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IBM Soars On Resurfaced Trump Clip, Barclays Buy Rating As MoMo Rally Accelerates
IBM Soars On Resurfaced Trump Clip, Barclays Buy Rating As MoMo Rally Accelerates
IBM shares jumped as much as 15% in premarket trading after Bloomberg described a recirculated video of President Trump stating that the stock is "going to go up a lot more."
The clip, reposted by Polymarket Money on Saturday evening, appears to have fueled another leg higher in what has already been an eye-popping, multi-week rally.
In the clip, dated December 10, Trump boasted that IBM CEO Arvind Krishna had "taken the stock from a rather low price to...
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'Soft' Data Soars To 2-Year Highs As Chicago PMI Smashes Expectations
'Soft' Data Soars To 2-Year Highs As Chicago PMI Smashes Expectations
Market News International's Chicago Business Barometer smashed expectations this morning, print 57.7 - the highest since May 2022 - and above the highest analysts' expectation.
This is the second straight month above 50 (signaling expansion) with new orders and employment surging (but prices also rising)...
Prices paid rose at a faster pace; signaling expansion
New orders rose at a faster pace; signaling expansion
Employment rose and the direction reversed; signaling expansion
Inventories fell and the direction reversed; signaling contraction
Supplier deliveries rose at a faster...
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