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PublishedApril 1, 2024
Trump Media lost $58 million on $4 million in sales last year
The discrepancy between where Trump Media’s shares trade and how the underlying business performs indicates that investors use it as a way to bet on Trump’s push for reelection.
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PublishedMarch 28, 2024
Stock market surge rewards S&P 500 with best start since 2019
The benchmark index gained more than 10% over the first 3 months of 2024, while the Dow Jones rose by 5.5%.
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PublishedMarch 6, 2024
Wall Street rises to recover some of its losses from its worst day in weeks
In stock markets abroad, indexes were mixed with mostly modest moves across Europe and Asia.
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PublishedFebruary 9, 2024
Wall Street waltzes past its latest milestone as S&P 500 closes above 5,000 for first time
Such milestones don’t carry much weight for a market that’s supposed to move on hard data. But they can juice the spirits of a market that can also be prone to emotional moves.
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PublishedJanuary 24, 2024
As Republican rivals collapse, Wall Street warms to second Trump term
Titans of industry have softened their stance on Trump as his team seeks to win over former donors to his rivals.
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PublishedDecember 14, 2023
Wall Street makes zero progress in energy finance transition
The industry needs to get to a 4-to-1 ratio of clean energy versus fossil fuel financing by 2030. At the end of last year, it was 0.73 to 1 – little changed from 2021.
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PublishedDecember 13, 2023
Dow hits a record high after the Fed signals interest rate cuts are coming
Wall Street loves lower interest rates because they can relax the pressure on the economy and goose prices for all kinds of investments.
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PublishedMarch 22, 2023
Federal Reserve raises key rate by a quarter-point despite bank turmoil
The Fed says the U.S. banking system is 'sound and resilient,' but warns that the financial upheaval stemming from the collapse of 2 major banks is 'likely to result in tighter credit conditions' and 'weigh on economic activity, hiring and inflation.'
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PublishedMarch 13, 2023
Bank stocks tumble while others rise on hopes for easier interest rates
The most pressure is on the regional banks a couple steps below in size of the massive, 'too-big-to-fail' banks that helped take down the economy in 2007 and 2008.
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PublishedMarch 7, 2023
Fed chairman Powell signals increased rate hikes if economy stays strong
The Federal Reserve chair acknowledged that inflation 'has been moderating in recent months' but added that 'the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy.'
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