United States

Walmart, CVS, Walgreens ordered to pay $650m over opioid sales | Drugs News

A US federal judge awarded $650m in damages Wednesday to two Ohio counties that won a landmark in lawsuit against national pharmacy chains CVS, Walgreens and Walmart, claiming the way they distributed opioids to customers caused severe harm to communities. United States District Judge Dan Polster said in the ruling that the money will be …

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Stock futures slightly lower after Dow snaps five-day winning streak

Stock market futures were slightly lower early Thursday morning after the Dow snapped a five-day winning streak and the recent rally fades. Futures contracts tied to the Dow Jones Industrial Average were 69 points lower. S&P 500 futures were down 0.29% while the Nasdaq 100 futures fell 0.4%. During regular trading the Dow fell roughly …

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Treasury yields rise as markets await Fed meeting minutes

US Treasury yields rose Wednesday on weaker demand for fixed income assets as investors await the release of the Federal Reserve’s minutes from its July meeting. The yield on the benchmark 10-year Treasury note rose just over 4 basis points to 2.869%, while the yield on the 30-year Treasury bond traded up 2 basis points …

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Bear market bottom or false dawn? Here’s what one strategist says

Major US indexes kept up their second-half bounce with another solid week of gains last week — sparking hope that the bear market might be at an end. But strategist Victoria Fernandez is not calling the bottom yet, as she continues to monitor several key indicators for signs that the market has bottomed. “We are …

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Hot ZIP Codes | Cary, Durham named among hottest ZIPs in America

Two Triangle places are scoring high marks in a new ranking for hottest ZIP Codes in the United States. Cary was ranked No. 11 and Durham came in at No. 30 in Realtor.com’s annual list. The report noted that the latest median price in Cary is $442,000, slightly more than Raleigh’s. Stephanie Jabusch bought her …

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Stock futures TK after Walmart, Home Depot help build on recent rally

Traders work during the opening bell at the New York Stock Exchange (NYSE) on Wall Street in New York City on August 16, 2022. Angela Weiss | AFP | Getty Images Stock futures were little changed Tuesday evening after two of the country’s big box chains, Walmart and Home Depot, pushed the Dow and S&P …

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Starbucks accuses US labor officials of helping workers unionise | Workers’ Rights News

The coffee giant is asking the National Labor Relations Board to temporarily suspend all union elections at US stores. Starbucks is appealing to the US National Labor Relations Board (NLRB) to temporarily suspend all union elections at its United States stores after accusing the agency of interfering with and influencing election results at some of …

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The market is rallying. Maybe it’s down to panic buying

What does the market need to keep going up? It needs signs inflation is moderating and that the consumer is holding up. It got some modestly good news today on the consumer front from Walmart and Home Depot. But the data is really choppy. The economic data yesterday — both in the US and China …

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Least affordable housing markets in the US

There seems to be some cooling off in the housing market. But that doesn’t mean homes are becoming more affordable everywhere. According to RealtyHop’s housing affordability index, many cities in the US are still difficult to afford. Out of the 100 cities in the index, the average American would have to dedicate at least 40% …

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Bond yields are flat as traders look ahead to big data releases

Bond yields were flat Tuesday as markets looked ahead to new data on housing, manufacturing and retail sales. The yield on the benchmark 10-year Treasury note was up less than 1 basis point at 2.797%, and the yield on the 30-year Treasury bond fell marginally to 3.096%. The yield on the shorter-term 2-year Treasury note …

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