US economy grows 4.3% in Q3, fastest expansion in two years
The US economy expanded at a surprisingly strong 4.3 per cent annual rate in the third quarter, the most rapid expansion in two years, as consumer and government spending, as well as exports, all grew.
US gross domestic product from July through September — the economy’s total output of goods and services — rose from its 3.8 per cent growth rate in the April-June quarter,
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Read MoreElon Musk wins appeal to restore his 2018 Tesla pay deal worth $56 billion
Elon Musk’s 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as “unfathomable.”
The ruling overturns a decision that had prompted a furious backlash from Musk and damaged Delaware’s business-friendly reputation.
» Read more about: Elon Musk wins appeal to restore his 2018 Tesla pay deal worth $56 billion »
Read MoreSolex Energy Share Price
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Read MoreNvidia and Broadcom Executives Cash Out Millions in Stock Sales
This article first appeared on GuruFocus.
Nvidia (NVDA, Financials) and Broadcom (AVGO, Financials) executives have sold off a lot of their shares. This makes people wonder how insiders feel about semiconductor stocks,
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Read MoreS&P500: Benchmark Hits Record Today as Tech Stocks Lift US Indices on Rate-Cut Forecast
The market initially wobbled after Tuesday’s updated Q3 GDP print showed growth at 4.3% versus expectations for 3.2%. A hotter number typically cools rate-cut enthusiasm, and you could see that in futures pricing early Tuesday, but traders didn’t stick with the reaction for long.
By this morning, the focus had already shifted back to next year’s expected easing path.
Read MoreThe Burst
UnitedHealth Could Get Worse Before It Gets Better
After a punishing first half of the year, UnitedHealth’s latest earnings report delivered another gut punch.
The stock, which had already been cut in half year-to-date by July 31, slid even further following the release.
Between deteriorating fundamentals, mounting regulatory pressure, and a brutal earnings revision, it’s fair to ask whether UnitedHealth finally hit bottom,
» Read more about: UnitedHealth Could Get Worse Before It Gets Better »
Read MoreThe Ivy
Is Apple About to Bail Out Intel?
Big Tech seems to have rediscovered its appetite for Intel, a company that for years has looked more like a laggard than a leader. Billions of dollars are suddenly flowing its way, and the roster of backers is eye-catching.
In the past few weeks alone, the U.S. government committed just shy of $9 billion for roughly a 10% equity stake,
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Read MoreThe Spotlight
3 Safe-Haven Stocks to Buy Now as the Market Sells Off
With the S&P 500 now in correction and stocks selling off quickly, investors are understandably looking for safe-haven stocks to preserve their capital and keep their portfolios guarded from potentially turbulent market conditions ahead.
Luckily, there are still several companies that could offer some degree of security. Among the safest stocks to buy now for both current security and potential long-term returns are Abbott Labs,
» Read more about: 3 Safe-Haven Stocks to Buy Now as the Market Sells Off »