Month: October 2019

Investors were tipping toward a “risk-off” position in the stock market today. Conflicting reports about the trade agreement, impeachment concerns and economic worries pushed stocks down Thursday. All said, the SPDR S&P 500 ETF (NYSEARCA:SPY) slipped 0.27%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) fell 0.5% and the PowerShares QQQ ETF (NASDAQ:QQQ) eked out a
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Salesforce (NYSE:CRM) CEO Marc Benioff recently declared that capitalism is dead, suggesting that America “[Needs] a new, more sustainable, more equitable, more fair capitalism.” Benioff’s company is one of 193 American businesses that have signed the Business Roundtable’s Statement on the Purpose of a Corporation that highlight’s the need for companies to address all the
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Traders work, as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement, on the floor of the New York Stock Exchange, October 30, 2019. Brendan McDermid | Reuters October is ending strong. Here’s what’s next. The market is closing out October from a position of considerable
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There continues to be an interesting tension in the markets. As we saw yesterday, the U.S. economy is slowing — GDP is estimated to be 1.9% in the third quarter. And the Federal Reserve has once again stepped in to help boost spending and borrowing. But on the other hand, stocks seem unstoppable. They continue
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Chile President Sebastion Piñera’s surprise cancellation of the APEC summit highlights how serious anti-government protests have become in the country, viewed by many as the economic crown jewel of Latin America. Santiago’s stock market was down 3.1% Wednesday, adding to losses after Pinera’s announcement about the APEC summit. Since Oct. 21, the Santiago stock market
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U.S. equities are treading water ahead of the Federal Reserve’s latest policy decision, with the Dow Jones Industrial Average holding near the 27,000 level. While most stocks are holding steady ahead of what is expected to be another interest rate cut, energy stocks are weakening here as West Texas Intermediate drops back below the $55-a-barrel
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Over the trailing year, semiconductor and technology firm Nvidia (NASDAQ:NVDA) has taken stakeholders on a wild ride. Right around this point in 2018, Nvidia stock was desperately treading water after a sharp bout of volatility. Unfortunately, the increasingly vitriolic U.S.-China trade war clouded the entire tech sector. Source: JHVEPhoto / Shutterstock.com Seemingly, though, we’re on
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