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Bank of America’s Quarterly Profit Falls 12

First American News – Raleigh, NC: Other big U.S. banks reported first-quarter profit declines last week Bank of America Corp. said Monday that its first-quarter profit fell 12%, its first quarterly decline since 2020. The …

U.S. Stocks Drop, Treasury Yields Keep Climbing

U.S. stocks slipped on Monday, while the 10-year Treasury yield continued its upward march following a three-day holiday weekend. The S&P 500 and the Dow Jones Industrial Average were both down about 0.3% in midday …

Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up

First American News – Raleigh, NC: Elon Musk took a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. As Elon …

S_P-500-Falls-Into-Correction-Territory-as-Russian-Troops-Enter-Ukraine-Region-by-bloomberg-subscrip

First American News LLC-Raleigh, NC: All three major stock indexes fell at least 1% after the White House called Russia’s deployment of troops into two breakaway areas of Ukraine “the beginning of an invasion.” Tensions …

Alpine Woods’s Sarah Hunt Says Buy the Dip on Some Technology Stocks

First American News LLC, Raleigh, NC: The decline in technology shares after the Federal Reserve’s hawkish pivot provides a chance for investors to pick up some bargains, said Sarah Hunt, portfolio manager at Alpine Woods …

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