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Tag Archives: Wall Street

Facebook, Verizon power Wall Street to record levels

(Reuters) – U.S. stocks added to their record levels at the open on Thursday, driven by gains in Facebook and Verizon. Facebook (FB.O) jumped 4.23 percent, lifting both the S&P 500 and the Nasdaq Composite indexes, after the social network’s results beat Wall Street estimates. Verizon (VZ.N) surged 6 percent …

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Amazon’s moves beyond retail get Wall Street thumbs up, for now

Amazon.com Inc’s ventures far beyond online retail, from cloud computing to movie making, are raising questions among corporate strategy experts about its focus. The Seattle-based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. But there are concerns …

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Wall Street gears up for busiest earnings week in years

Forget about French elections or the flagging Trump trade. Corporate America is set to unleash its biggest profit-reporting fest in at least a decade next week, with more than 190 members of the S&P 500 index .SPX delivering quarterly scorecards, according to S&P Dow Jones Indices data. The lineup accounts …

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Asia stocks mixed after strong Wall Street, dollar gains on U.S. data

Asian shares were mixed and the dollar extended its overnight gains on Friday on signs of strong U.S. economic growth, while the euro inched up after sliding overnight on data suggesting slowing growth in Europe. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS retreated 0.15 percent, as investors balanced …

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Trump Tantrum looms on Wall Street if healthcare effort stalls

The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration’s healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth. Investors are dialing back hopes that U.S. President Donald Trump will swiftly enact …

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Wall Street bonuses may show first uptick since 2009, firm says

Wall Street bonuses may climb as much as 15 percent this year in their first meaningful uptick since 2009, compensation firm Johnson Associates Inc said on Friday. An increase in market volatility since the election of U.S. President Donald Trump may boost trading profits, the firm said in a presentation …

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Warren Buffett rails against fee-hungry Wall Street managers

Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc (BRKa.N) shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy plain-vanilla index funds. “When trillions of dollars are managed by Wall Streeters charging high fees, it will …

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Wall Street edges higher to give Dow 11th straight record

Wall Street edged higher on Friday, with the Dow extending its streak of record-setting gains to 11 days, as increases in utilities and other safety plays outweighed declines in financials. Major Wall Street indexes have rallied to record levels since the election of Donald Trump as U.S. president, boosted by …

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Apple defies Wall Street with strong revival in iPhone sales

Apple Inc reclaimed the throne as the world’s top smartphone seller for the first time in five years on Tuesday, beating out rival Samsung in units shipped for the holiday quarter and boosting revenues with a strong showing for its new, top-of-the-line iPhone 7 Plus. The iPhone sales numbers, and …

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Yahoo beats Wall Street view, sees Verizon deal closing in second quarter

Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The $4.8 billion Verizon transaction had originally been expected to close …

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