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Stock market news live updates: Stocks close higher after upbeat retail sales, strong Citi earnings

Stock market news live updates: Stocks close higher after upbeat retail sales, strong Citi earnings

U.S. stocks rallied Friday to cap a four-day losing streak on Wall Street. Sentiment was buoyed by better-than-expected retail sales data and a surprise earnings beat from Citigroup (C). The S&P 500 surged 1.9%, while the Dow Jones Industrial Average added 657 points, or roughly 2.2%. The tech-heavy Nasdaq climbed 1.8%. Blowout second-quarter results from …

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Taiwan Semiconductor Tops Second-Quarter Targets, Guides Higher

Taiwan Semiconductor Tops Second-Quarter Targets, Guides Higher

Taiwan Semiconductor Manufacturing (TSM), the world’s largest contract chipmaker, on Thursday beat analyst estimates for the second quarter and gave a better-than-expected forecast for the current period. TSM stock rose on the news. X The chip foundry earned $1.55 per U.S. share on sales of $18.16 billion in the June quarter. Analysts polled by FactSet …

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"Greedflation": Is corporate profit-taking driving prices higher?

“Greedflation”: Is corporate profit-taking driving prices higher?

At Sugar Hill Creamery, in Harlem, the hand-made ice cream will cost you more these days, because, according to owner Petrushka Bazin Larsen, everything costs her more. “Everything is going up, from dairy, milk and cream, to just our cups,” she told correspondent David Pogue. “Costs me more to get the cups here than it …

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Dow climbs more than 300 points ahead of July 4 holiday, U.S. stocks end higher after a bruising first half of 2022

Dow climbs more than 300 points ahead of July 4 holiday, U.S. stocks end higher after a bruising first half of 2022

U.S. stocks closed higher Friday, shaking off earlier weakness that came after a disappointing gauge of manufacturing activity underlined fears that aggressive monetary tightening by the Federal Reserve could lead to a sharp slowdown. How did stocks trade? The Dow Jones Industrial Average DJIA rose 321.83 points, or 1%, to close at 31,097.26. The S&P …

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More than 1,200 Delta pilots picket at 7 major airports to call for higher pay

More than 1,200 Delta pilots picket at 7 major airports to call for higher pay

Delta pilots engaged in demonstrations at seven airports around the U.S. on Thursday calling for higher pay, among other things. This photo was taken at Salt Lake City International Airport. Reed Donoghue hide caption toggle caption Reed Donoghue Delta pilots engaged in demonstrations at seven airports around the U.S. on Thursday calling for higher pay, …

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U.S. stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

U.S. stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

U.S. stock indexes pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA  was up 196 …

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Stocks, oil higher as China relaxes quarantine rules

Stocks, oil higher as China relaxes quarantine rules

LONDON, June 28 (Reuters) – Global shares were higher on Tuesday while oil prices firmed following China’s decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by half in a major easing of one …

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Pending Home Sales Edge Higher 0.7% in May

Pending Home Sales Edge Higher 0.7% in May

WASHINGTON (June 27, 2022) – Pending home sales crept higher in May, ending a six-month streak of declines, according to the National Association of Realtors®. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year contract activity slid in all four major regions. The Pending …

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AirPods Max beta confirms higher quality Bluetooth codec, here's what that means for AirPods Pro 2

AirPods Max beta confirms higher quality Bluetooth codec, here’s what that means for AirPods Pro 2

Apple recently made available new AirPods beta firmware alongside the first builds of iOS 16 and the other upcoming operating systems introduced during the WWDC 2022 keynote. Now, a developer was able to confirm that the AirPods Max beta can support a higher quality Bluetooth codec, which will, at least, improve Apple’s premium headphones’ voice …

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Obamas’ Higher Ground Inks First-Look Deal With Audible After Ending Spotify Pact

Obamas’ Higher Ground Inks First-Look Deal With Audible After Ending Spotify Pact

President Barack Obama and Michelle Obama are going into business with Audible, the Amazon-owned audio storytelling platform. Audible set an exclusive, multiyear and global first-look production deal with Higher Ground, the Obamas’ media company, covering multiple audio projects. The slate of Higher Ground’s shows for Audible “will reflect the companies’ shared mission to tell meaningful …

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