business news
These stocks win when the Fed starts hiking rates and Wall Street thinks they could triumph again
With the Fed’s latest rate-hike cycle on the horizon, these stocks could perform well based on recent history, and Wall Street agrees. Source
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The IRS has delivered more than 45 million tax refunds. This is the average payment
Bill Oxford | E+ | Getty Images The IRS has issued more than 45 million tax refunds worth almost $152 billion in total, as of March 11, the agency reported Friday. Nearly half of Americans expect refunds this season, according to a Capital One report, providing a needed financial boost for a large percentage of […]
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Toyota, major chip supplier suspend production due to earthquake in Japan
A car dealership’s window is broken following a strong earthquake in Koriyama, Fukushima prefecture, Japan in this photo taken by Kyodo on March 17, 2022. Kyodo| via Reuters DETROIT – A major earthquake this week in Japan is causing additional problems for the already constrained global automotive supply chain, which continues to manage through problems […]
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Here’s how Covid-19 transitions from a pandemic to endemic
It’s been two years since Covid-19 crept across the globe, battered the U.S. economy and wreaked havoc on health-care systems unprepared to defend themselves against the novel pathogen. Now, as the latest wave of infections driven by the fast-spreading omicron variant rapidly subsides, many are beginning to question: Is Covid-19 becoming endemic? “There’s a high […]
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Here’s how retail investors are hedging against the market volatility
The market volatility is leaving the pros and retail traders in a rut. According to a recent American Association of Individual Investors investor sentiment survey, nearly 46% of retail investors are feeling bearish about the market. It’s an increase of 16% from the average weekly numbers. Investors are worried about rising interest rates, volatility and […]
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Why high gas prices fall harder on lower earners
High gasoline prices are impacting all American drivers — but low-income households bear the brunt of it. That’s because low earners funnel a bigger share of their budgets to transportation costs and other staples, like food and energy, relative to wealthier households. U.S. gas prices had jumped to $4.32 a gallon, on average, as of […]
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European markets close higher, notch best weekly gain since 2020 amid Russia-Ukraine talks
LONDON — European markets closed higher on Friday, notching their best weekly gain since 2020, as investors tracked negotiations between Russia and Ukraine and digested a big week of central bank decisions. The pan-European Stoxx 600 provisionally ended 0.7% higher, with most sectors in positive territory and major bourses pointing in opposite directions. The index […]
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Stocks making the biggest moves midday: GameStop, Tesla, FedEx and more
Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Check out the companies making headlines in midday trading Friday. GameStop — Shares of the video game retailer gained about 2%, erasing big overnight losses, as investors looked past the company’s […]
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Pfizer CEO Albert Bourla received $24.3 million in total compensation for 2021
Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Belgium April 23, 2021. John Thys | Pool | Reuters Pfizer CEO Albert Bourla received $24.3 million in total compensation for 2021, a 15% increase […]
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China says Xi and Biden’s two-hour call focused on the need for peace in Ukraine
A screen shows Chinese President Xi Jinping attending a virtual meeting with U.S. President Joe Biden via video link, at a restaurant in Beijing, China November 16, 2021. Tingshu Wang | Reuters WASHINGTON — President Joe Biden held a nearly two-hour phone call on Friday morning with Chinese President Xi Jinping to discuss Russia’s invasion […]
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