Stock market today: Wall Street gains ground as it heads for a winning week
NEW YORK (AP) — Stocks rose in afternoon trading on Wall Street Friday, keeping the market on track for its fifth gain in a row.
The S&P 500 was up 0.4% and is solidly on track for a weekly gain that will erase most of last week’s loss.
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Read MorePetrobras to distribute up to $55bn in dividends by 2029
Brazilian state-controlled oil company Petrobras has unveiled a plan to distribute up to $55bn in dividends up to 2029 as part of its five-year business strategy, aiming to maintain its commitment to returning cash to investors, as reported by Bloomberg.
The company stated in a recent securities filing that it may also disburse up to $10bn in extraordinary dividends during this period.
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Read MoreUS Consumer Sentiment Rises Less Than Forecast After Election
(Bloomberg) — US consumer sentiment rose in November by less than previously reported, reflecting deep divisions among Republicans and Democrats about the path for the economy after Donald Trump’s presidential election win.
The University of Michigan’s final November index edged up 1.3 points from a month earlier to 71.8, data showed Friday.
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Read MoreUS economic output hits highest level since April 2022 amid 'greater optimism' among businesses
US economic output is roaring as businesses prepare for lower interest rates and the incoming Trump administration in Washington.
S&P Global’s flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 55.3 in November, up from 54.1 in October. Economists had expected the index to tick up to 54.3.
Read MoreFederal Reserve’s likely slowdown in rate cuts could disappoint borrowers
WASHINGTON (AP) — Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.
In September, its officials predicted that they would reduce their benchmark rate four times next year,
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Read MoreThe Burst
1 Under-the-Radar Aerospace Stock Soaring
When Stanley Druckenmiller revealed that his family office had taken a stake in Woodward, some head-scratching followed. What was one of the greatest investors in the world doing buying an aerospace and industrials stock?
With about 6 weeks of news being released that Woodward was among his top buys for Q1, the stock took off and perhaps it’s no surprise why as you’re about to find out.
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Read MoreThe Ivy
1 Billion Reasons To Buy Buffett’s #1 Stock
While Buffett’s massive cash pile of nearly $300 billion on the books at Berkshire Hathaway has been making waves, what few are paying attention to is how much he’s actually earning on that money every day, week or month.
It turns out Buffett is raking in just shy of a cool billion dollars each and every month just from interest earnings on his war chest.
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Read MoreThe Spotlight
Is This Space Firm Set To Blast Off
At an annual conference some years ago, a Berkshire Hathaway shareholder asked Warren Buffett how it was possible for smaller investors to rival his own performance and track record during the 1960s, which was his best period. He corrected the questioner and commented that, in fact, his best years were prior to that in the 1950s when he averaged gains closer to 50% annually.