Shares of News Corp Cl A fall on Friday, underperform the market
Shares of News Corp Cl A NWSA, -2.13% fell 2.13% to $17.01 on Friday in what turned out to be a mixed session for the stock market, with the Dow Jones The Industrial Average DJIA, +0.23% rose 0.23% to 32,803.47 and the S&P 500 index SPX, -0.16% fell 0.16% to 4,145.19. This was the second consecutive day of losses for the stock. News Corp Cl A closed $9.41 ahead of its 52-week high ($26.42), which the company hit on August 6th. The stock underperformed some of its peers on Friday, as Thomson Reuters Corp. TRI, -1.30% fell 1.30% to $114.05,…
Read More »State-by-state financial advice and updates
Hello again everyone and welcome to our live blog with all the latest financial news coming out of the US this Saturday 16 July. Our live blog will bring you the latest updates on a variety of financial issues including gas prices, the federal gas tax holiday, the summer stimulus update, and more. In addition, there will be several money-saving tips and benefits programs that will be rolled out across the country. So, just below and with the most recent updates closer to the top, we’ll have information on how to get cheaper gas or even free gas in certain…
Read More »Twitter-Musk drama heats up in legal filings alleging misconduct
The Twitter-Elon Musk saga continued this week as the two sides traded barbs in legal filings ahead of a five-day trial that is scheduled to begin on October 17. Newly released legal documents from lawyers representing Musk in a lawsuit against Twitter claim the social media company engaged in a scheme to “deceive investors” by providing false numbers in financial filings to the Securities and Exchange Commission . Musk charges that the Twitter platform has at least twice as many bots as the company claims in SEC filings and fewer “monetizable daily active users” than it claims. Twitter shot back…
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The Dow rallied 400 points as investors cheered good US economic data and earnings
US stocks rallied on Wednesday as traders cheered better-than-expected economic data that put a damper on the idea that a recession is inevitable. The Dow Jones Industrial Average rose 406 points, or 1.25%. The S&P 500 gained 1.46% and the Nasdaq Composite rose 2.32%, boosted by gains in technology stocks. The earnings season continued, giving investors hope that the market can recover. modern increased by more than 15% and CVS Health gained nearly 5% after reporting earnings. The comments of the chairman of the Federal Reserve of St. Louis, James Bullard, also added to the sentiment. He told CNBC Wednesday…
Read More »That people with disabilities need attention, financial help | Publishers
United Way’s latest report, detailing the financial struggles of people with disabilities in Frederick and Maryland in general, was disheartening, but not particularly surprising. If people consider the lives of our neighbors with disabilities, they probably realize that disability comes with financial challenges. The survey showed that half of all people with disabilities in Maryland live in financial hardship. Here in Frederick, more city residents with disabilities are struggling than the rest of the county. The report also showed that disabled people of color are disproportionately affected. The study measures the financial conditions of people who have incomes above the…
Read More »STOCK MARKET NEWS: eBay shares rise, Clorox falls, Nasdaq leads rally, Ford shares rise
U.S. equity futures were higher on Wednesday morning, after losses in the previous session, as political tensions focused on House Speaker Nancy Pelosi’s visit to Taiwan . Major index futures suggest a gain of 0.2% as trading begins. Beijing announced a ban on imports of some Taiwanese products, but no immediate major sanctions after Pelosi’s arrival. Oil prices fell on Wednesday morning ahead of a meeting with OPEC+ producers on fears of a slowdown in global growth hitting demand for the fuel. West Texas Intermediate crude was trading around $93.00 a barrel. Brent crude futures were around $99.00 a barrel….
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Fear of War, Monkeypox Sends Stocks, Crypto Markets Down as Precious Metals Rise – Market Updates Bitcoin News
Stock and cryptocurrency markets saw volatility on Thursday, having seen fluctuations during tensions between China and Taiwan on Tuesday and Wednesday. Major indices such as the S&P 500, Dow Jones and NYSE dropped a few percentage points today, while the global cryptocurrency market cap lost 2.5% in 24 hours, falling to just above the range of 1.1 trillion dollars. Precious metals, on the other hand, traded higher when US President Joe Biden’s administration declared the monkeypox virus a public health emergency in the United States. Tensions in China and Taiwan and Monkeypox reports cause stock and crypto prices to fluctuate,…
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US job growth unexpectedly surged in July
U.S. job growth accelerated in July across nearly all industries, restoring employment nationwide to its pre-pandemic level, despite widespread expectations of a slowdown as the Federal Reserve raise interest rates to fight inflation. Entrepreneurs it added 528,000 jobs on a seasonally adjusted basis, the Labor Department said Friday, more than double what forecasters had projected. The unemployment rate fell to 3.5 percent, matching the February 2020 figure, which was a 50-year low. The strong job growth is welcome news for the Biden administration in a year in which high inflation and recession fears have been recurring economic themes. “Today’s jobs…
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