Funding & Business
Asian Stocks Set for Muted Start, Oil Declines: Markets Wrap

Asian stocks were set for a cautious open ahead of key economic data and a looming deadline on the potential extension of US tariffs on Chinese exports.
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Funding & Business
US Services Activity Expands on Acceleration in Orders

The Institute for Supply Management’s index of services rose 1.9 points to 52. The figure topped all but one estimate in a Bloomberg survey of economists. Mike McKee reports on “Bloomberg Open Interest.”
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Funding & Business
US Stocks Climb as Soft Jobs Data Pressures Yields, Helps Tech

US stocks opened slightly in the green on Thursday as data signaled a softening labor market, supporting interest-rate cuts. Tech stocks climbed, even after a string of disappointing earnings, with yields on 10-year Treasuries falling to the lowest since early May.
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Funding & Business
Citi Hands BlackRock $80B Assets in Wealth Deal

Citigroup is entrusting BlackRock with tens and billions of dollars of clients’ investments in a move that will outsource more of its wealth unit’s offerings. Citi doesn’t have an in-house asset management platform and is now doubling down on the advisory side of its business, reports Bloomberg’s Todd Gillespie. (Source: Bloomberg)
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