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Google on Wednesday unveiled a next-generation Pixel smartphones lineup that will be infused with more artificial intelligence tools capable of writing captions about photos that can also be altered by the technology. As has become common across the industry, most of the other technology in the Pixel 8 and Pixel 8 Pro phones unveiled Wednesday will be similar to what has already been available in last year’s models. One of the main selling points of the new phones will be improved cameras, including more AI-empowered editing tools that will mostly be available on the Pixel 8 Pro. That will result in the Pixel 8 selling for $700 and the Pixel 8 Pro for $1,000 when they go on sale in stores next week. Despite generally getting positive reviews, the Pixel phones have barely made a dent in a market dominated by Samsung and Apple since Google began making the devices seven years ago.

Persons: ” Rick Osterloh, Google’s, Osterloh, ”, Bard, Apple Organizations: Google, Huawei, Samsung, Apple, International Data Corp, U.S . Justice Department Locations: New York, U.S, Washington

Cars for sale are parked at used car dealerships in Singapore October 17, 2022. Including COE, registration fees and taxes, a new standard Toyota Camry Hybrid currently costs S$251,388 ($183,000) in Singapore, compared with $28,855 in the U.S. A small, government-subsidised flat in Singapore costs about S$125,000. Now Guan lives without a car, focusing on other perks that Singapore offers for his family. "As a family man, it doesn’t affect me much as Singapore still has a good and stable education system. ($1 = 1.3725 Singapore dollars)Reporting by Xinghui Kok; Editing by Miyoung Kim and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, COEs, Tan Ern Ser, Tan, Jason Guan, Guan, Xinghui Kok, Miyoung Kim, Gerry Doyle Organizations: REUTERS, Rights, Toyota Camry, Toyota Rush, COE, Singapore, Thomson Locations: Singapore, Rights SINGAPORE, U.S

☆ Fat Bear Week 2023: Check out the contestants now, start voting Wednesday
▼ + stars: | 2023-10-03 | by ( Forrest Brown | ) edition.cnn.com time to read: +5 min

Now it’s time to meet the contenders:• 32 Chunk: A large adult male with narrowly set eyes, a prominent brow ridge and a distinctive scar across his muzzle. Her claim to fame: Eight known litters, the most of any bear currently at Brooks River. • 480 Otis: He’s a medium-large adult male with a blocky muzzle and a floppy right ear. • 747 bear: The 2022 winner is a large adult male with a blocky muzzle and floppy ears. Live camThe live cam from the Brooks River at Katmai is a popular online feature.

Persons: Jimenez, Otis, Grazer, Walker, he’s, Brooks, Bucky Dent, she’s, She’s, • Organizations: CNN, &, National Park Service, Service, “ Rangers, Grazer, Otis Locations: Alaska, Washington, www.fatbearweek.org, Brooks, Brooks Falls, Katmai

A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo Acquire Licensing RightsOct 3 (Reuters) - Oil prices slipped 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals. "(Brent) crude oil prices slid to (around) $90 a barrel as rising US yields and a stronger US dollar dominated market sentiment," ANZ analysts said in a client note. Higher interest rates along with a stronger dollar also makes oil more expensive for holders of other currencies, which could dent oil demand. BMI Research analysts said "given that the global economy is slowing, the group will likely want to maintain their current cuts, while signposting the scope for further reductions, if market conditions demand it."

Persons: Alexander Manzyuk, Brent, Laura Sanicola, Trixie Yap, Shri Navaratnam, Simon Cameron, Moore Organizations: REUTERS, . West Texas, ANZ, U.S ., U.S, Reserve, BMI Research, Organization of, Petroleum, Thomson Locations: Republic of Tatarstan, Russia, Iraq, OPEC

☆ The Dow is about to give up all of its gains for 2023
▼ + stars: | 2023-10-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The Dow Jones Industrial Average is down more than 400 points Tuesday. Bond yields spiked after fresh labor data, which pointed to a still-resilient job market. AdvertisementAdvertisementAfter a strong to the year, the Dow Jones Industrial Average is on pace Tuesday to give up all of its 2023 gains. While the Dow has lagged stronger gains posted by the S&P 500 and the Nasdaq this year, the index was still up about 8% at its 2023 peak in August. The stock market's losses so far in October extend a brutal two-month stretch for investors, with September posting the worst monthly loss of 2023.

Persons: —, Quincy Krosby, Liz Ann Sonders, Charles Schwab's, Sonders Organizations: Dow Jones, Service, Nasdaq, Dow, Treasury, Labor, Survey, Fed, LPL Locations: New York

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. On its first day as the front-month, Brent futures for December delivery settled $1.49, or 1.6%, lower at $90.71 a barrel, or down about 5% from where the November contract expired on Friday. Analysts said some traders took profits after crude prices rose nearly 30% to 10-month highs in the third quarter. Higher interest rates along with a stronger dollar, which makes oil more expensive for holders of other currencies, could dent oil demand. A Reuters survey showed OPEC oil output rose for a second straight month in September despite cuts by Saudi Arabia.

Persons: Agustin Marcarian, Brent, Gelber, Edward Moya, Scott DiSavino, Paul Carsten, Yuka Obayashi, Emily Chow, Marguerita Choy, David Gregorio Our Organizations: REUTERS, U.S ., . West Texas, New York Mercantile, Intercontinental Exchanges, U.S . Commodity Futures Trading Commission, Associates, U.S, . Federal Reserve, World Bank, ING, Organization of, Petroleum, Reuters, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, U.S, Europe, Germany, Britain, China, Iraq, Saudi Arabia, OPEC, Russia, New York, London, Tokyo

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The yen eased to 149.83 per dollar, its weakest in more than 11 months, moving ever closer to the 150 mark that some traders believe could prompt intervention by Tokyo to support the currency. "If the yen breaks 150 per dollar, which I think is likely, and verbal intervention is not followed by action then we could see dollar-yen at 155." In the broader currency market, sterling was last 0.4% lower at $1.2158, having slid nearly 4% against the dollar in the third quarter. Elsewhere, the Australian dollar slid 0.6% to $0.6395, while the New Zealand dollar edged 0.4% lower to $0.5972, as traders looked ahead to rate decisions from their respective central banks this week.

Persons: Florence Lo, Dane Cekov, Shunichi Suzuki, Jarrod Kerr, Nordea's Cekov, bitcoin, Samuel Indyk, Rae Wee, Shri Navaratnam, Simon Cameron, Moore, Emelia, Alex Richardson Organizations: U.S, REUTERS, Bank of Japan, Bank of Japan's, Finance, Congress, Democratic, Australian, New Zealand, Thomson Locations: Tokyo, Britain, U.S

SAN FRANCISCO (AP) — An alternative mental health court program designed to fast-track people with untreated schizophrenia and other psychotic disorders into housing and medical care — potentially without their consent — kicked off in seven California counties, including San Francisco, on Monday. San Francisco officials said in a statement that about 10% of more than 2,500 beds are open for new people. The National Alliance on Mental Illness in California, a grassroots organization supporting people with a mental illness and their families, pushed for the new mental health program. San Francisco, Orange, San Diego, Riverside, Stanislaus, Tuolumne and Glenn counties launched the new program Monday. The rest of the state has until December 2024 to establish mental health courts.

Persons: —, Gavin Newsom, it's, ”, Michael Begert, Mark Ghaly, Tal Klement, Judge Begert, Veronica Kelley, Samuel Jain, Jessica Cruz Organizations: FRANCISCO, Democratic, CARE, Lawmakers, San Francisco, CARE ”, WHO, California, Human Services Agency, Disability Rights, National Alliance, Mental, Glenn, Los Locations: California, San Francisco, Orange County, Francisco , Orange, San Diego, Riverside, Stanislaus, Tuolumne, Los Angeles County, Los Angeles

BANGKOK (AP) — Asian shares were mostly higher in thin trading Monday with many markets closed for holidays. Japan’s Nikkei 225 index slipped after a central bank survey showed business confidence on the rise. The Bank of Japan’s “tankan” quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June. After easing earlier in the day on encouraging signals about inflation, Treasury yields got back to rising as the day progressed. Postponements of such reports could complicate things for the Fed, which has insisted it will make upcoming decisions on interest rates based on what incoming data say about the economy.

Persons: Australia's, Taiwan's Taiex, It's, it's, Brent Organizations: Japan’s Nikkei, Japan’s, Nikkei, Dow, Nasdaq, Treasury, Federal Reserve, New York Mercantile Exchange Locations: BANGKOK, China, South Korea, U.S, Tokyo, Bangkok

☆ Major tests await conservative US Supreme Court in new term
▼ + stars: | 2023-10-01 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

WASHINGTON (Reuters) - Monday marks the first day of the U.S. Supreme Court’s new term as it prepares to tackle major cases involving gun rights, the power of federal agencies, social media regulation and Republican-drawn electoral districts, and considers taking up a dispute over the availability of the abortion pill. FILE PHOTO: A police officer patrols outside the U.S. Supreme Court in Washington, U.S. June 30, 2023.? The conservative justices in multiple rulings in recent years have pared back the authority of federal agencies including the Environmental Protection Agency. A case to be argued on Nov. 7 presents the conservative justices with an opportunity to broaden gun rights even further. Circuit Court of Appeals in its ruling barred telemedicine prescriptions and shipments of mifepristone by mail.

Persons: Jim Bourg, ” “, ”, Erwin Chemerinsky, Steve Schwinn, Roe, Wade, Joe Biden’s Organizations: WASHINGTON, U.S, Supreme, Consumer Financial Protection Bureau, Securities and Exchange Commission, SEC, Chevron, University of California Berkeley Law School, Environmental Protection Agency, ” University of Illinois, South, Republican, House, Circuit, Appeals Locations: U.S ., Washington , U.S, Iowa, Chevron, ” University of Illinois Chicago, South Carolina, Texas, Florida, New Orleans

☆ After a rough third quarter, here's what to expect from technology stocks into the end of 2023
▼ + stars: | 2023-10-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

2023's surge in technology stocks fizzled in September as rising rates put a heavy dent in the artificial intelligence-fueled rally . Over the next few weeks, Deepwater Asset Management's Gene Munster is keeping an eye on September's consumer price index and nonfarm payrolls report ahead of the start of big technology earnings later in the month. "The good news is that this should right itself once the September quarter earnings come up." Sean Sun, a portfolio manager at Thornburg Investment Management, likened the earnings season to a "gut check" on AI beneficiaries. But these drawdowns could offer opportunities for long-term investors to snatch up technology bets at bargain prices, said Nancy Tengler.

Persons: what's, behemoths, Street's, Gene Munster, Erika Klauer, Sean Sun, Paul Meeks, Nancy Tengler, Meeks, Klauer Organizations: Nasdaq, Reserve, Enphase, Lucid, ASML, Netflix, Apple, Microsoft, Devices, Nvidia, Tech, Thornburg Investment Management, Laffer, Investments, ServiceNow, Adobe, Broadcom, Oracle, Meta, Jennison, AMD

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. Meanwhile, a partial government shutdown is looming, which could affect the release of economic data and potentially dent economic growth. The greenback is up 3.54% against the yen this quarter, following an 8.66% gain last quarter. Core inflation in Japan's capital slowed in September for the third straight month mainly on falling fuel costs, data showed on Friday. The British currency is on track for a quarterly loss of 3.85% against the U.S. dollar, the worst performance in a year.

Persons: Florence Lo, ”, Peter Cardillo, Brown Brothers Harriman, “ We’re, Janet Yellen, Sterling, Karen Brettell, Amanda Cooper, Stephen Culp, David Holmes, Nick Zieminski Organizations: U.S, REUTERS, Spartan Capital Securities, Federal Reserve, Brown Brothers, Republicans, U.S . House, Treasury, U.S ., Thomson Locations: New York, U.S, London

☆ How would a government shutdown affect US foreign policy?
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +3 min

Some foreign aid programs could also run out of money or have trouble performing their missions. "It would make it harder to do everything that we do to try to advance national security." Contracts awarded before the shutdown would continue, and the Pentagon could place new orders for supplies or services needed to protect national security. SPY AGENCIESThe Central Intelligence Agencies and other intelligence agencies have not publicly shared their plans for a shutdown. But in the past, staff involved in operations, analysis and cyber activities have been deemed critical to national security and ordered to keep working, possibly without pay.

Persons: Joshua Roberts, Biden, Antony Blinken, Lockheed Martin, Patricia Zengerle, Daphne Psaledakis, Mike Stone, Don Durfee, Jonathan Oatis Organizations: REUTERS, Rights, STATE DEPARTMENT U.S, Department of State, State Department, Pentagon, Boeing, Lockheed, Raytheon, National Nuclear Security Administration, Central Intelligence Agencies, Thomson Locations: Washington , U.S, Russia, Ukraine, States, China, U.S

Stocks broadly got a boost after yields in the Treasury market eased further off their highest levels in more than a decade. Yields fell after a report showed the measure of inflation that the Federal Reserve prefers to use was a smidgen cooler last month than economists expected. It charged this week to its highest level since 2007, up from 3.50% in May and just 0.50% in 2020. The latest monthly update on the U.S. jobs market is due next week, with a couple of important reports on inflation coming the following week. Big Tech stocks were helping to lead the market, as they're seen as some of the biggest beneficiaries from easier yields in the bond market.

Persons: it’s, ”, Brian Jacobsen, doesn’t bode, it's, Brent, Schlumberger, Matt Ott, Elaine Kurtenbach Organizations: Dow Jones, Nasdaq, Nike, Federal Reserve, Treasury, Annex Wealth Management, Wonder Group, Big Tech, Microsoft, Nvidia, Exxon Mobil, AP Business Locations: North America, U.S, Europe, Asia

☆ 5 things you need to know about what could be the largest health care strike in US history
▼ + stars: | 2023-09-29 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Patients pay for a membership and gain access to Kaiser Permanente’s health care services. Kaiser Permanente has 12.7 million members and operates 39 hospitals and 622 medical offices, according to its website. The strike would be the largest US health care strike in history, according to data from the Bureau of Labor Statistics. It would also be the first-ever national strike effort at Kaiser Permanente, according to John August, the director for health care labor relations at Cornell and the former executive director of the Coalition of Kaiser Permanente Unions. More workers are going on strikeA potential health care workers’ strike would be one in a long line of organized labor efforts that have occurred this year.

Persons: Kaiser Permanente, John August, “, Dania Maxwell, ”, Kaiser, Renee Saldana, they’re, Gabe Montoya, we’re, “ Kaiser, We’ve, UHW, you’re Organizations: Los Angeles CNN, Kaiser Permanente, Washington DC, Kaiser, Bureau of Labor Statistics, Cornell, Coalition, Kaiser Permanente Unions, Service Employees International Union, United Healthcare Workers West, SEIU, Permanente, CNN, Kaiser Permanente Los Angeles Medical Center, Los Angeles Times, “ Workers, ” Employees, “ Kaiser Permanente, Cornell University’s School of Industrial and Labor Relations, United Auto Workers, Ford, General Motors, ’ Guild of America Locations: Kaiser, California , Colorado , Oregon, Washington , Virginia, Washington, ”, Hollywood, Los Angeles , CA, Downey , California, United States, Los Angeles

☆ Cellnex’s Nordic towers sale is a good omen
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 29 (Reuters Breakingviews) - Marco Patuano is starting with a small but firm step. After years of M&A-fuelled expansion, the new CEO wants to return Cellnex to investment grade and focus on organic growth and efficiency. Cellnex shares shot up 4% Friday, adding 1 billion euros to the group’s market capitalisation. If Patuano can keep finding buyers for his assets, he may soon return his company to investment grade. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Marco Patuano, Patuano, Pierre Briancon, Lisa Jucca, Streisand Neto Organizations: Reuters, X, Thomson Locations: Italian

☆ I Paid for My Dream Honeymoon With Credit Card Points—Here’s How I Did It
▼ + stars: | 2023-09-28 | by ( Emily Sherman | ) www.wsj.com time to read: +6 min

Our first year of dating, we took a spontaneous trip to Iceland paid for with points from a Chase Sapphire Preferred card (his) and Capital One Venture X Rewards Credit Card (mine). Capital One Venture X Rewards Credit Card Learn More Base rewards rate: 2xBonus rewards: 10x on hotels and rental cars, plus 5x on flights, if booked through Capital One; 10,000-mile annual bonus. After researching a number of hotel-branded cards, the $99 a year IHG One Rewards Premier Credit Card emerged as the best fit for this trip. Sign-up bonus: 140,000 bonus points after you spend $3,000 in the first three months. With a few weeks to go before the big day, I’m excited to say our trip is booked and paid for almost entirely with credit card points.

Persons: Emily Sherman, I’ve Organizations: Texas Capitol, Chase Sapphire, Venture, Air Tahiti, Intercontinental Tahiti Locations: Texas, Iceland, Austin , Texas, Maldives, Polynesia, IHG

☆ Analysis: A messy government shutdown is the last thing the economy needs
▼ + stars: | 2023-09-28 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Against this precarious backdrop, Washington is on the verge of a messy shutdown of the federal government. A shutdown probably won’t wreck the economy, especially if it’s short. And if it a shutdown lasts long enough, it could, along with these other headwinds, do some real damage. The US Travel Association estimates the domestic travel economy would lose as much as $140 million a day from a government shutdown. “Uncertainty regarding federal operations will likely persist for the next few months.”Given all the other obstacles facing the economy, chaos in Washington is the last thing the economy needs.

Persons: New York CNN —, ”, Greg Valliere, Joe Brusuelas, Goldman Sachs, —, Uncle Sam, Mark Zandi, don’t, ” Zandi, AGF’s, “, ” Moody’s Organizations: New, New York CNN, UAW, Big Three, Federal, Federal Reserve, AGF Investments, RSM, American Federation of Government Employees, TSA, US Travel Association, Companies, Moody’s, AAA, Goldman Locations: New York, Washington, United States

☆ Meagan Loyst, the founder of Gen Z VCs, asked her social media followers for the one thing they would change about venture capital. Here's what they told her.
▼ + stars: | 2023-09-28 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Loyst founded Gen Z VCs, a community of over 25,000 young investors, founders and operators. A plurality of young investors and founders said they wanted venture capital to be more accessible. AdvertisementAdvertisementFor newcomers, the clubby world of venture capital can often seem like a black box. AdvertisementAdvertisementAccording to her poll, 45% of respondents said they wished the venture capital industry was "more accessible" to newcomers. AdvertisementAdvertisementLoyst's survey responses are reflective of how many young investors and founders feel shut out of the venture capital industry today, which could potentially get worse during the venture capital downturn.

Persons: Loyst, Z, —, Meagan Loyst, Hippeau Organizations: Service, Black Venture, Venture, Sequoia, Forbes, Oxford University

☆ The U.S. is nearing a government shutdown. What that means for stocks and how we're playing it
▼ + stars: | 2023-09-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The U.S. is just days from a federal government shutdown at 12:01 a.m. Goldman Sachs put the chances of a shutdown at 90%, saying it could last around two to three weeks. "In the seemingly unlikely event Congress passes a short-term extension, we would still expect a shutdown sometime later in Q4," which begins on Monday. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Morgan Stanley, Raymond James, Ed Mills, Jim Cramer, Jerome Powell, What's, Moody's, It's, Goldman Sachs, we've, Jim Cramer's, Jim, Brendan SMIALOWSKI, BRENDAN SMIALOWSKI, Brendan Smialowski Organizations: Capitol, United Auto Workers, General Motors, Chrysler, Ford, Reserve, Fed, Social Security, AAA, Jim Cramer's Charitable, CNBC, Republican, Getty, Afp Locations: Central, U.S, Washington ,, AFP

TOKYO (AP) — Shares in Asia were mostly higher on Wednesday, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June. That pushed the Fed last week to say it will likely cut interest rates by less next year than earlier expected. Besides high interest rates, a long list of other worries is also tugging at Wall Street. On Wall Street, the vast majority of stocks fell Tuesday under such pressures, including 90% of those within the S&P 500. Big Tech stocks tend to be among the hardest hit by high rates, and they were the heaviest weights on the index.

Persons: shrugging, Hui Ka Yan, Australia's, ” Stephen Innes, Brent Organizations: TOKYO, Tokyo's Nikkei, Hang Seng, Bloomberg, Garden Holdings, Dow Jones, Nasdaq, Federal Reserve, Treasury, Fed, U.S, Management, Big Tech, Apple, Microsoft, Federal Trade Commission Locations: Asia, Hong Kong, Shanghai, China, Seoul, Maryland, Carolinas

A credit score under these thresholds is also called a sub-prime credit score, which means that creditors might think twice when reviewing your application for a credit line. However, a combination of serious negative marks on your credit score may seriously hurt your credit score, putting you on the lower end of the score range. While one credit check on your credit report may dent your credit score by a few points, several of these in a short period of time will significantly hurt your credit score. While one credit check on your credit report may dent your credit score by a few points, several of these in a short period of time will significantly hurt your credit score. Lowest credit score frequently asked questionsWhat is the lowest credit score to buy a house?

Persons: VantageScore, aren't, you'll, Enoch Omololu, Erik Beguin, Kendall Meade Organizations: Self, New Canadians, Austin Capital Bank Locations: annualcreditreport.com, Chevron

☆ Bill Gates declared it's 'complete nonsense' to think planting trees will solve climate change. 'Pro-tree' Salesforce CEO Marc Benioff accused him of going on a 'tirade.'
▼ + stars: | 2023-09-27 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Bill Gates recently said that planting trees to address climate change is a "less proven" approach. Salesforce CEO Marc Benioff took offense, saying Gates went on an unnecessary "tirade." Salesforce CEO Marc Benioff, who has put $300 million toward planting trees to address climate change, took offense. "The one that we directly have in the most actionable form is more trees," Benioff said. While planting trees can help make a dent in the climate crisis and protecting existing forests is important, studies indicate that it's not enough to singularly solve climate change.

Persons: Bill Gates, Marc Benioff, Gates, Benioff, David Gelles, Gelles, He's, Elon Musk, Tesla Organizations: Service, New York Times, New, Elon Locations: New York

☆ Dollar at 10-month top as US yields spike; yen slides
▼ + stars: | 2023-09-26 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSINGAPORE, Sept 26 (Reuters) - The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention danger zone. "Few currencies will resist the bullish dollar macro resiliency theme and the euro and Chinese yuan look more vulnerable than most." The yen has slowly but inexorably slid toward the 150-per-dollar mark as policymakers stuck with ultra-easy settings. The yen hit 148.97 to the dollar on Monday and last traded at 148.72.

Persons: Dado Ruvic, Sterling, Jane Foley, Tom Westbrook, Jamie Freed Organizations: REUTERS, Rights, Treasury, U.S, Australia's Westpac, Swiss, Traders, Bank of Japan, Thomson Locations: Rights SINGAPORE, Europe, Asia, U.S, Tokyo

☆ Three stocks to play as student loan repayment slashes borrowers’ budgets, Jefferies says
▼ + stars: | 2023-09-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Federal student loan payments are coming back in October and a trio of stocks are set to shine as borrowers cut their spending, according to Jefferies. Payments on federal student loans had been paused since March 2020 as part of a package of Covid-era relief measures. A recent poll of about 630 U.S. consumers with student loan debt found that the majority expect to pay $500 or less each month, Jefferies found. Walmart beat Wall Street's estimates for sales and earnings in its fiscal second quarter and hiked its full-year earnings forecast. Shares have popped 21% this year, leaving analysts to only see 3% further upside from here, according to LSEG.

Persons: Jefferies, That's, Randal Konik, WMT, — CNBC's Michael Bloom Organizations: Jefferies, Walmart, Wall, Costco Locations: Maxx, HomeGoods, Sierra

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