Wall Street

November job growth slowed but will still show strength despite layoffs

Workers sort packages at a FedEx Express facility on Cyber ​​Monday in Garden City, New York, on Monday, Nov. 28, 2022. Michael Nagle | Bloomberg | Getty Images Job growth in November was expected to have slowed while remaining strong, even in the face of layoffs and job freezes at major companies. The economy is …

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This ‘defensive’ software stock could jump 70% going forward, Mizuho predicts

Investors should consider buying Intuit heading into 2023 as a defensive way of gaining exposure to the software sector, according to Mizuho. Analyst Siti Panigrahi reiterated a buy rating on Intuit after the company reported its latest quarterly results. The analyst said the company is set up to beat expectations next year after de-risking guidance …

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Crude oil prices erased most of their 2022 gains and could head lower

Tom Kaye of Plymouth, Pennsylvania tops off his neighbor’s gas tank for them on at a gas station in Wilkes-Barre, Pennsylvania, US October 19, 2022. Aimee Dilger | Reuters Oil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate for now. West Texas Intermediate …

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Warren Buffett explains his $750 million charitable donation on Thanksgiving eve

Warren Buffett Gerard Miller | CNBC Warren Buffett donated more than $750 million in Berkshire Hathaway stock to four foundations associated with his family on Thanksgiving eve, and the legendary investor said the timing was no coincidence as this is his way of giving thanks to his children for their charitable work. “I’ve got a …

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Credit Suisse shareholders greenlight $4.2 billion capital raise

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse shareholders on Wednesday approved a 4 billion Swiss franc ($4.2 billion) capital raise aimed at financing the embattled lender’s massive strategic overhaul. Credit Suisse’s capital raising plans are split into two …

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CME’s Terry Duffy says he saw trouble before FTX collapse

A major exchange executive says he detected red flags months before the historic FTX collapse. CME Group chairman and CEO Terry Duffy said he suspected corruption at the cryptocurrency exchange the day of his first one-on-one meeting with founder Sam Bankman-Fried. “I told my team this had nothing to do with crypto,” Duffy told CNBC’s …

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