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Stocks rebounding, but new highs may be elusive in trade war

Tuesday, August 20, 2019, 8:09 AM

Stocks are bouncing higher but could be trapped in a range until there's a resolution of the trade-wars and an end to the uncertain shadow it is casting over business confidence and the economy. The S&P 500, up 1.2% at 2,923 on Monday, is now 3.5% off its July 26 highs, as the market reacts to positive-headlines on trade talks between U.S. and China.
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Saudi Aramco in talks with banks about IPO

Tuesday, August 20, 2019, 8:07 AM

Saudi Aramco asked several banks to bid for roles in its possible initial public offering, people familiar with the matter told CNBC on Monday. An IPO of the state-controlled oil company has been a longtime goal of Saudi Arabia's Crown Prince Mohammed bin Salman, who values the company at around $2 trillion. The state-owned oil company would be the world's biggest IPO.
 
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Wall Street set to open lower as trade war stokes fears of recession

Tuesday, August 13, 2019, 7:42 AM

Wall Street was set to open lower on August-12, as investors shunned risky bets on fears that a drawn-out trade war between US and China could force the global-economy into recession. The three-main-indexes ended marginally lower last-week, wrapping-up five-days of high-volume trading marked by wild swings, as investors feared that slide in China's yuan would expand the scope of the trade-war to include currencies.

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