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  Reuters

  CVS to shed 5,000 jobs in cost-cutting push - WSJ

  In an emailed response to Reuters, CVS confirmed the company was laying off some non-customer facing employees to cut costs, but did not comment on the number of employees affected. The pharmacy chain had about 300,000 employees in the U.S. at the end of last year. The Woonsocket, Rhode Island-based company will be cutting down on travel expenses as well as its use of consultants and vendors, according to the WSJ report.

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  Bloomberg

  Crypto Market Unnerved by DeFi Exchange Curve’s Sinking CRV Token

  (Bloomberg) -- A tumble in the native token of key decentralized cryptocurrency exchange Curve Finance sapped sentiment toward digital assets on concern that the episode could lead to wider turbulence.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationMyanmar Junta Pardons Aung San Suu Kyi on Some ChargesLots of US Homeowners Want to Move. T

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  Benzinga

  Young, Rich Americans Don't Trust the Stock Market, So They're Turning to Alternative Assets to Amplify Their Wealth

  A fresh wave of investors is veering away from the tried-and-true stocks and bonds, opting to venture into alternative assets. Gen Z and wealthy young investors are increasingly drawn to alternative investments rather than conventional choices. Based on a survey conducted by Lansons, it was found that less than 10% of the entire American population has invested in alternative assets. However, among the younger generations, there is a more significant interest in alternative investments, with 30%

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  TipRanks

  Billionaire Mark Mobius Says Emerging Market Stocks Are the Place to Be Right Now; Here Are 2 Names That Analysts Like

  Since the end of the Second World War, the US has been the 800-pound gorilla of the world economy – the largest in monetary terms, the largest producer, the largest innovator, the largest financial market. That dominance has been challenged in the last couple of decades, with the rise of China to become the world’s second-largest economy, the expansion of Taiwan’s semiconductor chip industry to global leadership, the ingenuity of South Korean tech firms – especially in AI, and the expansion of I

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  Reuters

  Billionaire Kretinsky in talks to buy Atos unit in $2.2 billion deal

  PARIS (Reuters) -Czech billionaire Daniel Kretinsky is in talks to buy Atos's loss-making legacy operations in a 2 billion-euro ($2.20 billion) deal that will refocus the struggling French company on its cybersecurity and cloud assets, and cut its debt. Kretinsky, who made his fortune in the energy sector, is expanding his vast empire in Europe and has been on a buying spree in France, setting his eyes on assets ranging from French retailer Casino to Vivendi's publishing group Editis. A sale of the Tech Foundations business, which offers infrastructure management services, would end Atos's initial turnaround plan to split the group into two listed entities.