Author: super@dmin
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In One Chart: Stocks have seen the smallest percentage of ‘up’ days since 1974 so far this year
One of the most visible characteristics of the bear market of 2022 has been the stock market’s grind lower. Its share of positive days is near a 50-year low.
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Earnings Results: IBM stock rallies on third-quarter results, upbeat forecast
Shares of International Business Machines Corp. rallied, after the company reported third-quarter results that beat expectations and offered up a more upbeat full-year sales forecast.
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The Fed: Fed’s Bullard thinks inflation can come down without throwing a wrench in strong labor market
The Federal Reserve can bring inflation down without causing a steep rise in unemployment, said St. Louis Fed president James Bullard on Wednesday.
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Personal Finance Daily: IRS releases new federal tax brackets and standard deductions. Here’s how they will impact your tax bill and ‘We will not outlive our money’: How can we give $10,000 to our nieces and nephews without offending the rest of the family?
Wednesday’s top personal finance stories.
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Key Words: Walmart is still seeing ‘strong’ demand and spending, its U.S. CEO says
Speaking on NBC’s “Today” show Wednesday, Walmart U.S. CEO John Furner declined to predict whether we’d see a recession, but he offered that consumers seem increasingly to be searching for “value” in the current economy.
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: Green Thumb Industries to sell cannabis at Circle K gas stations in first-of-its-kind deal
Green Thumb is opening outlets in Circle K stores to sell cannabis to medical marijuana buyers in Florida through its Rise retail brand.
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: ‘Online trickery’: CFPB sues event-registration company for allegedly tricking customers into paying $300 million in subscriptions
People who wanted to enroll in charity races ‘found out too late that the company was running away with their money,’ CFPB Director Rohit Chopra said.
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Market Extra: The U.S. dollar continues to soar: What that means for the stock market and investors
Amid all of this year’s wild volatility in financial markets, there’s one undisputed winner: the U.S. currency.
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Earnings Results: Tesla beats on earnings but comes up short on revenue, stock falls in late trading
Tesla Inc. produced less revenue than expected despite record deliveries in the third quarter, but earnings beat analysts’ estimates.
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Earnings Results: Lam Research earnings rise after posting beat-and-raise quarter like ASML
Lam Research Corp. rose in the extended session Wednesday, adding to gains in the regular session, after the chip-making-equipment supplier posted a beat-and-raise quarter, not unlike larger ASML Holding NV earlier in the day.