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  • Stocks give up gains, close lower amid more earnings
    Finance News

    Stocks give up gains, close lower amid more earnings

    February 10, 2023 /

    U.S. stocks edged reduce Thursday, providing up early-session gains in a day of topsy-turvy trading as investors parsed far more company earnings and economic details. The S&P 500 (^GSPC) dipped .9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, and the Dow Jones Industrial Normal (^DJI) ticked down .7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The technological innovation-hefty Nasdaq Composite (^IXIC) slid by 1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The generate on the benchmark 10-12 months U.S. Treasury note ticked up to 3.66{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Thursday. The greenback index weakened on Thursday versus the euro, investing at $103.24. Shares closed decrease Wednesday adhering to current Fed officials’ speeches signaling that extra desire price hikes are likely to go on and that prices could continue being elevated for a longer interval. Some…

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    Francis McGee Comments Off on Stocks give up gains, close lower amid more earnings

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    Owe the IRS? Here are 4 ways to pay your tax bill

    Owe the IRS? Here are 4 ways to pay your tax bill

    April 21, 2023
    Tesla stock is trading at its ‘cheapest valuation’ in years, Wedbush’s Dan Ives says

    Tesla stock is trading at its ‘cheapest valuation’ in years, Wedbush’s Dan Ives says

    December 15, 2022
    Stock market news live updates: November 30, 2022

    Stock market news live updates: November 30, 2022

    December 1, 2022
  • Stocks fall as investors assess earnings, path for rates
    Finance News

    Stocks fall as investors assess earnings, path for rates

    February 9, 2023 /

    U.S. stocks shut Wednesday decreased as yet another bout of earnings success hit traders’ desks and Wall Road weighed the outlook for interest premiums following Federal Reserve Chair Jerome Powell signaled extra hikes may well be essential than marketplaces are pricing in. The S&P 500 (^GSPC) declined 1.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, although the Dow Jones Industrial Common (^DJ) drop roughly 200 points, or .6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The technologies-weighty Nasdaq Composite (^IXIC) tumbled 1.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. In distinct inventory moves, shares of Alphabet (GOOG) tanked 7.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} right after the Google mum or dad disclosed a batch of new AI-run features for its Search, Maps, and Lens apps and a presentation of the technology misfired. The announcement came just…

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    Francis McGee Comments Off on Stocks fall as investors assess earnings, path for rates

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    Stocks slide after jobs report shocks, Big Tech results disappoint

    Stocks slide after jobs report shocks, Big Tech results disappoint

    February 4, 2023
    Big tech is out, ‘old economy’ is in on Wall Street: Morning Brief

    Big tech is out, ‘old economy’ is in on Wall Street: Morning Brief

    February 26, 2023
    Stock futures waver, bitcoin rallies

    Stock futures waver, bitcoin rallies

    February 17, 2023
  • GM plans $2B in cost cuts after record 2022 earnings
    Automotive

    GM plans $2B in cost cuts after record 2022 earnings

    February 1, 2023 /

    GM explained its comprehensive-year EBIT of $14.5 billion, up 1.3 per cent, was a firm record. Its internet cash flow for all of 2022 slipped .8 percent to $9.9 billion as earnings rose 23 p.c to $156.7 billion. GM’s fourth-quarter modified profit in North The us soared 69 per cent to $3.7 billion. Shares in GM rose 8.3 per cent to shut at $39.32 on Tuesday. “It normally takes knowledge, ability and teamwork to change to external factors like greater curiosity premiums, commodity price tag increases and provide chain disruptions, and supply our commitments year in and 12 months out,” CEO Mary Barra stated on a connect with with analysts.…

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    Francis McGee Comments Off on GM plans $2B in cost cuts after record 2022 earnings

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    LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation

    LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation

    December 26, 2022
    How Online Car Dealerships Have Transformed the Industry

    How Online Car Dealerships Have Transformed the Industry

    August 25, 2023
    Inside moving exhibits at L.A.’s Petersen Automotive Museum

    Inside moving exhibits at L.A.’s Petersen Automotive Museum

    February 7, 2023
  • Stock futures rise ahead of more earnings, data
    Finance News

    Stock futures rise ahead of more earnings, data

    January 27, 2023 /

    U.S. shares rallied Thursday as buyers digested the launch of gross domestic product facts and a further round of company earnings. The S&P 500 (^GSPC) greater by 1.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, although the Dow Jones Industrial Typical (^DJI) additional by .6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The technological know-how-significant Nasdaq Composite (^IXIC) rose by roughly 1.8{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, led by a far more than 10{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} jump from Tesla (TSLA). The produce on the benchmark 10-12 months U.S. Treasury notice ticked up to 3.497{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from 3.461{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} on Wednesday. The dollar index rose practically .2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} to $101.82. U.S. GDP grew 2.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} annual amount in the final quarter of 2022, earlier mentioned expectations, according to the Bureau of Financial Investigation. Personal consumption expenses…

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    Francis McGee Comments Off on Stock futures rise ahead of more earnings, data

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    Powell tells Congress rates will likely be ‘higher than previously anticipated’

    Powell tells Congress rates will likely be ‘higher than previously anticipated’

    March 8, 2023
    Owe the IRS? Here are 4 ways to pay your tax bill

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    April 21, 2023
    Here’s why you may get Form 1099-K for third-party payments in 2022

    Here’s why you may get Form 1099-K for third-party payments in 2022

    November 26, 2022
  • Earnings Reports, Layoffs Reflect Slowing Economy as 4Q GDP and Inflation Data Loom | Economy
    Economy News

    Earnings Reports, Layoffs Reflect Slowing Economy as 4Q GDP and Inflation Data Loom | Economy

    January 26, 2023 /

    On Thursday, the govt will difficulty its progress estimate of the nation’s economic output for the fourth quarter of 2022. The report on gross domestic solution will possible present the financial state grew at an once-a-year speed someplace around 2.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} or so, down from the 3.2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in the third quarter. The Federal Reserve’s marketing campaign to arrest inflation by boosting fascination fees is functioning and the repercussions of the larger borrowing prices are a slowing economic system that will be mirrored in the GDP facts. But for those people looking for far more evidence of a slowdown and even the chance of a economic downturn in the next fifty percent…

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    Francis McGee Comments Off on Earnings Reports, Layoffs Reflect Slowing Economy as 4Q GDP and Inflation Data Loom | Economy

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    Keep legal spend in check, even when the economy is unpredictable

    Keep legal spend in check, even when the economy is unpredictable

    April 13, 2023
    Pending Home Sales Crush Estimates, Rise 8.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in January | Economy

    Pending Home Sales Crush Estimates, Rise 8.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in January | Economy

    March 1, 2023
    Strategies for Trading UK Government Bonds

    Navigating the Sovereign Debt Landscape: Strategies for Trading UK Government Bonds

    April 19, 2025
  • What Q4 bank earnings can tell us about the economy
    Economy News

    What Q4 bank earnings can tell us about the economy

    January 10, 2023 /

    This will be a major 7 days for financial information. The shopper value index will come out Thursday and notify us irrespective of whether inflation proceeds to moderate less than the influence of continuing Federal Reserve price hikes. And the kickoff of company earnings time will also aid fill in the around-phrase picture for desire charges and a potential economic slowdown. FactSet estimates that calendar fourth-quarter profits for S&P 500 organizations will be down extra than 4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a calendar year earlier — the worst demonstrating considering the fact that early in the pandemic. Friday, we’ll listen to from a gaggle of huge financial institutions: JPMorgan Chase, Citigroup, Lender of…

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    The global economy’s slow-motion reset as cheap money era ends

    The global economy’s slow-motion reset as cheap money era ends

    April 23, 2023
    White House confident about economic recovery in 2023

    White House confident about economic recovery in 2023

    December 30, 2022
    Fed’s Powell says SVB collapse may slow the economy through tighter credit

    Fed’s Powell says SVB collapse may slow the economy through tighter credit

    March 23, 2023
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