Merck is forming a bullish chart pattern, and a breakout could be on the horizon

Merck is forming a bullish chart pattern, and a breakout could be on the horizon

While the health-care sector broadly continues to search for direction, drug stocks have been the clear leaders — and Merck stands out as one of the strongest performers in the group. Over the past few months, the stock has demonstrated a notable ability to leverage multi-week consolidation phases into clean breakouts and sustained advances. Since…

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BlackRock bets on ‘pick and shovel’ trade as AI spending frenzy still has legs

BlackRock bets on ‘pick and shovel’ trade as AI spending frenzy still has legs

Ben Powell, chief strategist for Middle East and Asia Pacific at BlackRock Investment Institute, at the Abu Dhabi Finance Week (ADFW) conference. Bloomberg | Getty Images The wave of capital pouring into artificial intelligence infrastructure is far from peaking, said Ben Powell, chief investment strategist for APAC at BlackRock, arguing the sector’s “picks and shovels”…

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Pittsburgh Post-Gazette ownership announces it’s shutting down paper

Pittsburgh Post-Gazette ownership announces it’s shutting down paper

FILE PHOTO: Pittsburgh Post-Gazette in Pittsburgh, Pennsylvania on Aug. 26, 2016. Raymond Boyd | Michael Ochs Archives | Getty Images The Pittsburgh Post-Gazette’s owners announced Wednesday the paper will be shutting down in a few months, citing financial losses. Block Communications Inc. announced it will cease publication on May 3. The paper is printed on Thursdays and Sundays and…

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