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Walmart’s stock climbs into record territory after new top bull says to keep buying

Shares of Walmart Inc. climbed into record territory Wednesday, after the discount retailer’s management did its job to convince investors of the strength of its business and growth initiatives.

These stocks offer some insulation against election volatility

As the U.S. gears up for November’s presidential election, stocks across sectors such as defense, telecom, water, environment and construction could provide refuge from any volatility that arises, according to KeyBanc Capital Markets.

A Trump-Vance victory should be bearish for the dollar and Treasurys

A Donald Trump victory in the race for the White House, and a Republican sweep of both houses of Congress, should logically be bearish for the U.S. dollar and U.S. Treasury bonds.

Tech selloff has erased $1.1 trillion of ‘Magnificent Seven’ market cap in 5 days

The seven Big Tech companies collectively have shed more than $500 billion in market cap on Wednesday alone.

5 of 12 Fed districts report flat or declining economic activity, Fed’s Beige Book finds

U.S. economic activity seemed to soften in the past two months, with five of the 12 Fed regions reporting flat or declining activity, a Federal Reserve survey released Wednesday found.

Dow holds firm while Big Tech pullback sinks S&P 500. Here’s why the market can take it.

A sharp pullback by the same megacap tech stocks that have driven a robust 2024 rally was dragging down the S&P 500 and the Nasdaq on Wednesday. Patient market bulls should be able to handle the pain, strategists said.

T-bill and chill: Americans are holding a record $2.4 trillion in Treasurys

U.S. households own more Treasurys than ever before as investors have sought to profit from Federal Reserve interest-rate hikes.

‘Character’ of this week’s stock-market rally is driven by Trump trades, Strategas CEO says

Traders are tracking prediction markets that have shown an increase this week in former President Donald Trump’s chances of victory in the November election, Strategas Securities’ Jason Trennert said Wednesday.

Coinbase more likely to get SEC action over crypto accounting after regulator dings rival for same practice

The odds that Coinbase Global Inc. will face a regulatory enforcement action over its accounting for crypto assets rose on Wednesday, after the regulator acted against another company for the same practice.

People may be devouring $5 value meals, but such deals can hurt McDonald’s and other restaurants’ bottom lines, analyst says

As more chain restaurants offer discounts and deals to woo inflation-weary customers, a prominent industry expert is warning that they may soon pay a price in terms of their bottom lines.

‘Absurd’ to think Trump’s policies would be inflationary, says possible Treasury pick

Hedge-fund manager Scott Bessent — viewed as in the running to become Treasury secretary in a second Trump administration — on Wednesday defended the Republican presidential nominee’s policies from the charge that they would boost inflation.

A strained low-income shopper is hurting Five Below. So are Target and Walmart, an analyst says

Shares of Five Below Inc. were on pace for their worst day in more than four years on Wednesday, a day after the teen-centric discount retailer announced a surprise executive shakeup.
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