Archive For The “Latest News” Category

Regional Bank Stocks Look Set for a Move Higher in 2020

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This article was originally published on this site With much of the global investment community’s attention being paid to the talks in Davos, the uptick in the U.S. regional banking sector has gone fairly unnoticed. Bullish chart patterns are popping up across the sector, and they appear to be making a strong case for increasing…

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Advanced Micro Devices Earnings: What to Look For From AMD

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This article was originally published on this site Global semiconductor company Advanced Micro Devices Inc. (AMD) recently released its Radeon RX 5600 XT graphics card, which the company boasts will provide video gamers with higher on-average performance than rivals’ cards when playing top PC games. While that could help AMD grab market share from Intel…

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4th Circ. Won't Revive Commodities Firm's Oil Deal Suit

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Law360 (January 22, 2020, 6:00 PM EST) — The Fourth Circuit on Wednesday refused to revive a Swiss commodities trading company’s suit accusing executives of a British Virgin Islands petroleum company of costing it at least $30 million through misrepresentations on a deal to transport fuel from Iraq. An appeals court panel said a Virginia…

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Tech sector pushes the S&P 500 to slight gain

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NEW YORK (Reuters) – Technology shares led the S&P 500 marginally higher on Wednesday, as a healthy forecast from IBM helped mitigate worries over the developing coronavirus outbreak. The S&P 500 and the Nasdaq closed barely in the black after approaching, then backing down from record highs the day after virus fears prompted a sell-off….

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Disney Stock Stuck in Neutral So Far in 2020

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This article was originally published on this site Dow component The Walt Disney Company (DIS) is struggling so far this January despite an impressive uptrend that has lifted the S&P 500 index and other broad benchmarks to all-time highs. This sub-par performance has captured the attention of market technicians, who are concerned that insiders and…

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The Dow Rose 10 Points Because a Virus and Housing Data Left Stocks Flat

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Dow Jones Industrial Avearge closed flat on Wednesday, after an early rally faded. Illustration by Michael George Haddad Wait and See. The main U.S. stock indexes closed near the break-even line on Wednesday, after an early rally faded. Still, investors seemed to shrug off continued worries over a fatal virus spreading in China. Existing-home sales…

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Trump Says the Fed Prevented 4% Growth. That Isn’t True.

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WASHINGTON — President Trump has repeatedly blamed the Federal Reserve’s interest rate policy for preventing the American economy from reaching the 4 percent growth he had promised. On Wednesday, Mr. Trump renewed that criticism from the sidelines of an elite gathering in Davos, Switzerland. “No. 1, the Fed was not good,” Mr. Trump told CNBC…

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Facebook Earnings: What to Look For From FB

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This article was originally published on this site Social media giant Facebook Inc. (FB) thrived in 2019, delivering strong quarterly revenue gains year-over-year in each of the first three quarters. But will data privacy issues, regulatory scrutiny and reports of trouble surrounding the upcoming rollout of the Libra cryptocurrency impact the company’s Monthly Active Users…

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Inverse China ETFs Jump Amid Spread of Coronavirus

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This article was originally published on this site Chinese stocks came under pressure Tuesday after the U.S. Centers for Disease Control and Prevention (CDC) announced that coronavirus, a new illness that surfaced last month in Wuhan, China, had spread to the United States. The virus has currently claimed nine lives in China. As well as the…

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Bitcoin Is Great — But Investing in Altcoins Has More Potential Than You Can Imagine

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© Source: Shutterstock investing in altcoins Bitcoin had a fantastic 2019. © Provided by InvestorPlace Media LLC investing in altcoins It was the best performing asset class last year … and by a mile. It rallied nearly 270% to its high in late June. And even with a fourth-quarter pullback, the crypto closed the year…

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