Federal Reserve Bank Chair Jerome PowellChip Somodevilla/Getty Images Indexes slipped Thursday as traders focused on remarks from Fed Chair Jerome Powell. Powell said the Fed is in no hurry to…
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(Bloomberg) — Asian equities climbed, aided by some encouraging signs in China’s economy and a retreat in the dollar. Most Read from Bloomberg The MSCI Asia Pacific Index rose 0.4%,…
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Trump’s AG Pick Matt Gaetz Once Proposed Collecting Federal Income Taxes In Bitcoin, Along With Co-sponsoring Bill To Abolish The Fed
by skolnesTrump’s AG Pick Matt Gaetz Once Proposed Collecting Federal Income Taxes In Bitcoin, Along With Co-sponsoring Bill To Abolish The Fed President-elect Donald Trump has picked Rep. Matt Gaetz (R-Fla.)…
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Why billionaire investor David Einhorn is loading up on a struggling agriculture stock ‘no one cares about’
by skolnesDavid Einhorn, President, Greenlight Capital, Inc.Reuters Famed value investor David Einhorn says he’s betting on CNH Industrial. The stock is trading cheap, but has upside as an agricultural boom mounts,…
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3 drivers of the stock market’s bull rally are hitting extremes and point to lower returns ahead, economist says
by skolnesAdobe Firefly, Tyler Le/BI Stock market gains will slow as key drivers like valuations and rates hit extremes, David Rosenberg said. He said operating earnings would need to surge to…
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Billionaire Investor Trims Alibaba After Saying Buy ‘Everything’ China
by skolnes(Bloomberg) — Turns out that Billionaire investor David Tepper, who said recently he would buy “everything” China-related amid Beijing’s stimulus blitz, trimmed exposure in e-commerce giant Alibaba Group Holding Ltd.…
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Indexes mixed as traders digest wholesale inflation and await Powell’s remarks
by skolnesFed Chair Jerome PowellBonnie Cash/Getty Images Indexes wavered Thursday as traders received wholesale inflation data. The producer price index showed prices rising 0.2% last month as expected. Markets will be…
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(Bloomberg) — Berkshire Hathaway Inc. bought stock in Domino’s Pizza Inc. and Pool Corp. during the third quarter as Chairman Warren Buffett cut back on some long-held investments. Shares of…
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Applied Materials forecasts quarterly revenue below estimates on weak demand
by skolnes(Reuters) – Applied Materials (AMAT) forecast first-quarter revenue below Wall Street estimates on Thursday, a sign of sluggish demand for the chipmaking equipment outside of AI-powered chips, sending its shares…
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Dow, S&P 500, Nasdaq slide as Powell says Fed in no ‘hurry’ on rate cuts
by skolnesUS stocks slid on Thursday as the post-election rally stalled further and investors assessed remarks from Federal Reserve Chair Jerome Powell, who said in a speech that the central bank…