Dow rises more than 200 points as stocks head for a winning week

Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images U.S. equities rose Friday, as the major averages tried to post their fourth straight day of gains, overcoming concerns about economic growth earlier in the week. The Dow Jones Industrial Average gained 231 points, or 0.6%, […]

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Stocks are flat as jobless claims unexpectedly rise

U.S. stocks were flat as an unexpected jump in jobless claims kept investors on edge about the economy. The Dow Jones Industrial Average fell 33 points. The S&P 500 traded close to flat. The tech-heavy Nasdaq Composite added is leading the markets with 0.4% gain. Jobless claims unexpectedly rose to 419,000 last week, higher than […]

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ECB set to tweak guidance to reflect its new 2% inflation target

Christine Lagarde, president of the European Central Bank (ECB), speaks during a live stream video of the central bank’s virtual rate decision news conference. Bloomberg | Bloomberg | Getty Images The European Central Bank’s new inflation target and its possible effects on monetary policy will be the key topic of this week’s meeting in Frankfurt. […]

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Bitcoin (BTC) falls below $30,000 as cryptocurrency market plunges

A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021. Dado Ruvic | Reuters Bitcoin fell below $30,000 for the first time since Jun. 22 dragging other digital coins lower. About $89 billion was wiped off the entire cryptocurrency market in 24 hours as […]

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Dow drops more than 700 points on Monday, heads for worst decline of 2021

U.S. stocks fell aggressively Monday on concern a rebound in Covid-19 cases would slow global economic growth. The selling picked up as the session continued and the Dow Jones Industrial average was currently headed for its biggest drop of the year. The Dow dropped 777 points, or 2.2%, exceeding a 2% decline seen in late […]

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OPEC, allies agree to boost supply, gradually end oil production cuts

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020. Saudi Press Agency | Reuters DUBAI, United Arab Emirates — The Organization of Petroleum Exporting Countries […]

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How the U.S. became the world’s new bitcoin mining hub

Well before China decided to kick out all of its bitcoin miners, they were already leaving in droves, and new data from Cambridge University shows they were likely headed to the United States. The U.S. has fast become the new darling of the bitcoin mining world. It is the second-biggest mining destination on the planet, […]

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G-20’s crackdown may create a new kind of tax haven

U.S. Treasury Secretary Janet Yellen looks on during a press conference during the G20 finance ministers and central bankers meeting in Venice, on July 11 2021. ANDREAS SOLARO | AFP | Getty Images LONDON — A landmark deal to close cross-border tax loopholes is ultimately likely to fail to remove the incentive for some of […]

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Lebanon’s Hariri gives up on government formation, deepening crisis

Lebanon’s Prime Minister Saad al-Hariri. Mohamed Azakir | Reuters Lebanese politician and former Prime Minister Saad Hariri gave up on his mandate to form a government for the crisis-rocked country on Thursday, sending Lebanon into yet deeper chaos as its beleaguered currency hits its lowest level ever. “It is clear we will not be able […]

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S&P 500 rises to a record as Powell says the Fed will keep easy policy

The S&P 500 rose to a new intraday record Wednesday after Federal Reserve Chairman Jerome Powell said in prepared remarks that the central bank is not close to altering its easy monetary policies. The broad index traded roughly 0.3% higher. The Dow Jones Industrial Average added around 40 points, or 0.11%. The Nasdaq Composite added […]

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