Stocks Rise on Rate Cut Hopes; Apple Sued Over iPhone Sales; WeWork Founder Bids for Company; Boeing Leadership Shakeup; Oil Prices Ease From Highs
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U.S. stock futures traded higher Tuesday, continuing recent positive sentiment amid confidence upcoming Fed rate cuts will boost the economy.
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Apple faces new consumer lawsuits in the U.S. accusing it of monopolizing the smartphone market, while it also battles falling iPhone sales in China.
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Adam Neumann has reportedly submitted a bid of over $500 million to buy back WeWork, the office-sharing firm he co-founded and was ousted from.
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Boeing has started the search for a new CEO after announcing its current CEO, commercial airplanes chief and chairman will leave by year's end.
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Oil prices edged lower Tuesday, handing back some gains, but remained near 4-month highs amid concerns over tightening global supply conditions.