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Stocks plunge on strong jobs report

Stocks open lower on hot inflation data

The Dow Jones Industrial Average fell Friday on warmer-than-expected inflation data ahead of the Federal Reserve’s rate policy meeting next week. Broadcom, Costco and Lululemon were earnings drivers ahead of Friday’s market open, while Netflix jumped on an analyst upgrade. X Wholesale inflation data was released on Friday, with the release of the Department of …

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Cramer talks about some hot industrial stocks and how we play Wall Street's kingpin from tech

Cramer talks about some hot industrial stocks and how we play Wall Street’s kingpin from tech

The market is so obsessed with technology that it cannot see the forest through the industrialists. If the talk isn’t about the cloud slowdown, it’s about who is stepping down from the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor has left Salesforce (CRM). Mark Zuckerberg of Meta Platforms (META) might sneeze …

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Jim Cramer's 10 most important things to watch in the Friday market: Hot jobs, chip issues, FedEx looks OK

Jim Cramer’s 10 most important things to watch in the Friday market: Hot jobs, chip issues, FedEx looks OK

My Top 10 Things to Watch Friday, December 2, 2022 1. US stock futures point to a weaker open as bond yields rise on stronger-than-expected job growth and wage inflation in November. Non-farm payrolls increased by 263,000. The country’s unemployment rate remains, as expected, at 3.7%. Average hourly earnings up 0.6% month-over-month and 5.1% year-over-year, …

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Blackstone's $69bn REIT stifles takeovers in blow to real estate empire

Blackstone’s $69bn REIT stifles takeovers in blow to real estate empire

NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) on Thursday limited withdrawals from its $69 billion unlisted real estate income trust (REIT) after a spike in redemption requests, an unprecedented blow to a franchise that helped it become an asset management giant. The brakes came because redemptions hit pre-set limits, rather than Blackstone setting …

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FTX founder Sam Bankman-Fried in the hot seat as Senate inquiries and criminal probes progress

FTX founder Sam Bankman-Fried in the hot seat as Senate inquiries and criminal probes progress

Chicago Mercantile Exchange chief tells ‘Tucker Carlson Tonight’ he tried to warn against SBF Sam Bankman-Fried is facing a flurry of legal repercussions over his involvement in the collapse of FTX, the cryptocurrency trading platform he founded in 2019, with congressional investigations set to kick off in the coming months. weeks. The Senate Agriculture Committee, …

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Hot Springs Metro Partnership to market the Majestic site

Hot Springs Metro Partnership to market the Majestic site

The Hot Springs Board of Directors on Tuesday delegated the marketing of the Majestic Hotel site to the city’s economic development contractor, making the Hot Springs Metro Partnership the clearinghouse for all offers to purchase and redevelopment proposals. This is the first time the city’s $100,000 services contract with the partnership has included the marketing …

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