ADVFN US – Market Content Editor
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Top Company News of the Day: Berkshire Hathaway, Toyota, Amazon, GM
Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J, P&G Berkshire’s stock portfolio is concentrated in five companies: Apple, Bank of America, American Express, Coca-Cola and Chevron. New Toyota Camry to Be Sold Only as Hybrid In redesigning the popular midsize car, Toyota is ditching a gas-only version as it works to expand hybrid options…
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Tamer Than Expected Inflation Data Ignites Rally On Wall Street
With tamer than expected inflation data generating considerable buying interest, stocks showed a substantial move to the upside during trading on Tuesday. The major averages all moved sharply higher after ending Monday’s trading narrowly mixed. The major averages pulled back off their highs of the session going into the close but still posted strong gains.…
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Crypto this Tuesday: MOON Soars, Disney Reinvents NFTs with Dapper Labs, and More
Crypto market reaction to the slowdown of inflation in October The latest data indicates an unexpected drop in the annual US inflation rate in October. Contrary to expectations of 3.3%, inflation came in at 3.2%, showing a reduction compared to September’s 3.7%. Similarly, core inflation, excluding volatile food and energy prices, reached 4%, below the…
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Tamer Than Expected Inflation Data May Lead To Initial Surge On Wall Street
US Market The major U.S. index futures are currently pointing to a sharply higher open on Tuesday, with stocks likely to show a strong move to the upside after ending the previous session narrowly mixed. The futures surged following the release of the Labor Department’s highly anticipated report on consumer price inflation in the month…
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CPI Unchanged in October
Consumer prices in the US were unchanged in October, after rising 0.4 percent in September and compared with market expectations of a 0.1 percent increase. The index for shelter continued to rise in October, offsetting a decline in the gasoline index and resulting in the seasonally adjusted index being unchanged over the month. The energy…
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North American Morning Briefing: Caution Dominates Ahead of CPI Print
Market Wraps Watch For: NFIB Index of Small Business Optimism; CPI; Real Earnings; Fed speakers include Thomas Barkin, Michael Barr, Austan Goolsbee; Home Depot earnings Today’s Headlines/Must Reads – Climate Change’s $150 Billion Hit to the U.S. Economy – ICBC Hackers Used Methods Previously Flagged by U.S. Authorities – China’s Economy Is Sending Mixed Signals.…
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Tuesday’s Wall Street Highlights: Teck Resources, Starbucks, Nvidia, Fisker, Home Depot, and more
In Tuesday’s pre-market trading, U.S. index futures are showing positive performance. Investors worldwide are carefully analyzing quarterly earnings reports, as well as significant economic indicators from Europe. Concurrently, there is growing anticipation for the release of U.S. inflation data for October. It is estimated that these figures will indicate a slowing trend in inflation compared…
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US Futures Mixed, European Stocks Mostly Flat as Markets Eye US Inflation
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. ProSiebenSat.1 Media rose 11% and Proximus added 7%. On the other hand, Orpea…
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Top Company News of the Day: Teck Resources, ICBC, AstraZeneca, Fisker
Teck Resources Nears Deal to Sell Coal Business to Glencore The companies are said to be in advanced talks on a deal that would value the coal assets at close to $10 billion. ICBC Hackers Used Methods Previously Flagged by U.S. Authorities The attack stemmed from Lockbit 3.0 ransomware and two tactics targeting the users…
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U.S. Stocks Recover From Early Weakness Before Closing Narrowly Mixed
After recovering from an early move to the downside, stocks turned in a lackluster performance throughout much of the trading session on Monday. The major averages spent most of the afternoon lingering near the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow inched up 54.77 points or 0.2 percent…