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AMERIPRISE FINANCIAL INC
'Big Short' fame Michael Burry’s depreciation gripe shines spotlight on big tech profitsMichael Burry has raised concerns that Big Tech's soaring profits might be artificially inflated due to extended depreciation schedules for...- Asian stocks muted at open before earnings barrageAustralia’s benchmark stock gauge rose 0.4%, while equity-index futures for Hong Kong and China showed marginal moves. Contracts for the S&...
- Dow hits 2023 peak as Salesforce jumps, inflation easesWhile the Dow rose to 35,725.11 points, crossing its intraday high of 35,679.13 points hit in August, all three main indexes were on course...
- Asian stocks climb with economic data in focusAn Asian equity gauge climbed 0.5%, supported by gains in Hong Kong, Japan and Australia. Shares in mainland China fell at the open, before...
- US stock market: S&P, Nasdaq weak as manufacturing stokes Fed concernsEnergy and materials sectors were among the few winners in the session as commodity prices gained after data showed China's manufacturing a...
- US stock market: Goldman, Travelers drag Dow lower as earnings season picks upGoldman Sachs Group Inc slumped 6.44% after the bank reported a bigger-than-expected drop in quarterly profit and was the biggest drag on t...
- US stock market: Wall Street drops more than 1% with jobs data feeding fears of more Fed tightening"As long as the labor market is resilient, the Federal Reserve has to continue to tighten financial conditions to bring inflation down," sa...
- Wall Street drops as consumer data stokes inflation worryIn the last session of a volatile week, equities opened higher, then reversed course after data from the University of Michigan showed cons...
- BNP hires advisers to explore $15 bln Bank of the West sale - sourcesSources say JPMorgan and Goldman Sachs working with BNP, discussions are still at an early stage. PNC, Canada's RD and BMO are seen as pote...
- Big tech's stock market leadership threatened by rising ratesApple, Microsoft, Amazon.com, Alphabet and Facebook, the five largest US companies, have delivered reliable outsized gains to shareholders ...
- Wall Street hits record closing highs on robust June jobs dataThe Labor Department's employment report showed nonfarm payrolls increased by 850,000 jobs last month, but the total is 6.8 million below i...
- Wall Street Week Ahead: Retailers set for earnings stage after inflation-sparked market turbulenceThe S&P 500 fell 4% from Monday through Wednesday, the biggest three-day swoon for the benchmark index since late October, after several mo...
- Wall Street ends lower on lockdown fears, likely delay of stimulusThe Dow shed as much as 900 points and the CBOE Market Volatility index, Wall Street's fear gauge, shot up to its highest level in nearly t...
- Wall Street ends lower on lockdown fears, likely delay of stimulusAll the major S&P indexes were down, with energy leading declines as oil prices slid on the possible return of Libyan production and rising...
- Investors eye economic data, stimulus measures as stocks rally stallsThe benchmark S&P 500 has risen about 34% from its late March lows.
- Dow Jones falls as coronavirus ends record job growthEconomists have cut their forecasts for US GDP, with Morgan Stanley now predicting a 38% contraction in the second quarter.
- Tariffs threaten market-leading tech, consumer stocksUS President Donald Trump has said he is prepared to move forward with levies on an additional $267 billion.
- Chances remote of US economy shrinking in next 12 months, shows recent historyThere is only about a one-in-three chance that America’s economy will shrink within the following 12 months.
- Twitter valuation may exceed $20 billion after IPOAt $12.8 billion, Twitter would be valued at 28.6 times revenue of about $448 million over the past 12 months.
- Manufacturing in US probably grew most in six months to lead expansionManufacturing in the US probably expanded in December at the fastest pace in six months, remaining at the forefront of the expansion enteri...
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