Dow jumps over 400 points — on pace for 4th straight day of gains as Santa visits NYSE
Wall Street’s main indexes rose for a fourth consecutive session on Wednesday, as investors parsed fresh economic data and doubled down on bets the Federal Reserve will cut interest rates in December.
The Dow Jones Industrial Average surged 416 points, or 0.9%, to 47,528. The Nasdaq gained more than 200 points,
Read MoreUS stock market rises ahead of Thanksgiving as Dow, S&P 500, Nasdaq extend gains – Nvidia rebounds; Alphabet flirts with $4 trillion valuation
US stocks moved higher on Wednesday as Wall Street looked to extend a four-day winning streak ahead of Thanksgiving. The Dow Jones Industrial Average rose 0.3%, the S&P 500 gained 0.5%, and the Nasdaq Composite climbed over 0.6%, fueled by strong technology gains and investor optimism over a potential Federal Reserve interest-rate cut in December.
Read MoreMicrosoft Expands Solar Investments Across Latin America and Europe
Microsoft is deepening its global clean energy footprint with new solar power agreements in Mexico, Brazil, and Spain, aiming to reduce its carbon footprint while supporting community development in key growth markets.
In Latin America, Microsoft has partnered with Powertrust, an energy procurement platform, to back the construction of 270 MW of solar capacity over the next four years.
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Read MoreUS farmers, firms flag higher costs even as Trump touts affordability
Photo: ANDREW CABALLERO-REYNOLDS / AFP
Source: AFP
As biting prices weigh on families heading into the US holiday season,
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Read MoreThe Burst
How Far Will The Market Fall?
Zooming out is often quite helpful in providing insights as to where the market is likely to go. When we examine a chart of the S&P 500 now on a weekly basis, a clear uptrend from mid-2022 has formed.
So too has a strong resistance line been created at close to the 4,800 mark both at the end of 2021 and the end of 2023.
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Read MoreThe Ivy
$8 Billion Money Manager Bets On 41% Upside
Deep down in the filings of an $8 billion money manager is a holding that has the potential to rise by as much as 41%.
William Jones isn’t a name familiar with many investors as Warren Buffett or Ray Dalio may be but the enormous assets under management demand a closer look as to what he’s picking and why.
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Read MoreThe Spotlight
SoFi: The Trojan Horse of Banking?
This is the remarkable story of how SoFi, a firm that began as a student lender, has become the trojan horse of the banking industry.
The story begins with the stats. In the United States, 43.4 million people have outstanding federal student loans, which equates to nearly 20 percent of the nation’s adult population.