Markets pulled back on Friday after a fairly strong rebound in Thursday’s session, despite a relatively disappointing consumer price index (CPI) print. While CPI was relatively close to analysts’ predictions, the core CPI was at its worst level in 40 years, and many thought this spelled doom and gloom for the markets. In Friday’s session, the Nasdaq led the charge […]
Read morevideo Stocks soar as investors shrug off hot inflation report American Action Forum President Douglas Holtz-Eakin discusses the latest inflation report and how it will affect families on ‘Fox Business Tonight.’ Here are the key events taking place on Friday that could impact trading. BANK EARNINGS: The big banks unofficially kick off third-quarter earnings season Friday morning. JPMorgan Chase, Wells […]
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Electric-vehicle maker Lucid said Wednesday that it’s on track to meet its revised 2022 sales guidance after it delivered just under 1,400 cars in the third quarter. Lucid (US:LCID) said the 1,398 vehicles it sold in the quarter was about double the second quarter’s 679. It added that it manufactured 2,282 cars in the third quarter, which it said was […]
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The third quarter started with a relief rally, but the end was consistent with the performance of the first two quarters. The Morningstar US Market Index was down 4.6% during the third quarter. The communication services and real estate sectors were among the weakest, while consumer discretionary and energy sectors proved resilient. Amid such a backdrop, let’s take a look […]
Read morevideo FOX Business Flash top headlines for October 13 Check out what’s clicking on FoxBusiness.com Orange juice prices are likely headed higher. Hurricane Ian damaged what was already forecast to be the lowest Florida orange crop in decades. The U.S. Department of Agriculture said orange production in Florida is down by 32% from last season, marking the scantiest predicted harvest […]
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Markets were somewhat mixed on Wednesday after a strong recovery in the previous trading session. The Dow Jones industrials were pushed higher by 0.3%, while the S&P 500 was holding flat and the Nasdaq was lagging, down 0.3%. Fresh inflation numbers are coming out this week and the produce price index (PPI) was the first out of the gate. Overall, […]
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The futures were trading higher on Wednesday, as Wall Street prepares for the producer price index readings. Tuesday, it looked for a fleeting moment that all the carnage of the past four trading days was over, but a midday rally turned negative in the last hour of trading and only the Dow Jones industrials closed the day higher. The Nasdaq […]
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New York based hedge fund firm Two Sigma, run by John Overdeck and David Siegel currently has 2,444 total holdings according to their latest SEC filings. According to the Fintel research platform, the fund’s most recent portfolio valuation was calculated at $30.3 billion in value from reported securities (excluding cash and other items). The largest positions currently held in the […]
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The Organisation for Economic Co-operation and Development announced this Monday it prepared a new Crypto Asset Reporting Framework (CARF). CARF is meant to provide guidance for the automatic exchange of information between countries and will be officially presented at a G20 meeting in Washington on October 12th and 13th. OECD Presents Framework for International Information Exchange Regarding Crypto According to […]
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