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Market Extra: BlackRock offers retirement-date ETFs for investors saving outside 401(k) plans

BlackRock is offering target-date exchanged-traded funds aimed at helping people save for their retirement outside of a 401 (K) plan.

The Ratings Game: It turns out Disney’s ESPN isn’t eroding. But here comes the hard part.

Disney largely soothed Wall Street's fears with its latest financial disclosures, which showed steady revenue for ESPN. Yet here comes the hard part.

: Pfizer to more than double price of its COVID antiviral once drug moves to commercial market

The listing price for Paxlovid is more than double what Pfizer charged the federal government during the COVID-19 pandemic.

: Altria’s NJOY files lawsuit against 34 foreign and U.S. disposable-vape companies

The suit claims Chinese and U.S. vape companies are not complying with the law and seeks damages and an injunction on imports.

Earnings Outlook: Google earnings preview: Ad spending is accelerating despite a battle with the federal government

Ad spending on Google search "accelerated" about 13% year-over-year in the third quarter because of better pricing and the strength of YouTube, Cowen analyst John Blackledge said in a Oct. 12 note that maintains an outperform rating and bumped Google's price target to $160 from $150.

Financial Crime: Winklevoss’ Gemini crypto firm lied about investing in junk, losing customers $1 billion, NY AG says

Gemini’s board was warned that loan partner Genesis was a Lehman Brothers waiting to happen, but told customers their money was safe, AG says.

: Microsoft’s acquisition of Activision makes Big Tech even bigger — and harder to rein in

Microsoft made concessions to appease regulators, but acquisition shows that so-called vertical deals can still be approved.

: It’s National Get Smart About Credit Day. Here are 7 facts you might not know about credit.

One in five members of Gen Z say they "only understand credit scores a little or not at all," according to a survey by FICO.

Economic Report: Mortgage rates near 8%, rising for the sixth week in a row

The 30-year mortgage rate is averaging 7.63%, Freddie Mac said in its latest weekly survey on Thursday.

The Fed: Powell says more strong data like September reports could warrant further interest-rate hikes

Fed Chairman Jerome Powell said Thursday that additional signs of a resilient economy may warrant further tightening of monetary policy.

The Ratings Game: Blackstone’s earnings miss draws a downgrade at CFRA

Kenneth Leon of CFRA cuts Blackstone to neutral after the alternative-asset manager missed earnings target as higher interest rates challenge its business.

Market Extra: Why stock-market investors are fixated on 5% as 10-year Treasury yield nears key threshold

The benchmark 10-year rate, used on everything from mortgages to student and auto loans, looks poised to burst through 5% soon.
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