Category: News
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JPMorgan Chase’s Trading Model Predicts a Market Reversal, But a Choppy Year Ahead
In a week marked by fresh recession fears from Wall Street to Davos, JPMorgan Chase’s trading model has shown that seven of nine asset classes – ranging from high-grade bonds to European stocks – now show less than a 50% chance of a recession.[0] This is a big reversal from October when a contraction was…
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US Stocks Lower Amid Microsoft, Boeing Earnings & Google Antitrust Suit
U.S. stocks were trading lower Wednesday, with Microsoft Corporation (NASDAQ:MSFT) and Boeing Co (NYSE:BA) leading the charge, after both companies reported less than stellar results and outlooks for the quarter and the year.[0] Microsoft shares lost nearly 3%, while Boeing was down over 2% in pre-market trading. Microsoft (MSFT) shares fell 1.3% premarket after reporting…
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Market Activity Mixed Ahead of Busy Week of Earnings Reports
On Tuesday, the Dow Jones Industrial Average increased by 0.3%, while the S&P 500 decreased by 0.1%.[0] The Nasdaq composite, which is heavily reliant on technology, ended 0.3% lower, thus ending a two-[1] The industrial conglomerate 3M saw a 6.2% drop after they reported their fourth quarter earnings of $2.28 per share on $8.1 billion…
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Corporate Earnings Reports Move Markets Ahead of Tesla and Boeing Earnings
Stocks opened lower on Wednesday as investors digested corporate earnings reports and news from Microsoft Corporation (NASDAQ:MSFT).[0] The software giant edged past expectations with its fourth-quarter adjusted earnings per share, which fell from last year to reach $2.32, beating estimates by a penny. However, revenue rose just 2% to $52.7 billion – missing projections by…
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Walmart Increases Minimum Wage and Education Opportunities for Associates
Walmart, the largest private employer in America, has announced that it is increasing its minimum wage from $12 to $14 an hour in an effort to attract and retain talent in today’s tight labor market.[0] The company also said that its overall minimum wage would climb to $14 an hour, representing a roughly 17% jump…
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U.S. Justice Department and 8 States Sue Google Over Digital Ad Business
The U.S. Justice Department and eight states are suing Google over its digital ad business, accusing the tech giant of using its dominance in the market to harm competitors and force ad buyers and sellers to use its products at unfavorable terms.[0] The Justice Department is seeking to break up the company’s advertising business and…
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NYSE Experiences Brief Trading Halt Due to Manual Error
On Tuesday, January 24th, the New York Stock Exchange (NYSE) experienced a technical issue that led to a brief trading halt for dozens of major companies just after the market opened.[0] The exchange determined that 4,341 trades in 251 ticker symbols should be “busted.”[0] Most of the trade breaks were processed on January 24th and…