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Republican presses Twitter chief Elon Musk to better protect U.S. user data

Reuters | November 23, 2022

By Diane Bartz WASHINGTON (Reuters) – Top Senate Republican Chuck Grassley urged Elon Musk, who recently acquired Twitter, to conduct a threat assessment at the social company to better protect U.S. user data, following up on concerns raised by a whistleblower. Hacker Peiter “Mudge” Zatko, a whistleblower who served as Twitter’s head of security until […]

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With Black Friday ahead, investors look to U.S. consumer stocks

Reuters | November 20, 2022

By David Randall NEW YORK (Reuters) -As the most important shopping period of the year approaches, some investors are betting shares of beaten-down consumer stocks will benefit if inflation keeps falling and retail sales stay strong. Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc and automaker Tesla Inc to retailer […]

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U.S. weekly jobless claims fall despite surge in technology layoffs

Reuters | November 17, 2022

Market Recap U.S. equity markets were down sharply before the opening bell on mixed retail reports and continued lackluster guidance during earnings calls. The Dow was down over 300 points and the other indices were done similarly. In economic news, Initial Jobless Claims were fewer than expected, posting 222K vs 225k forecasted. Building Permits were up 1.526M vs. 1.512 […]

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Exclusive: As split Congress odds increase, Yellen warns of need to lift debt ceiling

Reuters | November 12, 2022

By David Lawder NUSA DUA, Indonesia (Reuters) – With odds of a split U.S. Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on U.S. debt posed a “huge threat” to America’s credit rating and functioning of U.S. financial markets. Yellen told Reuters in an interview in New Delhi […]

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U.S. inflation turning the corner as consumer prices rise below expectations

Reuters | November 10, 2022

Market Recap Markets skyrocketed Thursday on a better-than-expected CPI report, fueling speculation that the Fed might ease interest rate hikes. The Dow climbed over 1,000 points (+3.10%). The Nasdaq shot up over 6 percent with a 650 point rise. The S&P 500 (+4.59%) and Russell 2000 (+5.76%) were also in strong positive territory. European markets also notched impressive gains: The DAX (Germany) closed up 3.50% […]

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U.S. Supreme Court leans toward making challenges to FTC and SEC easier

Reuters | November 7, 2022

Market Recap Markets rose sharply higher in Monday Trading ahead of the mid-term elections and inflation reports. The Dow Jones Industrial Average led the pack, shooting up over 400 points (1.33%) in intraday trading. The S&P 500, Nasdaq and Russell 2000 indices also posted nice gains. Shares of BioNTech (BNTX) rose over 4% on strong earnings.  BNTX […]

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Fed’s Evans says smaller rate hikes make sense, front-loading done

Reuters | November 4, 2022

Market Recap The Dow finished a down week with  a move to the upside. The S&P 500, Nasdaq and Russel 2000 followed suit. Trading throughout the week was muted on fears of further aggressive rate hikes from the Fed, coupled with mixed earnings reports as the earnings season winds down. Starbucks (SBUX) was one of […]

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S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture

Reuters | October 27, 2022

By Stephen Culp NEW YORK (Reuters) – The S&P 500 and the Nasdaq posted losses on Thursday, as investors contended with solid economic data and a mixed bag of corporate earnings. The price-weighted Dow advanced, held aloft by industrials, while weakness in market-moving tech and tech-adjacent megacaps depressed the S&P 500 and Nasdaq in the […]

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Wall Street ends higher as hopes for less aggressive Fed grow

Reuters | October 21, 2022

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks surged to close out the trading week on Friday after a report said the U.S. Federal Reserve will likely debate on a smaller interest rate hike in December, raising hopes the central bank may be poised to adopt a less aggressive policy stance. Some Fed officials […]

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Wall Street ends lower as Fed worries outweigh earnings

Reuters | October 20, 2022

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking interest rates outweighed a flurry of solid corporate earnings. Stocks initially rose early in the session, boosted by […]

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