Tag: Stock Market

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U.S. Stocks Rose After Five Straight Sessions Of Declines On Monday Boosted By Technology Stocks

Boeing Co, the best performing Dow component this year by a wide margin, dropped 6.7 percent after many airlines grounded the company’s new 737 MAX 8 passenger jet. Helping markets gain ground was the heavyweight Dow component’s stock bouncing off its session lows, while the Dow Jones Airlines index reversed course to trade 0.34 percent higher.

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Nvidia Corp Said On Monday It Will Buy Israeli Chip Designer Mellanox Technologies Ltd

U.S. chipmaker Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the company boost its data center business. The all-cash offer of $125 per share represents a premium of 14 percent to Mellanox’s Friday close. Shares of Mellanox rose 8.7 percent and Nvidia shares rose about 1 percent in premarket trading.

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Stock Markets – Top 5 Things To Watch This Week

Economic reports will remain in focus in the week ahead, after data on Friday showed that U.S. job growth stalled in February, raising new concerns about the economy. January’s delayed retail sales figures, February’s inflation numbers and the latest report on durable goods orders all take on added significance, particularly after a recent batch of disappointing data showing that both consumers and businesses have pulled back.

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Deutsche Bank Management Board Reportedly Agrees To Commerzbank Merger Talks

The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Sunday. The source, who spoke on condition of anonymity, confirmed information reported earlier by the Welt am Sonntag newspaper. The person said that first unofficial contacts have taken place in a very small group and that talks were at a very early stage.

Trump Administration Officials Have Not Made Any New Plans To Send A Team To China For Trade Talks

Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks, but negotiators have made progress, White House trade adviser Clete Willems said at an event on Friday… “We’re talking to them (Chinese officials) every day, but no one’s got any trip plans,” Willems told reporters on the sidelines of a Georgetown Law School trade event in Washington. When asked about the prospect for future face-to-face meetings, Willems said “Maybe. But there are no plans right now.”

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U.S. Stock Futures Point To Lower Open After China’s Exports Plummet

At around 6:45 a.m. ET, Dow Jones Industrial Average futures slipped 103 points, indicating a drop of 107.23 points at the open. Futures on the S&P 500 and Nasdaq 100 were both seen slightly lower. Market focus is largely attuned to economic data, after shockingly weak export figures from China exacerbated concerns about a global economic downturn.

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The SEC Is Investigating Whether The Multi-Tiered Pricing System Used By Stock Exchanges Favors Large Brokers At The Expense Of Small Ones

Under the current system, Wall Street banks and other massive traders get hefty rebates based on how much business they funnel to exchanges. The result of this complex and often opaque system is that big users can end up trading for free, or even get paid to trade, while small brokers pay substantial fees.

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U.S. Stocks Slid Thursday After The European Central Bank Unveiled Plans To Deploy Additional Stimulus

U.S. stocks slid Thursday after the European Central Bank unveiled plans to deploy additional stimulus, raising fresh worries about the health of the global economy. The Dow Jones Industrial Average fell 263 points, or 1%, to 25409, heading for its fourth straight day of losses. The S&P 500 declined 1% and the Nasdaq Composite shed 1.1%.