After three months of slight gains, the U.S. unemployment situation is starting to brighten a bit. According to the U.S. Labor Department, an increase in nonfarm payroll employment rose by over 900,000 jobs by the end of last week and pushed the unemployment rate down to 6%. February’s small job …
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Starbucks Corp. SBUX, +2.68% was upgraded to buy from neutral at BTIG based on the upcoming benefits from restaurant reopenings and federal stimulus cash that will hit consumer bank accounts. BTIG maintained its $ 130 price target. Analysts note that the re-openings are “faster than expected,” and BTIG expects same-store …
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Applied Materials Inc. late Thursday announced results and an outlook that topped Wall Street estimates, but the stock didn’t start taking off until the company started shedding light on what is driving its strong forecast. Applied Materials AMAT, -1.97% shares fluctuated between gains and losses before the analyst call started …
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GameStop Corp. shares sank further in the extended session Monday following the stock’s retreat from a record weekly gain, after one noted analyst said more than half of the short positions on the stock had been eliminated. GameStop GME, -30.77% shares fell as much as 35% in Monday trading, and …
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CNBC’s Jim Cramer, citing a famous quote from Alexander Haig, recently told his co-host David Faber that Reddit, not Citigroup C, +0.28%, was “in control.” He then used a “Rock, Paper, Scissors” metaphor to hammer home his point. “Citi’s paper, OK? Reddit’s scissors,” Cramer said. Cramer and Faber were discussing …
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(FILES) This file photo taken on March 12, 2020 shows flags of the European Union fluttering in front of the headquarters of the European Central Bank (ECB) in Frankfurt am Main, western Germany. daniel roland/Agence France-Presse/Getty Images European stocks were steady on Thursday, ahead of a European Central Bank decision …
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U.S. stock indexes clambered toward record-high territory Tuesday morning, as upbeat economic reports helped to feed the buying momentum on Wall Street. The climb for stocks comes even as investors enter what is expected to be a seasonally challenging month for equities, following the best August returns in more than …
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Oil futures rose Monday, on track to end August on an upbeat note after data showed a stronger-than-expected pickup in China’s service sector. “The move follows moderate week-on-week gains during last week’s trading, with continued improvement to global demand levels combining with a weaker dollar and ongoing supply cuts to …
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Amazon.com Inc. has become the go-to shopping site for many consumers during the COVID-19, including an increasing number of older customers, according to SunTrust Robinson Humphrey analysts. Amazon AMZN, -1.66% reported earnings late Thursday that nearly doubled year-over-year to $ 10.30 per share, with sales up 40% to $ 88.9 …
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