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Markets suffered in September, but October holds promise

Markets suffered in September, but October holds promise

MANHATTAN (CN) — A perfect storm of negative news pummeled investors this week, as markets closed out the typically volatile month of September on a sour note with potential for a better Octoberon the horizon. The decline on Wall Street began early in the week: On Tuesday, the Dow Jones Industrial Average fell 571 points […]

Bond yields, debt-ceiling stalemate cause market fall

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Bond yields, debt-ceiling stalemate cause market fall

MANHATTAN (CN) — Markets tumbled on Tuesday, as a mixture of spiking bond yields and worries about the U.S. debt ceiling caused investors to reassess their positions. The selloff began early and never relented, with the Dow Jones Industrial Average losing 571 points by the day’s end, a 1.6% decline. The S&P 500 and Nasdaq […]

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Wall Street courts, then skirts, disaster as Evergrande bonds loom large

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Wall Street courts, then skirts, disaster as Evergrande bonds loom large

MANHATTAN (CN) — A rollercoaster of gains and losses rollicked Wall Street this week in an unexpected echo of the wild swings of early 2020, when the Covid-19 pandemic first struck. It began Monday with the Dow Jones Industrial Average falling 614 points — which was an improvement from the point that day when it […]

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Investors tread water, surprised by retail sales and inflation

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Investors tread water, surprised by retail sales and inflation

MANHATTAN (CN) — Major U.S. indices did not move much from last week, despite some good news creeping through the usual soup of economic data. By the week’s end, the Dow Jones Industrial Average closed only 24 points lower than last Friday. The S&P 500 and Nasdaq fared similarly, gaining some early in the week […]

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Inflation Posts Highest One-Month Gain Since Great Recession

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Inflation Posts Highest One-Month Gain Since Great Recession

MANHATTAN (CN) — Inflation jumped nearly 1% again last month, with the hot economy seeing the largest one-month increase since the early days of the Great Recession. Core inflation — a measure of prices, sans food and energy — and headline inflation — which measures all goods — both increased by 0.9%, about double what […]

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G-20 Finance Ministers Back Deterring Use of Tax Havens

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G-20 Finance Ministers Back Deterring Use of Tax Havens

(AP) — Top finance officials representing most of the world’s economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens. Finance ministers from the Group of 20 countries endorsed the plan at a meeting Saturday in Venice.  U.S. […]

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Promising Jobs Data Closes Out Positive First Half of 2021

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Promising Jobs Data Closes Out Positive First Half of 2021

MANHATTAN (CN) — The first six months of 2021 could have been better, but investors are hard-pressed to complain too much, netting double-digit percentage gains in all three major U.S. indices. Since January 4, the Dow Jones Industrial Average has gained nearly 14% in value, while the S&P 500 and Nasdaq gained almost 16% and […]

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