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Against a backdrop of persisting inflationary pressures, yields on longer-term bonds have been climbing, which experts say is likely to keep borrowing costs elevated, particularly for long-term fixed-rate loans such as mortgages. The yield on the 30-year Treasury bond hit 5.323% this week, a …
Brunswick Corp (NYSE:BC), a global leader in boatManufacturingand recreation on the water, is counting on advanced technology to help address stalling sales. TheParent Companyof Sea Ray, Boston Whaler and other boat brands says advanced navigation technology and autonomous docking can take some of the …
China's 10-year bond yield has fallen to its lowest level in more than a year as weak economic growth pushes investors into the country's sovereign debt. Yields on the bonds slipped 0.01 percentage point to 1.67% on Tuesday, their lowest level since July last …
Sir Chris Hohn's hedge fund TCI has invested $636 million in loans to ultra-luxury hotels in Italy, betting that room rates will continue to rise as wealthy tourists compete for a scarce group of prime locations. Hohn, one of the world's most profitable hedge …
Diageo (NYSE:DEO) shrank its workforce by almost 2,000 people in its last financial year as new chief executive Sir Dave Lewis embarks on an aggressive cost-cutting plan designed to boost profits at the world's largest spirits group. The maker of Guinness and Johnnie Walker …
Disney's (NYSE:DIS) ABC network filed a First Amendment lawsuit against the Federal Communications Commission, calling the agency's investigation into the company a retaliatory campaign tied to the nature of its programming, which has been critical of the administration. The broadcast network filed the lawsuit …
Anthropic's annualized revenue run rate hit $65 billion at the end of July, a sevenfold increase from a year earlier, according to an update the company shared with investors over the weekend. The company, known for its Claude family of AI models, has seen …
Apple (NASDAQ:AAPL) has acknowledged for the first time that regulatory changes forcing it to loosen control of its App Store are weighing on its more than $100 billion services business, a rare concession that antitrust action is beginning to affect one of the company's …
Apple (NASDAQ:AAPL) announced Tuesday that alternative, third-party app stores in theEuropean Unionwill be charged a 5% commission on in-app purchases as part of a new fee schedule the company said will resolve disagreements with regulators stemming from implementation of Europe's Digital Markets Act. Under …
BHP, the world's largestMiningcompany, reported strong growth for the year to June as copper overtook iron ore as its primary profit driver for the first time on an annual basis. The company said profits generated from its copper mines rose 48% to $18 billion, …
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