Stock market today: Dow, S&P 500, Nasdaq rise as inflation print keeps Fed rate cut on track
New inflation data out Wednesday showed consumer prices rose as forecast in October, keeping the Federal Reserve on track to lower interest rates again in December.
“There is progress on inflation,” Claudia Sahm, chief economist at New Century Advisors, told Yahoo Finance following the data’s release.
Read MoreThe Impact of the Election Results on Estate Planning
Last week’s federal election results place a Republican in the White House and shift control of the Senate and the House to the Republican Party. What does this all mean for the future of estate planning, particularly for steps that should be considered today?
Estate Tax Exemption
The federal estate tax exemption will be $13.99 million in 2025.
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Read MoreJOB ALERT: UT Health Emergency Medical Services in Tyler needs a 911 operator
UT Health Emergency Medical Services
Tyler
911 Operator/EMS
Job Description: Receives requests for ambulance service within established time requirements. Working knowledge of all communications/computer equipment. Ability to communicate effectively with citizens, medical professionals, public officials and political leaders. Processes calls for service per medical protocols within established Q.I.
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Read MoreDothan City Schools superintendent announces retirement
DOTHAN, Ala (WDHN) — Dothan City Schools Superintendent Dr. Dennis Coe announced on Wednesday that he plans to retire next year.
“Over the past several years, our team has contributed greatly to the vast number of accomplishments we have demonstrated,” Dr. Coe said in a letter provided to WDHN. “It has been an honor for me to serve in this capacity.
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Read MoreNasdaq heads for fourth day in the red as tech stocks slump
The Nasdaq Composite was headed for a fourth day in the red on Friday, according to Dow Jones Market Data.
A pullback in shares of Big Tech giants has contributed to the weakness in the tech-heavy index this week. Nvidia Corp. was down 3.8% so far this week,
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Read MoreThe Burst
Market Commentary: Top AI Stock To Hold Forever
Sometimes the oldest companies are the best when it comes to pioneering the future. Although history is littered with Blockbusters for each Netflix, a more common trajectory for a stodgy old company is the one IBM took, essentially coasting along but not creating disruptive innovation. Microsoft risked the same fate, until Satya Nadella took over.
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Read MoreThe Ivy
1 Extraordinary Stock Sneaking Higher
History is littered with footwear stocks that have met their doom. Among the most prominent examples of recent years is Allbirds, which debuted on the public markets in 2021 and eclipsed $30 per share before plunging lower all the way to today’s price of around $1 per share.
Read MoreThe Spotlight
1 Underrated Tech Stock to Beat the Market
The CPaaS, or communication platform as a service, market is seeing tremendous growth. According to Juniper Research, the CPaaS industry could hit the $10 billion revenue mark globally by the end of 2022. And if businesses continue adopting APIs for business-to-customer and customer-to-business interactions, it could reach $35 billion by 2026. One underrated company serving this industry has the potential to beat the market: Twilio (NYSE:TWLO).
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