The stock market is soaring, yet there is plenty to worry about: bubbling conflicts and outright wars around the world and a close and contentious election in the United States. At times like these, market history can be a source of comfort, at least up to a point. Relying on …
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When money market interest rates broke above 5 percent last year, it was a wake-up call for many investors who had grown accustomed to getting almost nothing for their money at banks. Hundreds of billions of dollars flowed into the funds, which swelled in size month after month. Now that …
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CVS Health abruptly ousted its chief executive, Karen S. Lynch, on Friday as the pharmacy and health care conglomerate struggled with sluggish growth and faced pressure from investors. The company appointed David Joyner, the head of CVS Caremark, its successful unit overseeing prescription drug benefits, as the new chief. The …
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China’s powerful Ministry of Finance said on Saturday that it would borrow more to help cash-short localities and put more money in the hands of state-owned banks, an effort to address a severe slowdown in real estate and shore up crumbling consumer confidence. Lan Fo’an, the finance minister, did not …
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After years of promises, Tesla on Thursday unveiled a car that Elon Musk, the company’s chief executive, said will be able to drive itself without human supervision. Mr. Musk has said the vehicle will add trillions of dollars to the company’s stock market value and fuel its growth. The “robotaxi,” …
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