Fri, December 09, 2022

Betsy Miller

Stock Market Comes Under Pressure Again

Stock Market Comes Under Pressure Again

Investors continue to worry that stronger-than-expected economic data will lead authorities to keep interest rates higher for longer. Potentially, this will weigh on the economy next year, as the stock market inched mostly down on Wednesday. The S&P 500 dropped 7.34 points to 3933.92, extending its losing streak to five days. The Nasdaq Composite focused …

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Robinhood is Entering the Retirement Game

Robinhood Is Entering the Retirement Game

The new offering from the fintech firm, Robinhood, has a waitlist. In an uncertain economy, Robinhood Markets offers its consumers retirement accounts for the first time, hoping that the tax benefits and matching contributions will spur investment interest. Until a user’s annual contribution limit is reached, the company will match 1% of what they contribute …

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Stocks Plunge to Start the Week with Losses

Stocks Plunge and Start the Week with Losses

Concerns over whether aggressive Federal Reserve tightening might lead to a recession triggered stocks to plunge on Monday. After capping a back-to-back weekly rise, the S&P 500 was under fire. The Federal Reserve’s potential to slow down its interest-rate increases boosted the benchmark index by 1.2% last week, extending a November rally. The Nasdaq Composite …

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Apple Diversifying Production Away from China

Apple Diversifying Production Away from China

According to individuals familiar with the discussions, Apple has accelerated its intentions to relocate some of its manufacturing outside China. It has long been the principal nation in the manufacturing chain. They claim to be instructing manufacturers to prepare more carefully for Apple devices production elsewhere in Asia; they are considering India and Vietnam. They …

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The Optimism of Slowing Interest Rate Only Goes So Far

The Spark of Slowing Interest Rate Only Goes So Far

The all-important jobs report caused a lot of volatility near a key technical level. Traders were looking for indications of the Federal Reserve’s next policy moves. Bond yields fell, and the dollar weakened. A battle erupted near the 200-day moving average of the S&P 500, which some investors saw as signaling that a rally would …

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SpaceX Given Green Light on 7,500 More Starlink Satellites

SpaceX Given Green Light on 7,500 More Starlink Satellites

Elon Musk’s SpaceX received conditional approval from US authorities. This means the green light to build a new large constellation of Starlink satellites subsequently. Shortly, the plan is to make 7,500 spacecrafts. SpaceX was initially known as Space Exploration Technologies Corp. Musk’s closely held firm informed the FCC in May that it had conducted around …

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Stocks Finish Lower in Run-Up to Powell’s Speech

Stocks Finish Lower in Run-Up to Powell’s Speech

Traders Are Pessimistic About the Upcoming Powell Speech Traders were hesitant to make large bets in advance of Jerome Powell’s speech on Wednesday, so stocks cut much of their losses. Gains in energy and financial companies tempered big tech’s decline. Amazon.com’s stock has dropped as the company sells investment-grade debt. The average volume for the …

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Stock Markets Close Lower Due to China's Social Turmoil

Stock Markets Close Lower Due to China’s Social Turmoil

Investors have had a rough ride throughout most of 2022, and Monday was no exception. As markets were impacted by Chinese social unrest over the protracted COVID limits, stock markets dropped. Demonstrations erupted over the weekend in mainland China, and people voiced their displeasure with Beijing’s zero-COVID policy. Earlier this month, Beijing adjusted some policies …

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The Stock Market is Spiraling Upwards

The Stock Market Is Spiralling Upwards

The Stock Market’s Reaction to The Fed Outlook Resulted in A Positive Week for Stocks Investors evaluated prospects for less-aggressive central bank tightening and weighed China’s latest move to nurture its economy before the end of Friday. Markets surge. For much of Friday’s condensed trading day, the S&P 500 was undecided. Nevertheless, the index reached …

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Regulators Eye Twitter and Broader Tech Layoffs

Regulators Eye Twitter and Broader Tech Layoffs

Twitter is under “investigation” by Ireland’s Data Protection Commission. The question is if it still has the appropriate personnel to ensure compliance with the European Union’s privacy legislation. The EU privacy legislation is also known as the General Data Protection Regulation or GDPR. According to a spokesman for the Irish regulator, the firm insisted last …

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Elon Musk Will Reinstate Suspended Accounts

Elon Musk Will Reinstate Suspended Accounts

Elon Musk announced he would restore deleted Twitter Inc. accounts. These include previously banned users who expressed hate speech, incited violence or engaged in other actions that violate the company’s rules. This puts the ‘safe online space’ under a question mark. According to a survey conducted by Musk on Twitter last week, 72% of respondents …

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