Author: super@dmin
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The Tell: U.S. stocks could fall 10% as ‘pain trade’ takes hold before bouncing back later in the year
The year ahead is promising not to be an easy one for investors as a recession threat looms, but Bank of America offers advice on when things might get easier
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: ‘Poker move’ or wake-up call? Wall Street weighs in on Tesla’s price cuts
Tesla’s price cuts in the U.S. and Europe heighten worries about the EV maker’s margins and worsening demand at a moment when both seem at risk.
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MarketWatch First Take: Wendy’s stock climbs on upbeat fourth-quarter guidance, dividend hike
The fast-food company reported preliminary fourth-quarter results early Friday.
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: Drug companies plan to raise prices on vital medicines to fund R&D, but they already spend more on shareholder returns
Drug companies say they need to raise prices on cancer drugs and other treatments to fund research. But they already spend more on stock buybacks and dividends.
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: ‘The economic consequences are real’: Officials push for deeper scrutiny of racial bias in home-appraisal process
The government is taking steps to make the home-appraisal process more fair, after reports and a new docuseries reveal instances of bias and undervaluations.
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Market Extra: Martin Luther King Jr. Day: Is the stock market open on Monday?
The U.S. markets will be closed on Monday, Jan. 16, for Martin Luther King Jr. Day, which commemorates the life and legacy of the American civil rights leader
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Coronavirus Update: New COVID subvariant is now dominant across the U.S., accounting for 43% of all new cases in latest week, CDC says
XBB.1.5 has been dominant in the Northeast for several weeks and is now dominant in the U.S. as a whole.
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: House votes to ban China from getting U.S. oil reserves, as top analyst dismisses bill
The Republican-led House on Thursday votes to approve a bill that would block U.S. Strategic Petroleum Reserve releases from going to China.
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Key Words: The Fed has won its ‘war’ against inflation, says JPMorgan analyst. And now it needs to stop hiking interest rates.
A top global markets strategist for JPMorgan Chase & Co.’s asset-management business said the Federal Reserve should quit hiking interest rates before it breaks the U.S. economy.
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Earnings Outlook: Why earnings season could be a ‘market-moving event’
Trends to watch for in earnings reports include rising sales but falling volumes, along with slowing growth in cost of goods sold.