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Trump has repeatedly touted the rising stock market as a testament to a strong USA economy under his presidency. Piegza said an overly aggressive Fed risked blowing out rather than stoking the nation's economy. And investors anxious it could prompt the Federal Reserve to raise interest rates faster than expected. The Labor Department reported Friday that wages had gone up by 2.9 percent in January, compared with a year earlier.
  • Jerome Powell officially takes over the US Federal Reserve

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    For now, inflation remains historically low, as it has been the past eight years. Cash levels lifted to a record US$285.1 billion. Those selections will be critical in determining the Fed's pace of rate hikes and in carrying out Trump's desire to loosen bank regulations.
  • Trump to unveil infrastructure plan Monday: White House official

    Trump to unveil infrastructure plan Monday: White House official

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    After slipping that day, the Dow Jones industrial average climbed the next trading day. The gains weren't enough, though, to offset the dizzying drops from the prior two days of frantic trading. Now that the stock market has tumbled nearly 2,000 points in two trading days and is in negative trading territory for 2018, the White House has discovered that what goes up also goes down: "Look, markets do fluctuate in the short term", said White House deputy press secretary Raj Shah.
  • Loan seekers' expectations dashed by RBI's move to retain short-term bank rates

    Loan seekers' expectations dashed by RBI's move to retain short-term bank rates

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    RBI Governor Urijit Patel said the overall inflation would remain around 4.5 per cent for the FY 2018-19, though the overall impact of the recent MSP announcement on inflation was yet to be ascertained. India's retail inflation, as measured by the consumer price index ( CPI ), accelerated to a 17-month high of 5.2% in December as fuel and vegetable prices hardened, making monetary easing remote.
  • Iran oil production surpasses 3.8m bpd in January

    Iran oil production surpasses 3.8m bpd in January

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    The US now exports up to 1.7 million barrels per day of crude, and this year will have the capacity to export 3.8 billion cubic feet per day of natural gas . USA stocks eventually rebounded in volatile afternoon trading on Tuesday. This is 1.74% below the closing level of the previous trading session. The difference between the high and low for the Dow on Tuesday was more than 1,100 points.
  • Stock markets plunge following record U.S. slump

    Stock markets plunge following record U.S. slump

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    After its 1,175-point nosedive Monday, the Dow Jones industrial average sank an additional 567 points right after trading began Tuesday. We know, we know, those are a lot of numbers. Few people pay current bills and expenses from their stock market accounts. Investors often buy gold when they're anxious about market volatility , but they aren't doing that now.
  • European markets down as Tuesday trading closes

    European markets down as Tuesday trading closes

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    Jim Citro, vice president of investments and branch manager at Stifel in Quincy, said his advice to nervous clients who called him this week about the wild swings in the stock market was simple. The Dow had previously never lost more than 777 points in a single day, as reported by CNN Money . The yield on the 10-year Treasury note rose to 2.80 percent from 2.71 percent.
  • Wall Street roars back in whipsaw session

    Wall Street roars back in whipsaw session

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    Does that mean it's a cause of panic? The earnings season has played into it, by that I mean it's been a great earnings season but it has been very hard to understand because of the tax stuff. offered some hope that trading screens would bounce from red to green. He added that "this time around, we have Blue Friday followed by Black Monday".
  • Nobody Has Any Clue What To Expect From the Stock Market

    Nobody Has Any Clue What To Expect From the Stock Market

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    The Dow finished 567.02 points higher, or 2.3 percent, at 24,912.77. S&P 500 futures also dropped 1.1 percent, to 2,665.70. HSI dropped 5.1 percent and Japan's Nikkei . That's less true for China, whose financial markets are more cloistered from worldwide investors. "The difference between this year and last year is we're going to see more periods of volatility like this as the market reacts to higher inflation", he said.
  • Waymo v. Uber: A case of theft, lies and self-driving cars

    Waymo v. Uber: A case of theft, lies and self-driving cars

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    Waymo was founded by Mountain View-based Google in 2009 to develop self-driving cars . Each side picked a scapegoat. During opening statements in San Francisco federal court on Monday, Waymo lawyer Charles Verhoeven attempted to focus the 10-person jury on Kalanick and his famously pugnacious style.
  • Volatile Dow closes up 567 points on day of sharp swings

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    On the Toronto Stock Exchange, the S&P/TSX composite index was down 271.22 points to 15,334.81 in a broad-based decline that saw all sectors finish in the red. The S&P 500 posted 1 new 52-week highs and 38 new lows; the Nasdaq Composite recorded 17 new highs and 164 new lows. IXIC added 42.59 points, or 0.61 percent, to 7,010.12.
  • Car Playing David Bowie's Music Will Be Shot Into Space

    Car Playing David Bowie's Music Will Be Shot Into Space

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    The launch is set for sometime between 1:30 and 4:30 p.m. Unlike most rockets out there, the Falcon Heavy receives no government funding. Almost flawless live coverage gave a million or more viewers an extraordinary ride alongside the rockets, with simultaneous views provided of all three booster recoveries, as well as the second stage's journey to orbit.
  • NBC Explains That Super Bowl 2018 Blackout

    NBC Explains That Super Bowl 2018 Blackout

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    The teams combined to set or tie more than two dozen Super Bowl records along the way. The league saw its viewership dip roughly 10% overall this season. The halftime performance beating the game is not unusual. Paul (54.9) and Pittsburgh (54.9). Some people were less than complimentary, however, with one telling Pink on Twitter that she "sucks".
  • Wall St swings to loss in choppy trading

    Wall St swings to loss in choppy trading

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    And European stocks are on course for their trading day worst day since the Brexit vote in 2016. Falls were widespread in Europe, with Germany's Dax down 2.6% and France's Cac 3%. These were reinforced by Friday's January U.S. jobs report that prompted worries the Federal Reserve will raise rates at a faster pace than expected this year.
  • Jets could turn to Nick Foles as long-term solution at quarterback

    Jets could turn to Nick Foles as long-term solution at quarterback

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    Foles hadn't thrown for over 360 yards since 2014, and he did it in the biggest game of his life. After this loss in the Super Bowl, it's time for a little bit of rest before getting back to work and plugging the limited amount of holes. But in the Patriots' biggest game of the season, Belichick and Patricia decided he suddenly was worse than Rowe. "It's 15 minutes after the game ended", Brady said.
  • Dow Jones falls another 500 points at open

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    Asian stocks plunged on February 6 after the record-breaking loss on Wall Street , extending a global rout as panicked investors fret over rising USA borrowing costs and take profits after months of market euphoria. In one sign of a shift underway, a measure of expected market turbulence, the CBOE Volatility Index , jumped by more than 15 percent Friday. Often referred to as the Dow , the Dow Jones Industrial Average or DJIA, is the oldest and most watched indices in the ...
  • Stocks shake losses and turn higher as wild ride continues

    Stocks shake losses and turn higher as wild ride continues

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    The Dow has increased in value more than tenfold since 1987, so investors have to consider those gains when analyzing aggregate point moves in the index. At 1002 GMT, the March E-mini S&P 500 Index is trading 2753.25, down 3.50 or -0.13%. The Dow was little changed at 24,334 as of 10.49am local time (4.49am Wednesday NZT).
  • Dow Opens Down 521 Points, but Drop Quickly Eases

    Dow Opens Down 521 Points, but Drop Quickly Eases

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    Chris Beauchamp, chief market analyst at IG, said it's the "speed of the correction, not its size", that has proven the "real shock, particularly to a market inured to low volatility". Japan's benchmark Nikkei 225 dropped 2.6 percent and the South Korean Kospi shed 1.3 percent. The Standard & Poor's 500 index rose 31 points, or 1.2 percent, to 2,680 after a 4.1 percent drop Monday.
  • Budget 2018: 10 key highlights of Arun Jaitley's fifth budget

    Budget 2018: 10 key highlights of Arun Jaitley's fifth budget

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    While giving it on one side, the government is taking it back in the form of education and health cess which is hiked from 3 to 4 per cent. The government has also invited private sector contribution towards the same. However, the government official said of the 110 billion rupees in premiums required to fund the programme, the federal government would contribute about 70 billion rupees with the 29 states providing the rest.
  • Fasten your seat belts. Dow futures tumble over 800 points

    Fasten your seat belts. Dow futures tumble over 800 points

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    On Monday, the Dow finished down 4.6 percent at 24,345.75, while the S&P 500 sank 4.1 percent, to 2,648.94. Shares in other regional markets also were lower. "The service side of the economy was very robust in January", Tilley said. The swoon began Friday as investors anxious that accelerating inflation and higher interest rates could derail the market's record-setting rally.
  • Dow Plunges In Worst Point Decline in History

    Dow Plunges In Worst Point Decline in History

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    The market had been on a one way ride upward since Donald Trump became President just over a year ago with the move upward accelerating thanks to corporate tax breaks which kicked in late last year. The Dow Jones industrial average marked its biggest single-day point drop on Monday afternoon, plunging almost 1,600 points during trading hours before recovering to close down 1,175.
  • FTSE sinks after U.S. suffers biggest crash since credit crunch

    FTSE sinks after U.S. suffers biggest crash since credit crunch

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    Though corrections are commonplace, the stock market has proven to be one of the greatest long-term creators of wealth, with an average annual gain of 7% a year, including dividend reinvestment and accounting for inflation . The Nikkei lost 1,589.17 points by Tuesday afternoon, before recovering slightly. Benchmark 10-year note yields had surged to 2.885 percent, the highest since January 2014 but fell back to 2.707 percent on Monday as the stock selloff hastened.
  • Why has the Modi govt given Indian defence the Cinderella treatment?

    Why has the Modi govt given Indian defence the Cinderella treatment?

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    The mega healthcare scheme announced in the Budget will entail an investment of Rs 10,000-Rs 12,000 crore and is likely to be launched on either August 15 or October 2, said official sources. He said, "With NITI Aayog to establish a national programme for artificial intelligence, we look forward to supporting the nation with R&D support and more programmes like ABHED which is already assisting the polices forces with AI capabilities".
  • USA stock plunge sparks global sell-off

    USA stock plunge sparks global sell-off

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    Stocks simply had too many buyers at the start of the year. "Valuations got stretched and that led to a cascading effect today", said Sam Stovall, chief investment strategist at CFRA Research. Doug Holtz-Eakin, president of the American Action Forum and a former economic adviser to 2008 Republican presidential nominee John McCain, said, "The president shouldn't comment about the stock market".
  • Harry Kane: 'I didn't dive for Tottenham Hotspur penalty'

    Harry Kane: 'I didn't dive for Tottenham Hotspur penalty'

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    Erik Lamela went down minutes after a Van Dijk foul. Harry Kane later hit back at Van Dijk's claim he dived to win a penalty. The first penalty was one of the clearest offside decisions I saw. "You can't give me two tries", Kane said into the lens of one of the Sky Sports cameras as he left the Anfield pitch. "It was a roller coaster of emotions".
  • Dow plunges 1175 -- worst point decline in history

    Dow plunges 1175 -- worst point decline in history

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    Unlike Wall Street, which until last week sat about 88 per cent higher than its 2007 peak, our market has never managed to even get close to breaching record levels. labour market reports which showed not only decent payroll growth (200 000 new jobs in January), but also a surprise jump in wage growth to the highest level since 2009 (2.9%).
  • CHAN 2018 Final: Morocco 4 Nigeria 0

    CHAN 2018 Final: Morocco 4 Nigeria 0

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    Morocco gave an early warning of their attacking potency when striker Ayoub El Kaabi headed home from Ismail Haddad's corner kick in the seventh minute. Two minutes later, the Lions broke again on the counter as Nigeria lost the ball on an onslaught. Football fans in Enugu say they are proud of the home-based Super Eagles' performance at the ongoing 2018 African Nation Championship (CHAN) in Morocco .
  • State of the Union ratings: Down overall but up for Fox News

    State of the Union ratings: Down overall but up for Fox News

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    Aside from a mention of the first lady and a shoutout to "strong moms", the only time the president mentioned women during his first State of the Union speech was in reference to a pregnant, heroin-addicted woman whose child was adopted by a husband and wife in attendance Tuesday.
  • Fed maintains rates, sees inflation rising this year

    Fed maintains rates, sees inflation rising this year

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    Powell benefited from a perception that the economy's recovery from the 2007-08 meltdown proves that the Fed is a capable manager of monetary policy. But how are investors supposed to price this situation? The fact that the final deal put in place a "lot more spending in the first couple of years" will add to "increasing conviction" that they will get three rate hikes in this year, Martin said.
  • One Congressman Who Balked at Trump's Immigration Ruse

    One Congressman Who Balked at Trump's Immigration Ruse

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    About 48 million people watched Obama's first speech to Congress on Jan. 27, 2010, the data-collecting Nielsen Company said in a statement Wednesday. Trump promised to supplement terror at home with terror abroad. They are strong moms and brave kids. Someone should remind President Trump that the infamous mobster, John Gotti, was considered to be untouchable.
  • Apple reports strong Q1 2018 results, iPhone X overwhelmingly popular

    Apple reports strong Q1 2018 results, iPhone X overwhelmingly popular

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    Apple's revenue for the final three months of 2017 - it's first fiscal quarter - hit $88.3 billion, an 13% increase from the same period a year earlier and the highest on record. Earnings per share for the quarter also increased nicely, climbing 16% year over year. Other analysts maintained that Apple's computing ecosystem will continue to drive the company's upside.
  • Ronda Rousey Signs Full-Time Contract With the WWE

    Ronda Rousey Signs Full-Time Contract With the WWE

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    Regarding the first-ever women's Royal Rumble match, Rousey says she was thinking about how a women's Rumble would have been laughed at before and how she's been laughed out of gyms in the past. "So when you're able to pull off something that's a big surprise like that, it's great". After much speculation, UFC superstar Ronda Rousey has finally made the transition to becoming a full-time WWE athlete.
  • Stocks plunge, Dow loses more than 600 points

    Stocks plunge, Dow loses more than 600 points

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    Rising yields have encouraged investors to pull their money out of equities, which are perceived as riskier assets. Irving, Texas-based Exxon Mobil Corp. That could pressure the Federal Reserve to hike short-term interest rates more aggressively than expected, says Russell Price, senior economist at Ameriprise Financial.
  • ASEAN manufacturing PMI inches up to 50.2 in January

    ASEAN manufacturing PMI inches up to 50.2 in January

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    Part of the increase in costs was passed on to clients in the form of higher selling prices. The Manufacturing PMI in the month of January stood at 57.3 index points indicating expansion in the manufacturing sector for the tenth consecutive month.
  • Exxon misses Street 4Q forecasts

    Exxon misses Street 4Q forecasts

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    The stock decreased 5.76% or $5.13 during the last trading session, reaching $83.94. The company saw 0.6 million shares trade hands over the course of the day. KUEBLER CHRISTOPHER A sold $1.76M worth of stock. While in the same Quarter Previous year, the Actual EPS was $0.9. After $3.62 actual earnings per share reported by Baidu, Inc.
  • Betting On Alibaba Group Holding Limited (NYSE:BABA) ?

    Betting On Alibaba Group Holding Limited (NYSE:BABA) ?

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    As per Friday, July 28, the company rating was maintained by Loop Capital Markets. It is easy to calculate. Shares in Alibaba were down 3.6% at US$197.10 in pre-market trading. Moving toward the second part of analysis is "Returns", Alibaba Group Holding Limited (NYSE: BABA ) has returns on investment of 8.70% which indicates firm's investment efficiency or to compare the efficiency of a number of different investments.
  • US Fed leaves rates unchanged, expects inflation to rise this year

    US Fed leaves rates unchanged, expects inflation to rise this year

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    The Fed , which raised rates three times last year and forecasted in December three more hikes in 2018, confirmed on Wednesday it expected " further gradual" rate increases will be warranted. The Fed would have more scope to loosen policy during the next recession before rates hit zero. Jerome "Jay" Powell is taking the helm of the Federal Reserve System.