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Fitch says no rating fallout for CommonSpirit over cyberattack
A ransomware attack on CommonSpirit Health may cause operational headaches but it doesn’t pose a near-term threat to the nation’s largest not-for-profit healthcare system’s A-minus rating, Fitch Ratings said. The cyberattack also didn’t get in the way of the system’s Tuesday pricing of $1.3 billion of new money and refunding paper. The system added disclosure…
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Truss government in disarray as home secretary Braverman quits
Liz Truss’s UK government was plunged into complete disarray on Wednesday as Suella Braverman was forced to quit as home secretary and party discipline collapsed in the House of Commons. Many Tory MPs said the government was dying, as recriminations flew over Braverman’s ousting and Tory MPs openly rebelled over the government’s plans to resume…
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Multi-billion-dollar new-issue day offers distraction
Municipals were little changed Tuesday amid a multi-billion-dollar large new-issue day with various credit offerings, while U.S. Treasuries improved slightly and equities ended up. Triple-A curves were a touch firmer in spots as secondary trading took a backseat to the larger primary activity with Connecticut general obligation bonds, CommonSpirit healthcare and several competitive issues led…
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Activist investor Starboard reveals stake in Salesforce, sees significant opportunity
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc. Brendan McDermid | Reuters Starboard Value has taken a stake in Salesforce, with founder Jeff Smith saying a significant opportunity remains in the enterprise software maker, according to CNBC’s David Faber.…
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Stocks making the biggest moves midday: Hasbro, Salesforce, Carnival, Lockheed Martin & more
In this article AMZN LMT GS HAS Follow your favorite stocksCREATE FREE ACCOUNT Hasbro Inc. toys from based on “Marvel’s The Avengers” movie sit on the shelf at a Target Corp. store in Union, New Jersey, U.S., on Wednesday, Aug. 22, 2012. Bloomberg | Bloomberg | Getty Images Check out the companies making headlines in…
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Price analysis 10/17: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
The United States equities markets have made a bullish start to the new week. The S&P 500 is up about 2.60% and the Nasdaq Composite has rallied more than 3%. This indicates that the markets have shrugged off September’s high inflation reading and shifted focus onto the third-quarter earnings. The stock market’s recovery could pave…
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The Most Expensive Listing In Santa Fe Hits The Market
A hilltop compound just north of the center of Santa Fe is a private retreat newly on the market. Offered for $28 million by Tim Van Camp and John Rigatti of Sotheby’s International Realty – Santa Fe Brokerage, Vida Encantada is a rare property in this desirable New Mexico city. A vast kitchen is just…
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Homebuilder sentiment drops to half of what it was six months ago
Homebuilder sentiment in the single-family home market has fallen to half what it was just six months ago as mortgage rates climb, according to a new report. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which is designed to gauge market conditions, fell 8 points to 38 in October from the…
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Indian Commerce Giant Flipkart Will Allow Customers to Purchase Items in the Metaverse
Flipkart, the Walmart-backed Indian e-commerce giant, has launched a pilot to allow its customers to experience making purchases in a metaverse environment. The company announced the launch of its own metaverse, called Flipverse, in which several brands will be able to offer their own shopping experiences. Flipkart to Launch Flipverse: A Metaverse of Purchases Flipkart,…
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States push back on proposal to set greenhouse gas reduction targets
States and localities would be required to implement greenhouse gas emissions performance measures under a proposed federal rule that’s sparked opposition from issuer groups and Republican senators. The proposed rule from the Federal Highway Administration would require state departments of transportation and metropolitan planning organizations to establish greenhouse gas emissions targets and develop a method…
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Hunt calls for spending cuts as doubt cast on pensions ‘triple lock’
Jeremy Hunt, the UK’s new chancellor, has called on his cabinet colleagues to cut spending across their departments as the government cast doubt on the future of the UK’s pensions “triple lock”. Hunt urged ministers to find savings at a cabinet meeting on Tuesday, as he grappled with a budget shortfall that remains approximately £40bn,…
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Munis improve to start week; increased supply to test market
Munis were slightly better to kick off the week, while U.S. Treasuries were firmer 10 years and in and equities rallied. Municipal triple-A yields fell one to three basis points Monday while UST saw the 10- and 30-year end the session just above 4%. “Municipal bond yields decoupled from the Treasury market last week, ending basically…
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Ripple wants to bring Ethereum smart contracts to the XRP Ledger
Ripple users may be able to interact with Ethereum-compatible decentralized applications (DApps) in the future following the launch of a test phase of Ripple’s new XRP Ledger sidechain. The launch of the sidechain was shared in a Tweet by blockchain development firm Peersyst Technologies on Oct. 17, noting that the new sidechain is compatible with…
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Stocks making the biggest moves midday: Roblox, Continental Resources, Fox Corp and more
In this article SBNY BK BAC ZS OKTA PDD MELI GS CS CSG.N-CH CONX DISH NOVA SPWR NET KR SPLK BP BP.-GB LFG NFLX NWSA CLR FOXA AAPL RBLX Follow your favorite stocksCREATE FREE ACCOUNT Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves midday: Roblox…
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Mulling Office Amenities That Make Employees Want To Return
One of the commercial real estate maxims of the last year holds smart employers are now or soon will be trading in more office space for less but higher-quality office space. With some hybrid work likely to hang around permanently, employers will need less square footage than they did pre-pandemic. What will they do with…
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Texas university systems’ endowment caught in Permian Basin pollution battle
Top Texas officials are pushing back against a potential crackdown by the U.S. Environmental Protection Agency on pollution in an oil and natural gas production region that generates revenue for an endowment that supports billions of dollars of debt issued by the state’s biggest public university systems. With the federal agency proposing to designate parts…
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Hunt rips up Truss economic policy in bid to calm markets
Jeremy Hunt, the new UK chancellor, on Monday ripped up Liz Truss’s economic policy, in a move that reassured markets but left the prime minister’s future hanging by a thread. Hunt scrapped two-thirds of the controversial £45bn of unfunded tax cuts announced by his predecessor Kwasi Kwarteng and warned of “eye-wateringly difficult” decisions still to…
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CommonSpirit readies $1.5 billion deal after upgrade, cyberattack
CommonSpirit Health added disclosure of a ransomware attack to its offering statements this week as the nation’s largest not-for-profit system prepares to enter the market with a $1.5 billion transaction, underscoring the acute threats posed to borrowers across the municipal spectrum. The Chicago-based Catholic system created through the 2019 merger of Catholic Health Initiatives and…
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Top Wall Street analysts say buy these stocks to protect against market uncertainty
In this article QCOM META PZZA CHEF DHT Follow your favorite stocksCREATE FREE ACCOUNT Source: Papa Johns Investors white-knuckled their way through last week as the major averages swung sharply, fueled by key inflation reports. On Thursday, the Dow Jones Industrial Average leapt 1,500 points from its low of the session to the highest point…
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Stocks making the biggest moves premarket: Delta, Walgreens, Applied Materials and others
In this article DAL WBA AMAT VSCO Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Delta Air Lines (DAL) – The airline’s stock rose 3.9% in the premarket on the strength of an upbeat current-quarter forecast as travel demand continues to rebound. For its most recent quarter, Delta…
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