Tech leads stocks higher as earnings pile up, ECB raises rates
Technology stocks led the markets higher for a third straight session on Thursday as investors weighed in on a slew of mixed earnings and a surprise rate hike by the European Central Bank. [Click here to read what’s moving markets on Friday, July 22] The tech-heavy Nasdaq Composite gained 1.3%, while the benchmark S&P 500 rose 1%. The Dow Jones Industrial Average added 160 points, or 0.5%. Amazon Stock (AMZN) rose for a seventh straight day, putting the e-commerce giant on pace for its longest winning streak since June 2020. Shares rose 13% over the seven-day period, but remain more…
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Stocks were mixed in a choppy session amid lingering inflation and growth concerns
US stocks ended Wednesday’s session mixed with none of the major averages posting changes of more than 0.3%. The S&P 500 fell 0.1%, the Dow gained 0.2% and the Nasdaq fell 0.03%. Bitcoin was one of the biggest movers of the day, falling below $20,000 at one point and hovering just above that key level at the close of the US stock market. West Texas Intermediate crude futures briefly rose above $113 a barrel for the first time in two weeks before falling, while the 10-year Treasury yield fell below 3.15%. The latest bout of volatility in markets came amid…
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Analysts say these 3 stocks are their top picks for the rest of 2022
Goodbye July, it’s been a pleasure. Sentiment may finally be turning on Wall Street after the stock market posted its best month since November 2020, boosted by better-than-expected quarterly results from tech giants and the prospect of the Fed tapering future rate hikes . The major indexes are still down for the year, but we are clearly in the middle of a rebound. Where this rally will go is anyone’s guess. For now, Wall Street analysts are busy picking the stocks they think are best positioned for gains over the remainder of 2H22. These “Top Picks” are an interesting group…
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Can China Evergrande Save With Debt Restructuring?
China’s struggling Evergrande Group will offer bundles of assets to creditors as a sweetener to agree to restructuring its offshore debt, as problems in the country’s real estate sector continue. Evergrande’s proposed restructuring came Friday as the company tries to keep its head above water as real estate companies lurch from one crisis to another, extinguishing a series of debt lawsuits. So how did it come to this and will this latest move save the Evergrande Group? How did Evergrande reach the public? President Hui Ka Yan was founded Evergrande in Guangzhou in 1996 and listed the company in Hong…
Read More »The talks between Goldman and JPMorgan fueled fears of weakened rules
Goldman Sachs and JPMorgan noted meetings with a high-profile group looking into the future of lock-in reforms, raising concerns about the role of big banks in crafting financial bailouts. The meetings came as the Treasury sets up a task force to review the future of the bank shutdown, according to people familiar with the matter. Records obtained by Financial News show how influential City groups, including Wall Street banks, got the ear of a panel reviewing the rules far more often than groups representing consumers. While the panel recommended the government keep the core of the lock-in regime, which seeks…
Read More »DENSO announces first quarter financial results | Newsroom | news
KARIYA (Japan) ―DENSO, a leading mobility provider, today announced its global financial results for its first quarter, ending June 30, 2022, for fiscal year 2023, ending March 31 of 2023: Consolidated revenue totaled ¥1.415 billion (US$10.4 billion), up 4.3% from the previous year. Consolidated operating profit was ¥63.6 billion (US$0.5 billion), a decrease of 40.6% from the previous year. Consolidated profit attributable to owners of the parent company amounted to 51.9 billion yen (US$0.4 billion), a decrease of 41.9% from the previous year. “First quarter revenue increased compared to the prior year due to sales expansion and foreign exchange gains,…
Read More »Area candidates’ financial reports reveal huge monetary gap | Local news
As political campaigns begin to kick off ahead of the November election, the Republican incumbents of two contested seats in the Texas House have far more money in their war chests than their Democratic rivals. According to data from the Texas Ethics Commission website, state Rep. Brad Buckley, R-Salado, has a total of $194,685.62 cash on hand, while state Rep. Hugh Shine, R-Temple , has $853,144.60, according to reports filed in Texas. Ethics Commission. Jonathan Hildner, D-Killeen, who is challenging Buckley for his District 54 seat, reported a total of $10,165.75 cash on hand, and Tristian Sanders, D-Killeen, who has…
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The abortion pill boom in the United States raises legal and ethical questions
The Supreme Court’s ruling striking down legal protections for abortion is transforming the delivery of reproductive health care in the US, as telehealth startups fill treatment gaps caused by restrictions and bans. Hey Jane and Choix, which dispense abortion pills to women after online inquiries, have raised millions of dollars in venture capital funding to expand their services, as demand rises after abortion clinics closed in several states controlled by Republicans. At least a dozen nonprofit telehealth providers, including Just The Pill and Aid Access, are also ramping up operations. In some cases, the groups provide access to emergency contraceptive…
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