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S&P 500 ekes out gain after Trump trade remarks

Wednesday, November 13, 2019, 12:47 PM

S&P 500 ekes out gain after Trump trade remarks

The benchmark S&P 500 stock index eked out a slim gain as President Donald Trump said the US is close to signing an initial trade deal with China but offered no new details about negotiations. Trump said US and Chinese negotiators were "close" to a "phase one" trade deal, but largely repeated well-worn rhetoric about China's "cheating"on trade in remarks at The-Economic-Club of New-York.

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Wall Street jumps but ends off highs after partial trade deal

Saturday, October 12, 2019, 4:12 PM

Wall Street jumps but ends off highs after partial trade deal

US stocks ended more than 1% higher on Friday though well off the day's highs after the announcement of a partial trade deal between the United States and China. Indexes cut their gains late in the session as the deal was announced amid worries over the possibility of further flare-ups before the agreement is finalized, strategists said.

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'It's a dark day for Apple,' says analyst Dan Ives

Thursday, January 3, 2019, 7:28 AM

'It's a dark day for Apple,' says analyst Dan Ives

Apple's lowering of its guidance for the first quarter is a "major black eye" for the tech giant, noted analyst Dan Ives told CNBC on Wednesday. "It's a dark day for Apple and bulls, " said Ives, managing director of equity research at Wedbush Securities. He has been bullish on the stock, with a buy rating and $275 price target.

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Stocks broke key level and could aim for the year's low

Saturday, December 15, 2018, 8:39 AM

Stocks broke key level and could aim for the year's low

The S&P 500 could be getting ready to test a-new-range around the lows of the year that it reached in February a-level that is as much as 3% below current levels. The S&P 500 closed at 2,599 Friday, below the psychological 2,600 level and October low of 2,603. The S&P fell below 2,600 earlier this week but did not close below it until Friday.

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Cuomo preparing recreational marijuana plan for New York in 2019

Wednesday, December 12, 2018, 9:06 AM

Cuomo preparing recreational marijuana plan for New York in 2019

The Office of Governor Andrew Cuomo reaffirmed its commitment to creating a-model-program for controlled recreational marijuana use in New York State. "As we have said since August, the goal of this administration is to create a model-program for regulated adult-use cannabis and best-way to do that is to ensure our final proposal captures the views of everyday New Yorkers," said Cuomo spokesman Tyrone Stevens.

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Global markets: US futures gain, Asia pares loss on China trade

Wednesday, December 5, 2018, 8:19 AM

Global markets: US futures gain, Asia pares loss on China trade

US stock futures climbed and Asian equities came off their lows at the open of trading on Wednesday after China officially echoed President Donald Trump's optimism over bilateral trade talks. After a big sell-off Tuesday on Wall Street, stocks in Australia, Japan and South Korea were still down, though by less than the 3.2% tumble in the S&P 500 Index.

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US markets to shut on Wednesday to honour former President Bush

Sunday, December 2, 2018, 6:15 PM

US markets to shut on Wednesday to honour former President Bush

US financial markets will close Wednesday for a national day of mourning to honour former President George H.W. Bush. The New York Stock Exchange, Nasdaq Inc.'s US equities and options markets and CME Group Inc.'s US-based equity markets will shut, the companies said. They will also observe a moment of silence on Monday. US financial markets traditionally close following a presidential death.

News

 
Wall Street sells off again as retail, energy struggle

Wednesday, November 21, 2018, 8:15 AM

Wall Street sells off again as retail, energy struggle

U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers including Target and Kohl's sank after weak earnings and forecasts, fueling worries about economic growth. Target Corp shares (TGT.N) slumped 10.5 percent after third-quarter profit missed analysts' estimates. The company's investments in its online business, higher wages and price cuts hurt margins.

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Prominent investors loaded up on Apple before share slump

Friday, November 16, 2018, 8:39 AM

Prominent investors loaded up on Apple before share slump

Several prominent investors put fresh money to work in Apple during the third quarter even as they sold-out of other high-flying tech companies, betting the iPhone maker's stock would keep rising as strong-growth overshadowed rising trade tensions between the US and China. Despite the steep declines in Apple, some hedge fund managers said that they are continuing to add to shares in the company.

News

 
Goldman shares tumble to 2016 levels with 1MDB pressure mounting

Tuesday, November 13, 2018, 8:35 AM

Goldman shares tumble to 2016 levels with 1MDB pressure mounting

Goldman Sachs Group Inc.'s reputation is facing one of its biggest crises of decade and now its shares are, too. Since prosecutors implicated a trio of Goldman Sachs bankers in multibillion-dollar Malaysian fraud early this month, investors have endured an almost daily-drip of news on firm's ties to the scandal. "It's not so much the dollar amount," said Gerard Cassidy at RBC Capital Markets.

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