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6 Software Stocks to Buy and 4 to Sell, According to an Analyst

What’s next for enterprise software stocks? That depends which ones you pick. Guggenheim Partners analyst John DiFucci launched coverage of the group late Thursday, with some thoughts on where to place bets in the sector. DiFucci is new to Guggenheim, but a familiar name on the Street—at various times, he’s covered the software sector for …

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Three Chinese corporate giants leaving NY stock exchange

Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies in the midst of a dispute over scrutiny of company audits. PetroChina Ltd. PCCYF, -0.87%, China Life Insurance Ltd LFC, -4.46%. and China Petroleum & Chemical …

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Clark’s Favorite Cash Back Credit Card Just Gave You a New Reason To Apply

If you’ve been listening to money expert Clark Howard for any period of time, you’ve likely heard him recommend the Citi® Double Cash Card. He loves the cash back credit card because it offers an unlimited 2% cash back on every purchase you make (1% when you buy, 1% when you pay for those purchases). It …

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Stocks rally like it’s ‘mission accomplished’ — but some investors are urging caution as Nasdaq exits bear market

Investors might want to keep their guard up as the stock market continues its rally. “The market has kind of gone back to sleep” in appearing to think, “all right, mission accomplished, inflation’s in the bag, the Fed can back off,” said Sameer Samana, a senior global market strategist at Wells Fargo Investment Institute, in …

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These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related …

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Auto makers warn most electric vehicles won’t qualify for federal tax credit

But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those …

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Most electric vehicles won’t qualify for Inflation Reduction Act tax credit

A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the …

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Nvidia’s Shortfall: Blame Gamers or Crypto Mining?

Text size Nvidia has been hurt by fading pandemic-era demand for gaming graphics cards. Justin Sullivan/Getty Images Nvidia warned that shortfalls in its gaming segment revenue would hamper second-quarter results. Analysts were left wondering how much can be blamed by a drop in demand from gamers, compared with cryptocurrency miners. The company said on Monday …

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