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Americans’ incomes increased in September by more than expected, boosted by employment gains and helping to propel consumer spending at the end of the third quarter. Personal incomes rose 0.9% from the prior month following a 2.5% decline in August, a Commerce Department report showed Friday. That compared with estimates for a 0.4% gain. Household […]
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U.S. stock futures fell in overnight trading Thursday after some of the technology heavyweights came under pressure following their quarterly reports. Futures on the Dow Jones Industrial Average dropped 150 point. The S&P 500 futures fell 0.7% and the Nasdaq 100 futures slid 1.0%.. Shares of Apple fell more than 4% in extended trading after […]
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Solid quarterly earnings from America’s biggest tech firms weren’t enough to keep investors from selling late Thursday, the latest sign sentiment is turning against ultra-expensive digital megacaps. Futures on the S&P 500 tumbled 1% and Nasdaq 100 contracts lost more than that as of 6:07 p.m. in New York. Stocks had rebounded from the worst […]
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New York (CNN Business)Warren Buffett has been surprisingly quiet about the presidential election. The Oracle of Omaha hasn’t publicly backed Joe Biden, but Buffett hosted a fundraiser for Biden’s former boss, Barack Obama, in 2011, and he fully backed Hillary Clinton in her 2016 campaign against Donald Trump. The 90-year-old investing legend, who is worth […]
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Save articles for later Add articles to your saved list and come back to them any time. ANZ has reported a 42 per cent fall in full-year profit and has committed to paying a massively scaled-back dividend due to credit losses and loan impairments brought on by the coronavirus pandemic. The big four bank reported […]
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Stocks were taking a beating Wednesday, in part over worry about the state of stimulus talks. Joe Biden’s polling lead in the presidential race complicates the issue. Investors worry that should the Democrat win, President Donald Trump would have little incentive to push through a deal in a lame duck period. As some market participants […]
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Technology stocks cratered on Wednesday, leading the market lower amid an ongoing congressional hearing with the CEOs of Twitter, Facebook, and Alphabet regarding Section 230. The Senate hearing was contentious as Republican Senators like Ted Cruz laid into Twitter CEO Jack Dorsey for its handling of the NY Post Hunter Biden story published earlier this […]
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President Trump reportedly said: "After the election we'll get the best stimulus package you've ever seen." The U.S. has also continued to see an uptick in cases of the coronavirus in recent days. U.S. Treasury yields ebbed lower on Wednesday after President Donald Trump acknowledged that there would be no economic stimulus deal before the […]
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Bharti Airtel’s cConsolidated revenue rose 22% to ₹25,785 crore in the September quarter while net loss narrowed to ₹763 crore. Equity benchmarks Sensex and Nifty opened on a volatile note on October 28 as investors await directional cues from domestic as well as global markets. After swinging 258 points in the opening session, the 30-share […]
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Mexican cement companies, Brazilian steelmakers and one of the world’s largest lithium producers are some of the Latin American stocks whose outlook is tied in part to the outcome of the U.S. election next week. While a contested outcome between Democrat Joe Biden and Republican Donald Trump would likely be the worst-case scenario for battered […]
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