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Futures on the Dow and broader U.S. stock market advanced in overnight trading Tuesday after a closely-watched report of China’s economic output improved slightly in September, alleviating fears of a more protracted downturn in the world’s second-largest economy. Dow Futures Rise; S&P 500, Nasdaq Follow Futures contracts on all three major U.S. indexes rose during the […]
General Electric (GE) has decided to freeze its pension plan, removing two of the key features that have come to be associated with retirement savings – secure and guaranteed – for tens of thousands of employees. GE isn’t the first company to pull the plug, but as one of the oldest traditional companies in corporate […]
Only so much knowledge can be gleaned from preseason NBA action. But annual outliers to the significance of early-October basketball exist, and New Orleans Pelicans rookie Zion Williamson is the biggest one in recent memory. Every waking moment of his unofficial introduction to the league will be watched, dissected, and fawned over by analysts and […]
A law firm based out of Quebec, Canada, is spearheading a class-action lawsuit against Fortnite on the basis that developer Epic Games masterminded an addictive game designed to tap into the malleable minds of young players to get them addicted to the game. Claiming that Epic Games purposefully made Fortnite addictive is akin to blaming […]
Tom Steyer is a billionaire hedge fund manager who got his start at Morgan Stanley and Goldman Sachs before starting Farallon Capital in 1986. He became a top campaign contribution bundler for Democratic candidates like Barack Obama. In 2014, he poured $74 million of his own money into the midterm elections. Now he’s running for […]