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J.M. Smucker stock jumps toward 6-year high after profit and sales beat expectations and outlook raised

U.S. stocks open higher after employment report shows wage growth cooling

By adminPosted on January 6, 2023

U.S. stocks opened higher at the opening bell as investor digested an employment report that showed signs of wage growth slowing in a strong labor market. The Dow Jones Industrial Read more

ISM shows weakness in factory activity spreading in December

ISM shows weakness in U.S. factory activity spreading in December

By adminPosted on January 4, 2023

The numbers: A closely-watched index that measures U.S. manufacturing activity slipped to 48.4 in December from 49 in the prior month, according to the Institute for Supply Management on Wednesday. Read more

ISM shows weakness in factory activity spreading in December

ISM shows weakness in factory activity spreading in December

By adminPosted on January 4, 2023

The numbers: A closely-watched index that measures U.S. manufacturing activity slipped to 48.4 in December from 49 in the prior month, according to the Institute for Supply Management on Wednesday. Read more

High U.S. inflation is on the wane, PCE price gauge shows

High U.S. inflation is on the wane, PCE price gauge shows

By adminPosted on December 23, 2022

  The numbers: A key gauge of U.S. prices rose just 0.1% in November, marking the fifth month in a row in which inflation eased after peaking at a 40-year Read more

U.S. inflation slows again, CPI shows, as Fed prepares to raise interest rates

U.S. inflation slows again, CPI shows, as Fed prepares to raise interest rates

By adminPosted on December 13, 2022

The numbers: The cost of living rose a scant 0.1% in November, the latest in a string of mild readings that suggest the worst U.S. inflation in 40 years is Read more

U.S. grew 2.9% in third quarter, GDP shows, and there's little sign of recession for now

U.S. grew 2.9% in third quarter, GDP shows, and there’s little sign of recession for now

By adminPosted on November 30, 2022

The numbers: The economy grew at an annual 2.9% pace in the third quarter, updated figures show, and the U.S. is on track to expand again in the waning months Read more

Pfizer and BioNTech updated booster shows strong results against new omicron sublineages in fresh analysis of data

Pfizer and BioNTech updated booster shows strong results against new omicron sublineages in fresh analysis of data

By adminPosted on November 18, 2022

A fresh analysis of data on the immune response generated by the bivalent COVID-19 booster showed strong results against the newer omicron sublineages, Pfizer and German partner BioNTech said Friday. Read more

Rivian's big recall is a 'black eye' for bulls, but the stock is still a buy, analyst says

Rivian shows ‘improvement’ but Wall Street remains cautious on the stock

By adminPosted on November 11, 2022

Wall Street cheered “signs of improvement” for Rivian Automotive Inc., but remained cautious about the stock on worries that the electric-vehicle maker still faces a steep production ramp. Rivian RIVN, Read more

U.S. inflation shows signs of easing, CPI finds

U.S. inflation shows signs of easing, CPI finds, and might give Fed ammo to go slower

By adminPosted on November 10, 2022

The numbers: The cost of living rose a relatively modest 0.4% in October, suggesting inflationary pressures are waning more rapidly. Economists polled by The Wall Street Journal had forecast a Read more

U.S. inflation shows signs of easing, CPI finds

U.S. inflation shows signs of easing, CPI finds

By adminPosted on November 10, 2022

The numbers: The cost of living rose a relatively modest 0.4% in October, suggesting that inflationary pressures are finally beginning to wane. Economists polled by The Wall Street Journal had Read more

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