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Apple shares plunge after it hikes prices on iPads and laptops NBC NewsApple posts worst day in over a year after MacBook and iPad price hikes CNBCStock Market Today, June 25: Apple Drops After Raising Device Prices to Offset Higher Memory Costs Yahoo FinanceApple raises prices of MacBooks, iPads as memory costs skyrocket Reuters
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Oil risks fresh shocks as Iran appears to assert control over the key waterway.
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A list of 20 highly rated stocks favored by analysts for gains over the next year includes only one that has risen this year: Nvidia.
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In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
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The British Business Bank has made a £40m cornerstone commitment to FPE Capital's Fund IV to widen access to growth capital for smaller businesses with higher potential across the UK. The commitment comes as the fund completes its first close, surpassing the size of its predecessor. It also strengthens the Bank's relationship with FPE. The […]
The post FPE Capital Fund IV secures £40m BBB commitment appeared first on AltAssets Private Equity News.
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Stocks continued their push higher Friday, with today's gains helping the major market indexes snap a three-week losing streak.
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There was nothing particularly new today to boost investor sentiment. Both the economic and earnings calendars were thin. And early afternoon speeches from Kansas City Fed President Esther George and Fed Governor Christopher Waller echoed the hawkish tone struck by central bank officials in recent weeks. It could just be that Wall Street has come to terms with the fact that the Fed will almost certainly issue a third-straight 75 basis point rate increase at its policy meeting later this month. Or perhaps investors are simply taking advantage of bargains from the late-August selloff.
Whatever the reason, today's rally was broad-based, with all 11 sectors finishing higher. Leading the pack was communication services, which jumped 2.8% on strong gains for components Meta Platforms (META, 4.4%) and Netflix (NFLX, 2.7%). Energy ( 2.5%) also outperformed as U.S. crude futures bounced 3.9% to $86.79 per barrel.
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As for the major indexes, the Nasdaq Composite's 2.1% rally to 12,112 outpaced its peers. Still, the S&P 500 Index ( 1.5% to 4,067) and the
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