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U.S. Stocks Show Strong , Qualcomm Q3 Results Beat Street View; Outlook Strong; Shares Up 12% and other Economy news

The economy news of 2020-07-31 on Tamugaia - U.S. Stocks Show Strong Move Back To The Upside As Fed Leaves Rates Unchanged , and Qualcomm Q3 Results Beat Street View; Outlook Strong; Shares Up 12% .
U.S. Stocks Show Strong Move Back To The Upside As Fed Leaves Rates Unchanged - Stocks moved significantly higher over the course of the trading day on Wednesday, offsetting the pullback seen late in the previous session. The major averages all moved to the upside, although the Dow un... [ View ]

Qualcomm Q3 Results Beat Street View; Outlook Strong; Shares Up 12% - Shares of Qualcomm Inc. (QCOM) jumped 12% in extended trading session Wednesday after the chip maker reported a third-quarter earnings and revenues that trumped Wall Street estimates. The company also issu... [ View ]

Fed Leaves Interest Rates Unchanged, Remains Committed To Using Full Range Of Tools - In a widely expected move, the Federal Reserve announced Wednesday that interest rates will remain at near-zero levels amid the economic hardship imposed by the coronavirus pandemic. The Fed said it decide... [ View ]

Nasdaq Sharply Higher In Mid-Day Trading, Dow Posting Modest Gain - After moving to the upside early in the session, stocks remain mostly positive in mid-day trading on Wednesday. The major averages are rebounding following the notable downward move seen late in the previo... [ View ]

Amazon, Apple, Facebook And Google CEOs Testifying Before Congress - The top executives of four of the biggest tech giants are scheduled to testify before the U.S. Congress on Wednesday. The House Judiciary Committee is investigating allegations that the four tech companies... [ View ]

Coronavirus: US economy sees sharpest contraction in decades - The impact of the pandemic meant the annual rate of growth in the second quarter collapsed by 33%.... [ View ]

German economy sees deepest decline on record - The economy shrank by 10.1% in the April-to-June period, official figures show.... [ View ]

UK car production slumps to lowest level since 1954 - The SMMT trade group warns Brexit tariffs could deepen woes for a sector already in crisis.... [ View ]

Federal Reserve warns of continuing need to protect US economy - The central bank keeps interest rates on hold at near zero as concern about the pandemic continues.... [ View ]

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