Archive For The “Latest News” Category

Gold May Have Topped Out After Historic Uptrend

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This article was originally published on this site The gold futures contract and gold mining stocks may have topped out after a historic uptrend that lifted the yellow metal to an all-time high above $2,000. Stabilization in the world economy and its beneficial effect on the bond market predict growing headwinds for gold bugs in…

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Micron Technology (MU) Breaks Down After Lowering Guidance

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This article was originally published on this site Micron Technology, Inc. (MU) has underperformed the PHLX Semiconductor Index (SOX) and top industry names through mid-August while failing to reach the February high. Micron stock has now broken major support at the 200-day exponential moving average (EMA) for the second time this year and may have…

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S&P 500 muted as stimulus deal remains elusive

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[unable to retrieve full-text content]Trading on Wall Street was subdued on Friday as doubts crept in about a new U.S. stimulus bill, while the S&P 500 hovered below record highs as a swathe of domestic data showed the economy was still …

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Exclusive: Largest Airline Trade Association To Reduce Workforce 20%

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Reflecting the financial distress of its airline members in the midst of the coronavirus pandemic, the International Air Transport Association is planning to reduce its worldwide staff by a fifth, a source at the trade association said. IATA represents nearly 300 airlines operating scheduled and non-scheduled air service. Airlines around the world are expected to…

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If Biden does this as president it could be bad for the stock market: Wall St. veteran

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Markets may not want to totally rejoice at the prospects of a Joe Biden presidency after he cleared one hurdle this week in selecting a more moderate vice presidential candidate in Senator Kamala Harris, says Sanders Morris Harris CEO George Ball. After all, Biden still has to build out a cabinet if elected president come…

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Stock market news live updates: Stocks mostly lower as S&P 500 hovers just below record

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Stocks drifted Friday as investors considered mixed new economic data and dimming prospects of further fiscal stimulus in the near-term. Load Error Shares of Apple (AAPL) edged lower after rising to a record high on Thursday. Bloomberg reported that the iPhone-maker was preparing to release a new subscription bundle, which would include a package of…

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Watch live: Trump holds press conference before leaving for N.Y. and N.J.

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President Trump is holding a news conference Friday before leaving for New York and New Jersey. © Credit: CBSNews cbsn-fusion-economy-may-hurt-trump-reelection-thumbnail-529860-640×360.jpg Mr. Trump is expected to visit his younger brother in a New York hospital Friday afternoon. The reason for Robert Trump’s hospitalization has not been reported.  How to watch Trump’s press conference today What: President…

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Many UK companies delay investing workers’ pension contributions

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Thousands of UK employers have not invested their employees’ pension payments during the coronavirus crisis — a sign of the pressure the pandemic has placed on businesses. A Financial Times survey of pension companies uncovered a spike in employers missing payment deadlines. When pension contributions are not paid, the saver can miss out on potential investment…

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SF Giants: What will the 2020 trade deadline look like for this year’s team?

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When MLB announced its playoff field would expand from 10 to 16 teams for the 2020 season, many clubs including the San Francisco Giants felt energized by the opportunity to contend for a spot in the postseason. It’s way too soon to rule any team out, but after a rough 3-7 road trip, the Giants…

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Obama: Trump 'takes responsibility for nothing but takes credit for everything'

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Former President Obama said Friday that President TrumpDonald John TrumpUSPS warns Pennsylvania mail-in ballots may not be delivered in time to be counted Michael Cohen book accuses Trump of corruption, fraud Trump requests mail-in ballot for Florida congressional primary MORE could benefit electorally from positive progress in the pandemic because he “takes responsibility for nothing…

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