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Stocks mostly higher as rally rolls on
Stocks are basically higher Friday as the post-correction rally rolls on amid signs U.S. companies will top low third-quarter earnings estimates and the growing belief the Federal Reserve will hold off...
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Stocks’ win streak hits six weeks
Stocks ended mostly higher Friday and bond yields spiked after a robust October jobs report increased the odds that the Federal Reserve will finally pull the trigger and raise interest rates for the...
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Mega pharma deal boosts biotech shares, but pharma shares trade mixes
The biggest marriage in the drug industry’s history hasn’t provided the type of booster shot to shares of deal participants Pfizer and Allergan, nor has the merger provided a major lift to shares of...
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Post-split HP 2016 forecast on tap
Wall Street is interested to hear from executives Tuesday of both companies that emerged from last month’s split of Hewlett-Packard, when its fiscal year financials are released after the market...
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Chinese stocks fall 5.5%, other Asian markets down
China’s main stock market index fell more than 5% on Friday after two securities firms said they are under investigation for possible misconduct. The Shanghai composite index closed 5.5% lower at...
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Firearm stocks jump amid gun control talk
Talk of tighter gun control rules is giving a boost to gun stocks. Following the recent spate of mass shootings in California, Paris and other areas, firearms are back in the sights of politicians....
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Yahoo to hold off on Alibaba spinoff
Struggling Web media company Yahoo has decided to forego its spin-off of its $30 billion-plus stake in Chinese e-tailing giant Alibaba, according to a report by CNBC. As a result of pressure from...
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Wells Fargo fund pro sees 10% gain in 2016
There is a lot of tension on Wall Street. The stock market has stalled near record highs. And the Federal Reserve is about to boost interest rates for the first time in nearly a decade. What better...
View ArticleAtlassian shares quiet after big debut
Atlassian. Shares are up nearly 1% in morning trading, a quieter start compared to its Thursday debut, where the company’s stock closed up 32% to $27.78. The Australian-based software company kicked...
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Global stocks mixed ahead of Fed meeting
Global stocks were mixed Monday as Wall Street looked ahead to a Federal Reserve decision this week that could see interest rates raised for the first time since the financial crisis. In Asia, Tokyo’s...
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Apple fails yet again: $133.5B vanishes
Apple (AAPL) shares are falling hard yet again Monday – dipping below $110 for the first time since October – marking the latest failure for the stock and a new push toward its lows. Shares of Apple...
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Tech investors don’t share Goldman’s Apple ‘conviction’
One month ago, Goldman Sachs added Apple shares to its “conviction buy” list, its highest rating for any stock. So far, though, technology investors haven’t embraced Goldman’s bullishness on the...
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Dow craters 369 as slowdown reality sets in
U.S. stocks cratered in their worst day in months as investors are starting to realize global growth is likely to slow down. The market’s change-of-heart became clear Friday when the Dow Jones...
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Earnings give BlackBerry shares lift
Smartphone maker BlackBerry reported third-quarter earnings Friday. BlackBerry. Shares jumped in early trading after the company beat estimates on third quarter earnings and revenue. For the quarter,...
View ArticleRecord number of brokers barred, suspended in 2015
A record number of punishments were levied against bad brokers in 2015 by the Financial Industry Regulatory Authority (Finra), the brokerage industry’s personal regulator. In 2015, 492 brokers were...
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Fed hike in March? Nasdaq stumbles 2.2%, Dow off 223
Stocks dove sharply into negative territory after the Federal Reserve signaled Wednesday that it has not ruled out another interest rate hike at its March meeting despite noting that it is “closely...
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Wall Street volatility rules as stocks retreat again; Dow drops about 50
Volatility continues to rule on Wall Street as stocks bounce around in choppy trading Tuesday amid oil weakness and global stock turmoil that saw Japanese shares fall more than 5% overnight. Global...
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Bank stocks take investors to the cleaners
It’s no surprise energy stocks are in a world of hurt — that’s what happens when oil is this cheap. But seeing bank stocks fall apart is the latest chapter in the unfolding sell-off, and a much scarier...
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Fed minutes could shed light on rate hikes
Federal Reserve Chair Janet Yellen signaled this past week the central bank will be reluctant to raise interest rates next month if global economic troubles and the punishing slide in markets don’t...
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Allergan earnings top Wall Street forecasts
Shares of Allergan (AGN), the pending merger partner of U.S. pharmaceutical giant Pfizer, rose Monday after the Ireland-based company reported fourth-quarter earnings that topped Wall Street forecasts....
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