Tag: Wall Street
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Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett’s massive cash hoard
Strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.
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Dollar drops, stocks climb as weak US jobs data eases rate fears
NEW YORK: The dollar fell sharply Friday (Aug 7) after the US economy shed thousands of jobs in July, an economic blow that lowered the risk of an interest rate hike by the Federal Reserve th
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Odds the Fed will hike in September tumble following big July jobs miss
A weaker labor market would weaken the case for raising rates, which some members of the central bank have called for amid higher energy prices.
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Oil price shoots up as stocks tread water
Oil prices rose as reports of a potential ban on US and Israeli vessels using the Strait of Hormuz raised market concerns.
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Copper jumps to its highest level ever. What the metal is telling us
Once a reliable gauge if economic health, “Dr. Copper” may be giving complicated signals this year.
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CFRA gets more bullish, hikes S&P 500 year-end target to 8,050
The firm said the revision reflects a confluence of fundamental, technical and historical factors bolstering the market.
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United Wholesale Mortgage plunges 40% after suspending dividend and raising capital
“We’re taking decisive action to make UWM stronger, more liquid and better positioned to win for years to come,” CEO Mat Ishbia said in a statement.
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Traders on Kalshi now think it’s likely that the S&P 500 will hit 8,000 in 2026
The rise in odds come after the broad index hit record highs in a more than 5% four-day rally that ended Wednesday.
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Dow edges to record as markets parse prospects for Hormuz deal
Analyst Patrick O’Hare said markets remained “bullish minded” on hopes of reopening the Strait of Hormuz.
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Major Wall Street firms targeted in attempted cyberattacks, sources say
(This story has been republished to change an incorrect image)By Pritam Biswas, Raphael Satter and Anirban SenNEW YORK, Aug 5 : Hackers attempted a series of sophisticated cyberattacks on major Wall Street financial services firms and money managers in recent days, targeting their information systems,
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