Apple Profit, Revenues Top Wall Street View, Outlook Disappoints; Shares Down 4%

Apple Inc. (AAPL) Thursday reported an earnings and revenues for the fourth quarter that trumped Wall Street estimates, helped by strong demand for its pricier iPhone X and XS. However, shares slipped over 4 percent in extended session after the iPhone maker issued a weak revenue outlook for the holiday season quarter.
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Disappointing Earnings News Leads To Sell-Off On Wall Street – U.S. Commentary

Following yesterday’s attempted recovery from an early sell-off, stocks showed a substantial move back to the downside during trading on Wednesday. The Dow dropped to its lowest closing level in over three-months, while the Nasdaq and the S&P 500 tumbled to five-month closing lows.
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Analyst says James Gorman is Wall Street’s new banking king

Move over Jamie Dimon. Wall Street has a new banking king. A leading analyst anointed Morgan Stanley’s chief executive as the new leader of Wall Street on Friday following a gangbusters quarter — calling an end to the longtime reign of Dimon at JPMorgan Chase. “There is simply no CEO in the financial industry better…
Business | New York Post

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Housing stocks get hit hard amid weak data and worries on Wall Street about rising interest rates

Housing stocks fall broadly after analysts at Credit Suisse lowered their ratings and price targets on several companies in the sector.
Real Estate

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Bank of America earnings’ jump, topping Wall Street estimates, as consumer credit improves

Chief Executive Officer Brian Moynihan, 59, has focused on cutting costs while looking for profit opportunities that fit his "responsible growth" mantra. 
Top News & Analysis

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Lingering Rate Concerns Contribute To Sell-Off On Wall Street – U.S. Commentary

Stocks saw substantial weakness during trading on Wednesday following the mixed performances seen in the two previous sessions. The tech-heavy Nasdaq showed a particularly steep drop, falling to its lowest closing level in over three months.
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Cramer: If Fed chief Powell were to ‘walk back’ aggressive rate remarks, Wall Street could rally

"All he has to do is say, 'You know what, I think that everything is on the table,'" CNBC's Jim Cramer says. 
Economy

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Tech stocks prop up Wall Street amid global growth worries

The S&P 500 and the Nasdaq rose for the first time in four days on Tuesday, boosted by a rebound in technology stocks, but gains were kept in check after the International Monetary Fund said the Sino-U.S. trade war would slow global growth.


Reuters: Business News

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Tech stocks take beating as Wall Street ends week with thud

Wall Street sputtered into Friday’s close with the three major indexes seeing red over a slew of economic data and headlines. A sell-off in tech stocks spurred by worries that tensions between the US and China would intensify led the Nasdaq to shed 3.2 percent, to close at 7,788.45 this week — its worst weekly…
Business | New York Post

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