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Tag: Financial Markets

Best Buy reports another decline in quarterly sales due to cautious purchasing decisions, but business is stabilizing

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Best Buy reports another decline in quarterly sales due to cautious purchasing decisions, but business is stabilizing

Anne D’Innocenzio | Associated Press new York – Best Buy, the nation’s largest consumer electronics retail chain, reported another quarter-over-quarter sales decline on Thursday as Americans bought fewer appliances and consumer electronics to focus on essentials. But Best Buy’s business stabilized in the last quarter and results beat Wall Street expectations. The Richfield, Minnesota-based retailer […]

Rhode Island gasoline prices continue downward trend ahead of Labor Day | Westerly

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Rhode Island gasoline prices continue downward trend ahead of Labor Day | Westerly

PROVIDENCE – Gasoline prices in the Northeast continue to fall ahead of Labor Day due to a mix of positive and negative economic reports. Reports of better-than-expected consumer spending and lower inflation figures in the US sent oil prices soaring early last week. The enthusiasm pushed the price of a barrel of oil up more […]

Asian stocks are mixed after the best week of the year on Wall Street

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Asian stocks are mixed after the best week of the year on Wall Street

Asian shares were mixed on Monday as investors pondered the upcoming Federal Reserve meeting after Wall Street had its best week since November on Friday and US equities edged higher. US futures rose while oil prices fell. Japan’s benchmark index fluctuated in morning trade, with the Nikkei 225 losing 15.50 points to 38,047.17 after data […]

Asian stocks are mixed after the best week of the year on Wall Street

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Asian stocks are mixed after the best week of the year on Wall Street

Asian stocks were mixed on Monday as investors pondered the upcoming Federal Reserve meeting, after which best week since November with a slight increase in US stocks on Friday. US futures rose while oil prices fell. Japan’s benchmark index fluctuated in morning trade, with the Nikkei 225 losing 15.50 points to 38,047.17 after data showed […]

Why is Visa Inc. (V) currently the best financial services stock to buy, according to hedge funds?

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Why is Visa Inc. (V) currently the best financial services stock to buy, according to hedge funds?

We recently published a list of The 9 best financial services stocks to buy now. In this article, we take a look at how Visa Inc. (NYSE:V) compares to other stocks in the financial services sector. Despite significant turbulence in financial markets in August, the global financing situation remains stable. Despite significant declines in equity […]

What you should know this week

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What you should know this week

After a volatile trading week on Wall Street, the stock market ended the week virtually where it left off last Friday. Panic broke out in financial markets on Monday as the unwinding of the yen carry trade increased volatility after investors quickly priced in a higher likelihood of a recession and further easing of monetary […]

Wall Street records best day since 2022 after encouraging update on US labor market

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Wall Street records best day since 2022 after encouraging update on US labor market

NEW YORK — U.S. stocks rallied on Thursday in the latest sharp shift on Wall Street after a better-than-expected unemployment report eased concerns about a slowing economy. ThatandThe P 500 gained 2.3%, its best day since 2022, paring down to 0.5% of its loss from a brutal start to the week. The Dow Jones Industrial […]

Wall Street records best day since 2022 after encouraging US labor market information; S&P 500 rises 2.3%

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Wall Street records best day since 2022 after encouraging US labor market information; S&P 500 rises 2.3%

NEW YORK (AP) — U.S. stocks posted their best day since 2022 after encouraging news on the jobs market. The S&P 500 rose 2.3%, continuing the rollercoaster ride of recent days. The Dow Jones Industrial Average gained 1.8% and the Nasdaq Composite gained 2.9%. Treasury yields also rose in the bond market, a sign that […]