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  • Nov 27, 2024

US third-quarter economic growth unrevised at 2.8%

The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending. Slight downward revisions to consumer spending, government outlays and exports, were offset by upgrades to private inventory accumulation, business investment as well as state and local government spending. Consumer spending, which accounts for more than two-thirds of economic activity, grew at a still-brisk 3.5% pace.

  • Nov 27, 2024

How To Earn $500 A Month From Apple Stock

Apple Inc. (NASDAQ:AAPL) shares closed slightly higher on Tuesday. Apple is reportedly changing its approach to software updates. The tech giant appears to be opting for staggered rollouts of new features instead of bundling everything into annual iOS releases. In his latest weekly “Power On” newsletter, Bloomberg columnist Mark Gurman said that Cupertino plans a significant update with iOS 18.4 this spring. With the recent buzz around Apple, some investors may be eyeing potential gains from the

  • Nov 27, 2024

German cabinet approves measures for better access to capital markets

BERLIN (Reuters) -Germany's cabinet on Wednesday approved a package of measures to promote startups and improve access to capital markets, government sources said, though it was unclear if it could get green-lit by parliament before February elections. The so-called Second Financing for the Future Act is meant to boost anaemic economic growth, in particular by improving the tax framework for investments in venture capital. It includes measures to remove obstacles to investment in infrastructure and renewable energies and cut bureaucracy.

  • Nov 27, 2024

Robotics Company Symbotic Stock Plummets Over 30% After Delayed Filing And Revenue Errors - What's Going On?

On Wednesday, Symbotic Inc (NASDAQ:SYM) announced a delay in filing its Annual Report on Form 10-K for the fiscal year ending September 28, 2024. The company cited the need for additional time to evaluate revenue recognition errors’ financial impacts and address related internal control weaknesses. The stock is down 31% in premarket trade. Also Read: Apple Faces Modest Growth As IDC Forecasts Smartphone Market Rebound These issues were initially identified in Symbotic’s recent earnings release.

  • Nov 27, 2024

Trump's tariffs in his first term did little to alter the economy, but this time could be different

Donald Trump loved to use tariffs on foreign goods during his first presidency. “There's going to be a lot more tariffs, I mean, he's pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States.

  • Nov 27, 2024

Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs

SINGAPORE/LONDON (Reuters) -Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two countries, traders and analysts said. Two sources familiar with Trump's plan told Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico, despite the U.S. oil industry's warnings that the policy could hurt consumers, industry and national security. Canada and Mexico are the top two petroleum exporters to the United States, contributing 52% and 11% of its gross imports, respectively, data from the U.S. Energy Information Administration showed.

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