Daily Trade

Constellation Brands Inc. posted better-than-expected earnings for its fiscal second quarter, but the stock still fell more than 3% as analysts said they were underwhelmed by the company’s guidance. The company STZ, -3.39% posted net income of $690.0 million, or $3.74 a share, for the quarter to Aug. 31, after a loss of $1.15 billion,
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The surge in long-term treasury yields above 4.75% at the start of the quarter signals optimism about the economy. It also has positive implications for microcap stocks. When treasury yields rise, it often reflects investor confidence in economic growth. Furthermore, this prompts a shift of capital from safer assets like bonds to riskier investments such
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The Social Security Administration said Wednesday it would review its overpayment procedures and policies, and may claw back any overpayments found. During the 2022 fiscal year, the agency recovered $4.7 billion of overpayments, according to a report by the SSA’s Office of the Inspector General.  While payment accuracy rates are high, overpayments do happen given
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Outside of a bullish sell-side rating issued for QuantumScape (NYSE:QS) stock on Sept. 18, things have been pretty quiet with the EV battery developer over the past two months. However, a few weeks from now, the company is expected to release its latest quarterly results. Chances are there will not be any big surprises with
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The Russell 2000 Index has long been known as the best way to track the small to mid-cap investing universe. The index measures the performance of about 2,000 of the smallest publicly traded companies in the United States. It boasts a 15-year return of 8.36%. Numerous investors often look to it in order to capitalize
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Home prices rose in August, with New England states leading the pack. U.S. home prices rose by 3.7% in August, compared to the previous year, according to a report released Tuesday by CoreLogic. The median sales price of a single-family home was $375,000 in August. Ranked by states, New Hampshire saw the biggest growth in
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Student-loan borrowers are preparing to resume their payments this month after a three-year-long pause due to the COVID-19 pandemic. And the impending payments aren’t just putting a crimp on clothes, sneakers and nights out — they’re prompting lifestyle resets, stretching work schedules and sapping budget wiggle room, borrowers say. In Michigan, teacher Audra DeRidder, 27,
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U.S. stock-index futures surged higher Sunday night, after Congress narrowly avoided a government shutdown on Saturday. Dow Jones Industrial Average futures YM00, +0.50% rallied about 200 points, or 0.6% late Sunday. S&P 500 futures ES00, +0.55% and Nasdaq-100 futures NQ00, +0.75% also gained. On Saturday night, Congress approved a 45-day, bipartisan stopgap spending bill, which
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The U.S. Senate on Saturday night, with mere hours left before a midnight deadline for a federal government shutdown, voted to advance a short-term stopgap funding measure. The 45-day continuing resolution, which funds the government at existing 2023 levels, includes disaster relief funds but no Ukraine aid. A debate over continued help for Ukraine after
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