Author: super@dmin
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: J&J exec says biotechs aren’t ‘necessarily on sale’ even after a challenging 2021
The comments made by a Johnson & Johnson executive earlier this week about biotechnology valuations calls attention to the struggling biotech sector.
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: AMD wins Chinese conditional approval for Xilinx deal
Advanced Micro Devices Inc. won clearance from Chinese regulators for its planned $35 billion acquisition of fellow chipmaker Xilinx Inc., the company confirmed in a Thursday filing.
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Economic Report: U.S. economy grows 6.9% in fourth quarter, GDP shows, as businesses restock and consumers boost spending
The U.S. economy sped up toward the end of 2021 before a late omicron surge, expanding at an annual 6.9% pace as consumers spent more and businesses stocked back up.
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Economic Report: U.S. durables-goods orders drop sharply in December
Orders for durable goods fell 0.9% in December, the Commerce Department said Thursday.
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Economic Report: U.S. jobless claims drop 30,000 to 260,000 as omicron wave fades
New applications for U.S. unemployment benefits fell by 30,000 last week to 260,000, signaling that disruptions in the labor market tied to omicron are starting to fade.
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Europe Markets: Banks rally while techs struggle as European stocks edge higher
Deutsche Bank shares rallied Thursday after the German lender reported a surprisingly strong fourth-quarter profit, driven by asset management and corporate banking units.
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London Markets: Global outperformer FTSE 100 gains as banks rise post Fed, but Dr. Martens shares get stomped
A heavy concentration in banks was keeping the FTSE 100 in the black, following the Fed meeting, while famed boot-maker Dr. Martens fell out of favor with investors.
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Key Words: ‘What’s next, pillows?’ Vitali Klitschko unimpressed with Germany’s helmet offer for Ukraine
Germany’s offer of 5,000 helmets to Ukraine wasn’t exactly impressing the country that has seen Russia station thousands of troops along its borders.
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Metals Stocks: Gold futures head 1% lower as dollar surges after Fed points to start of rate hikes in March
Gold futures trade lower on Thursday, a day after the U.S. Federal Reserve signaled that it would soon be appropriate to raise interest rates as soon as March.
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: Is it worth buying long-term care insurance? These three things will help you decide
Long-term care itself is a consideration most people will face. Whether you need insurance is another matter.