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IMF sounds alarm about high global public debt, urges countries to build buffers

By Andrea Shalal WASHINGTON (Reuters) -Global public debt is projected to rise above 100% of gross domestic product by 2029, reaching its highest level since 1948 and continuing to climb, the IMF said on Wednesday, urging countries to build up ...
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Wall St set for higher open after strong bank earnings, chip stocks rally

By Sukriti Gupta and Twesha Dikshit (Reuters) -Wall Street’s main indexes were set to open higher on Wednesday after solid results from Bank of America and Morgan Stanley, while chipmakers climbed as ASML reported strong quarterly results. Bank of America and ...
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US investment boom is sustainable, Bessent says

Washington (Reuters) -The wave of investment into the U.S. economy is sustainable and is only getting started, but the federal government shutdown is increasingly an impediment, U.S. Treasury Secretary Scott Bessent said on Wednesday. “There is pent-up demand, but then ...
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UN agency says C02 levels hit record high last year, causing more extreme weather

GENEVA (AP) — Heat-trapping carbon dioxide levels in the atmosphere jumped by the highest amount on record last year, soaring to a level not seen in human civilization and “turbo-charging” the Earth’s climate and causing more extreme weather, the ...
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The Latest: Supreme Court set to hear arguments over the Voting Rights Act

The U.S. Supreme Court will hear arguments Wednesday over a core provision of the Voting Rights Act that is designed to protect racial minorities. Lawyers for Louisiana and the Trump administration will try to persuade the justices to wipe away ...
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Morgan Stanley’s profit beats estimates on boost from dealmaking, stock trading

(Reuters) -Morgan Stanley’s third-quarter profit beat market expectations as investment bankers brought in more fees from advising on deals and by underwriting stock and debt sales, lifting revenue to a record. Shares of the bank rose 3.9% in premarket ...
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New York confirms 1st locally acquired case of chikungunya virus in 6 years in US

(NASSUA COUNTY, N.Y.) -- The New York State Department of Health has confirmed a case of locally acquired chikungunya on Long Island, marking the first case of the virus reported to be locally acquired in New York and the ...
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US regional lender PNC’s profit jumps on higher interest income, fees

(Reuters) -PNC Financial reported a more than 21% rise in third-quarter profit on Wednesday, driven by higher interest income and across-the-board jump in fees. The results underscored borrower resilience across the U.S. and a rebound in dealmaking from April’s tariff-driven ...
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How Promote Giving, a new investment model, will raise millions for charities

The first foreign trip Joel Holsinger took in 2019 after joining the board of directors at the global health nonprofit PATH convinced him that he needed to do more to raise money for charities. The investment manager, who is now ...
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Indonesia finds traces of radioactive element at clove farm

JAKARTA, Indonesia (AP) — Indonesia detected traces of radioactive cesium 137 at a clove plantation as it searches for the source of radioactive contamination that forced recalls of shrimp and spices exported to the U.S., a task force investigating ...
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Health Rounds: Scientists change kidney blood type, a potential advance for transplant recipients

(This is an excerpt of the Health Rounds newsletter, where we present latest medical studies on Tuesdays and Thursdays.) By Nancy Lapid (Reuters) -Researchers have converted a blood type A kidney to a blood type O kidney and successfully transplanted ...
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Abbott misses revenue expectations on weak demand for diagnostic devices

(Reuters) -Abbott’s quarterly revenue fell short of analysts’ expectations on Wednesday, as weakness in its diagnostics and nutritional businesses failed to offset strong demand for its medical devices. Shares of the company dropped nearly 3% premarket following the results. Abbott’s total ...
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