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US stocks rise after Trump sticks to script on China

Yakob Peterseil and Vildana HajricMay 30, 2020 – 6.27amNew York | US stocks erased losses and closed mostly higher after President Donald Trump stopped short of implementing draconian economic restrictions against China even as he blasted the country for its actions on the pandemic and in Hong Kong.The S&P 500 ended May on an up…


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ASX to fall as markets take fright from a grim Jerome Powell

May 14, 2020 – 4.05amAustralian shares are set to fall after markets suffered a slump across the board and Federal Reserve chair Jerome Powell offered a bleak view on the US economy.ASX futures were down 68 points or -1.2% to 5356.The Australian dollar was down -2.6% to US 64.52 cents.At the risk of reawakening President…


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Wall Street caps best week since 1974 on latest Fed stunner

Apr 10, 2020 – 6.52amNew York | Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak.The central bank announced programs to provide up to $US2.3 trillion ($3.6 trillion) in loans to households, local governments and…


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Unemployment Tally Expected to Surge by Millions: Live Updates – The New York Times

Right NowEuropean markets are wobbling after a strong start. Millions more are expected to be added to the unemployment ranks.ImageA largely empty street in Midtown Manhattan on Saturday.Credit…Jonah Markowitz for The New York TimesThe coronavirus outbreak continues its devastating march across the American economy, and Thursday will bring fresh evidence. The Labor Department will announce…


Markets Enter New Phase—Where Cash Is All That Matters

Markets Enter New Phase—Where Cash Is All That Matters

A rush for cash shook the financial system Wednesday, as companies and investors hunkered down for a prolonged economic stall, taking the recent market turmoil into a new, more troubling liquidation phase.Investors sold nearly everything they could in the most all-encompassing market drawdown since the darkest days of the 2008 financial crisis. Short-term money markets…


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Uber had the worst first-day dollar loss ever of any US IPO

Uber started trading on Friday in an initial public offering that valued the company at $75.5 billion. By the end of day Friday, the stock was trading down 6.7% off the $45 a share, where the company had priced on Thursday night. With a cumulative loss of $655 million, it’s the worst first-day dollar loss…



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These are the cannabis companies the manager of Evolve’s U.S. Marijuana ETF is betting on

Elliot Johnson has heard countless stories of cannabis investors who bought into Canadian companies such as Canopy Growth Corp. early on and rode the green rush to staggering returns.Since the Trudeau government first tabled a bill to legalize recreational cannabis in April 2017, Canopy’s share price has skyrocketed, earning patient investors, who held on through…


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MarketAxess just released a key tool for improving how fixed-income ETFs are built, and it could lead to further automation in the market

Chris Concannon, MarketAxess president and COO MarketAxess MarketAxess, the largest electronic marketplace for US corporate bonds, has created a set of indexes to help find the most liquid bonds across sectors. The tools are aimed at helping ETF creators build products composed of more liquid bonds, thus allowing them to trade more efficiently, Chris Concannon,…


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A stock picker who’s dominating 92% of his peers breaks down his market-beating strategy — and reveals 5 stocks he loves, even as earnings growth dries up

The AB Concentrated Growth Fund, overseen by Jim Tierney, has outperformed its Lipper category on an annualized basis during his five years as its chief investment officer. His concentrated strategy requires that only about 15-20 stocks are in the portfolio at any given time. In an interview with Business Insider, he detailed the numerical and…