Tag: Breaking News: Markets
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Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
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Here are Thursday’s biggest analyst calls: Micron, Apple, Intel, SanDisk, Netflix, Qualcomm, CoreWeave & more
Here are the biggest calls on Wall Street on Thursday.
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JPMorgan names Doug Petno and Troy Rohrbaugh co-presidents as longtime exec Marianne Lake exits
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenu JPMorgan Chase on Thursday promoted two of its top executives into newly created co-president roles, marking the latest step in CEO Jamie
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Wendy’s shares soar for a second day as retail investors pile into their new meme darling
The stock’s advance appeared largely disconnected from company fundamentals and instead reflected a burst of social-media enthusiasm.
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Iraq piles pressure on OPEC over quota dispute after UAE exit
Reuters reported that though Iraq had considered leaving OPEC, the current plan is to remain a member of the group while seeking a higher output quota.
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Bitcoin is having a tough year. Traders are betting it’s going to get worse
Options traders are treating this break like it could be the tip of an iceberg.
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Stocks making the biggest moves premarket: Micron, Qualcomm, IBM, Wendy’s & more
These are the stocks posting the largest moves in the premarket.
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Darden Restaurants earnings beat estimates but Olive Garden growth weakens
Same-store sales growth at Darden’s fine-dining restaurants and Olive Garden fell short of expectations.
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Micron stock jumps over 16% in premarket trading after blockbuster earnings
The company’s revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion, it reported on Wednesday
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Defense stocks slide again, as Germany’s naval U-turn shakes confidence in Europe’s rearmament boom
Rheinmetall and other European defense stocks fell for a second day, after Germany scrapped the F126 naval program, raising procurement concerns.
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