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Construction spending dipped in August ahead of Fed rate cut

Construction spending fell 0.1% in August, the Commerce Department reported Tuesday.

Job openings rebound. Yet many workers are still not finding jobs.

U.S. job openings rose toward the end of summer for the first time in three months, but people looking for work are having a harder time getting a job since fewer companies are hiring.

Spices maker McCormick benefits as people cook more but won’t sacrifice flavor

McCormick’s stock edged higher Tuesday, after the spices and flavor company beat fiscal third-quarter profit expectations and raised its full-year outlook, as volume increased for the first time in about three years.

U.S. manufacturing activity contracts for the sixth straight month

ISM PMI holds steady at 47.2% in September, below forecast 47.5%

Port strike could bring biggest impact to these retailers, says Truist

An extended strike could mean higher logistical and supply-chain costs — as well as potential product shortages — for some big names in retail, according to Truist.

Schwab CEO Walt Bettinger to retire after leading financial firm since 2008

Schwab names insider Rick Wurster to be chief executive after working as president of the firm since 2021.

Disney’s slowing park attendance will weigh on the stock for the next 12 to 18 months, analysts say

Walt Disney Co.’s stock fell 0.9% in premarket trade Tuesday, after Raymond James downgraded it to market perform from outperform, and said a number of headwinds, notably its park division, will keep it range-bound for the next 12 to 18 months

China must now tackle its debt crisis or face ‘malaise’, Ray Dalio says

Ray Dalio said China is now at a “fork in the road” where it must either tackle its debt problem or face a period of “economic and psychological malaise”

BlackRock’s Larry Fink says market bets on deep Fed rate cuts are ‘crazy’ given economic strength

BlackRock Inc. CEO Larry Fink says rates traders are making “crazy” bets on deep Fed rate cuts despite signs of a strong economy.

Nio’s stock keeps surging after EV maker reports new quarterly deliveries record

Stocks of Nio and other China-based EV makers extended their recent sharp gains Tuesday, after they reported record deliveries data.

Bud Light sales will be ‘permanently’ lower. Citi says buy Anheuser-Busch InBev anyway

Bud Light sales are never going to recover. And yet now is the time to buy shares of its brewer, Anheuser-Busch InBev, say analysts at Citi.

Boeing reportedly considers issuing $10 billion in new shares as strike lingers

Boeing Co.’s stock fell 2.6% early Tuesday, after a Bloomberg report that the aerospace giant is considering raising at least $10 billion by issuing new shares, as it works to bolster cash reserves that have been depleted by a strike.
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