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Asian Shares Drop After US Stocks' Worst Day Since October
Asian shares have fallen as a reality check sets in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October.
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Stock Market Trading Frenzy
The usual buy-and-sell took a back seat to wild price swings, powered by social media. A group of traders on Reddit talked up video game retailer GameStop leading to massive buying of shares on social sites like Robin Hood. Scott Budman reports.
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With Rates on the Rise, Investors Fear Any Signs of Inflation
With the sharp move higher in interest rates, markets have been on the lookout for inflation creeping up.
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Synchrony CEO Margaret Keane Stepping Down After Nearly a Decade Leading the Co-Branded Card Lender
Synchrony CEO Margaret Keane will step down after nearly a decade of running the co-branded card lender.
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The Jobs Picture Looks Negative and Could Continue to Be, But Economists See Underlying Strength
About 500,000 jobs were lost in December in businesses most impacted by the pandemic, but there were encouraging gains in other areas.
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December Jobs Report Could Be Weaker Than Forecast, Due to Covid Impact
December’s job growth likely slowed from November’s pace and could even be negative, as businesses responded to the spreading virus.
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Dow Jumps 400 Points to Close at a Record Amid Georgia Runoffs, Escalating Capitol Protests
The Dow Jones Industrial Average and S&P 500 rose to all-time highs on Wednesday, with traders cheering the prospects of additional fiscal stimulus.
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10-Year Treasury Yield Tops 1% for the First Time Since March Amid Georgia Runoff Elections
The benchmark rate breached the key psychological level amid the Senate runoff races in Georgia.
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Carl Icahn Warns That the Market Rally Could End in a Painful Correction and Is Hedging Accordingly
Billionaire Carl Icahn told CNBC that “wild rallies” always end in the same dramatic fashion.
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Stocks Making the Biggest Moves Midday: Tesla, Western Digital, Enphase Energy and More
Take a look at the stocks making headlines in midday trading.
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Behind China's Fastest-Growing Big City: Aviation, Tourism and a Potential Housing Bubble
Xi’an, home to the Terracotta Warriors, posted the fastest growth in the first three quarters of this year among China’s largest cities.
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Stocks Ready to Close Out Powerful 2020 as Risks Loom in January
The bull market will be ready to run into 2021 but probably at a slower pace.
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Researcher Says Tesla Stock Is Too Expensive and in Bubble Territory Following Apple Car Report
Tesla stock is too expensive and in bubble territory, according to Vitali Kalesnik, head of research in Europe at Research Affiliates.
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Tesla Jumps 6% in Heavy Volume Ahead of S&P 500 Entry, Stock Then Falls a Bit in After Hours
Tesla had a wild trading day on Friday, with more than four times the usual volume.
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The Stock Market Will Face a Big Test Early in 2021 With the Georgia Runoffs
The Georgia Senate runoff election is a wild card for markets, and it coul impact markets and the economy.
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Largest U.S. Cryptocurrency Exchange Coinbase Files for IPO as Bitcoin Soars Past $23,000
As bitcoin soars to new highs, the largest cryptocurrency exchange announced its intention to go public.
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SEC Charges Robinhood With Misleading Customers About How It Makes Money
Robinhood agreed to pay a $65 million civil penalty, without admitting or denying SEC’s findings.
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Fed Raises Its Economic Outlook Slightly, Sees 4.2% Growth Next Year and 5% Unemployment Rate
The central bank now expects real gross domestic product to fall just 2.4% in 2020, compared to the decline of 3.7% predicted in September.
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Massachusetts Secretary of Commonwealth Galvin Says Robinhood Is a Reckless Company Gamifying Investing
Massachusetts Secretary of the Commonwealth William Galvin accuses Robinhood of predatory practices on inexperienced investors.
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Massachusetts Regulators File Complaint Against Robinhood, Alleging Manipulation of Customers
The complaint accuses Robinhood of using “aggressive tactics to attract inexperienced investors” and “gamification strategies to manipulate customers.”