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Finance and Banking News

Sun, Apr 11th, 2021
Fed's Powell sees US boom ahead, with COVID still a risk

WASHINGTON (AP) — The U.S. economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve said in an interview broadcast Sunday, though the coronavirus still poses...

The Latest: Michigan pushing for more vaccines amid spike

DETROIT — Michigan Gov. Gretchen Whitmer vowed to keep pushing the White House for more COVID-19 vaccines as the state experiences a spike in cases.

JNJ : 161.25 (-1.06%)
Las Vegas pushes to become first to ban ornamental grass

LAS VEGAS (AP) — A desert city built on a reputation for excess and indulgence wants to become a model for restraint and conservation with a first-in-the-nation policy banning grass that nobody walks...

IMF: Vaccine inequity threatens Mideast's economic recovery

DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase...

21 Chinese coal miners trapped by underground flood

BEIJING (AP) — Rescuers on Sunday were trying to reach 21 coal miners who were trapped by an underground flood in China's northwest, a state news agency reported.

The Latest: Lawmakers aim to limit state emergency powers

NEW YORK — State lawmakers across the U.S. are taking actions to limit the emergency powers of governors — not just in the current coronavirus pandemic, but for any future emergencies.

PFE : 36.60 (+1.78%)
JNJ : 161.25 (-1.06%)
BNTX : 122.14 (+6.68%)
Startup cards can help build credit even in tough times

While major credit card issuers tightened lending standards and slashed credit limits amid , some financial technology startups took a different tack.

TRU : 95.85 (unch)
V : 222.52 (+0.82%)
NFLX : 555.31 (+0.13%)
The Latest: Navajo Nation issues weekend stay-at-home order

WINDOW ROCK, Ariz. -- The Navajo Nation has issued a stay-at-home order for the weekend after reporting 26 more confirmed COVID-19 cases.

JNJ : 161.25 (-1.06%)
PFE : 36.60 (+1.78%)
BNTX : 122.14 (+6.68%)
The Latest: US 7th Fleet: 14,000 personnel fully vaccinated

PHILIPPINE SEA — The U.S. 7th Fleet that operates throughout the Indo-Pacific says more than 14,000 of its service members have received their full doses of the coronavirus vaccine, which it began administering...

JNJ : 161.25 (-1.06%)
Tech company gains help push S&P 500 to record high

Wall Street capped another week of gains with more milestones Friday, as strength in technology and health care stocks helped push the S&P 500 and Dow Jones Industrial Average to all-time highs.

SNE : 106.01 (+1.44%)
MRO : 10.91 (+0.09%)
UNH : 376.30 (+3.13%)
MSFT : 255.85 (+1.03%)
BAC : 39.99 (+0.73%)
CI : 246.10 (+3.29%)
JPM : 156.28 (+0.75%)
WFC : 40.50 (+1.17%)
How major US stock indexes fared Friday

Technology companies helped lift stocks on Wall Street to a record high Friday.

German firms put forward proposal to rebuild Beirut port

BEIRUT (AP) — Representatives of several German companies on Friday outlined a multi-billion-dollar plan to rebuild the port of Beirut and surrounding neighborhoods that had been devastated by a massive...

Airlines pull Boeing Max jets to inspect electrical systems

Airlines pulled dozens of Boeing Max 737s out of service for inspections after the aircraft maker told them about a possible electrical problem, the latest setback for the plane.

LUV : 63.42 (-0.06%)
UAL : 58.43 (-1.68%)
BA : 252.36 (-1.02%)
Biden's ambitious expansion of long-term care sparks debate

WASHINGTON (AP) — President Joe Biden is proposing a major expansion of the government’s role in long-term care, but questions are being raised over his using the low-income Medicaid program and piggybacking...

Tunnel collapse nearly led to Mexico City drain explosion

MEXICO CITY (AP) — Mexican authorities said the collapse of a clandestine tunnel dug to steal gasoline from a government pipeline probably triggered a chain of events that nearly blew up one of the few...

Verizon recalls mobile hotspots sold to schools, in stores

NEW YORK (AP) — Verizon is recalling 2.5 million mobile hotspots after some reports of overheating and two reports of minor burns.

Mining accidents kill 10 in China amid safety crackdown

BEIJING (AP) — Nine workers were killed in northern China during an operation to destroy expired mining explosives, while one miner died and seven others were reportedly trapped by an explosion in a...

Kim compares North Korea's economic woes to 1990s famine

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un has called for waging another “arduous march” to fight severe economic difficulties, for the first time comparing them to a 1990s famine...

Ready to buy a home? The trick is finding or affording one

LOS ANGELES (AP) — Nathan Long and Lili Chin have struck out so far in their four-month search to find an affordable home in the Los Angeles area — a cold streak that threatens to mess up their anniversary...

Asian shares mostly lower on strong China price data

BANGKOK (AP) — Shares fell Friday in most Asian markets after China reported a stronger than expected rise in prices that could prompt authorities to act to cool inflation.

SCHW : 67.57 (+1.09%)
SNE : 106.01 (+1.44%)

Chart of the Day

LGI Homes Inc (LGIH)

The Barchart Chart of the Day  belongs to the entry level homebuilder LGI Homes (NASDAQ: LGIH ).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the...
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