(Reuters) – Some investors are scooping up shares of beaten-down telecommunication network stocks, betting that companies like AT&T and Verizon offer value despite cutthroat competition and muted prospects for revenue growth.FILE PHOTO: A trader speaks on a phone outside the New York Stock Exchange (NYSE) following Election Day in Manhattan, New York City, U.S., November 4, 2020. REUTERS/Andrew Kelly While […]
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The futures were higher again on Thursday, after the markets kept the winning streak alive on Wednesday. Once again, all the major indexes printed fresh all-time highs, and the risk-off strength could very well stay in place after the services numbers and factory orders came in way above expectations. Two additional positives for the risk-on crowd was the ADP private […]
Read more* MSCI EM stocks index up 0.5%, currencies index up 0.1% * Turkish lira underperforms amid monetary policy worries * Gains in S.African rand limited by ANC’s poll results * Chinese developer Kaisa plunges 15% Nov 4 (Reuters) – Emerging market stocks broke a seven-day losing streak on Thursday after the U.S. Federal Reserve signalled it is not in a […]
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FAIRFAX, Va. (Reuters) -Republicans pushed Democrats out of the Virginia governorship and came up just short of an upset in heavily Democratic New Jersey on Wednesday, signaling trouble for President Joe Biden’s party heading into next year’s congressional elections.Virginia Republican gubernatorial nominee Glenn Youngkin speaks during his election night party at a hotel in Chantilly, Virginia, U.S., November 3, 2021. […]
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On Wednesday, the Federal Reserve is expected to announce it will start unwinding its $120 billion monthly bond purchases – a program it started to support the economy during the pandemic. Fed Chairman Jerome Powell is likely to stress the end of the bond program and the start of rate hikes are not connected, but the market is already aggressively […]
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New York (CNN Business)Hertz has made a lot of headlines lately thanks to its deals with Tesla and Uber. Wall Street has noticed, too. But rival rental car company Avis Budget is doing even better. Shares of Avis Budget (CAR) have surged 125% since July and are up 370% so far in 2021. The company will report its third quarter […]
Read moreUS economy will normalize if Fed raises rates next year: Market expert Mahoney Asset Management CEO Ken Mahoney weighs in on the ‘great’ earnings season and the Federal Reserve’s expected moves. U.S. stock futures were little changed as traders await the Federal Reserve’s latest policy decision. Dow Jones Industrial Average futures fell 43 points, or 0.12%, while S&P 500 futures […]
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(Reuters) – Merck has signed eight deals to sell more than a total of 2 million courses of its experimental COVID-19 pill molnupiravir to governments around the world as countries scramble to tame the virus.FILE PHOTO: An experimental COVID-19 treatment pill called molnupiravir being developed by Merck & Co Inc and Ridgeback Biotherapeutics LP, is seen in this undated handout […]
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LONDON (Reuters) -Anglo American Plc named insider Duncan Wanblad as its new chief executive officer on Wednesday, in a widely expected move that will see current boss Mark Cutifani, who led the miner for nearly a decade, leave in April.FILE PHOTO: The logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine, […]
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