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Wall Street closed higher, posting a weekly gain as the Fed meeting approaches

Wall Street closed higher, posting a weekly gain as the Fed meeting approaches

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Personal consumption expenditures: Inflation subsides along with consumer spending American Express, Visa rise on strong demand Chevron falls after missing earnings estimates Indices rose: Dow 0.08%, Standard & Poor’s 0.25%, Nasdaq 0.95% NEW YORK (Reuters) – Wall Street rallied on Friday, ending a difficult week as economic data and corporate earnings guidance pointed to softening …

Wall Street closed higher, posting a weekly gain as the Fed meeting approaches Read More »

Musk says Tesla's price cuts have increased demand, and 2023 sales could reach 2 million vehicles

Musk says Tesla’s price cuts have increased demand, and 2023 sales could reach 2 million vehicles

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Jan. 25 (Reuters) – Tesla Inc Chief Executive Elon Musk said on Wednesday that steep price cuts for Tesla Inc have ignited demand for its electric cars, easing concerns that a weak economy could stifle buyer interest. The company slightly beat Wall Street targets for fourth-quarter revenue and earnings earlier on Wednesday despite a sharp …

Musk says Tesla’s price cuts have increased demand, and 2023 sales could reach 2 million vehicles Read More »

The S&P 500 ended slightly lower after mixed earnings, and a dismal opening

The S&P 500 ended slightly lower after mixed earnings, and a dismal opening

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The Securities and Exchange Commission is investigating a malfunctioning New York Stock Exchange opening bell 3M slides on pessimistic outlook for the first quarter J&J falls to the sales warning; General Electric goes down on a weak profit offering Microsoft gains in extended trading after results are published Indices: Dow Jones up 0.31%, S&P 500 …

The S&P 500 ended slightly lower after mixed earnings, and a dismal opening Read More »

Wall Street is rising, supported by the technological recovery

Wall Street is rising, supported by the technological recovery

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Baker Hughes falls due to lack of fourth-quarter earnings estimates Activist investor Elliott Management is involved with Salesforce Potato chips on track for biggest daily gain since November Indices rose: Dow 0.98%, Standard & Poor’s 1.41%, Nasdaq 2.09%, NEW YORK (Reuters) – Wall Street jumped on Monday, propelled higher by technology stocks as investors kicked …

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TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand

TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand

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Fourth-quarter profit of NT$295.9 billion, compared to NT$289.44 billion, analysts say Fourth-quarter revenue increased 26.7% year-over-year to $19.93 billion Capex achieved 2023 at $32-36 billion compared to $36.3 billion in the previous year The company plans to increase production abroad TAIPEI (Reuters) – Taiwanese chipmaker TSMC (2330.TW) on Thursday warned that first-quarter revenue will drop …

TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand Read More »