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Here’s our plan for Monday after another painful week to own stocks

Stocks took a beating this week as the Federal Reserve raised interest rates by another 75 basis points, the third consecutive hike of that magnitude. It wasn’t the rate move — which was anticipated by the market — but Fed Chair Jerome Powell’s hawkish comments on Wednesday that hurt stocks. He’s now targeting a rate …

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European markets slide as investors digest more rate hikes

Market open: Fortum up 4%, Accor down 6% Shares of Fortum rose again in early trade Thursday after the Finnish company agreed to sell its 56% stake in German utility Uniper to the German government. The state-owned energy company shifted its stake in a nationalization deal. French hospitality company Accor saw its shares fall 6.3% …

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Yen weakens after Bank of Japan holds rates; Asian markets sink on hawkish Fed

Bank of Japan holds steady, stands by yield curve control policy – ​​yen weakens past 145 The Bank of Japan kept its interest rates on hold, according to an announcement posted on its website – meeting expectations forecasted by economists in a Reuters poll. The Japanese yen weakened to 145 against the greenback shortly after …

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European markets choppy as Fed meeting gets underway

Sweden’s central bank launches 100 basis point rate hike, says ‘inflation is too high’ Sweden’s Riksbank on Tuesday launched a 100 basis point hike to interest rates, taking its main policy rate to 1.75%, as it warned that “inflation is too high.” In a statement, the central bank said soaring inflation was “undermining households’ purchasing …

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Asia markets trade higher than Japan’s inflation nears 8-year high; China keeps benchmark lending rate unchanged

Tech, casino stocks in Hong Kong buoy broader index Australia’s central bank says the argument for slower rate hikes strengthening The Reserve Bank of Australia (RBA)’s board members “saw the case for a slower pace of increase in interest rates as becoming stronger,” according to minutes from its Sept. 6 meeting, where it raised its …

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Stocks making the biggest moves midday: Lennar, Coinbase, Array Technologies and more

A worker at a Lennar home under construction. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves midday Monday: DR Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which …

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Jim Cramer: My biggest worry with the Fed and why it has us in a holding pattern

There’s a broad perception that Federal Reserve Chairman Jerome Powell does not care one whit about corporate news. He’s strictly a creature of broad government economic reports — the consumer price index, the producer price index, industrial production, retail sales and, of course, the nonfarm employment numbers. He also cares about what his fellow Fed …

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Here are Friday’s biggest analyst calls of the day: Amazon, FedEx, Tesla, Apple, Snowflake & more

Here are Friday’s biggest calls on Wall Street: KeyBanc reiterates Apple as overweight KeyBanc said Apple shares remain attractive. “We recommend owning AAPL. Our KFLD (KeyBanc First Look Data) shows Indexed Spending was +2.0% m/m in August, vs. the three-year avg. of +1.0%. Positively, QTD data appears to be tracking +15 % where September should …

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Stock futures are higher than Wall Street awaits key inflation report

CNBC Pro: Want to invest in real estate? These REITs are among analysts’ favorites Real estate investment trusts — or REITs — are coming back to the spotlight after a volatile year for many asset classes. Analysts from Morgan Stanley and Citi highlight REITs from two sectors that they say could outperform the wider market, …

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JPMorgan Chase acquires fintech payments Renovite to help it battle Stripe and Block

The main entrance at JPMorgan’s headquarters in New York City. Erik McGregor | LightRocket | Getty Images JPMorgan Chase has agreed to acquire a payments startup called Renovite to fend off threats from fintech firms including Stripe and Block , CNBC has learned. The bank, a major player in the global payments arena, said that …

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