Anthony Scaramucci Said He Wants Sarah Sanders to Continue to Use the Hair and Makeup Person
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Singapore's OCBC scouting for Indonesian acquisitions - CEO
Singapore-based Oversea-Chinese Banking Corp Ltd is hunting for acquisitions in Indonesia to speed up its growth, aiming to leverage a strong capital buffer built up in recent years, the head of Southeast Asia's second-biggest bank said. "We think our capital is now good for us to enter a quick phase of growth," said Wong, a former HSBC Greater China CEO and the first woman to head a Singapore bank. Wong noted that OCBC's capital buffer got a further lift this year from a 7% rise in first-half net profit to a record S$2.84 billion ($1.98 billion), adding to last year's robust recovery from the COVID-19 related slump.
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Inflation Was Terrible. Here's Why the Market Rallied.
The stock market took it literally on Thursday with a massive rally following an inflation reading that everyone agreed was way too hot. The CPI rose 0.4% in September, up from 0.1% in August, and above estimates for 0.2%. Core consumer prices, which don't include food and energy, rose 0.6%, above forecasts for 0.4%, and unchanged from August.
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Why Stocks Swung 5% in One Day
(Bloomberg) -- A shock turnaround in equities sent Wall Street searching for something -- anything -- to explain how yet another red-hot inflation number translated into one of the best days of the year. Most Read from BloombergStocks Surge in Wild Ride After CPI Data Selloff: Markets WrapCore US Inflation Rises to 40-Year High, Securing Big Fed HikeWorld Faces New Threats From Fast-Mutating Omicron VariantsIntel Is Planning Thousands of Job Cuts in Face of PC SlumpBitcoin Becoming Less Volatile
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Why Nio Stock Dropped Again Today
Nio (NYSE: NIO) stock has tanked more than 40% in the last month, far outpacing the approximately 14% decline in the S&P 500 index. Nio shares continue to slide today, down 2.5% as of 11:25 a.m. ET. Nio doesn't yet do business in the U.S., but the prospect for the Federal Reserve to have to raise rates even more than hoped has global implications.
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Why Novavax Stock Is Skyrocketing This Week
Shares of Novavax (NASDAQ: NVAX) were skyrocketing 31.6% this week as of 3:18 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence. On Monday, Swiss regulators recommended the use of Novavax's Nuvaxovid COVID-19 vaccine as a booster in adults ages 18 and older. Novavax's partner, SK Bioscience, also filed for South Korean approval of Nuvaxovid as a booster.
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Why Amazon, Shopify, and MercadoLibre Stocks All Fell Today
Amazon (NASDAQ: AMZN), Shopify (NYSE: SHOP), and MercadoLibre (NASDAQ: MELI) were all diving today after the September Consumer Price Index (CPI) came in hotter than expected. Wall Street was eagerly anticipating the report, as the inflation number is one of the biggest factors impacting the Federal Reserve's decision on interest rates. With the month-over-month CPI up 0.4%, its fastest growth in three months, and the year-over-year number still high at 8.2%, it's clear that inflation continued to be a problem for the economy in September.
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Top 10 Stock Picks of Gavin Abrams' Abrams Bison Investments
In this article, we discuss the 10 top stock picks of Gavin Abrams' Abrams Bison Investments. If you want to skip reading about Gavin Abram's investment strategy and his hedge fund's performance, you can go directly to the Top 5 Stock Picks of Gavin Abrams' Abrams Bison Investments. Based out of Bethesda, Abrams Bison Investment […]
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Why stocks scored a historic bounce after another hot inflation report
Stock-market investors can be forgiven for feeling a little dizzy after a day that saw stocks plunge in reaction to another round of hotter-than-expected inflation data only to surge higher and extend gains into the closing bell. "While I certainly wouldn't classify this morning's flush capitulatory, the stock market is dealing with disappointing inflation reports a lot better than a short time ago," said Mark Arbeter, president of Arbeter Investments LLC, in note. The Dow Jones Industrial Average (DJIA) fell just shy of 550 points, or 1.88%, but ended the day up 827.87 points, or 2.8%, at 30,038.72.
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Why Ford Stock Turned Positive Today
Ford (NYSE: F) shares dropped nearly 3% Thursday morning as markets reacted to the Labor Department's latest monthly inflation data. There was good reason to think Ford shares would drop on the worse-than-expected inflation data. Ford is in the beginning stages of its transition to a company with three separate segments, and many investors are focusing on the electric vehicle (EV) segment.
- American City Business Journals
Wells Fargo's San Francisco headquarters houses no member of its 'senior leadership team'
No one from Wells Fargo's 17-member "senior leadership team" remains based at the bank's headquarters in San Francisco, the bank told me Wednesday. The senior leadership team, as outlined on the bank's website, includes CEO Charlie Scharf and the C-suite along with other senior executives, such as the heads of several business units. As recently as February 2020, Wells had four members of its then 15-member senior leadership team based in San Francisco, where the bank (NYSE: WFC) was founded in 1852 amid the Gold Rush.
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2 Stocks Yielding Over 7% That Are a Steal Today
Verizon (NYSE: VZ) and AT&T (NYSE: T) are now trading for price-to-earnings ratios under 10 and yielding over 7% from their dividends. Why are these stocks cheap and is there an opportunity for investors? Travis Hoium covers why the reward well outweighs the risk for these stocks.
Source: https://finance.yahoo.com/news/anthony-scaramucci-apos-apos-hair-112147947.html
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