distort Economic Data. GDP Could Take a Hit.
Hurricane Milton could wreak short-term havoc on U.S. economic data, even as it inflicts more lasting pain on Florida’s Big Bend region. The Category 4 storm is forecast to hit Tampa and environs
White House 'in touch' with airlines as Helene, Milton spark price gouging fears
Vice President Kamala Harris, for example, has proposed a federal ban on price gouging as part of her presidential campaign platform.
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