GDP

Wall Street surges, propelled by the technological rebound

Wall Street surges, propelled by the technological rebound

Baker Hughes stumbles upon missing fourth-quarter earnings estimates Activist investor Elliott Management takes stake in Salesforce Tokens on track for biggest daily gain since November Indices up: Dow 0.98%, S&P 1.41%, Nasdaq 2.09%, NEW YORK, Jan 23 (Reuters) – Wall Street surged on Monday, led by tech stocks as investors embarked on an earnings-heavy week …

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Earnings from Tesla, Microsoft and Boeing, plus GDP for the week ahead

Earnings from Tesla, Microsoft and Boeing, plus GDP for the week ahead

Harvard economist Jason Furman shares his economic outlook for 2023, focusing on recession fears, the Federal Reserve program and geopolitical factors. This will be a busy week for investors whose income comes from defense, credit cards and airlines, all reporting quarterly results. The stock market is coming off a mixed week with the Dow Jones …

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The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

BENGALURU, Jan 20 (Reuters) – The U.S. Federal Reserve will end its tightening cycle after hiking 25 basis points at each of its next two policy meetings, then likely keep interest rates stable for at least the next rest of the year, according to most economists in a Reuters poll. Fed officials generally agree that …

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Stock market down sharply on unemployment insurance claims, solid GDP;  Meme Stock AMC Plunges Into Capital Raise

Stock market down sharply on unemployment insurance claims, solid GDP; Meme Stock AMC Plunges Into Capital Raise

The stock market fell sharply Thursday morning, led by the tech sector, after little change in jobless claims and stronger-than-expected economic growth. Low income from chipmaker Micron Technology (MU) and meme stock AMC EntertainmentThe capital increase of (AMC) also hurt the shares. X The Nasdaq composite fell 2.8% while the S&P 500 fell 2%. The …

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Stocks climb to end the week

Stocks fall sharply after GDP and jobless claims

The Dow Jones Industrial Average fell more than 325 points on Thursday following early jobless claims and another estimate of third-quarter gross domestic product. Chip stocks came under pressure after weak quarterly results from Micron Technology. And CarMax plunged as it signaled consumers were beginning to balk at car prices. X The Labor Department said …

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US heading for shallow recession, no respite yet from rate hikes: Reuters poll

US heading for shallow recession, no respite yet from rate hikes: Reuters poll

BENGALURU, Dec 9 (Reuters) – The U.S. economy is heading for a short and shallow recession over the coming year, according to economists polled by Reuters who unanimously expected the Federal Reserve to US opts for a lower interest rate hike of 50 basis points in December. 14. The Fed still has at least half …

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California is set to become the world’s fourth largest economy, according to a column from Bloomberg News.

California is on the verge of becoming the 4th largest economy in the world. Here’s how and when

California is on track to become the world’s fourth largest economy, according to a Bloomberg News column. Hector Amezcua hamezcua@sacbee.com If California were a nation, it would be the fifth largest economy in the world. Soon he could become the fourth. The Golden State is on course to overtake Germany for fourth place, according to …

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