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  • Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak

    Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak0

    U.S. stock futures were trading in a tight range during Tuesday’s evening session, after major benchmark averages finished higher as investors continue their rotation toward tech stocks ahead of key CPI data and major bank earnings later this week. By 18:30 ET (23:30 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were

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  • Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories

    Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories0

    Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from the American Petroleum Institute showed that U.S. crude stockpiles surged by

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  • European Stocks Edge Higher; German Industrial Production Impresses

    European Stocks Edge Higher; German Industrial Production Impresses0

    European stock markets edged higher Monday, with sentiment boosted by China’s decision to fully reopen its borders as well as stronger-than-expected German industrial production. At 03:45 ET (08:45 GMT), the DAX index in Germany traded 0.3% higher, the CAC 40 in France gained 0.2% and the FTSE 100 in the U.K. climbed 0.2%. European markets

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  • Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears

    Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears0

    Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish rhetoric from the Federal Reserve will help spur a recovery in crude demand this year. China reopened its international borders for the first time since 2020, a clear indication that the

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  • GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV

    GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV0

    General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in

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  • Weekly Comic: China’s Precarious Reopening

    Weekly Comic: China’s Precarious Reopening0

    China’s dash for herd immunity from COVID-19 may not be the miracle cure for its economic ills that markets seem to think. Global markets have owed their bright start to the year largely to hopes that the world’s second-largest economy will quickly reap the benefits of dropping the harsh public health restrictions that slowed the

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