Breaking News: Markets

Dow rises more than 150 points as Wall Street looks to close out winning week

The Dow Jones Industrial Average rose Friday as Wall Street pushed for solid gains during the holiday-shortened trading week. The Dow Jones Industrial Average rose 181 points, or 0.53%. The S&P 500 gained 0.06% and the Nasdaq Composite slipped 0.40%, weighed down by shares of Activision Blizzard, which fell more than 4% on news that …

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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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Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China fell more than 4%, Wynn Macau lose 2.5%, Sands China fell 3%, and SJM …

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Fed officials see smaller rate hikes coming ‘soon’

Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen as soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated. Reflecting statements that multiple officials have made over the past several weeks, the meeting summary pointed to small rate hikes coming. Markets widely …

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Citigroup, Manchester United, Nordstrom, Tesla and more

Check out the companies making headlines in midday trading Wednesday: Citigroup — The stock dropped 2.3% after Citigroup was told it must address weaknesses in its management of financial data by US banking regulators. Those regulatory groups said the issues could hinder its ability to produce correct reports during challenging times. related investing news Pro …

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Stock futures are little changed as investors look ahead to Fed meeting minutes

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 9, 2021. Brendan McDermid | Reuters US stock futures were little changed on Tuesday night, as investors looked ahead to Federal Reserve meeting minutes for clues into the pace of future interest rate hikes. Dow Jones Industrial Average …

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JPMorgan sees four potential outcomes for the economy, and only one of them is good

The global economy faces four likely scenarios ahead — none particularly great — although there’s a 1-in-5 chance that a recession doesn’t take hold, according to JPMorgan Chase economists. In the firm’s most likely case, the US probably hits a contraction in the latter part of 2023. Other possible outcomes are a recession late next …

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