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US market indexes regained some of the week's losses on Friday with a new Congressional spending bill helping stocks to gain. Between the market's record high on January 26 and when the Dow Jones Industrial Average and S&P 500 entered correction territory Thursday, global markets (as measured by the S&P Global BMI index) shed $5.2 trillion.
  • YouTube: Stephen Crowns Elon Musk As The King Nerd

    YouTube: Stephen Crowns Elon Musk As The King Nerd

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    The new rocket is slated to fly a hefty telecommunications satellite for Arabsat, a Saudi Arabia-based firm, during the first half of 2018. The company has obtained contracts from the Air Force, Arabsat and ViaSat to launch payloads to orbit.
  • US indices ended lower in choppy trade

    US indices ended lower in choppy trade

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    MSCI's broadest index of Asia-Pacific shares outside Japan dropped 2.2 percent to a two-month low. The Nasdaq Composite closed at 7,051.98 for a loss of -63.90 points or -0.90%. For the second time in a week, the Dow Jones Industrial Average lost 1,000 points in a single session. The selloff comes as investors grow anxious that the stock market may have run up too much too fast in anticipation of the impact of President Trump's tax reforms.
  • Steve Wynn steps down as Wynn Resorts Chairman, CEO

    Steve Wynn steps down as Wynn Resorts Chairman, CEO

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    Analysts and Investors welcomed the decision as 42 years old Maddox has been with Wynn Resorts since it was created 16 years ago. However, question marks now hang over future developments, including plans to build a multibillion-dollar casino outside Boston.
  • Stock markets plunge, Dow and S&P 500 in 'correction'

    Stock markets plunge, Dow and S&P 500 in 'correction'

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    At 11:30 a.m. EDT the Dow was down 33.49 points, or 0.14 percent, at 23,826.97, the S&P was up 2.04 points, or 0.079039 percent, at 2,583.04 and the Nasdaq Composite was up 1.65 points, or 0.02 percent, at 6,778.81. The move lower will provide investors with cheaper stock valuations that are closer to historical norms and will be constructive for the market in the long term, Kenny said.
  • Bank of England likely to hint at further rate hike

    Bank of England likely to hint at further rate hike

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    The Bank of England chose to stand pat on rates on "Super Thursday" as widely expected, but hinted at somewhat earlier- and deeper-than-expected rate hikes. Governor Mark Carney and the rest of the Monetary Policy Committee are leaving a lot to chance over Brexit . Before the meeting, traders were waiting for the language of the statement.
  • Another Bloodbath, Dow In Correction Territory

    Another Bloodbath, Dow In Correction Territory

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    Consider this: The S&P 500 has risen or fallen 1% five times in the past two weeks. "In January we talked about fear of missing out". TWO recent successive one-day falls in the Dow Jones Industrial Average-one for an ominous-sounding 666 points and the second for a record 1,175 points-have grabbed the headlines.
  • Twitter shares surge on revenue turnaround surprise

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    Twitter had predicted in October that it would be profitable in the fourth quarter. The quarterly non-GAAP net income was 141 million dollars, or 19 cents per share, a almost two-time increase of 78 million dollars in quarterly non-GAAP net income for the same period past year.
  • NVIDIA Corporation Stock Soars After Earnings Beat

    NVIDIA Corporation Stock Soars After Earnings Beat

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    It has outperformed by 195.58% the S&P500. It has price to book ratio of 21.42, which gauges the market price of a share over its book value. Kinder Morgan, Inc. Several other large investors also recently made changes to their positions in the stock. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.16 by $0.56.
  • Qualcomm rejects 'final' Broadcom offer, but is deal actually off?

    Qualcomm rejects 'final' Broadcom offer, but is deal actually off?

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    Qualcomm chairman Paul E Jacobs has sought a meeting with Broadcom CEO Hock Tan to discuss further on the bid price and challenges in closing the multi-billion deal. According to recent reports , the board of Qualcomm Incorporation has declined a higher acquisition bid from Broadcom Ltd. It first made an unsolicited, $103 billion offer for Qualcomm on November 6.
  • The Rob Porter debacle becomes the Rob Porter scandal

    The Rob Porter debacle becomes the Rob Porter scandal

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    Anderson Cooper interviews Jennifer Willoughby , who said she is anxious about Porter potentially abusing Hope Hicks . The Washington Post's Josh Dawsey and Beth Reinhard report that White House counsel Donald McGahn knew for a year about allegations Porter's ex-wives made against him to the Federal Bureau of Investigation and that Kelly learned about them this fall, as they were holding up Porter's full security clearance.
  • Dow Jones falls by more than 1000 amid high interest scare

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    The market had run up too high, too fast and needed to let off some steam, they say. "What traders have been telling me is that it's a signal that there should be more selloff". Tokyo's Nikkei 225 lost 2.3 percent and Hong Kong's Hang Seng gave up 3.1 percent. Equity options trading volume, already elevated this week, is likely to pick up as February contracts approach expiration next week, said Jon Cherry, head of USA options at Northern Trust Capital Markets in Chicago.
  • Dow plunges over 1000 points, sinks into correction

    Dow plunges over 1000 points, sinks into correction

    Financiera

    And the stock market is now in a correction - 10 percent off its record high just two weeks ago. Gold prices fell 1.0% to a 2-1/2-week low. The Nasdaq composite was down 6 points, or 0.1 percent, to 6,956. Gold fell $7, or 0.5 percent, to $1,329.50 an ounce and silver dipped 9 cents, or 0.5 percent, to $16.58 an ounce. In small-caps, the Russell 2000 Index closed at 1,507.97 for a gain of 0.80 points or 0.05%.
  • Twitter made profits for the first time in its history

    Twitter made profits for the first time in its history

    Financiera

    Twitter announced 300 million monthly active users, the same as last quarter. The number of Twitter's daily active users, though, grew 12 percent in the fourth quarter compared with the same period in 2016, but the company does not disclose the total number.
  • FTSE plunges 3% after United States suffers biggest crash since credit crunch

    FTSE plunges 3% after United States suffers biggest crash since credit crunch

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    On Tuesday, stocks opened sharply lower before recovering slightly and rebounding in late trading . The VIX on Tuesday hit a more than two-and-a-half year high above 50, after trading, on average, below 20 for months. Corrections are seen as entirely normal occurrences, and the market, now in its second-longest bull run of all time, hasn't seen one in two years, an unusually long time.
  • United States stocks recover more of their losses as industrials climb

    United States stocks recover more of their losses as industrials climb

    Financiera

    And, Lynch described Monday's move as a "long-awaited correction", not the sign of a true shift in economic outlook. Meanwhile, the sudden cratering of stock prices, rising bond rates and fierce volatility have been a stark reminder that Trump, like his predecessors, isn't commander in chief of the US economy, the Associated Press explained .
  • Elon Musk Tweet Shows Trump Only Likes Immigrants Who Are White

    Elon Musk Tweet Shows Trump Only Likes Immigrants Who Are White

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    By proving to the world that the rocket works, SpaceX can now get on with the hard parts: flying it consistently and courting customers who need it for their heavy payloads. The main drawback of the launch is the fact that it was originally supposed to happen five years ago. Tesla said in November that Tesla was "well capitalized" for the delayed Model 3 production schedule.
  • Stocks are getting creamed as a volatile week rages on

    Financiera

    The markets yesterday represented one of the scariest days in trading this year as the Dow Jones industrial average plunged past 1,175 points or 4.6 percent thus erasing the gains it had made thus far. The markets have been unusually calm since late 2016, and he said investors were betting that would continue. Higher rates act like a brake on the economy by slowing down borrowing and lending.
  • Investors on edge after Dow Jones takes a record-breaking slide

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    It ended the day up only 0.2 percent at 21,645.37. "Rising interest rates , whilst potentially good news for savers, increase the cost of borrowing and the possibility of loan defaults", he told AFP . The Standard & Poor's 500 index, a broader market barometer that many index funds track, climbed 46.20 points, or 1.7 percent, to 2,965.14. The Dow finished 567.02 points higher, or 2.3 percent, at 24,912.77.
  • Dow closes more than 1000 points down for second time this week

    Financiera

    Just after opening bell, the Dow declined 567 points then raced back to a 350-point gain, and by noon EST Tuesday was up 34 points for the day. All other regional markets were lower. Traders are now preparing for three interest rate hikes in 2018, but if the economy and corporate profits continue to improve, the chances of a fourth increase will become more and more likely.
  • Dow slides over 1000 points, enters correction territory

    Dow slides over 1000 points, enters correction territory

    Financiera

    The index was down 1,033 points, or 4.1%, at the closing bell - the second-worst point drop in history. The Dow Jones industrial average closed at 24,912.77, an increase of 567 points, or 2.3 percent. It's still up 15 percent over the past year. As a result, the biggest losses went to high-dividend companies such as utility and real estate companies, which investors often buy as an alternative to bonds.
  • The Dow is set to tumble again as global stocks melt down

    Financiera

    Since the end of 1945, there have been 57 pullbacks (or about one every 1.3 years) and 21 corrections. Strong economic performance and prospects with the then-recent United States tax reforms had fuelled a bull market which saw the measure's value rocket up 1,000 points in 12 days.
  • Dow tumbles more than 4% as US stock losses deepen

    Dow tumbles more than 4% as US stock losses deepen

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    It is not always possible to pinpoint the reasons behind up or down moves in the stock market , except in hindsight. The S&P correction is the fifth of this bull market, according to Yardeni Research . That's the equivalent of a 5,300-point decline today. This means that the market, at least based on the Dow, is in an official "correction", which is defined as a 10% drop or more .
  • Cavaliers, LeBron James boasted new weapon in overtime victory over Timberwolves Video

    Cavaliers, LeBron James boasted new weapon in overtime victory over Timberwolves Video

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    It is, though, a group with only 29 games remaining in the regular season to coalesce before the playoffs begin. "I'm exhausted of being traded". He averaged 14.3 points in 273 games and 3 and a half seasons for the Lakers . He also had six assists and rebounds. But teams are just taking a breath, they are not done. There were a handful of other notable deals: Denver, Dallas and NY cooked up a three-team trade that saw guard Emmanuel Mudiay move from the Nuggets to the Knicks, ...
  • Yum China's same-store gross sales beat on robust efficiency…

    Yum China's same-store gross sales beat on robust efficiency…

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    YUM! Brands , Inc is engaged in restaurant business. Keefe Bruyette & Woods maintained it with "Hold" rating and $1700 target in Wednesday, June 28 report. They expect $0.80 EPS, up 1.27% or $0.01 from last year's $0.79 per share. Brands' earnings . The highest sales estimate is $1.67 billion and the lowest is $1.51 billion.
  • Wall Street sinks again as bond yields rise

    Wall Street sinks again as bond yields rise

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    Equity investors are anxious the likelihood of a stronger United States economy and higher inflation could lead the Federal Reserve to boost interest rates more times than previously anticipated. The dollar index.DXY rose 0.76 percent, with the euro EUR= down 0.82 percent to $1.2275. "In the 'old days, ' when good news was reported, the Stock Market would go up".
  • India Maintains Key Interest Rates

    India Maintains Key Interest Rates

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    The traders expected this. "The policy (statement) seems to have assuaged some of these concerns which has led to short covering", he said adding that traders might turn cautious on bond supply concerns. Earlier, there were speculations that the RBI would change its monetary policy stance from " neutral " to "cautious". First, global crude oil prices have firmed up sharply since August 2017, driven by both demand and supply side factors.
  • USA markets recover as volatility eases, but concerns remain

    USA markets recover as volatility eases, but concerns remain

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    The Dow had a more than 1,000-point difference between its high and low on Tuesday. Coupe said the volatility is coming about because investors are having difficulty deciding between stocks and bonds at the moment. The move in yields kept equity investors nervous about higher rates and inflation. When bond yields rise , those stocks become less appealing to investors seeking income.
  • All eyes back on Wall Street after record Dow drop

    All eyes back on Wall Street after record Dow drop

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    On Monday, the Dow was off a heart-stopping 1,600 points during afternoon trading, the largest intra-day point decline in the blue-chip index's history, reports The Washington Post . Yesterday's last-minute tumble "underscored the lack of conviction that still exists in the market, which is a byproduct of the market's stunning behaviour since last Friday", said Briefing.com analyst Patrick O'Hare.
  • Volatile markets: Dow drops 500 points then gains it back

    Volatile markets: Dow drops 500 points then gains it back

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    The index of 30 big-name US companies ended up at 24,912. Wall Street shares started mixed on Wednesday, with the Dow Jones up over 136 points at 25,049. "Fundamentals are strong: the rate of GDP growth is accelerating here and overseas; corporate profit growth is accelerating here and overseas", Smith said.
  • How to Watch the 2018 Super Bowl Online for Free

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    New England, NBC , 103.39 million; " Super Bowl Post-Game", NBC, 73.45 million; " This is Us ", NBC, 26.97 million. The New York Times further cited NBC as saying that it expected US$500 million in advertising revenue from the Super Bowl , where commercials were sold for about US$5 million for each 30-second time slot.
  • Dow Jones industrials plunge 1000 points, bringing the index down 10 percent

    Dow Jones industrials plunge 1000 points, bringing the index down 10 percent

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    It was down more than 1,500 points at one point in the afternoon. The Nasdaq lost 274 points, or 3.9 percent, to 6,777. The Standard & Poor's 500 index gave up 77 points, or 2.9 percent, to 2,603. The bull market has feasted on extremely low bond rates. Energy stocks were dragged down by a 2.4 per cent plunge in oil prices overnight. Elsewhere in commodities, the March crude contract was down 64 cents to US$61.15 per barrel and the March natural gas contract was down one cent to ...
  • VP Pence pressures North Korea ahead of the Olympics

    VP Pence pressures North Korea ahead of the Olympics

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    North Korea normally marks April 25 as the day when regime founder Kim Il Sung, the grandfather of current leader Kim Jong Un , established the first revolutionary army. Pence reiterated the USA position on North Korea as he did following his meeting with Japanese Prime Minister Shinzo Abe on Wednesday. North Korean leader Kim Jong Un is widely viewed as trying to weaken the alliance and the impact of sanctions.