financial market news

Google, Oracle, Amazon, Microsoft to share $9 billion ‘return of JEDI’ defense contract

Alphabet Inc.’s Google, Oracle Corp., Amazon.com Inc., and Microsoft Corp. will share a $9 billion hybrid contract to provide secure cloud services for the Pentagon worldwide, the Department of Defense said Wednesday. In the Pentagon’s daily contract announcements, Alphabet GOOG, -2.22% google, -2.10%, Oracle Oracle, -0.16%, Microsoft MSFT, -0.31%, Amazon AMZN, +0.24% were jointly named …

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Interactive: Here are the politicians who received money from FTX’s Sam Bankman-Fried

Sam Bankman-Fried opened up his wallet to Washington in a big way during the 2022 election cycle, donating about $40 million publicly. So which politicians got money from the founder and former CEO of collapsed cryptocurrency exchange FTX? MarketWatch has compiled an interactive list below of the candidates and committees who received funds from Bankman-Fried …

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Bank of America stock plunges, leading selloff in shares of the largest US banks

Shares of many of America’s largest banks are falling sharply this week after a period of performance that saw Goldman Sachs Group GS, -2.32% claw back practically all of its losses from earlier in the year. Shares of Bank of America Inc. BAC, -4.26% Shares were down 5.5% Tuesday afternoon at $32.57, their lowest level …

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10 Dividend Aristocrat stocks expected by analysts to rise up to 54% in 2023

Stocks of companies that raise dividends consistently have improved during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded list of Dividend Aristocrats. That’s followed by a list of Aristocrats with the highest dividend yields. First, let’s define this group of stocks. Holding up …

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Here’s where investors made a ‘risk-free’ 6.6% return in the past four US recessions

Who says bonds can’t be flashy? Investing in the nearly $24 trillion US Treasury market and other forms of government-backed debt could be a good bet next year, particularly if another recession hits, according to Truist Advisory Services. The team studied the past four US recessions and found that investors who avoided going out on …

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The US economy won’t collapse under Fed’s ‘weight’ based on the performance of these sectors despite inflation and oil risks

Investors are trying to read the tea leaves in a choppy US stock market to gauge whether its recent higher run can continue after Federal Reserve Chair Jerome Powell unleashed bullish sentiment at the end of November by indicating its aggressive interest rate hikes could slow. “The leadership of the stock market is telling you …

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BofA is selling US equities rallying on worries that unemployment will be ‘shocking’ in 2023

Strategists at BofA Global Research said it is time to sell the US stock market rally ahead of a potential surge in the unemployment rate next year. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street’s consumer sentiment as inflation in 2022,” strategists led by Michael Hartnett, chief global equity …

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The November jobs report is the most important data for inflation this year – and not in a good way

The November US jobs report on Friday showed the US economy gained 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Journal had expected an addition of 200,000 jobs. Wages jumped 0.6% in November, double the expected pace. Below are some initial reactions from economists and …

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Opinion: The S&P 500 is on the cusp of breaking through a level that might spell the end of the bear market

The stock market has sputtered at times over the past three weeks, but Federal Reserve Chairman Jerome Powell’s statements Wednesday prompted the S&P 500 SPX, -0.09% to jump above a technical resistance level at 4030 points. The benchmark index is now challenging the declining 200-day moving average (MA) and the trend line that defines the …

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Opinion: The S&P 500 is on the cusp of breaking through a level that might spell the end of the bear market

The stock market has sputtered at times over the past three weeks, but Federal Reserve Chairman Jerome Powell’s statements Wednesday prompted the S&P 500 SPX, -0.09% to jump above a technical resistance level at 4030 points. The benchmark index is now challenging the declining 200-day moving average (MA) and the trend line that defines the …

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