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The difference between this comeback and the market’s last failed bear market bounce

A 17% S & P 500 surge off a new bear-market low in a market drenched in stagflation panic? Be there. Such a rally rushing up to the index’s 200-day average alongside retreating bond yields, the Volatility Index cracking below 20 and hopes the Federal Reserve would soon ease up on its tightening? Done that. …

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The Fed’s path to a ‘Goldilocks’ economy just got more complicated

A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. Spencer Platt | GettyImages As far as jobs reports go, November’s wasn’t exactly what the Federal Reserve was looking for. A higher-than-expected payrolls number and a hot wage reading that was twice what …

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Zscaler, Marvell, DoorDash and more

Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018. Source: Nasdaq Check out the companies making headlines in midday trading. Zscaler – The cloud security company’s shares dipped 11% following its quarterly earnings report, despite Zscaler posting strong results. Earnings and revenue were stronger than analysts’ expectations. The company …

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Marvell Technology, Horizon Therapeutics, DoorDash and more

Marvell Technology Group Source: marvell.com Check out the companies making headlines before the bell: Marvell Technology (MRVL) – The chip maker’s stock slid 4.9% in the premarket after quarterly sales and profit fell short of Wall Street estimates. Marvell also issued a weaker than expected outlook. Inventory cuts by its customers are hurting results, he …

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South Korea inflation, US jobs report, China Covid-zero

India poised to become the third largest economy by 2030 India is projected to overtake Japan and Germany to become the world’s third-largest economy, S&P Global and Morgan Stanley forecast in a report. S&P’s prediction is premised upon the projection that India’s annual nominal GDP growth will average 6.3% through 2030. Similarly, Morgan Stanley estimates …

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S&P 500 futures fall slightly as investors wait Friday’s US jobs data

S&P 500 futures were slightly lower Thursday night as investors looked ahead to the November jobs report. Futures tied to the benchmark stock index dipped 0.15%. Dow Jones Industrial Average futures were lower by 0.15% and the Nasdaq 100 futures fell 0.25%. Shares of tech companies were on the move in after-hours trading following quarterly …

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Economist Austan Goolsbee named next Chicago Fed president

The economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. Goolsbee will take the seat officially on Jan. 9, 2023 and finish a term begun by the retiring Charles Evans that expires Feb. 28, …

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Economist Austan Goolsbee named next Chicago Fed president

The economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. Goolsbee will take the seat officially on Jan. 9, 2023 and finish a term begun by the retiring Charles Evans that expires Feb. 28, …

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Salesforce, Five Below, Okta, Costco and more

A shopper loads a car with bottled water at a Costco Wholesalers in Chingford, Britain March 15, 2020. John Sibley | Reuters Check out the companies making headlines in midday trading. Salesforce — Shares of the cloud-based software company slid more than 9% after the firm announced the sudden departure of co-CEO Bret Taylor. The …

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Key inflation measure that the Fed follows rose 0.2% in October, less than expected

A man climbs into the fridge for milk at a Walmart store in Rosemead, California on November 22, 2022. Frederic J. Brown | AFP | GettyImages Inflation rose in October about in line with estimates, sending a sign that price increases at least are stabilizing, the Commerce Department reported Thursday. The core personal consumption expenditures …

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