Category: Latest News
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Top Company News of the Day: TikTok, X, VF Corp, Microsoft
Montana Judge Says TikTok Ban ‘Likely Violates First Amendment’ The social-media app sued after the state passed a law banning TikTok to protect residents’ privacy. Elon Musk’s F-Bombs Make Linda Yaccarino’s Job at X Even Harder Musk’s outburst is “a line in the sand that can’t be undrawn,” one ad-industry insider said. VF Corp. Lays…
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Dow Jumps To Best Closing Level In Over A Year But Nasdaq Dips
After ending the previous session narrowly mixed, the major U.S. stock indexes once again moved in opposite directions during trading on Thursday. While the Dow moved sharply higher to reach its best closing level in well over a year, the tech-heavy Nasdaq finished the day in the red. The Dow jumped 520.47 points or 1.5…
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Crypto this Thursday: Robinhood Aims for British Market, MicroStrategy Expands Investment in BTC, and More
Divergent views: Bitfinex and Pereira analyze the impact of Fed policies and US GDP on Bitcoin’s future Analysts from Bitfinex and Bitget provide different perspectives on the future of Bitcoin (COIN:BTCUSD). While Bitfinex suggests that a pause in the Federal Reserve’s U.S. interest rate hikes at their December 13 meeting could attract more investments in…
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U.S. Consumer Price Growth Slowed In October
Consumer price growth in the U.S. slowed in line with economist estimates in the month of October, according to closely watched inflation readings released by the Commerce Department on Thursday. The report said the annual rate of consumer price growth decelerated to 3.0 percent in October from 3.4 percent in September. The slowdown matched expectations.…
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Inflation Data May Contribute To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move to the upside following the lackluster performance seen in the previous session. Early buying interest may be generated in reaction to a Commerce Department report showing consumer price growth in the U.S. slowed in line with…
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Federal Reserve’s Preferred Inflation Measure Indicates Cooling Trend Amidst High Interest Rates
The Federal Reserve’s preferred inflation measure showed signs of cooling last month, indicating a decrease in price pressures amidst elevated interest rates and a slowing economic growth trajectory. According to a report released by the Commerce Department on Thursday, prices remained unchanged from September to October, a notable shift from the 0.4% increase observed in…
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Applications for US Jobless Benefits Rise Modestly
Slightly more Americans filed for jobless claims last week, pushing the overall number of people in the U.S. collecting unemployment benefits to its highest level in two years. Applications for unemployment benefits rose by 7,000 to 218,000 for the week ending Nov. 25, the Labor Department reported Thursday. Jobless claim applications are seen as representative…
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Investment Insights: Expert Analyst Opinions on Blackrock, Costco, Dollar Tree, Duke Energy, Snowflake…
Blackrock: Goldman Sachs maintains its buy recommendation and raises the target price from $719 to $793. Blackstone: Goldman Sachs maintains its buy recommendation and raises the target price from $105 to $115. Costco Wholesale Corporation: Telsey Advisory Group maintains its outperform rating and raises the target price from $600 to $625. Crowdstrike Holdings: DZ Bank…
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Oil Prices Slightly Higher
Oil prices were around 1% higher ahead of OPEC+’s ministerial meeting, with a rollover of existing curbs still seen as the most likely scenario, but expectations of deeper cuts in an effort to shore up prices are growing among traders. “Clearly, this growing expectation leaves downside risk for the market if OPEC+ disappoint later today,”…
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Dollar Rebounds After Recent Losses
The dollar was higher, rebounding after recent losses, but strong upcoming activity data could be needed for it to continue rising, ING said. “U.S. activity data needs to do the heavy lifting in a dollar recovery by reviving bond bears.” Weekly jobless claims and personal spending data could be worth watching, ING said, adding that…