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Wall Street ends higher, notches weekly gains as Fed meeting looms

PCE: inflation cools along with consumer spending American Express, Visa climb higher on solid demand Chevron falls after missing profit estimates Indexes up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan 27 (Reuters) – Wall Street advanced on Friday, marking the end of an rocky week in which economic data and corporate earnings guidance …

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Wall Street closes green as GDP data eases recession worries

Microsoft, Tesla lead S&P, Nasdaq higher IBM announces job cuts, asset divestment Bed Bath & Beyond sinks on default notice Intel slides after the bell following results Indexes up: Dow 0.61%, S&P 1.10%, Nasdaq 1.76% NEW YORK, Jan 26 (Reuters) – Wall Street ended a choppy session higher on Thursday as investors grappled with an …

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Strong US economic growth expected in fourth quarter, outlook darkening

Fourth-quarter GDP forecast to increase at a 2.6% rate Strong consumer spending seen; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON, Jan 26 (Reuters) – The US economy likely maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed …

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Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 mln vehicles

Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers’ interest. The company slightly beat Wall Street targets for fourth-quarter revenue and profit earlier on Wednesday despite a sharp decline in …

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Bank of Canada hikes rates, becomes first major central bank to signal pause

OTTAWA, Jan 25 (Reuters) – The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it would likely hold off on further increases for now. The 25-base-point rise matched analysts’ expectations. The bank has …

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S&P 500 closes slightly red as weak corporate guidance fuels recession fears

AT&T gains on subscriber adds General Dynamics slides after weak outlook Tesla, IBM post results Indexes: Dow up 0.03%, S&P 500 off 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 ended nominally lower on Wednesday as a string of corporate earnings ran the gamut from downbeat to dismal, reviving worries …

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Wall Street extends gains as chipmakers lead tech shares higher

Baker Hughes falls on missing Q4 profit estimates Activist investor Elliott Management takes stake in Salesforce Xylem top percentage decliner on S&P 500 Indexes up: Nasdaq 1.93%, S&P 1.29%, Dow 0.83% Jan 23 (Reuters) – US stock indexes rose on Monday, with the Nasdaq jumping nearly 2%, as gains in shares of chipmakers helped ease …

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Japan warns of dire finances as BOJ struggles to contain yields

Japan’s finances intensified severity to unprecedented point Rounds of extra budget, stimulus measures aggravate finances Public finance is the cornerstone of a country’s trust – finmin Economic revival comes first before fiscal reform in long run Parliament debate begins, all eyes on new BOJ governor nominee TOKYO, Jan 23 (Reuters) – Japan’s finances are becoming …

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Bank of Japan’s policy tweak drew rare request from government for a break

TOKYO, Jan 23 (Reuters) – Government officials who attended the Bank of Japan’s December policy meeting were given a half-hour adjournment to contact their ministries, minutes showed, underscoring the significance of the central bank’s decision to tweak its bond-market peg. At the Dec. 19-20 meeting, the BOJ kept its ultra-easy monetary policy but shocked markets …

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