German Industry Output Suffers Biggest Slump Since 2009

Stock Market News — German industrial output registered its biggest drop in more than a decade in December, highlighting the weakness of the manufacturing sector that is dragging on overall growth in Europe‘s largest economy. Industrial production tumbled by 3.5% on the month, undershooting expectations for a 0.2% fall, figures released by the Statistics Office […]

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China Cuts U.S. Import Tariffs

Global stocks extended their recovery on Thursday, cheered by record closes in Wall Street benchmarks following encouraging economic data, and after China announced a cut in tariffs on some imported goods from the United States. The tariff relief added to hopes the global economy may be able to avoid a major shock from China’s rapidly-spreading […]

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Traders Pay Up For Protection Against Sharp Falls In US Stocks

Stock Market News Today— Traders have been scrambling to protect themselves from a collapse in US stocks, spooked by the coronavirus outbreak, the looming presidential race and the sheer strength of last year’s rally. The US equity market climbed 29 per cent in 2019 and started this year strongly, but the spreading nervousness has sent […]

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Trading News: 3 Things Under the Radar This Week

Trading News — There’s an ominous technical indicator hovering over the U.S. dollar, which could mean a move away from the greenback. But don’t go looking for value in bitcoin, according to one fund manager speaking at the World Economic Forum in Davos, Switzerland this week. Meanwhile, as lower interest rates have been a boon […]

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Moody’s Cuts Hong Kong Rating

♦ Today’s Stock Market News – Tuesday, 21 January, 2020 ♦ ◊ Stock Market News Today – Tuesday, 21 January, 2020 ◊ StockMarketNews.Today — Moody’s has cut Hong Kong’s credit rating, saying the government’s “slow” and ineffective response to months of protests has prompted it to reassess the Chinese territory’s institutional strengths and governance. Hong […]

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Brussels Briefing – Europe Braces For New Fiscal Battles

♦ Brussels Briefing ♦ Stock Market News — Stock Market Today The EU’s fiscal rules are widely disliked given their impenetrable and convoluted nature — yet it is difficult to avoid setting off political landmines somewhere in the union when any change to them is mooted. In early February, the commission will tread delicately back […]

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Today’s Stock Market News – Monday, 13 January, 2020

♦ Tech Sector Leads Stocks Higher ♦ StockMarketNews.Today — U.S. equities rose, led by shares of technology companies, in a week expected to be dominated by the start of earnings season and the signing of a partial China trade deal. Apple, Tesla and Microsoft  pushed the Nasdaq Composite Index higher. The Stoxx Europe 600 swung […]

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Stock Market News: The U.S. and China Have Agreed to Restart Semi-Annual Talks Aimed at Resolving Economic Disputes

Today’s Stock Market News – Sunday, 12 January, 2020 ⇑⇓ Stock Market News Today ⇓⇑ — The United States and China have agreed to restart semi-annual talks aimed at resolving economic disputes between the two countries, a process abandoned at the start of the Trump administration as a trade conflict between the countries escalated. An official […]

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U.S. Job Growth Slows – Unemployment Rate Steady At 3.5%

Stock Market News — U.S. job growth slowed more than expected in December, but the pace of hiring remains more than enough to keep the longest economic expansion in history on track despite a deepening downturn in a manufacturing sector stung by trade disputes. The Labor Department’s closely watched monthly employment report on Friday also […]

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Today’s Stock Market News – Friday, 10 January, 2020

◊ Stock Market News Today – Friday, 10 January, 2020 ◊ StockMarketNews.Today — Stocks march higher as Middle East tensions ease… World stocks set new record highs on Friday and the prices of safe-haven assets such as gold pulled back as investors cheered an apparent de-escalation in U.S.-Iran tensions and looked instead to prospects of […]

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How To Start Investing In 2020

⇑⇓ STOCK MARKET NEWS TODAY — BUSINESS & FINANCIAL NEWS ⇓⇑ StockMarketNews.Today — Over half of Americans (55%) say they are not participating in the stock market, according to a 2019 poll of over 8,000 U.S. adults conducted by MetLife. Gen Z (18 to 24) and millennials (defined here those 25 to 34) are opting […]

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Goldman Says Oil Rally Likely Shortlived

⇑⇓ STOCK MARKET NEWS TODAY — BUSINESS & FINANCIAL NEWS ⇓⇑ StockMarketNews.Today — A flare-up in U.S.-Iran tension may be keeping oil elevated, but an actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc . Price risks for Brent, which has surged about 6% […]

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Stock Market Correction 2020

• StockMarketNews.Today • As investors celebrate the outsized gains they made in the stock market in 2019, they may be getting ready to sell some of their winners once 2020 begins. Investors Bet on Volatility Comeback in 2020 There’s little to stand in the way of the rising stock market at this point as it drifts, […]

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Stock Market Today: U.S. Stock Futures Point Sharply Lower

U.S. stock futures pointed to a sharply lower open on Tuesday as concerns over the latest escalation in the U.S.-China trade war drove investors into safe haven assets. The blue-chip Dow futures shed 203 points, or 0.7% by 6:52 AM ET (10:52 GMT), S&P 500 futures were down 21 points, or 0.7%, while the Nasdaq […]

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Global Stocks Paused After A Recent Run Of Gains

Minutes from the Federal Reserve’s January meeting released Wednesday showed unanimous agreement among officials to hold off on future interest-rate rises until a clearer picture on the state of the U.S. economy could be seen, though some members acknowledged the economic outlook was more uncertain since their previous meeting.

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Major Global Powers Ordered To Stop Trading Oil And Gold Assets With The Venezuela

In a statement published Monday, 11 of the 14 members of the Lima Group called for a “peaceful transition through political and diplomatic means without the use of force.”

The group also underscored the need for an urgent delivery of humanitarian aid and insisted international governments “take measures to prevent the Maduro regime … from doing business in oil, gold and other assets.”

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Alphabet Inc. revenue grew 22% year over year to $39.3 billion, beating Wall Street’s forecasts. But, as is often the case, what Google spends sometimes overshadows what it makes

Alphabet Inc., parent company of the Internet search giant, reported mostly strong fourth-quarter results Monday afternoon. Revenue grew 22% year over year to $39.3 billion, beating Wall Street’s forecasts. That was driven by yet another quarter of 20% growth for the company’s colossal advertising business, which now generates more than $116 billion in revenue annually.

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Venezuela Has 20 Tons of Gold Ready to Ship. On Monday, a plane belonging to Nordwind Airlines, a company based in Moscow, landed at the international airport near Caracas

Venezuela has been trying for years to increase its gold reserves by encouraging mining, putting the military in charge of vast territories that yield the precious metal.

With strongman President Nicolas Maduro losing control of the country’s already-scant finances and reserves thanks to U.S. sanctions, who can put his hands on the nation’s estimated 200 tons of gold at home and abroad has become a key question.

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The Government Shutdown Cost The Economy $11 Billion

The federal government shutdown cost the economy $11 billion, according to a new analysis from the nonpartisan Congressional Budget Office.
Although most of the damage to the economy will be reversed as the government re-opens and workers return to their jobs, the CBO estimated $3 billion in economic activity is permanently lost.

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Vodafone Group, which is based in London, said it would temporarily stop buying Huawei equipment for core parts of its next-generation wireless networks, known as 5G.

Europe has become a key battleground for Huawei, the world’s largest supplier of telecommunications equipment. The region is the company’s second-largest market after China, largely because of lucrative partnerships with carriers that, in addition to Vodafone, include BT Group, Deutsche Telekom and Telefonica.

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Chief Executive Officer Mark Zuckerberg is planning to unify the underlying messaging infrastructure of its WhatsApp, Instagram and Facebook Messenger services

In a statement, Facebook said it wanted to “build the best messaging experiences we can; and people want messaging to be fast, simple, reliable and private.” It added: “We’re working on making more of our messaging products end-to-end encrypted and considering ways to make it easier to reach friends and family across networks.”

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Walt Disney’s outlook is bright, according to analysts at Morgan Stanley who have a higher-than-average overweight rating on the stock, compared to an in-line rating for the rest of the industry

“2019 is likely a transformational year for Disney. Stepping back from the complexity, it will exit the year in a different place than it begins. Significant investments in content, theme parks, and M&A weigh on near-term earnings, but should set up the business for long-term growth,” Morgan Stanley analyst Benjamin Swinburne wrote Thursday.

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Activision’s Date With Destiny. Activision once considered “Destiny” its next “Activision’s goals,” but Sci-fi shooter never lived up to Activision’s goals

Analysts believe “Destiny” generated about $370 million in total revenues in 2018, according to consensus estimates from Visible Alpha. That would rank the game fifth on Activision’s slate—well below its other big properties such as “Call of Duty,” “World of Warcraft” and “Overwatch.”

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U.S. Recession Risk Hits Six-Year High. Analysts surveyed by Bloomberg over the past week see a median 25 percent chance of a slump in the next 12 months

Analysts generally expect the partial government shutdown — which President Donald Trump said could last for months if not years, and is now in its third week. The shutdown has also delayed government data releases, such as retail sales and inventories, that investors and analysts use to assess the state of the economy.

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Oil headed for its biggest weekly gain in over two years. Still, prices are about 30 percent lower than their highs in October

Crude’s direction in coming weeks may be determined by whether the Organization of Petroleum Exporting Countries and allies including Russia implement output cuts they have promised for the first six months of 2019. Also crucial will be the outcome of trade negotiations between the U.S. and China — the world’s two biggest economies. A deal between the nations could boost flagging global growth that underpins oil demand.

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Drugmakers Raise Prices on Hundreds of Medicines. New analysis shows Allergan setting the pace with increases of nearly 10% on more than two dozen products

More than three dozen drugmakers raised the prices on hundreds of medicines in the U.S. on Tuesday, according to an analysis from Rx Savings Solutions, which sells software to help employers and health plans choose the least-expensive medicines. The average increase was 6.3%, according to the analysis, including increases on different doses for the same drug.

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Airlines Dump the Boeing 747, Transforming International Travel. The newer planes, which include the Boeing 787 Dreamliner, are redrawing the map for global air travel

Smaller, ultraefficient long-range airliners are overtaking the once celebrated giant of the sky; crammed seats and fewer perks. Delta has replaced its fleet of jumbo jets with Airbus A350s, one of a new breed of smaller, ultraefficient long-range airliners. Nearly every other airline in the world is doing a version of the same thing, replacing huge jets with smaller ones.

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U.S. stocks have dropped sharply in recent weeks on concerns over weaker economic growth. Trump has largely laid the blame for economic headwinds on the Fed

U.S. stocks have dropped sharply in recent weeks on concerns over weaker economic growth. Trump has largely laid the blame for economic headwinds on the Fed, openly criticizing its chairman, Jerome Powell, whom he appointed.

Media reports have suggested Trump has gone as far as discussing firing Powell, and he told Reuters in August that he was “not thrilled” with the chairman.

On Monday, Trump said “The only problem our economy has is the Fed.”

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Pinterest Readies Itself for Early 2019 IPO. Online image-search company could choose bankers for the offering as early as January

In September, Pinterest surpassed more than 250 million monthly active users, who visit the site to browse through billions of images on topics ranging from living-room furniture to dinner recipes and tattoos. The company generates revenue from ads scattered across its site and is poised to generate revenue in excess of $700 million this year, up 50% from the prior year

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Japan’s Nikkei Enters Bear Market. The Nikkei 225 Stock Average plunged below the 20,000 level and entered bear market territory, as Japanese equities headed for their worst December on record

Japan’s blue chip shares fell across the board, with Toyota Motor Corp falling 5.25 percent, Sony Corp shedding 5.55 percent, Nintendo down 4.3 percent and Mitsubishi UFJ Financial Group losing 4 percent.

Defensive shares such as consumer staples, healthcare and utilities were unable to withstand the selling pressure.

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The U.S. government partially shutdown early Saturday after lawmakers failed to reach a spending deal that centered on whether to fund construction of a wall along the U.S.-Mexico border

U.S. Government Shutdown Over Border Wall Funding. Negotiations between White House officials, congressional leaders to continue Saturday. The discussions focused on the package of seven spending bills that would fund the government through September, including a bipartisan Senate measure funding the Department of Homeland Security, which oversees the border wall.

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10 Risks That Could Shake the Markets in 2019. With stock prices already under severe pressure and declining globally, one or more growing risks could intensify the downdraft.

Among these are falling profit margins, interest rate hikes, high corporate debt, an illiquid corporate bond market, and rising interest rate volatility, per a report by London-based multinational banking giant HSBC, as summarized by Business Insider. In particular, “a significant miss to earnings estimates [would] derail the equity bull market,” the report says.

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As fear rises on Wall Street, strategists warn the worst is yet to come. The CBOE Volatility Index jumped above 30, its highest since the major market sell-off in February of this year

“The market’s in no man’s land,” said Peter Boockvar, chief investment strategist at Bleakley Advisory Group. Stocks have broken through the lows of the year, and technicians are scurrying to find the next support levels. On the S&P 500, he said 2,400 is a potential psychological area of support.

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U.S. oil major Exxon Mobil Corp has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, signaling that the project has been shelved

LNG demand is growing but environmental groups say exports will boost carbon emissions in Canada, both through gas extraction and the liquefaction process.

The WCC LNG export project planned to have liquefaction and storage facilities for natural gas, loading facilities and third-party pipeline facilities.

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Coffee prices have been stuck below the cost of production for the longest stretch since the global financial crisis, leading some producers to abandon crops and some to migrate for new jobs

Even as gourmet-coffee consumption is on the rise, most producers get only a dollar per pound of beans. A 2017 study by Cornell University for Fair Trade USA placed the average cost of coffee production at $1.40 a pound. Coffee prices have been below that price for 20 straight months, the longest stretch since 2008, according to FactSet data.

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