Bulls in the stock market are giddy. What is there no to be happy: the stock market mostly goes up, and making money seems easy. While newly minted investors focus on accumulating small, speculative stocks, institutions hide in large-cap tech stocks. For prudent investors, now is the time to understand …
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Apple’s decision to split its shares was made to help make investors more accessible, CNBC’s Jim Cramer said Friday, referring to a conversation he had with its CEO, Tim Cook. “I think Apple is making the right decision. Tim said to me last night, ‘Hey, I want more people in …
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US consumer spending increased for the second consecutive month in June, setting consumption for a rebound in the third quarter, although the recovery could be limited by a resurgence in the Covid-19 cases and the end of expanded unemployment benefits. The Commerce Department said on Friday that consumer spending, which …
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Amazon.com Inc. Chief Executive Jeff Bezos promised to spend the expected profits amid a huge surge in sales related to the COVID-19 pandemic, but sales grew so fast that it ended with record profits. Amazon AMZN, + 0.60% reported second-quarter earnings of $ 5.2 billion, or $ 10.30 a share, …
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Saul Loeb | AFP | fake pictures Stock futures rose Thursday night, preparing Wall Street to end the week on a high note as some of the biggest tech stocks (Facebook, Amazon, Alphabet and Apple) reported quarterly results that exceeded high expectations. Nasdaq 100 futures were trading 1.2% higher. Dow …
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