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Stocks Close Lower Monday, but Dow Completes Best Month in Over Three Decades
Stocks end September on a sour note, but the Dow still completed its best monthly performance since 1987. Frances Newton Stacy, Director of Strategy at Optimal Capital, says Monday's pullbacks shouldn't be enough to derail the recent...
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Stocks Close Higher, 2021 Has Potential to Be 'One for the Record Books'
Stocks closed higher Tuesday on the eve of President-elect Joe Biden's inauguration. Keith Fitz-Gerald, Chief Investment Officer at Fitz-Gerald Group, says 2021 has the potential to be 'one for the record books' and that this opportunity...
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Futures Fluctuate as Investors Monitor News of Stimulus Talks
U.S. stock futures were pointing to a mostly lower open this morning, despite the potential for a new stimulus bill after House Speaker Nancy Pelosi expressed some optimism that an agreement could happen as soon as this week. Investors...
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Worry Less About Stocks, More About Income Taxes Under Biden, Strategist Says
Alvina Lo, Chief Wealth Strategist at Wilmington Trust, joined Cheddar to discuss the tax implications for investors during a Biden presidency.
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Futures Surge with Investors Optimistic of Vaccine Distribution, Potential Stimulus
Futures were rising on vaccine optimism as the first Pfizer and BioNTech coronavirus vaccine doses ship off to distribution sites across the United States. Markets were getting a boost from stimulus optimism as well, after Sen. Joe...
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847,000 Americans Filed for First-Time Unemployment Insurance Last Week
First-time weekly unemployment claims fell to 847,000 from 900,000 the previous week. The jobs numbers came in slightly better than expected. Barbara Doran, CEO & Chief Investment Officer at BD8 Capital Partners, joined Wake Up With...
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Stocks Close Lower Monday as Doubt Rises over Stimulus Bill
Markets closed near session lows to begin the week as hopes for a stimulus bill before the election fade. Chris Markowski, host for the Watchdog on Wall Street radio show and the President of Markowski Investments, explains how the wait...
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Russell 2000 Hits Record Close Despite Dow, S&P, and Nasdaq Closing Near Session Lows
Stocks closed mostly lower on Thursday, but the Russell 2000 jumped close to 2% and hit a record close. Scott Anderson, chief economist at Bank of the West, says investors are awaiting President-elect Biden's stimulus plan, which he is...
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Need 2 Know: Lockdown Fatigue, Obama Cut Loose
These are the headlines you Need 2 Know for Monday, May 18, 2020.
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Coronavirus market carnage: Dow plummets nearly 3,000 points
Stocks, oil, gold and bitcoin all take a beating after emergency moves by the US Fed failed to stem virus fears.
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Biden and Sanders tear into Trump over coronavirus response
In first head-to-head, two Democratic candidates for presidency criticise Trump for downplaying coronavirus risk.
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U.S. Federal Reserve slashes interest rate near zero amid COVID-19 volatility
in an attempt to steady the markets after stocks plummeted over coronavirus fears, the U.S. Federal Reserve cut interest rates to the lowest it's been since 2015.
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Powell: Economy Looks Resilient Despite Risk of China Virus
Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the broadening viral outbreak that began in China.
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Wall Street Soars On US-Vietnam Trade Deal
Asian shares edge higher on Thursday, with the Asia-Pacific index excluding Japan just shy of a four-year peak. Japan’s Nikkei remained flat, while China’s blue-chip index gained 0.2 percent. However, Hong Kong’s Hang Seng dropped 0.6...
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Oil prices volatile as markets assess impact of Israel-Iran conflict
Fears grow the Iran-Israel conflict could see oil prices soar.
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US Dollar, Markets Pay Heavy Price Of Trump Tariffs, Fight With Fed Reserve Chair | 'Major Loser'
The U.S. dollar and markets tumbled as Donald Trump escalated his fight with Federal Reserve chair Jerome Powell. In a post on Truth Social, Trump called Powell a major loser for not lowering interest rates. Following his comments Dollar...
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Jerome POWELL's This Warning Against TRUMP's Tariffs QUAKES World Markets, Gold Prices Shoot | Watch
U.S. Federal Reserve chair Jerome Powell issued starkest warning yet on Donald Trump's tariffs in an interaction with Raghuram Rajan at the Ecoomic Club Of Chicago. He said U.S. President’s significant policy changes, including on...
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Can RBI help Indian stocks rebound?
As India’s central bank gears up to announce its monetary policy, all eyes are on the impact of US import tariffs and the steps RBI Governor Sanjay Malhotra will take to bolster a slowing economy. With the US Set to impose tariffs of up...
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Trump defiant as Dow plunges 2,200 points, global recession fears rise
U.S. President Donald Trump shows no signs of backing down from his tariffs even after the Dow Jones shed 2,200 points — its worst close since 2020 — while global markets also tanked for a second day, raising fears of a prolonged...
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Citigroup credits a clients account with $81 trillion instead of $280
Citigroup mistakenly credited a client’s account with $81 trillion last April according to internal documents seen by the Financial Times.
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US core inflation drops to 2.6% in January
Fed's favorite core inflation measure hits 2.6% in January, as expected. The personal consumption expenditures price index, the Federal Reserve's preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate.
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Citigroup’s $81 Tn error – A near miss
Imagine waking up to find 81 trillion dollars in your bank account—sounds unbelievable, right? But that’s exactly what happened when Citigroup mistakenly credited a client with an astronomical sum instead of just 280 dollars last April.
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Citigroup’s whopping $81 trillion error – A near miss
Imagine waking up to find 81 trillion dollars in your bank account—sounds unbelievable, right? But that’s exactly what happened when Citigroup mistakenly credited a client with an astronomical sum instead of just 280 dollars last April.
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Goldman Sachs lifts 2025 gold forecast to $3,100
Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce, up from its previous estimate. The investment bank attributes this upward revision to sustained central bank demand, which is expected to add 9% to gold...