S&P 500 scales new record high on tech boost

(Reuters) -The S&P 500 hit a record peak on Thursday, helped by gains in tech-related stocks as weaker-than-expected jobless claims data bolstered the Federal Reserve’s stance to keep interest rates lower for a longer period.FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File PhotoApple […]

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The stock market could soar 40% as the bull market enters its 3rd inning, Wharton professor Jeremy Siegel says

Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images The bull market in stocks is just getting started, according to Wharton professor Jeremy Siegel. Siegel said the stock market could surge 40% from here before it stages a 20% correction. "I have never seen a Fed Chairman so dovish," Siegel said of Jerome Powell in an interview with CNBC. Sign up here […]

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Discovery And Comcast Set A Deal To Bring Discovery+, Motor Trend And Food Network Kitchen To Xfinity X1 And Flex

Discovery and Comcast have set an agreement bringing streaming services Discovery+, Motor Trend and Food Network Kitchen to the Xfinity X1 and Flex platforms. Availability has already started for Discovery+ on Flex, a broadband video package now in more than 3 million U.S. homes. The streaming service will be integrated into the Xfinity X1 pay-TV interface in the coming weeks, […]

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U.S. Stocks Remain Mostly Positive, S&P 500 Hovering Above 4,000

Stocks are mostly positive in mid-day trading on Thursday, with technology stocks holding on to strong gains after an early rally. With the upward move on the day, the S&P 500 has reached a new record intraday high above 4,000. After underperforming earlier in the session, the Dow has recently joined the Nasdaq and S&P 500 firmly in positive territory. […]

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Investors are borrowing a record amount to bolster their stock portfolios – and it's raising red flags reminiscent of the period before the Great Financial Crisis

JOHANNES EISELE/AFP via Getty Images Investors are borrowing a record amount against their investment portfolios, according to margin debt data from FINRA. At the end of February, investors had borrowed $814 billion against their investments. That's a 49% year-over-year increase, representing that fastest jump since 2007. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A […]

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US economy added 916,000 jobs in March

Jeb Bush is the 43rd governor of Florida and founder and chairman of ExcelinEd. The opinions expressed in this commentary are his own. America doesn’t have a jobs problem. It has a pathways-to-jobs problem problem. Our economy is producing jobs — there were 7.4 million open jobs as of February in the midst of a pandemic — but our education […]

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