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FedEx Earnings Upcoming, With Focus On Outlook. UPS Swings $1 Billion Deal With RXO.
RXO (RXO) stock surged early Monday after the company announced Sunday it would purchase UPS‘ (UPS) Coyote Logistics, the company’s freight-brokerage business, for slightly more than $1 billion. The deal comes just days before rival FedEx (FDX) closes the door on fiscal 2024 with fourth-quarter earnings. ↑ X NOW PLAYING With The Nasdaq Stretched, Here’s […]
Futures mixed as inflation data, presidential debate in focus
(Reuters) – U.S. index futures were mixed at the start of a week marked with a crucial inflation print and other economic data that are poised to shed further light on the monetary policy outlook, with the first U.S. presidential debate also on the watch list. The biggest event on investors’ radar for the week […]
Asian Currencies in Focus as Japan Warns on Yen: Markets Wrap
(Bloomberg) — A gauge of Asian currencies slipped for a third session, kicking off a week that includes measures of inflation that may help guide bets on the outlook for global interest rates. The yen was steady after Japan’s top currency official ratcheted up intervention rhetoric. Most Read from Bloomberg An index for the region’s […]
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Southeast SD flooding claims at least one life as focus shifts to Dakota Dunes
A flood-affected segment of Interstate 29 on June 21, 2024. (Courtesy of South Dakota Department of Transportation) Federal, state and local officials are focusing their efforts on a voluntary evacuation of Dakota Dunes and a levee construction project across Interstate 29 near McCook Lake as they continue responding to historic rainfall and flooding in southeast […]
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Evangelicals need to focus on church’s sexual abuse epidemic, not just Trump or drag queens
An epidemic of sexual abuse involving evangelical church leaders is hurting victims across the country. Even worse, churches far too often have covered up the abuse. While the evangelical church is not a monolith and all churches should not be blamed for the failures of some, there is a pattern of abuse in a number […]
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Oil prices slip as rate hike worries come into focus
By Laila Kearney (Reuters) – Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower. Brent futures for August delivery dipped 11 cents to $85.60 a barrel by 0013 GMT, while U.S. crude […]
Oil prices slip as rate hike worries come into focus
By Laila Kearney (Reuters) – Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower. Brent futures for August delivery dipped 11 cents to $85.60 a barrel by 0013 GMT, while U.S. crude […]