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  • Tech stocks soar after Fed’s latest rate hike
    Finance News

    Tech stocks soar after Fed’s latest rate hike

    February 2, 2023 /

    Tech shares rallied Wednesday pursuing the Federal Reserve’s most recent desire price improve right after Fed Chair Jerome Powell suggested indications of “disinflation” are developing in the financial state. When the closing bell rang on Wall Avenue, the engineering-large Nasdaq Composite (^IXIC) was bigger by 2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, primary the cost increased for markets adhering to Powell’s comments. The S&P 500 (^GSPC) closer better by 1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, even though the Dow Jones Industrial Regular (^DJI) rose .03{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, or just 8 factors. The Dow was weighed down by energy shares, which remained underneath stress Wednesday as the cost of WTI crude oil fell 3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} to all around $76.50 for each barrel. On Wednesday afternoon,…

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    Francis McGee Comments Off on Tech stocks soar after Fed’s latest rate hike

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    Embrace ‘the mullet trade,’ Jefferies analyst says

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    January 9, 2023
    Stock futures waver, bitcoin rallies

    Stock futures waver, bitcoin rallies

    February 17, 2023
    Tesla stock is tanking on delivery whiff and JPMorgan downgrade

    Tesla stock is tanking on delivery whiff and JPMorgan downgrade

    January 4, 2023
  • Stocks rise after Fed minutes signal rate hike slowdown
    Finance News

    Stocks rise after Fed minutes signal rate hike slowdown

    November 24, 2022 /

    Stocks rose on Wednesday right after the minutes from the Federal Reserve’s latest plan conference signaled a probably slowdown in the central bank’s pace of curiosity fee improves following thirty day period. When the closing bell rang on Wall Street, all 3 big indexes ended up in inexperienced figures, with the S&P 500 up .6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, the Dow up .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, and the Nasdaq increased by 1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Wednesday marked the week’s closing total trading session for U.S. buyers. U.S. marketplaces will be closed for Thanksgiving, and marketplaces are open for just a fifty percent day on Black Friday. The most significant move in marketplaces on Wednesday came from the power marketplaces, with…

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    Francis McGee Comments Off on Stocks rise after Fed minutes signal rate hike slowdown

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    The US economy is still creating problems for the Fed

    The US economy is still creating problems for the Fed

    April 9, 2023
    Tesla stock slammed this week as Musk sells more shares

    Tesla stock slammed this week as Musk sells more shares

    December 16, 2022
    S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak

    S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak

    March 2, 2023
  • Exclusive: Lebanon to slash official exchange rate from end of October, finance min says
    Finance News

    Exclusive: Lebanon to slash official exchange rate from end of October, finance min says

    September 28, 2022 /

    BEIRUT, Sept 28 (Reuters) – Lebanon strategies to slash its official trade amount from the finish of Oct, changing the 1,507 for each dollar charge adopted 25 several years ago with a price of 15,000 in a stage toward unifying many trade charges, the finance minister informed Reuters. The pound has plunged by additional than 95{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from the official price since Lebanon fell into money disaster a few yrs ago, with pounds at the moment changing palms at all-around 38,000 on a parallel sector. “The aim is for there to be a unification of the exchange charges in Lebanon,” Finance Minister Youssef Khalil explained, calling the conclusion a “basic phase”…

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    Francis McGee Comments Off on Exclusive: Lebanon to slash official exchange rate from end of October, finance min says

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    ‘I don’t know who would buy them’

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    October 3, 2022
    90{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} of online content could be ‘generated by AI by 2025,’ expert says

    90{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} of online content could be ‘generated by AI by 2025,’ expert says

    January 15, 2023
    Investors ‘are changing their focus,’ market strategist explains

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