Author: super@dmin
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Market Extra: What stock-market investors need to know about the ‘January Indicator Trifecta’
The U.S. stock market got off to a bumpy start in 2023. A bearish backdrop means investors looking to a popular January indicators to clues to how the year will pan out should approach the data with caution, analysts said.
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The Margin: ‘Romeo & Juliet’ actors suing Paramount for sexual exploitation over 1968 movie’s teen nude scene
Then-teen actors Leonard Whiting and Olivia Hussey sue Paramount for $500 million, alleging they were misled for a nude scene in 1968’s “Romeo and Juliet.”
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Economic Report: ADP says 235,000 private-sector U.S. jobs created in December
Private payrolls rose by 235,000 in December, payroll processor ADP said Thursday, in a sign that many companies are still hiring and the U.S. labor market remains strong.
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The Fed: Fed’s George sees rates above 5% for some time
Outgoing Kansas City Fed President Esther George says the fight against inflation will require rates to stay elevated for some time.
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The New York Post: Republican-aligned super PACs said to have reached deal that could clear path to Kevin McCarthy speakership
CNN reports that the pact between the conservative election-funding arms is unlikely on its own to lift the California Republican to the 218 votes necessary.
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Earnings Results: Bed Bath stock plunges after warning that it may need to declare bankruptcy
Bed Bath & Beyond Inc. said Thursday that it has ‘substantial doubt’ about its ‘ability to continue as a going concern’
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Economic Report: U.S. trade deficit sinks 21% to 26-month low as imports tumble
The U.S. trade deficit shrank 21% in November to a more than two-year low of $61.5 billion, largely due to fewer imports of consumers goods and cheaper oil.
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Metals Stocks: Gold retreats from 6-month highs as traders take profits
Gold prices retreated on Thursday as traders booked profits after the price of the yellow metal hit six-month highs.
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Economic Report: Jobless claims fall to 3 1/2-month low of 204,000 in sign labor market still too hot for the Fed
The number of Americans who applied for unemployment benefits in the last week of 2022 fell to a three-and-a-half month low of 204,000 .
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The Margin: Bizarre Berhalter-Reyna feud gripping US soccer ‘wild,’ ‘crazy,’ and ‘extremely sad’ say former national team players
A bizarre dispute involving former coach Gregg Berhalter and the parents of player Gio Reyna has engulfed the U.S. national soccer team