Stocks Rally as Tech Leads Broad Market Rebound
Global market rally kicks off a busy week of earnings with the S&P 500 up 2.6 percent, Dow up 1.9 percent, and Nasdaq up 3.4 percent. Apple gains 2.9 percent and Google parent up 3.7 percent as yields ease from multi year highs. Banks report mixed results with Bank of America posting $7.08 billion in Q3 earnings and substantial loan loss reserves amid recession fears.
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Tom Martin
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Associated Press
U S Businesses Push to Hide Trade Data Citing Abuse Risks
A CBP advisory panel of 20 firms including Walmart GM and Intel proposes keeping vessel manifests confidential to curb data access. Critics say shielding data hinders journalists and researchers tracing forced labor in global supply chains, while CBP cites a First Century Customs Framework aiming to boost visibility and ethical sourcing.
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Human Trafficking Legal Center
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International Labor Organization
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University of British Columbia
Los Angeles
Credit Suisse settles for 495 million over MBS disputes
New Jersey AG announces a 495 million settlement with Credit Suisse over mortgage backed securities tied to the 2008 crisis. The state filed a 2013 suit seeking more than 3 billion in damages, and the agreement settles another regulator claim as the bank faces several past troubles and leadership changes. Also notes Gates Foundation pledges 1.2 billion to polio eradication through 2026, targeting Pakistan and Afghanistan, with total giving near 5 billion to date.
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Credit Suisse
U.S
New Jersey
Lyndsay Ruotolo
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Thomas Gottstein
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