Category: Market Movers
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Rapid7 on the Radar: Could This Cybersecurity Stock Be Your Next Big Win?
The company experienced a significant surge in its stock price, jumping 6.8% following the revelation that activist investor Jana Partners has accumulated a substantial stake in the company and is pushing for its sale.
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Is the Job Market Cooling Down? What This Could Mean for Interest Rates and Beyond
The American labor market seems to be shifting gears. While many job openings remain, recent data suggests a slowdown in hiring and wage increases. This shift has a significant impact on the Federal Reserve’s interest rate decisions and the broader economic outlook.
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Smartsheet Soars Amid Buyout Buzz: Is Now the Perfect Time to Invest?
Investors are buzzing with excitement over Smartsheet, as the Bellevue-based software company finds itself at the center of acquisition interest from major buyout firms.
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Stock Market Today: Stocks Manage to Make Gains as Tech Rebounds
US stocks opened on a more optimistic note this Monday, July 22nd, 2024, following a rough week. As of midday trading, the S&P 500 (^GSPC) was up 0.65%, while the tech-heavy Nasdaq Composite led with 0.81% while the Dow Jones Industrial Average was near a flatline.
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Stock Market Today: Stocks Nervous as Investors Eye Rate Cuts, Job Data, and Upcoming Election
The US stock market was mixed during trading this Tuesday, caught in a tug-of-war between positive economic signs and lingering anxieties. While data indicated a resilient job market and raised hopes for interest rate cuts, the potential impact of the upcoming election added a layer of uncertainty.
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Cooling Inflation Data: Will the Fed Cut Rates Sooner?
The latest reading on the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, showed a slowdown in May, providing a glimmer of hope for consumers struggling with stubbornly high prices. This new data has reignited the debate among economists about when the Federal Reserve might cut interest rates.
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Stock Market Today: Stocks Rise After a Bumpy Week
The stock market is closing out a bumpy week with a mixed performance, with the S&P 500 and Nasdaq edging slightly higher while the Dow Jones finished flat. This comes despite some positive economic data and the ongoing impact of the first Biden-Trump debate.
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Is the US Labor Market Cooling Down? Decoding Jobless Claims Data
The recent rise in jobless claims data has sparked debate among economists around the health of the US labor market. While some see it as a sign of normalization following a period of red-hot job growth, others worry it could be a sign of a slowdown…
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Consumer Confidence Dips in June, But Labor Market Strength Offers Hope
A recent survey by the Conference Board shows a mixed bag of US consumer sentiment. While consumer confidence dipped slightly in June, there are still some hopeful signs, particularly in how consumers view the current labor market.
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A New Era in Electric Vehicles: Rivian and Volkswagen
Rivian, the electric vehicle (EV) startup, recently announced an exciting new joint venture with established automaker Volkswagen (VW). This news brings exciting possibilities for the EV maker and is raising questions about the future of the EV landscape.