business news

Fed can’t stop raising interest rates due to these 4 factors

CNBC’s Jim Cramer on Monday listed four reasons why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are reentering the workforce. That makes it more difficult for the Fed to stamp out wage inflation. There’s a mismatch between job openings and job seekers. While many engineers are needed to carry …

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Buy Frasers Group and Next plc stock, fund manager says, ahead of recession

London-listed retailers Frasers Group and Next are two clothing retailers that will “dominate” the sector during a recession, according to a veteran Schroders fund manager. Andrew Brough, who runs the Schroder UK Mid Cap Fund, said the two conservatively run companies are well placed to expand and take market share during a downturn through acquisitions. …

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S&P 500 futures fall slightly as investors wait Friday’s US jobs data

S&P 500 futures were slightly lower Thursday night as investors looked ahead to the November jobs report. Futures tied to the benchmark stock index dipped 0.15%. Dow Jones Industrial Average futures were lower by 0.15% and the Nasdaq 100 futures fell 0.25%. Shares of tech companies were on the move in after-hours trading following quarterly …

S&P 500 futures fall slightly as investors wait Friday’s US jobs data Read More »

S&P 500 futures fall slightly as investors wait Friday’s US jobs data

S&P 500 futures were slightly lower Thursday night as investors looked ahead to the November jobs report. Futures tied to the benchmark stock index dipped 0.15%. Dow Jones Industrial Average futures were lower by 0.15% and the Nasdaq 100 futures fell 0.25%. Shares of tech companies were on the move in after-hours trading following quarterly …

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This ‘defensive’ software stock could jump 70% going forward, Mizuho predicts

Investors should consider buying Intuit heading into 2023 as a defensive way of gaining exposure to the software sector, according to Mizuho. Analyst Siti Panigrahi reiterated a buy rating on Intuit after the company reported its latest quarterly results. The analyst said the company is set up to beat expectations next year after de-risking guidance …

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China’s Covid infections drop for the first time in more than a week

China’s capital city of Beijing is one of the hardest hits in the latest Covid wave. Pictured here is a health worker outside a locked down apartment complex on Nov. 27, 2022. Kevin Frayer | Getty Images News | GettyImages BEIJING — Mainland China reported the first decline in daily Covid infections in more than …

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Cramer says these 5 factors could help the Dow keep beating the other major indexes

CNBC’s Jim Cramer on Monday explained why he believes the Dow Jones Industrial Average will continue to outperform the Nasdaq Composite and S&P 500 next year. “As we head into the end of the year, Wall Street tends to crowd into the biggest winners, which is why I expect the Dow to keep outperforming the …

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Retailers roll out stricter return policies ahead of the holidays

The holiday shopping season is always closely followed by a spike in gift returning. But this year, it may be harder to bring things back for free or at a lower cost. Roughly 60% of retailers said they’re making changes to existing returns policies, with fewer promising free returns, according to a recent survey of …

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Binance, others line up bids for bankrupt Voyager after FTX collapsed

Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | GettyImages Binance and other crypto firms are preparing takeover offers for beleaguered digital currency lender Digital Voyager after FTX, which had initially agreed …

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