The Daily – October 6, 2023
MAAM2023-10-06T18:20:48+00:00The seemingly boundless popularity of Taylor Swift is boosting stock prices on both sides
The seemingly boundless popularity of Taylor Swift is boosting stock prices on both sides
Apple Inc. Chief Executive Officer Tim Cook sold stock worth about $41 million after taxes
More and more Wall Street equity strategists are sounding the alarm on the impact of higher interest rates. The team at Goldman Sachs Group Inc. joined peers at Morgan Stanley and JPMorgan Chase & Co. warning that elevated rates could spark further declines in equities
Bitcoin climbed to a six-week high as inflows onto crypto exchanges continued at the start
A US government shutdown or prolonged strike by automotive workers could slow the economy, meaning the Federal Reserve wouldn’t have to use its tools to ease price growth
Wall Street economists are growing more upbeat about US economic growth while acknowledging that it may require interest rates to stay higher for longer
Goldman Sachs Asset Management has raised $14.2 billion for a new vehicle to buy stakes in private equity funds. The US investment firm closed the Vintage IX fund with commitments from institutional investors, high-net worth individuals and Goldman Sachs employees
Microsoft Corp. plans to refresh its Xbox consoles in the holiday season of 2024, according to a product roadmap posted online as part of its case against the Federal Trade Commission
Treasury Secretary Janet Yellen said she’s increasingly confident that the US will be able to contain inflation without major damage to the job market, hailing data showing a steady slowdown in inflation and a fresh influx of job seekers.
China’s stumbling recovery this year has produced a string of reassurances that the impact on the US of even a sharp downturn in the world’s second-largest economy will prove limited
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