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• The US and Iran resumed military strikes for the first time since July, with the US targeting rocket launchers on Iran's Larak Island and Iran retaliating against US bases in Jordan.
• Financial Stability Board Chair Andrew Bailey said AI's impact on cyber risk is the most immediate concern for the global financial system, warning it could change the speed, scale, andEconomicsof an attack.
• Venezuelan interim President Delcy Rodriguez said a 25-year energy agreement with the US targets an increase in crude output to more than 1.5 million barrels per day.
• Barclays now expects the Federal Reserve to raise interest rates by 25 basis points in both September and December, reversing its prior forecast of unchanged rates for the rest of the year.
• GM's Canadian workers approved an agreement to add production of the next-generation heavy-duty GMC Sierra truck at the company's Oshawa plant, backed by a C$144 million investment.
Union Pacific's $1.42 quarterly dividend yields approximately 1.85%, a steady payout from a railroad generating over $2.5 billion in quarterly operating cash flow. The more consequential number for shareholders right now isn't the dividend itself but the outcome of the pending Norfolk Southern merger, …
• Walmart has settled a Department of Justice lawsuit alleging the company unlawfully filled invalid opioid prescriptions, contributing to the US opioid epidemic.
• KKR has agreed to pay $250 million to settle a Department of Justice lawsuit alleging the firm repeatedly failed to properly file merger-related documents between 2021 and 2022.
• Alphabet has agreed to pay £260 million to settle a UK class action lawsuit alleging Google charged unfair commissions to developers on the Google Play Store.
Ubiquiti's $1.00 quarterly dividend yields approximately 0.67%, a modest yield given the stock's valuation, but the payout itself is unusually large in dollar terms for a technology company of this size. The company's explicit commitment to maintain at least this rate through fiscal 2027 …
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