Category: Latest News
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U.S. Consumer Prices Up More Than Expected In January
Consumer prices in the U.S. increased by more than expected in the month of January, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index advanced by 0.5 percent in January after climbing by 0.4 percent in December. Economists had expected consumer prices to rise by…
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Hotter Than Expected Inflation Data May Trigger Sell-Off On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Wednesday, with stocks likely to come under pressure after ending yesterday’s choppy trading session narrowly mixed. The futures plunged following the release of a closely watched Labor Department report showing consumer prices in the U.S. increased by more than expected in…
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U.S. Stocks Finish Choppy Trading Day Narrowly Mixed
Following the rebound seen during Monday’s session, stocks fluctuated over the course of the trading day on Tuesday. The major averages swung back and forth across the unchanged line as the day progressed before eventually closing narrowly mixed. While the Nasdaq fell 70.41 points or 0.4 percent to 19,643.86, the S&P 500 (SPI:SP500) crept up…
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Ford CEO Complains About ‘Cost and Chaos’ of Trump Tariffs
The CEO of automaker Ford Motor (NYSE:F), Jim Farley, has said that U.S. President Trumps tariffs have added “a lot of cost and a lot of chaos,” although he said that he believes the president’s aim is to strengthen the American auto industry overall. The company is looking at areas where it can build up…
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Coca-Cola Shares Fizz Up As Fourth-quarter Income Beats Estimates
Coca-Cola’s (NYSE:KP) fourth-quarter income exceeded estimates, thanks to an unexpected rise in volumes. Shares in the drinks group rose over 3% in early trading on Tuesday. The company has been rolling out slimmer 12-ounce cans in the U.S. to try and boost sales, in reaction to cost-conscious shoppers being much more caution recently around their…
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U.S. Stocks May See Early Weakness, Powell Testimony In Focus
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside after turning in a strong performance in the previous session. Lingering concerns about a global trade war may weigh on Wall Street after President Donald Trump officially announced tariffs on U.S. steel…
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McDonald’s Shares Jump As Fourth-quarter Comparable Sales Exceed Estimates
Fast food giant McDonald (NYSE:MCD) saw its shares rise 4.9% on Monday after its results showed comparable sales topped average analysts estimates for the fourth quarter. The company’s international licensed markets business was boosted by strength in the Middle East and Japan. In the quarter ending December 31, global sales increased by 0.4%. This was…
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ChatGPT CEO Rejects Elon Musk-led $97bn Bid
A consortium of investors led by Elon Musk offered $97 billion to take over OpenAI, the maker of ChatGPT, but the offer was rebuffed but CEO Sam Altman. Musk’s attorney, Marc Toberoff, confirm he had submitted a bid to its board for “all assets” of the tech company on Monday. In response, Altman posted on…
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U.S. Stocks Shrug Off Latest Tariff Threats, Close Mostly Higher
After moving mostly higher early in the session, stocks continue to turn in a strong performance throughout the trading day on Monday. With the upward move, the major averages partly offset the steep losses posted last Friday. The major averages moved roughly sideways in afternoon trading, hovering in positive territory. The Nasdaq jumped 190.87 points…
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U.S. Steel and Aluminum Company Shares Rise On Trump’s Tariffs
U.S. President Trump’s announcement on Monday morning that he plans to impost new 25% tariffs on steel and aluminum imports have boosted shares of U.S. producers, but shares of producers overseas fell as traders worried about reduced demand and disrupted flows. American Iron and Steel Institute data shows that Canada is the dominant supplier of…