MARKETS Midwest loses trust in system, American Dream evaporates The Midwest is the most skeptical of all U.S. regions when it comes to government and media yet American businesses are held in high regard, according to a new Edelman survey. Total revenue, however, rose 4% to $34.2 billion, above expectations of $33.78 billion, according to Refinitiv data. The drugmaker, which developed and sells the vaccine with Germany’s BioNTech said on Thursday evening that it is targeting a range of $110 to $130 a dose for the vaccine once the United States moves to a commercial market next year. Biden in August announced $10,000 in federal student debt cancellation for those with incomes below $125,000 a year, or households that make less than $250,000 a year.

Sterling jumped by as much as 1.4% following the turnaround on the economic agenda. It’s going to be tough for the U.S. stock market to make much headway bouncing back from the bear market with two-year Treasury yields at above 4%, according to Andrew Slimmon, an equity portfolio manager at Morgan Stanley… U.S. stocks finished the week in the red after a still-strong September jobs report Friday suggested the central bank would not alter the course of monetary policy soon. The Dow Jones Industrial Average fell 630 points, o…

Early Earnings Reports Worry Investors Battered by Stock Selloff

So far, the U.S. rollout of updated COVID-19 booster shots that target both the original version of the coronavirus and circulating Omicron subvariants has lagged last year’s rate despite more people https://dotbig.com/ being eligible for the shots. Revenue this quarter will grow by more than 20% while pre-tax margins will expand 200 basis points compared with the same period in 2021, Schlumberger said.

  • "OPEC’s move to cut production by two million barrels per day could be a turning point for the oil market. With the risk of Russian supply disruptions due to the price cap, it could tighten the market," said ANZ Research in a Friday note.
  • All three of the benchmark’s showed the biggest weekly gains since June rising roughly 5% apiece.
  • The Dow Jones Industrial Average fell 630 points, o…
  • Meanwhile, diesel’s price rose slightly Friday to $5.34 per gallon nationwide.
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Those who received federal Pell Grants to attend college are eligible for an additional $10,000 in forgiveness. MARKETS American Airlines ditching first class on international flights because ‘customers aren’t buying it’ An American Airlines’ executive revealed this week the company ORCL stock forecast decided to get rid of first class on long-haul flights because folks "aren’t buying it." 10/22 U.S. shoppers plan to cheat inflation this holiday season. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.

Continuing claims, or the number of Americans who are consecutively receiving unemployment aid, rose to 1.385 million, up by 21,000 from the previous week’s revised level. One year ago, more than https://dotbig.com/markets/stocks/ORCL/ 3.27 million Americans were receiving unemployment benefits. Labor Department data showed 214,000 workers filed for unemployment benefits in the week ended Oct. 15, down from the week prior.

Dow rallies 400 points as investors cheer strong U.S. economic data, earnings

Oil prices were little changed on Friday as optimism about a possible rise in demand in China faded and the market again weighed the impact of sharp interest rate rises on energy consumption. "At the moment, we keep getting upside surprises on inflation everywhere you look," said Hugh Gimber, a strategist at J.P. "No one really has a good grasp yet of where the central banks — particularly the Fed — are going to be able to stop." The U.S. employment market remains strong, with DotBig the latest government data showing the number of Americans applying for unemployment benefits fell last week and remains historically low. The average price of a gallon of gasoline nationwide fell to $3.82 early Friday morning, AAA reported. ECONOMY Elon Musk accuses Fed of ‘looking in the rearview mirror’ with rate hikes Tesla CEO Elon Musk said Wednesday the Fed is "looking in the rearview mirror" with its interest rate hikes as the economy is in the midst of "deflation."

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U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. Beijing is considering cutting the quarantine period for visitors to seven days from ORCL 10 days, Bloomberg news reported on Thursday, citing people familiar with the matter. The healthy jobs market is a sticking point since it suggests the Fed will have to persist in raising interest rates. The central bank has raised its key interest rate to a range of 3% to 3.25%.

Now is when reality replaces guesswork

Like its bank peers, however, BofA saw profit slump during the period as it set aside funds for uncollected loan payments in the event of increased defaults if the economy enters a recession. Goldman Sachs , Wall Street’s premier investment bank, is set to report before the opening bell on Tuesday. Bank of America was the penultimate of the country’s six largest banks by assets to report earnings on Monday.

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Musk offered to buy Twitter in April and sought to end the acquisition a few months later, resulting in a legal battle between stock market news today him and the company. The outlet cited interviews and documents as the basis of its reporting published Thursday.

‘Material risk’ looms over stocks as investors face bear market’s ‘second act,’ warns Morgan Stanley

Still, some investors believe that earnings expectations are too high across the board and a downward recalibration is likely ahead. Oil and gas producers are increasing production with crude prices near eight-year highs, boosting demand for Schlumberger’s equipment, services and technology.

Despite this, Oil & Gas stock weights increased in the BUZZ Index as sentiment in the sector held steady. Shares fell 6.7%, extending a six-month decline that has loped more than $350 billion from the world’s most valuable carmaker, after it posted softer-than-expected third sales and said full-year deliveries may fall just shy of its 50% growth target. Here’s what history shows about past bear markets hitting new lows from there, according to Bespoke. The stronger U.S. dollar is ‘a clear negative’ for the S&P 500, but here are the areas of the stock market that appear more insulated to the ‘doldrums’ of the currency’s strengthening historically, DotBig according to RBC Capital… Outspoken Barstool Sports founder Dave Portnoy thinks that investors might miss opportunities to invest in the stock market if they are dominated by fear. With Cathie Wood’s flagship ARK Innovation ETF potentially facing more pain in the stock-market slump, the technology-laden Nasdaq Composite may provide investors more “insulation” in today’s “challenging macroeconomic env… But oil prices have been supported recently by a looming European Union ban on Russian crude and oil products, as well as the output cut from the Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+.

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