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Apple shares dip on rare Bank of America downgrade

Apple CEO Tim Cook speaks onstage during day 2 of Vox Media’s 2022 Code Conference in Beverly Hills, California. Jerod Harris | Getty Images Entertainment | Getty Images Shares of Apple were down 4.5% on Thursday after Bank of America analysts delivered the stock a rare downgrade. The analysts lowered their rating from buy to … Read more

European markets rebounds after BoE steps in to calm markets

Stocks on the move: Rational up 12%, Barratt Developments down 9% Rational shares jumped more than 12% in early trade to lead the Stoxx 600 after the German combi steamer and oven manufacturer raised its sales revenue and profit forecast for 2022. At the bottom of the European blue chip index, British property developer Barratt … Read more

Stock futures inch lower after Wednesday’s big market rally

Stock futures inched lower on Thursday morning after the Dow Jones Industrial Average staged a comeback off its lowest level for the year. Futures tied to the Dow Jones slipped 22 points, or 0.07%, while S&P 500 and Nasdaq 100 futures shed 0.08% and 0.2%, respectively. The overnight moves came following a broad rally for … Read more

China’s central bank PBOC warns against yuan speculation

The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week. “Do not bet on a one-sided appreciation or deprecation of the renminbi exchange rate,” the … Read more

Banks urge Kwarteng to take action now with November Budget ‘way too far away’

Good morning. The pound has sunk back into the red after two major interventions last night reignited investor concerns about the UK’s tax-cutting Budget. In an extraordinary development, the IMF urged Prime Minister Liz Truss to reverse her economic policies – pointing particularly to the decision to scrap the higher rate of income tax. Ratings … Read more

5 things to know before the stock market opens Wednesday, September 28

Traders on the floor of the NYSE, Sept. 27, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Looking for a bottom For a while it looked hopeful U.S. stock markets had fallen as far as they could this year. Since June, stocks had been … Read more

Stock futures fall after S&P 500 hits new low for the year; 10-year Treasury yield briefly tops 4%

CNBC Pro: Credit Suisse says now’s the time to buy two green hydrogen stocks — and gives one over 200% upside Credit Suisse says it’s time to enter the green hydrogen sector, with a number of catalysts set to drive the clean energy powerhouse. “Green hydrogen is a growth market — we increase our 2030 … Read more

Stocks fall, Chinese yuan crosses 7.2 against the dollar

CNBC Pro: Credit Suisse says now’s the time to buy two green hydrogen stocks — and gives one over 200% upside Credit Suisse says it’s time to enter the green hydrogen sector, with a number of catalysts set to drive the clean energy powerhouse. “Green hydrogen is a growth market — we increase our 2030 … Read more

Disney closes Florida parks amid Hurricane Ian – Yahoo Finance

Disney closes Florida parks amid Hurricane Ian  Yahoo Finance How Central Florida theme parks are handling Hurricane Ian  WKMG News 6 ClickOrlando HURRICANE IAN UPDATES: Category 3 storm moving faster with winds at 120 mph  WFTV Orlando BREAKING: Two Halloween Horror Nights Dates at Universal Orlando Resort Canceled Due to Hurricane Ian  WDW News Today View Full Coverage on … Read more

Jim Cramer says these 5 high-yielding stocks have his stamp of approval

CNBC’s Jim Cramer on Tuesday offered investors a list of five high-yielding stocks they should have on their shopping lists. Here is his list: Ford KeyCorp Federal Realty Devon Energy ONEOK The two-year Treasury has surged as of late to around 4.3%, which is a sign that the Federal Reserve will continue to raise interest … Read more