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Will Medtronic Stock See Higher Levels?
BRAZIL – 2021/04/14: In this photo illustration, the Medtronic logo seen displayed on a smartphone … [+] screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Medtronic stock (NYSE: MDT) has fallen 9% in a month, underperforming the broader markets, with the S&P500 rising 3%. The company recently reported… More
- in Business, Consumer Tech, Energy, Innovation, Investing, Markets, Money, Personal Finance, Retail, Retirement, Wealth Management
Dow Drops 600 Points Ahead Of Looming Inflation Report
Topline Stocks plunged on Thursday as recession fears continued to weigh on markets and investors nervously looked ahead to a closely-watched consumer price index reading due Friday, with ongoing concern that inflation could come in higher than expected. Stocks took a hit before the upcoming consumer price index reading on Friday. Richard Drew/ASSOCIATED PRESS Key… More
- in Stocks
Hasbro defeats board challenge from activist investor Alta Fox
(Reuters) -Hasbro Inc defeated a board challenge from activist hedge fund Alta Fox with shareholders re-electing all of the company’s directors, the toymaker said on Wednesday, citing a preliminary tally of voting results. Alta Fox, which nominated one director to the company’s 13-member board, had pushed Hasbro (NASDAQ:HAS) to spin off its Wizards of the… More
Ethereum ‘double doji’ pattern hints at a 50% ETH price rally by September
ETH’s bullish reversal candlesticks form near a strong support confluence, raising anticipations about a sharp upside retracement ahead. Ethereum’s native token, Ether (ETH), looks poised to undergo a sharp upside retracement in the coming weeks after painting a so-called “double doji” pattern, accompanied by a few bullish technical indicators.Ether strong support confluence meets dojisTo recap,… More
- in Mortgage, Real Estate
Mortgage demand falls to the lowest level in 22 years, amid rising rates and slowing home sales
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York.Newsday LLC | Newsday | Getty ImagesMortgage rates are back on the upswing, after a brief decline in May, and the housing market is still suffering from a lack of listings. As a result, mortgage demand continues… More
- in Stocks
Tesla Shanghai plant restores weekly output to 70% of pre-lockdown level -sources
SHANGHAI (Reuters) – Tesla (NASDAQ:TSLA) Inc has restored weekly output at its Shanghai plant to nearly 70% of the level which it had operated at before the city’s COVID-19 lockdown, according to two people familiar with the matter. The U.S. automaker, which added a second shift of workers in the middle of last week, is… More
Crypto’s youngest investors hold firm against headwinds — and headlines
The market drawdown and UST/LUNA fiasco may discourage some retail newcomers, but younger investors remain captivated by crypto’s technology. These can be anxious times for holders of cryptocurrencies, especially those who entered the market in late 2021 when prices were cresting. Bitcoin (BTC), Ether (ETH) and especially altcoins now appear to be undergoing a major… More
Rhode Island May Be Next State To Legalize Adult-Use Weed
Governor Dan McKee during the State of Rhode Island Veterans Day Ceremony at the Rhode Island … [+] Veterans Home in Bristol, RI on Nov. 10, 2021. (Photo by Matthew J. Lee/The Boston Globe via Getty Images) Boston Globe via Getty Images Looks like Rhode Island may be the next state to legalize adult-use marijuana.… More
Fed Sees Assets Prices As Elevated, Expects To Raise Rates Further
WASHINGTON, DC – OCTOBER 04: Federal Reserve Board Chairman Jerome Powell attends an event at the … [+] Federal Reserve headquarters October 4, 2019 in Washington, DC. Powell participated in a “Fed Listens” event on “Perspectives on Maximum Employment and Price Stability.” (Photo by Win McNamee/Getty Images) Getty Images Minutes from the Federal Reserve’s May… More
Retail Stocks Rebound But ‘Feast Or Famine Environment’ May Persist Amid Shift In Consumer Spending, Experts Warn
Topline The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts predict further challenges ahead as consumer spending becomes increasingly hard to predict. The retail sector has seen a big sell-off in recent weeks as… More
Stocks Rally After Fed Minutes Show Central Bank Will Continue To Raise Rates Aggressively
Topline Stocks rallied slightly on Wednesday after minutes from the Federal Reserve’s most recent policy meeting showed that the central bank is likely to continue raising interest rates by a half-percentage point each in June and July, amid growing urgency to combat surging inflation and avoid an economic downturn. Federal Reserve Chairman Jerome Powell. Tom… More
- in Stocks
Russia stops gas flows to Finland over payments dispute
By Terje Solsvik OSLO (Reuters) – Russia’s Gazprom (MCX:GAZP) on Saturday halted gas exports to neighbouring Finland, in the latest escalation of an energy payments dispute with Western nations. Gazprom Export has demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow’s invasion of Ukraine, but Finland refuses… More
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