Breaking News: Markets
Companies — profitable or not — make 2024 the year of cost cuts
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker […]
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Goldman Sachs likes these five tech stocks coming out of earnings
Analysts at Goldman Sachs have highlighted a handful of tech stocks with upside as earnings season begins to wind down. The S & P 500 tech sector posted an earnings growth level of 21.6% in the fourth quarter. That compares to an total expansion in S & P 500 earnings of 9.5% previous quarter, in […]
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Yemen's Houthis say they targeted oil tanker Pollux
Aerial look at of a tanker. Bugto | Moment | Getty Images Yemen’s Iran-aligned Houthis explained on Saturday that they experienced fired missiles at oil tanker Pollux, which U.S. officers mentioned the earlier working day experienced been hit by a missile. The U.S. Condition Division reported on Friday that the Pollux, a Panamanian-flagged tanker carrying […]
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Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm
A young man holds a credit card and uses a laptop for online shopping. Diy13 | Istock | Getty Images Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to Affirm Chief Financial Officer Michael Linford. The fintech firm uses the hour a consumer attempts […]
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How the 'Wonderful 7' compares to the wonderful bubbles of all time and what could pop it
The so-referred to as “Magnificent Seven” shares are exhibiting habits consistent with big asset bubbles by record, according to Lender of The us. The team — Apple , Microsoft , Alphabet , Nvidia , Amazon , Tesla and Meta — has been on a tear in excess of the previous 12 months, collectively surging almost […]
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January wholesale selling prices increase extra than expected, a further signal of persistent inflation
Wholesale prices rose additional than anticipated in January, more complicating the inflation image, in accordance to a U.S. Office of Labor report Friday. The producer value index, a evaluate of price ranges acquired by producers of domestic merchandise and products and services, rose .3% for the thirty day period, the most significant shift given that […]
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Pharma and journey-share vendors are among most overbought S&P 500 shares this 7 days
A group of effectively-identified shares together with some market titans could be in for a correction following acquiring snatched up throughout this week’s choppy buying and selling. The S & P 500 and Dow Jones Industrial Typical have been on keep track of midday Friday to write-up compact gains on the 7 days, and the […]
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Hindenburg's hottest limited focus on Temenos rejects allegations as share value tumbles
Traders operate on the ground of the New York Inventory Exchange for the duration of morning trading on Jan. 31, 2024. Michael M. Santiago | Getty Photographs Shares in Swiss program company Temenos ended up down more than 6% on Friday afternoon, extending Thursday’s losses when they closed in excess of 28% decrease. Temenos on […]
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European stocks extend gains at open; UK retail sales better than expected; NatWest posts profit beat
Europe stocks open higher European stocks opened higher Friday, rounding off a strong week that has seen investors monitor a slew of earnings and data. France’s CAC 40 index was 0.6% higher after marking an intraday record high, while London’s FTSE 100 gained 0.7% after British retail sales beat forecasts. Germany’s DAX was up 0.54%. […]
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NatWest financial gain jumps 20% as Thwaite verified as CEO
The emblem of NatWest, a retail unit of RBS, outside a lender department in London, U.K., on Tuesday, June 26, 2012. Simon Dawson | Bloomberg | Getty Visuals British financial institution NatWest verified Paul Thwaite as its everlasting chief government on Friday and reported forecast-beating revenue for 2023, as it gears up for a crunch […]
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