The stock is on its longest winning streak since late 2021 [Video]
US stocks soared on Friday as a recovery fueled by lighter-than-expected inflation data this week helped equity markets post their longest winning streak since November 2021 . Tech stocks led the gains again, with the Nasdaq up 2.1% to close above 13,000 for the first time since April 25. The S&P 500 rose 1.7% as the benchmark index posted a fourth straight weekly gain and the Dow Jones Industrial Average rose 420. points, or about 1.3%. apple (AAPL) shares gained 2% following a Bloomberg News report this indicated that the tech giant expects to maintain iPhone sales in 2022 despite…
Read More »Truss calls for powers to overrule city regulators
Liz Truss is set to give politicians the power to veto decisions made by regulators if she becomes prime minister, as a war of words between the Conservative Party leadership candidate and the Bank of England is set to intensify. Claiming that organizations such as the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority are slowing the pace of post-Brexit reforms, Truss says he will press ahead with plans to give ministers a power called ” call” on regulatory decisions when they believe it is in the public interest. Chancellor Nadhim Zahawi was to include the measure…
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Trump under investigation for possible violation of the US Espionage Act
Donald Trump is under investigation for possible mishandling of information related to the national defense of the United States in violation of the Espionage Act, along with other possible violations related to the handling of government documents, according to the order of the FBI to search former president’s home. The search of Trump’s Mar-a-Lago estate on Monday, which sparked a strong backlash among his political supporters, resulted in the recovery of a large number of classified and highly sensitive documents related to national security , court documents released Friday revealed. The warrant, which was signed by a federal judge on…
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Go to the knowledge: Record wage increases are coming, the magic number for Social Security and the best financial news of July 18
kupicoo / iStock.com Today is World Hug Your Kids Day, so if you’re a parent who needs more of an excuse to give your kids a loving bear hug, don’t miss your chance. Then come back and learn about today’s top financial stories. The big plus: record pay rises to cover in 2023 The tight labor market will boost wages by their highest percentage in 15 years in 2023, according to a new survey from advisory firm Willis Tower Watson, but the extra pay may not do much to offset rising prices. Bonus offer: Open a new Citi Priority account…
Read More »Why healthcare is currently the best sector in the market
Michael Brush is a MarketWatch columnist. At the time of publication, I had no position in any of the securities mentioned here. Brush has suggested Seagen, Merck, BioMarin, Biogen, Bristol-Myers Squibb and Zimmer Biomet in his newsletter, Brush Up on Stocks You are tempted to increase your exposure to stocks because of market strength. But you are still shy because of the painful sale. Also, you worry about a recession. what should you do Buy health care stocks. They have a lot of defensive characteristics that help them outperform in recessions and at the end of business cycles. But they…
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Good financial news for Newburgh
MOody’s Investor Services (MIS) has upgraded the City of Newburgh’s credit rating from Baa2 to A3. The city moves from being identified as a moderate credit risk to the category of being a low credit risk. This is good financial news for the city, as a better credit rating helps make it more attractive to lenders while improving its image. In announcing the upgrade to the credit risk categories, Newburgh said the credit upgrade will save him, local businesses and taxpayers money as the city tackles needed infrastructure improvements. The city also received Moody’s highest governance rating, G1, which sheds…
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Unionbank of the Philippines to support cryptocurrency exchange via mobile app – Finance Bitcoin News
Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its customers. The financial institution will offer select users of its mobile app the option to exchange bitcoins and other digital currencies without a separate wallet. Unionbank will add in-app crypto exchange feature, reportedly a first in the Philippines Union Bank of the Philippines (union bank) is working to become the first universal bank in the country to facilitate the exchange of cryptocurrencies within its mobile application. Users will be able to buy and sell cryptocurrencies like bitcoin directly from the…
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Zimmer Biomet reports increased net sales in Q2 2022 financial results
August 13, 2022 1 min of reading ADD SUBJECT TO EMAIL ALERTS Receive an email when new articles are published Provide your email address to receive an email when new articles are published . ” data-action=”subscribe”> Subscribe We were unable to process your request. Please try again later. If you continue to have this issue, please contact customerservice@slackinc.com. Return to Healio Zimmer Biomet has announced an increase in net sales in its financial results for the second quarter of 2022, according to a company press release. Zimmer Biomet reported $1.782 billion in net sales for the quarter, up 1% from…
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