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Market News

Location American Market News for 28 April 2023
Milei The level of desperation in the Casa Rosada and the Economy Ministry is similar to what the majority of the population is suffering.
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Dave Lauer is mobilizing individual investors in favor of a stock-market overhaul.
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Here are seven major companies whose stocks moved on the week's news.
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Income Tax: IT department issues offline format of ITR-1 and ITR-4 for AY 2023-24: Who is required to file? The Income Tax Department has enabled excel utilities or offline versions of ITR 1 & 4 for the financial year (FY) 2022-23, or AY 2023-24.
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The fixed-rate portion of the I bonds rises to 0.9%, up from 0.4%.
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Intel Faces a Long Climb Back from the Bottom

Wall Street Journal - 28 Apr 2023 17:59
The downtrodden stock jumps on better-than-feared results, but lots of work lies ahead.
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GE HealthCare Reports Steady 1Q23 Results; Maintain 'Buy' Rating GEHC, $81.52, Market Capitalization $37.1 billion), a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, reported 1Q23 results with a beat on both revenue and EPS versus conse...
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From Toilet Paper to Mayonnaise, Staples Stay Strong

Wall Street Journal - 28 Apr 2023 17:14
Makers of everyday household goods say consumers are sticking with them despite double-digit price increases.
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Getting the Sharp End of the Investing Stick

Wall Street Journal - 28 Apr 2023 17:00
Investors are flooding into funds that specialize in private debt. Many claim to offer mouthwatering returns at extremely low risk, but those claims depend on an unrealistic definition of "risk."
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Credit Card Delinquencies Test Multi-Year Highs As Job Market Faces 'Material' Worsening, Capital One Warns There are "nascent signs of trouble brewing" in the world of consumer credit card debt, one analyst cautions.
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Junk Bonds Shake Off Recession Worries

Wall Street Journal - 28 Apr 2023 16:00
Despite signs of slowing growth, investors' interest in junk bonds remains steady.
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Amazon Stock Down 5% As High Prices Slow AWS Growth AWS is slowing down as Azure speeds up. That could hurt Amazon's operating profit.
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Exxon Has 40 Billion Reasons to Go Shopping

Wall Street Journal - 28 Apr 2023 15:10
A gusher of cash and a richly priced stock could steer the supermajor toward a deal.
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GDP Growth Slows In Q1, Adding Fuel To The Recession Fire US GDP only grew by 1.1% in Q1, missing expectations of 1.9% economic growth
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How Will The Cyber Attack Impact Dish's Q1 Results? We expect that earnings will stand at about $0.38 per share, ahead of the consensus estimates of about $0.36.
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Just Say No To This 14.8% Dividend

Forbes - 28 Apr 2023 13:02
Just Say No To This 14.8% Dividend So should we sell everything?
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What's Next For Activision Blizzard Stock After Its Recent 11% Fall? Although Microsoft plans to appeal against this decision, ATVI stock plunged 11% to $77 on April 26 following this development.
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What Does Vornado Realty Trust's Dividend Suspension Say About The Real Estate Economy? Vornado Realty Trust suspended its dividend through the end of the year.
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Beijing's Bain Raid, Espionage Law are Self-Sabotage

Wall Street Journal - 28 Apr 2023 12:15
China's economy is bouncing back. Recent moves show that the potential for state overreach is, too.
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Higher Truck Sales Will Drive Ford's Q1 Results We expect Ford's revenues for the quarter to come in at about $36.4 billion, marking a 13% increase versus last year and about 1% ahead of consensus estimates.
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Argentina Faces Judge Loretta Preska And A New Set Of The case, of course, is more complicated, but ultimately represents a failure to face and resolve the structural challenges of the beleaguered sovereign and its never-ending attempts to escape a chronic cycle of ineptitu...
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As eating out is replaced by ordering out, restaurant real estate gets a radical makeover
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