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Market News

Location American Market News for 7 October 2022
New Jobs Report Lands With 263,000 Added In September In figures that have just been released by the Bureau of Labor Statistics, there were a total of 263,000 new non-farm jobs added in the month of September.
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Verizon Communications Named 'Top Dividend Stock Of The Dow' At Dividend Channel With 6.9% Yield For example, the recent VZ share price of $37.84 represents a price-to-book ratio of 1.8 and an annual dividend yield of 6.9% -- by comparison, the average dividend paying stock in the Dow yields 3.2% and trades at a pri...
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This Aerospace Components Maker Appears To Be A Better Pick Over Northrop Grumman Stock There is more to the comparison, and in the sections below, we discuss why we believe TDG stock will offer better returns than NOC stock in the next three years.
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Unemployment Rate Fell To 3.5% In September As Labor Market Added 263,000 Jobs The new data signals the economy may not be cooling quickly enough for the Federal Reserve to ease up on interest rate hikes that are fueling bearishness in the stock market.
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Alex Mashinsky withdrew $10 million in tokens before stepping down as chief executive in late September.
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The billionaire has limited his avenues to get out of the acquisition, legal experts say.
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Stock Funds Down 24.8% in 2022

Wall Street Journal - 7 Oct 2022 19:25
Quarterly Monitor: The average fund fell 4.5% in the third quarter, adding to the year-to-date decline, as the market absorbed inflation troubles and the Fed's rate moves.
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London Metal Exchange Floats Russian Metal Ban

Wall Street Journal - 7 Oct 2022 19:17
An embargo could squeeze Russia's huge aluminum industry and create problems for international supply chains.
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Credit Suisse Ramps Up Efforts to Strengthen Finances

Wall Street Journal - 7 Oct 2022 19:06
Around 10 bidders submitted offers for the bank's securitized-products group, as it seeks ways to bolster capital after years of rocky performance.
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Down 13% Last Month, Does Ericsson Stock Look Set To Bounce? Ericsson stock (NASDAQ: ERIC) is down around 13% in the past month (twenty-one trading days), performing much worse than the S&P 500, which was down 5% over this period.
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ESG Spending: Friend Or Foe In The Modern Age? A recent series of surveys have highlighted mixed (and occasionally surprising) attitudes and intentions regarding ESG spending and investing.
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Will UPS Stock Rebound After A 14% Fall In A Month? UPS stock (NYSE: UPS) has seen a 14% fall in a month, significantly underperforming the broader S&P500 index, down 3%.
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How to Make Peace With Your Stock Market Losses

Wall Street Journal - 7 Oct 2022 16:45
For investors, the only thing worse than losing is having to admit that you're a loser. Here's how to clean up your portfolio without feeling ashamed.
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Nickel's Surprising Weakness Could Persist

Wall Street Journal - 7 Oct 2022 16:33
Supply growth from Indonesia paired with falling demand in Europe and China could spell trouble for the metal, used in batteries and stainless steel.
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A Better-Than-Expected Jobs Report Causes Markets To Plummet: Here's Why Former Treasury Secretary Larry Summers says the unemployment rate must reach 6% to tamp inflation, far from the 3.5% unemployment rate reported Friday.
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Biden Makes Marijuana History: What Does It Really Mean? For the first time ever, a sitting United States President has acknowledged the failure of cannabis criminalization and pledged to take bold action to address it... It is worth examining what this means, and doesn't mean...
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Over Half Of Americans View Leisure Travel As An Important Budget Priority, Even During A Recession Responding to a questionnaire conducted by Destination Analysts in September, 54.4% of Americans said that travel was either an "extremely high," "high" or "somewhat high" budget priority in the next three months.
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After A 40% Fall This Year Illumina Stock Is A Better Pick Over Its Peer There is more to the comparison, and in the sections below, we discuss why we believe ILMN stock will offer better returns than TMO stock in the next three years.
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9 Top Utilities Stocks, A Great Place To Invest During A Recession Investing in utilities shares can be a great way to limit downside risk and collect a healthy dividend in turbulent times. Here are some of the best utilities to consider investing in right now.
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More Chop Ahead

Forbes - 7 Oct 2022 15:27
More Chop Ahead Despite two consecutive down days, stocks are headed into Friday up on the week.
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Treasury Yields Climb After Jobs Data

Wall Street Journal - 7 Oct 2022 15:08
Government-bond yields rose Friday morning after fresh labor-market data for September showed little sign of a serious economic slowdown.
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Job Market Slowing...Fed Will Be Pleased

Forbes - 7 Oct 2022 15:01
Job Market Slowing...Fed Will Be Pleased The jobs report for September that has just be released by the Bureau of Labor Statistics shows a labor market that is clearly slowing, though it remains quite healthy.
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