Author: super@dmin
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The Ratings Game: Block stock is ‘quite undervalued’ after large selloff for Square parent company, analyst says in upgrade
Investors don’t seem to be giving Block Inc. enough credit for its Cash App mobile wallet, especially in light of how they view other payment-technology companies.
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Economic Report: U.S. consumer sentiment falls to ‘stunning’ decade low as inflation expectations hit 13-year high
The University of Michigan’s gauge of consumer sentiment fell to an initial February reading of 61.7 from January’s level of 67.2, the lowest reading since October of 2011.
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Coronavirus Update: Biden says it’s ‘probably premature’ for states to drop face mask requirements as Nevada and its casinos become latest to do so
President Joe Biden said it’s “probably premature” for states to drop their indoor face mask requirements, as Nevada became the latest to scrap it at most places including its casinos.
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Weekend Sip: A Super Bowl sip for dogs? Busch offers a ‘beer’ for the canine set
We let our pooch try the faux brew — and then we sampled it ourselves (yes, it’s safe for humans to consume)
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MarketWatch Premium: These eight stocks — all highly indebted — may benefit most from higher inflation
Higher inflation deteriorates the present value of debt at a faster rate. Among potential beneficiaries are Apple and IBM.
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Dow Jones Newswires: Shell, BP amassed cash in 2021 as energy shortage unfolded
After the coronavirus pandemic shocked the energy industry in 2020, oil and gas companies have bounced back.
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Futures Movers: Oil gains ground but threatens to snap streak of 7 weekly gains
Oil futures pushed higher Friday, finding support after the International Energy Agency underlined a tight market. But crude threatens to snap a streak of seven straight weekly gains.
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Metals Stocks: Gold edges lower, but on track for weekly rise
Gold futures edge lower Friday, but were on track for weekly gains as the yellow metal finds support after a surge in inflation.
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: Yelp’s annual revenue tops $1 billion again on quarterly sales, earnings beat
Yelp Inc. passed $1 billion in annual sales for the second time Thursday, topping analysts forecasts and issuing revenue guidance for fiscal 2022.
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London Markets: London stocks struggle after stronger-than-expected UK economic growth data
The week is set to deliver a gain for London stocks, but Friday’s session was a struggle as growth data came in stronger than expected and global inflation worries weighed.