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U.S. third-quarter GDP growth revised up to 2.1%

U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, amid a stronger pace of inventory accumulation and a less steep decline in business investment. Economists polled by Reuters had forecast third-quarter GDP growth would be unrevised at 1.9%. When measured from the income side, the economy grew at a 2.4% rate in the last quarter. …read more […]

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Market Morning: Musk Tweets 250K, Papa John Vents, Car Sales Fall, World Trade Contracts

Elon Musk Plays Another Round of Twitter Roulette Tesla (NASDAQ:TSLA) CEO Elon Musk has decided that he hasn’t had enough trouble with the SEC and Twitter regarding financial disclosures about his company, so he’s going for another round. Tweeting “250K” yesterday suggests that Tesla has had 250,000 preorders for its Cybertruck. A preorder costs $100 […]The post Market Morning: Musk Tweets 250K, Papa John Vents, Car Sales Fall, World Trade Contracts appeared first on Market Exclusive. …read more […]

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UPDATE 1-Deere's earnings fall on trade tensions, poor weather

Deere & Co. on Wednesday reported lower fourth-quarter earnings, hurt by trade tensions as well as poor weather in the U.S. farm belt that have slowed equipment purchases by farmers. “Lingering trade tensions coupled with a year of difficult growing and harvesting conditions have caused many farmers to become cautious about making major investments in new equipment,” said new chief executive officer John May. Industry sales of agricultural equipment in the U.S. and Canada, the company’s biggest market, are expected to be down about 5%, on the back of lower demand for large equipment. …read more […]