Business

President-elect Joe Biden moves into the White House in the coming week with the biggest stock market tailwind since a presidential Election Day going back to at least 1952, CNBC informed. According to CFRA data […]

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More than two decades ago, Donald Trump the New York developer found refuge at Deutsche Bank after a syndicate of lenders, including predecessor firms to JPMorgan Chase and Citigroup, cut ties with him, CNBC reported. […]

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Goldman Sachs Chief Economist Jan Hatzius said that U.S. stocks and bond markets could possibly “take more of a breather” in the near term, after hitting record highs last week, CNBC reports. U.S. stock markets […]

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One U.S. Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’s “endgame” is here. A third predicts 2021 […]

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Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market, CNBC writes. The market capitalization or value of the cryptocurrency market was $959.53 billion at 12:10 p.m. […]

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The U.S. economy likely created the fewest jobs in seven months in December or even shed workers as the country buckled under an onslaught of COVID-19 infections, marking the start of what is expected to […]

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Bitcoin smashed through $37,700 to hit a new record high on Thursday helping to lift the total value of the entire cryptocurrency market above $1 trillion for the first time, CNBC reported. The digital coin […]

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Wall Street’s main indexes climbed on Tuesday as investors took advantage of the previous session’s slump, while waiting for the outcome of battleground Georgia’s Senate runoff elections, which will determine the balance of power in […]

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The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants that have been targeted by U.S. President Donald Trump’s outgoing administration, in a shock reversal of an announcement made […]

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The dollar fell against major peers on Tuesday as China raised its official yuan exchange rate by the biggest margin since abandoning its peg in 2005, which helped support demand for other units, Reuters writes. […]

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U.S. stock futures were higher Monday morning ahead of the first trading session of 2021 following a volatile year, CNBC reports. Dow Jones Industrial Average futures were up 99 points. S&P 500 and Nasdaq 100 […]

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Shares in China’s three biggest telecoms companies fell as much as 5% in Hong Kong on Monday, the first trading session since the New York Stock Exchange (NYSE) said it would delist the firms in […]

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Tesla Inc on Saturday reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year goal during a punishing year for the global auto industry, Reuters […]

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The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Donald Trump last month barred U.S. investments in Chinese firms Washington says are owned or controlled […]

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European stocks traded slightly higher on Wednesday amid more positive vaccine news in the region, CNBC reported. The pan-European Stoxx 600 index opened just above the flatline but rose to trade up 0.13%. London’s FTSE […]

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China has not fully recovered from the shock of the coronavirus pandemic, business leaders said in a survey by the China Beige Book released Tuesday, CNBC reported. After about a year since Covid-19 first emerged […]

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Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier assets, Reuters writes. The MSCI […]

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At the close of trading next Thursday, the bull market will be ready to run into 2021 but probably at a slower pace, CNBC informed. January is the month that Wall Street tradition says sets […]

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Bond yields and sterling jumped Wednesday on reports that a long-awaited Brexit trade deal between Britain and the European Union was close, CNBC reported. Officials on both sides have said they are optimistic about the […]

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Stock futures wobbled and commodities fell on Wednesday after U.S. President Donald Trump threw a last-minute spanner into pandemic relief plans, although Asian equities rose as traders looked through fears about an infectious new coronavirus […]

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The Trump administration on Monday published a list of Chinese and Russian companies with alleged military ties that restrict them from buying a wide range of U.S. goods and technology, Reuters reported. Reuters first reported […]

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