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Hong Kong stocks up around 2% after previous session's rally;  Asia markets rise ahead of Fed decision

Hong Kong stocks up around 2% after previous session’s rally; Asia markets rise ahead of Fed decision

Oil prices rise following industry report of fall in US crude inventories Oil prices rose on Wednesday as demand persisted despite high interest rate hikes, industry reports showed a drop in US crude inventories, Reuters reported citing American Petroleum Institute figures released on Tuesday. Brent crude futures gained $1.31, or 1.46%, to stand at $95.87 …

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Australia raises 25 bps as expected, Hong Kong stocks lead gains in Asia-Pacific markets

Australia raises 25 bps as expected, Hong Kong stocks lead gains in Asia-Pacific markets

Australia’s central bank hikes rates by 25 basis points as expected The Reserve Bank of Australia raised interest rates by 25 basis points to 2.85%, in line with the average forecast by analysts in a Reuters poll. This is the seventh consecutive tightening move by the RBA in a bid to control inflation in the …

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Hong Kong stocks up 3% in Asia session as private survey shows China's factory activity contracted;  RBA decision ahead

Hong Kong stocks up 3% in Asia session as private survey shows China’s factory activity contracted; RBA decision ahead

CNBC Pro: What investors should buy in this ‘short lived’ rally, according to one analyst After October’s stock market rally, investors are debating whether stocks have hit the bottom or if it’s another short-lived bounce. Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management, is in the latter camp, arguing that the rally, …

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Jim Cramer: The tech tyranny is over.  These are the stocks driving this market

Jim Cramer: The tech tyranny is over. These are the stocks driving this market

Never have the bulls been more bashful and timid. Never have the bears been so ascendant and so wrong. Oh sure, the bears nailed Meta Platforms (META) and hit Microsoft (MSFT) out of the park. Amazon (AMZN) flopped. So did Alphabet (GOOGL). But when the bears — with the help of everyone in the media …

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These five stocks are best positioned for long-term growth, according to Goldman analysts

These five stocks are best positioned for long-term growth, according to Goldman analysts

Goldman Sachs said this week that there are a bunch of stocks that are poised for long-term growth. These five companies are all coming off of quarterly results, and analysts say they have attractive upside for patient investors. CNBC Pro combed through the top Wall Street research to find some of Goldman’s top buying opportunities …

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Oil giant Shell reveals plans to hike dividend as quarterly profits more than double

Oil giant Shell reveals plans to hike dividend as quarterly profits more than double

The logo of Shell on an oil storage silo, beyond railway tanker wagons at the company’s Pernis refinery in Rotterdam, Netherlands, on Sunday, Oct. 23, 2022. Bloomberg | Bloomberg | Getty Images British oil major Shell on Thursday reported that quarterly profits more than doubled from the same period last year, but lower refining and …

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Stocks making the biggest moves midday: Xerox, Logitech, Upstart, Hibbett, Planet Fitness & more

Stocks making the biggest moves midday: Xerox, Logitech, Upstart, Hibbett, Planet Fitness & more

Tony Avelar | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Logitech — The computer peripherals maker jumped 11.8% after Logitech reiterated its full-year guidance, which was lowered in July. Logitech has struggled with weaker demand after a boom in sales during the height of the pandemic. Upstart — Shares …

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JPMorgan president says a recession may be the price to pay to beat inflation, market bottom not yet

JPMorgan president says a recession may be the price to pay to beat inflation, market bottom not yet

Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, Oct. 18, 2019. Al Drago | Bloomberg | Getty Images JPMorgan Chase President Daniel Pinto has vivid memories of what life is like when a country loses control of …

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Earnings are off to a surprisingly decent start.  Next week is the big test for tech

Earnings are off to a surprisingly decent start. Next week is the big test for tech

Stocks rallied this week as earnings season ramped up and is so far off to a better-than-expected start. With 20% of the S & P 500 having reported financials so far, sales results have thus far been 1.4% above expectations while earnings results are 5.4% above expectations, in aggregate. While the estimates have come down …

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Stocks making the biggest moves midday: Netflix, Intuitive Surgical, Generac, Winnebago and more

Stocks making the biggest moves midday: Netflix, Intuitive Surgical, Generac, Winnebago and more

The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Generac — Shares were trading down 25.3% after the company cut its expected full-year revenue growth to a range of 22% to 24%, down from …

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