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Business, Stocks

“Altria adds $2.4 billion to share repurchase kitty, lifts earnings forecast on AB InBev stake sale”

“Altria Group expanded its share buyback program by $2.4 billion and raised its annual profit forecast on Thursday, after the Marlboro maker agreed to sell about 10% of its stake in brewer Anheuser-Busch InBev… The company now expects 2024 adjusted… Continue Reading…

Business

[FALSE CLAIM] “Climate change is driving insurance rates up, forcing developers to add weather-proofing”

“…Commercial real estate properties have seen insurance rates rise an average of over 7% since 2017, according to an August Moody’s report. That’s compared to a typical yearly increase of about two to three percent. “It’s not all really due to… Continue Reading…

Business

“Uber May Add To Its 74% Run; Its 2024 Earnings Are Expected To Soar 119%”

“IBD 50 growth stock Uber (UBER) has gained 74% so far this year, and its chart suggests another run is in store… Uber’s sales growth, though still strong, has tapered off over the past three quarters and losses are narrowing. For the… Continue Reading…

Economy, Energy

[Bad Idea] “Walmart will add thousands of EV charging stations to stores by 2030”

“Walmart announced Thursday it plans to add electric vehicle charging stations to thousands of U.S. stores by 2030. The company announced it would expand its EV fast-charging network to Walmart and Sam’s Club locations across the country, adding to the… Continue Reading…

Business

“Schwab adds 3.2 million new brokerage accounts in first quarter – more than all of 2020”

“Retail investing behemoth Charles Schwab added more clients in the first three months of 2021 than in all of 2020. Schwab added a record 3.2 million new clients in the first quarter of 2021. The firm added about 2.4 million… Continue Reading…

Business

“Comcast nets record high-speed internet adds, has nearly 22 million Peacock sign-ups”

“Comcast on Thursday reported third-quarter earnings that beat analyst estimates on the top and bottom lines… Here are the key numbers: Earnings per share: 65 cents, adjusted vs.52 cents expected, according to Refinitiv survey of analysts Revenue: $25.53 billion vs. $24.74 billion expected,… Continue Reading…

Economy

“Companies added better than expected 749,000 jobs amid jump in construction, hospitality, ADP says”

“The firm’s monthly private-sector jobs count showed growth of 749,000, ahead of the 600,000 expected from a Dow Jones economist survey… The ADP results are “incrementally positive” for the jobs outlook, said Goldman Sachs, which estimates nonfarm payroll growth of… Continue Reading…

Stocks

“…Stocks rise, Dow adds 200+ points amid vaccine, stimulus optimism”

“Stocks mostly rose Tuesday, with the S&P 500 closing in on a record level as hopes for a vaccine and further stimulus spurred a global risk rally and a pop in “reopening” stocks. The Nasdaq underperformed again as shares of… Continue Reading…

Economy, Stocks

“Stocks surge as US economy unexpectedly adds 2.5M jobs in May”

“The Dow advanced more than 2% shortly after market open, adding more than 700 points. The 30-stock index hit its highest level since March 4. The S&P 500 also rose more than 2% and hit its highest level since February… Continue Reading…

Stocks

“…Stocks extend gains, Dow adds 700+ points”

“10:38 a.m. ET: Stocks pare some gains Stocks eased up after surging at market open. Each of the three major indices, however, was still up at least 1%. Gains in the S&P 500 were led by the Energy sector, up… Continue Reading…