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Economy

“65% of Americans earning $100,000 or more are ‘very concerned’ about inflation, new CNBC poll finds”

“Inflation is a real worry for many Americans — even those who earn six figures — and it’s impacting decisions about how they spend their money. Fully 96% of those high earners are concerned about inflation and 65% are “very… Continue Reading…

Business

“T-Mobile Shares Gain Over 6% After Earnings Beat; Buy with Target Price $138”

“The U.S. wireless carrier said its total service revenues increased year-over-year to $14.1 billion in Q3 2020 and total revenues increased year-over-year to $19.3 billion in Q3 2020, driven by the Sprint merger and continued customer growth. That was higher… Continue Reading…

Stocks

“Dow Jones Today, Futures Inch Up As Micron, Cisco, Tesla Lift; Nike Rises Ahead Of Earnings”

“…Chip stocks seized some early initiative as Micron Technology (MU) and Western Digital (WDC) raced to the top of the Nasdaq 100 and S&P 500. Cisco Systems (CSCO) climbed atop the Dow Jones today, while Netflix (NFLX) aimed to extend its four-day rally. 01:0801:08 Dow Jones futures edged up… Continue Reading…

Stocks

“U.S. Stocks Rise as Earnings Roll In; Bonds Climb: Markets Wrap”

“The S&P 500 Index traded above 3,000, approaching its all-time high. Biogen Inc. surged on news it will ask U.S. drug regulators to approve an experimental Alzheimer’s therapy. The U.S. dollar fluctuated… It’s a huge week for earnings, with around one-fifth of… Continue Reading…

Banking, Economy

“Citi starts bank earnings on a positive note thanks to buybacks”

“Citigroup kicked off bank earnings season on Monday with solid results that were boosted by a splurge in share buybacks. The stronger-than-expected earnings from Citi (C) suggest America’s big banks continued to chug along during the second quarter in the face of a challenging economic… Continue Reading…