Markets
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Big Tech has made earnings look better, but here come Disney and PayPal
Most of the first-quarter earnings blizzard has passed, and the results, overall, haven’t been as bad as expected — thanks in large part to the nation’s biggest tech companies: Apple Inc., Amazon.com Inc. and Microsoft. The S&P 500 index SPXhas largely moved sideways over the past few weeks, as markets try to stomach concerns about…
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TSN Stock Price | Tyson Foods Inc. Cl A Stock Quote (U.S.: NYSE)
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Durbin: ‘Everything is on the table’ in response to ‘tangled web’ of Clarence Thomas revelations
Revelations about Supreme Court Justice Clarence Thomas’s financial disclosures get “worse and worse by the day,” Sen. Dick Durbin said Sunday, and “everything is on the table” when it comes to establishing a code of ethics for the high court. Speaking Sunday morning on CNN’s “State of the Union” with host Jake Tapper, the Illinois…
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AMC says it’s reached deal to settle shareholder lawsuit over APE conversion
AMC Entertainment Holdings Inc. said over the weekend it has reached an agreement to settle a court fight with shareholders concerning a proposed stock conversion. “AMC has recently reached an agreement to settle a putative stockholder class action concerning the proposed conversion of AMC Preferred Equity Units into Common Stock and reverse stock split,” AMC…
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California task force finalizes sweeping reparations potentially worth billions of dollars
After a sometimes contentious day-long meeting Saturday, California’s reparations task force approved a sweeping set of recommendations — including potentially hundreds of billions of dollars in monetary reparations — for repair and restitution for harms experienced by African Americans as a result of slavery and the state’s subsequent policies and practices. The task force was…
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Recession fears hang over market insisting on rate cuts as Fed loan survey looms
Parts of the U.S. financial markets are bracing for a hard landing for the U.S. economy, as investors await insights into credit conditions from the Federal Reserve’s upcoming loan officer survey due this week. The Fed’s aggressive interest rate hikes over the past year to tame high inflation has led to recent regional-banking trouble that…
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This real-estate agent listed 2 houses. He showed them 88 times, and got 12 offers. ‘I didn’t even have my sign in the ground’
In early April, Atlanta-based real-estate agent Zak Elfenbein listed two newly renovated homes, nestled in a quiet suburb in Douglasville, Ga. He wasn’t sure what to expect. The homes were 25 miles west of Atlanta, and were being sold by home flippers. Mortgage rates were above 6%, and home prices were high. But there was…
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Should I invest $20,000 in cash or stocks? The stock market is volatile, and the Fed hiked rates (again).
I just moved to the U.S. to join my family, and I have about $20,000 in my bank account, and I’m not sure how to invest it. I have no need for the money at the moment, but I’ve applied for a master’s program and want to fill out a Free Application for Federal Student…
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My wife wants us to spend $5,000 to attend her cousin’s destination wedding. I don’t want to go. Am I being selfish?
Dear Quentin, My wife and I are fighting over money — actually, a wedding, to be exact. She wants us and our daughter to fly across the country to attend her cousin’s destination wedding. I can take time off work, but I do not want to spend $5,000 on this trip. I make a very…
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The party’s over for America’s housing market, but this real-estate CEO believes it will recover
The pandemic home-buying frenzy came to a screeching halt when the U.S. Federal Reserve raised interest rates last June. Rates have since doubled, remaining firmly above 6%. After home sales plunged, the housing sector has recovered somewhat, but it is now facing a shortage of homes for sale, leading the market into a bidding frenzy…