Business
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U.S. stocks close lower Friday, but Dow books longest weekly win streak since October after bank earnings, retail sales and Fed comments
U.S. stocks closed lower Friday as investors digested strong big bank earnings, weak retail sales, and hawkish comments from a Federal Reserve official, but all three major benchmarks booked weekly gains. How did stocks trade? The Dow Jones Industrial Average DJIA, -0.42% shed 143.22 points, or 0.4%, to close at 33,886.47. The S&P 500 SPX,…
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‘Fed-is-going-to-stop-soon’ trade peters out in stocks, bonds amid prospect of at least one more rate hike
A combination of hawkish remarks by a pair of Federal Reserve officials, solid bank earnings reports, and a rebounding consumer-sentiment reading on Friday are among the factors contributing to another abrupt readjustment in the financial market’s thinking about the path of interest rates. The sudden readjustment dented the popular view that the Federal Reserve might…
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Arrest in Cash App creator Bob Lee’s killing; tech exec Nima Momeni charged with murder
The San Francisco Police Department on Thursday arrested Nima Momeni, 38, of Emeryville, Calif., for allegedly stabbing to death tech executive Bob Lee. Mission Local, an independent local news site, first reported the arrest. City officials held a press conference Thursday afternoon, saying that the arrest occurred earlier in Emeryville, some 11 miles east of…
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Why the weakness in U.S. bank stocks since the collapse of SVB is a worrisome sign on eve of bank earnings
The U.S. corporate earnings reporting season begins this week with a flurry of major U.S. banks set to report their first quarterly performance since the collapse of Silicon Valley Bank (SVB) and Signature Bank last month. JPMorgan Chase, Wells Fargo, Citi and BlackRock will be among the large financial institutions posting their earnings before markets…
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Andrew Lloyd Webber says he’s already thinking about ‘The Phantom of the Opera’ returning to Broadway — even as it prepares to close
Perhaps we won’t have to say farewell to “The Phantom of the Opera” for long. Andrew Lloyd Webber, the composer behind Broadway’s longest-running show, told MarketWatch that he expects the musical will return at some point after it ends its 35-year run on April 16. “The Phantom sends me notes from time to time, saying…
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S&P 500, Dow book highest close in 2 months on more signs of cooling inflation and ahead of bank earnings
U.S. stocks finished sharply higher on Thursday, led by technology stocks, as traders parsed another batch of inflation data showing pressures easing in March, while the first reports from what’s expected to be a gloomy first quarter earnings season arrived, with several marquee releases due on Friday morning. The S&P 500 and the Dow Jones…
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Twitter and eToro partner to let users access real-time crypto, stock data
Elon Musk’s Twitter is working with investing platform eToro in an effort to let users access stock, crypto, and other asset information in real-time, and enable the trading of these, eToro announced on Thursday. The trading information will be accessible through a feature called Cashtags, which launched in 2022 and lets users interact with information…
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Fed officials at March meeting were keenly worried about impact of bank stress on economy
Federal Reserve officials, meeting days after the collapse of Silicon Valley Bank, agreed that the stress in the banking sector would slow U.S. economic growth, but were uncertain about how much, according to minutes of the meeting released Wednesday. The twelve voting members on the Fed’s interest-rate committee “agree that recent developments were likely to…
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National CineMedia goes bankrupt and the stock more than doubles on massive volume
Shares of National CineMedia Inc. have more than quadrupled in two days, as Wall Street appeared to shrug off the in-theater advertising company’s bankruptcy filing, and focused instead on the upbeat revenue outlook. “Despite a difficult advertising environment and a still-recovering box office, NCM [National CineMedia] is well-positioned within the ad delivery ecosystem as theatrical…
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AI enabled eyewear, what you need to know
The Future of Green Energy Storage Here are our top investing ideas today – these setups look primed! Be the best prepared trader on the Street! HTCR – Up over 100% in pre-market after announcing new consulting agreement for upcoming IPO LUCY – 2nd day play, closed up over 200% yesterday after filing patent for…