Japan Second-Quarter GDP Revision Sparks Recession Fears – CCN.com

Japan’s economy faces both external and internal risks as latest GDP numbers released. | Source: Shutterstock Japan’s economic expansion cooled more than initially forecast in the second quarter, revised data showed, complicating the government’s planned consumption tax hike later this year. Ironically, the long-delayed sales tax increase is expected to shrink Japan’s GDP output later […]

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Dow Goes Berserk After Global Times Teases Trade War ‘Breakthrough’ – CCN Markets

The Dow Jones raced toward a colossal rally after the editor of the Global Times – a Communist Party mouthpiece – teased a major trade war “breakthrough.” | AP Photo / Richard Drew The Dow was already primed for a colossal rally on Thursday after US and Chinese officials set a date for the next […]

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Dow Suffers Steep Reversal as Trump Loses ‘Market-Friendly’ Moniker – CCN Markets

An initial gap higher in the Dow Jones was erased midday as investors lost faith in the positive spin Donald Trump is putting on the state of negotiations in the trade war. While there was no major sell-off, bears are still quick to dump bounces, highlighting the uncertainty that still pervades much of the wider […]

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Dow Risks Snapping Three-Day Win Streak as Bond Yields Dive

The Dow Jones risked snapping its three-day winning streak after bond yields resumed their punishing slide. | Source: Shutterstock By CCN Markets: The Dow and broader U.S. stock market all turned lower on Tuesday, as heightened geopolitical tumult drove investors out of equities and into the perceived safety of government bonds. Dow Slides; S&P 500, […]

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Dow Springs 275 Points as Investors Salivate Over New ECB Stimulus

The Dow sprang 275 points because investors are salivating over a new round of easy ECB stimulus to juice the economy. | Source: Johannes EISELE / AFP By CCN Markets: The Dow and broader U.S. stock market extended their relief rally into the new trading week, as plunging consumer prices in the Eurozone bolstered expectations […]

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GE Stock Rebounds, Short-Seller Citron Slams ‘Arrogant’ Whistleblower

Formidable short-seller Citron Research slams whistleblower Harry Markopolos following his GE ‘fraud’ report. GE stock rebounds – for now. | Source: PATRICK HERTZOG / AFP By CCN Markets: Formidable short-seller Citron Research this morning slammed legendary Madoff whistleblower Harry Markopolos following his 170-page General Electric “fraud” report. GE stock tanked almost 12% Thursday on the […]

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Here’s How Much Jeff Bezos Lost on the Stock Market’s Worst Day of 2019

The world’s richest man lost billions in a single day. | Source: Photo by JASON REDMOND / AFP The US stock market collapsed yesterday, wiping out more than $700 billion in a matter of hours. Jeff Bezos was among the many billionaires that saw his net worth slashed, but how much did the Amazon boss […]

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Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market’s bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool’s gamble. That’s according to economist Mohamed El-Erian, who explained to CNBC’s “The Exchange” that a rate cut in July was likely but 50 […]

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