Money Markets

Look out, Amazon: China's Alibaba may soon be bigger

Posted on Money Markets at 3:49 pm on August 17, 2017 by admin

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Jack Ma in 60 seconds Move over, Jeff Bezos: Jack Ma’s Alibaba could soon reclaim the title of world’s most valuable online retailer. Alibaba’s stock rose nearly 5% on Thursday after the company reported sales and profits for its second quarter that easily topped Wall Street’s forecasts. Shares of Alibaba (BABA, Tech30) have surged more Read more

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Premarket: 4 things to know before the bell

Posted on Money Markets at 8:52 am on August 17, 2017 by admin

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1. Stock rally fizzles: U.S. stocks are near all-time highs but the recent rally seems to have fizzled out, in part because of President Trump’s growing isolation. U.S. stock futures were flat ahead of the open. The Dow Jones industrial average, S&P 500 and Nasdaq all trimmed their gains Wednesday as top executives abandoned Trump’s Read more

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Stunning rebuke for the CEO president

Posted on Money Markets at 9:48 pm on August 16, 2017 by admin

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Trump dissolves business councils America’s CEOs are running away from the CEO president. The collapse of President Trump’s business councils on Wednesday was a stunning and unprecedented rebuke to a chief executive who prides himself on being business-friendly. It showed just how radioactive corporate leaders believe Trump has become barely seven months into his presidency. Read more

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Fed leader: We're halfway there on interest rate hikes

Posted on Money Markets at 8:50 pm on August 16, 2017 by admin

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Fed leader: More rate hikes needed to get to ‘normal’ America’s central bank has raised interest rates four times in the past two years. And one Federal Reserve leader says the job is only halfway done. “We do need to see some more rate increases over the next couple years to get us to this Read more

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Day 1 of NAFTA talks: 'This agreement has failed'

Posted on Money Markets at 4:18 pm on August 16, 2017 by admin

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U.S., Canada and Mexico begin NAFTA negotiations President Trump’s trade team didn’t mince words on the first day of trade talks with Canada and Mexico. Leaders from the U.S., Canada and Mexico on Wednesday officially began renegotiating NAFTA, the three-nation trade pact, in Washington. Mexican and Canadian leaders started a press conference on a positive Read more

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