Commerce Dept Reports Q4 GDP Growth At 2.3 Percent Pace
The Commerce Department will publish its preliminary Q4 2022 GDP estimate on Thursday showing growth at a 2.3 percent seasonally adjusted annual rate. This follows a 3.2 percent gain in Q3 as the Federal Reserve’s 2022 rate hikes aim to curb inflation while risking a harder slowdown or recession.
MENTIONED IN THIS ARTICLE
Commerce Department
U.S
Federal Reserve
Unemployment Claims Report Signals Ongoing Labor Strength
The Labor Department releases its weekly unemployment benefits tally amid historic lows. Economists expect little change as jobless claims remain a proxy for layoffs. The labor market stays robust while inflation pressures persist, with the Federal Reserve watching for signs of easing inflation.
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Labor Department
Federal Reserve
Big airlines set to report earnings amid mixed expectations
Several large carriers including American Airlines Alaska Air Group and Southwest Airlines are due to report results. Wall Street expects a mixed batch as the industry continues to recover from the pandemic while facing possible 2023 travel demand headwinds amid recession worries.
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Wall Street
American Airlines
Alaska Air Group
Southwest Airlines
Stocks Recap Reflections On Amazon Charity Critique
A market recap questions Amazon's charitable giving as mainly marketing. The comment suggests investor focus centers on the company's bottom line rather than philanthropy, framing donations as promotional strategy.
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Amazon
Stocks end little changed as profits worries weigh
Stocks shook off an early slide to end little changed Wednesday as concerns about corporate profits weighed on sentiment. The S&P 500 closed barely lower while the Dow edged higher and the Nasdaq declined amid renewed worries about AT&T and other big names.
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At&t
LMH Health reports 2022 loss driven by costs and inflation
LMH Health executives cited a 2022 deficit of about 2.7 million from an expected 1 percent revenue gain, with about 14 million in expenses linked to supply chain, inflation, and workforce strains. They noted minimal federal aid in 2022 but anticipated some FEMA support this year. COVID-19 testing and related expenses neared 900 thousand, while pharmaceutical costs rose over 7 million amid inflation.
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Lawrence
SMH Health
LMH Health
Deb Cartwright
Cartwright
Federal Emergency Management Agency
LMH
RTN
AMC Entertainment
AMC
At&t Inc T
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Amazon.com Inc Amzn
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TMUS
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TGT
Tesla Inc Tsla
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Verizon Comm
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