Author: WTX Business Team

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Stocks making the biggest moves today Stocks making the biggest moves premarket: Alibaba, Applied Materials, Ulta Beauty and more Check out the companies making headlines before the bell: Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from analysts polled by LSEG. The company also reported better-than-expected fiscal fourth-quarter results and provided a strong outlook for adjusted earnings per share. Alibaba — S hares jumped more than 3% after the…

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Asia-Pacific markets Live Updates shows the Asian markets mostly rose Friday on morning, tracking a rally on Wall Street that saw the S&P log gains for a fourth straight day. Asia-Pacific markets Live Updates Investors in Asia assessed Japan’s October consumer price index data. The core inflation, excluding volatile fresh food prices, rose 2.3% from a year ago, slightly above the estimated 2.2%, according to analysts polled by Reuters. That’s cooler than 2.4% in the previous month. The overall CPI came in at 2.3%, versus 2.5% in September. Japan’s Nikkei 225 jumped 0.79% Japan’s Nikkei 225 jumped 0.79% while the…

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Stocks making the biggest moves midday: Nvidia, Palantir, Moderna, Ulta Beauty, Alibaba and more Market Insider Check out the companies making headlines in midday trading: Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped 7.3% and 4.7%, respectively. BioNTech , which helped develop a Covid vaccine with Pfizer, shed 3.7%, while GSK declined 1.9%. Even names such as Eli Lilly and Novo Nordisk were lower, with both stocks slipping 3.4% and nearly 5%, respectively, amid concerns that…

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GKN Aerospace owner Melrose holds outlook despite supply chain challenges Melrose Industries said it is on track to hit looming profit targets despite the industry-wide supply chain challenges plaguing the aerospace sector. The Birmingham-based manufacturer said this morning it expects adjusted operating profit of between £550m and £570m this year and £700m in 2025. In an update to markets, Melrose flagged a seven per cent year-on-year rise in revenue, driven by a 17 per cent jump in its Engines division. Aerospace manufacturers, particularly the major planemaker’s Airbus and Boeing, have struggled to meet a significant ramp-up in post-Covid demand from…

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UK inflation set to jump above target in headache for Rachel Reeves UK inflation is expected to have jumped above the Bank of England’s two per cent target in October, bolstering a cautious approach to cutting interest rates in the months ahead. A more gradual easing of monetary policy would be a headache for the new government, which has tried to reassure markets that last month’s big-spend Budget will boost economic growth without leading to runaway inflation. Economists forecast the consumer price index (CPI), due on Wednesday, to come in at 2.2 per cent for last month, up from 1.7 per cent…

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Bank of England governor says Brexit has undermined UK economy The Bank of England governor has urged ministers to “rebuild relations” with the EU, warning that Brexit has undermined the UK’s economy. Speaking at the Mansion House dinner in the City of London on Thursday evening, Andrew Bailey said he took no position on Brexit “per se”, but added: “I do have to point out consequences.” He said Brexit had “weighed” on the economy, pointing out in particular the impact of Brexit on the UK’s trade in goods. “It underlines why we must be alert to and welcome opportunities to…

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Reeves warns financial regulation has gone ‘too far’ in pledge to unleash the City The Chancellor Rachel Reeves warned that financial regulation had “gone too far” last night as she pledged to rip up red tape and put the City watchdogs on a growth footing. In her maiden Mansion House speech in the Square Mile, Reeves said that regulatory measures brought in since the financial crisis in 2008 have looked to “eliminate risk” and had “unintended consequences” in hampering growth. “We cannot take the UK’s status as a global financial centre for granted,” she said. “In a highly competitive world…

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Council tax bills could rise by 5% after Labour keeps cap in place Labour has confirmed council tax rises will be kept at the 5% cap next year, which could mean a rise of £100 for the average family’s bills. The prime minister’s press secretary said on Wednesday that the threshold by which local authorities can increase bills would “remain the same”. Hours earlier Keir Starmer had dodged a question from Kemi Badenoch, the Conservative leader, at prime minister’s questions about whether he would keep the cap on council tax. Speaking in the Commons, he said MPs “will know what…

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Pension ‘megafunds’ to be created to boost investment and economic growth Pension “megafunds” are set to be created to help unlock billions of pounds of investment in UK businesses and infrastructure. Rachel Reeves will use her first Mansion House speech on Thursday as chancellor to outline what is billed as the biggest pensions shake-up in decades. Consolidating assets into a handful of funds run by professional fund managers will allow them to invest more in infrastructure, supporting economic growth and local investment on behalf of the UK’s 6.7 million public servants, the government says. Source link

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