Breaking News: Markets

Marvell Technology, Horizon Therapeutics, DoorDash and more

Marvell Technology Group Source: marvell.com Check out the companies making headlines before the bell: Marvell Technology (MRVL) – The chip maker’s stock slide 4.9% in the premarket after quarterly sales and profit fell short of Wall Street estimates. Marvell also issued a weaker than expected outlook. Inventory reductions by its customers are hurting results, it …

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South Korea inflation, US jobs report, China Covid-zero

India poised to become the third largest economy by 2030 India is projected to overtake Japan and Germany to become the world’s third-largest economy, S&P Global and Morgan Stanley forecasted in a report. S&P’s prediction is premised upon the projection that India’s annual nominal GDP growth will average 6.3% through 2030. Similarly, Morgan Stanley estimates …

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S&P 500 futures fall slightly as investors await Friday’s US jobs data

S&P 500 futures were slightly lower Thursday night as investors looked ahead to the November jobs report. Futures tied to the benchmark stock index dipped 0.15%. Dow Jones Industrial Average futures were lower by 0.15% and Nasdaq 100 futures fell 0.25%. Shares of tech companies were on the move in after-hours trading following quarterly results. …

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Economist Austan Goolsbee named next Chicago Fed president

Economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. Goolsbee will take the seat officially on Jan. 9, 2023 and finish a term begun by the retiring Charles Evans that expires Feb. 28, 2026. …

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Jim Cramer’s top 10 things to watch Thursday: Inflation, Salesforce

My top 10 things to watch Thursday, Dec. 1, 2022 1. New, seasonably bullish month starts higher after Wall Street closed out a strong November with a powerful Federal Reserve-driven rally Wednesday. Fed Chairman Jerome Powell says smaller interest rate hikes ahead are likely after four straight 75-basis-point increases. That’s despite Powell also adding he …

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Key inflation measure that the Fed follows rose 0.2% in October, less than expected

A man climbs into the fridge for milk at a Walmart store in Rosemead, California on November 22, 2022. Frederic J. Brown | AFP | Getty Images Inflation rose in October about in line with estimates, sending a sign that price increases at least are stabilizing, the Commerce Department reported Thursday. The core personal consumption …

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10-year Treasury yield slides as traders weigh Fed policy outlook

Treasury yields declined on Thursday as traders digested comments from US Federal Reserve Chair Jerome Powell on interest rate policy plans and looked ahead to key economic data. The yield on the benchmark 10-year Treasury fell to 3.603%, losing 10 basis points. the 2-year Treasury yield was last at 4.326% after declining by more than …

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Stock futures tick higher after Wednesday’s rally

Stock futures ticked higher in early Thursday trading. Futures tied to the Dow Jones Industrial Average added 23 points, or 0.07%, while those tied to the S&P 500 and Nasdaq 100 gained 0.22% and 0.24%, respectively. Salesforce’s stock shed 6% in extended trading on news that co-CEO Bret Taylor is stepping down. Snowflake shares tumbled …

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