Keyword: market
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WASHINGTON - As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions. The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the purposes of investing outside a traditional 401(k). Under one scenario, a household earning up to $200,000 could invest $10,000 tax-free, although officials noted these numbers are fluid. "Nothing's ruled out," said one senior administration official. "Nothing's been ruled in, either."...
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Stocks fell sharply on Friday, wiping out the Dow Jones Industrial Average’s gain for January, as investors grew increasingly worried about the potential economic impact of China’s fast-spreading coronavirus. The Dow dropped 603.41 points, or 2.1%, to 28,256.03 in the 30-stock average’s worst day since August. The S&P 500 had its worst day since October, falling 1.8% to 3,225.52. The Nasdaq Composite dropped 1.6% to 9,150.94...
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This website, which has been reliable, is showing the stock market down by 5000, then 2000, then 400 then 4000. It's crazy. Is the stock market going crazy or is it the website? Does anyone know whats causing this?
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The U.S. stock market shrugged off the impending impeachment vote Wednesday morning, pushing major U.S. stock indexes to record highs. The S&P 500 moved up to 3198 to set a new high in the first hour of trading Wednesday morning. The Nasdaq Composite also hit its highest level ever. The Dow Jones Industrial Average moved higher but remained just below the all-time high set on Monday. [snip] The stock market has had a tremendous year. The Dow is up 19.49 percent compared with a year ago. The S&P 500 is up 25.42 percent. The Nasdaq is up 30.18 percent. [snip]...
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October 29, 1929, the New York Stock Exchange crashed. Panic ensued as Wall Street sold 16,410,030 shares in a single day. Billions of dollars were lost and America plunged into the Great Depression. An estimated 15 million Americans were unemployed and nearly half of all banks failed. Ending the  "Roaring Twenties," the Great Depression began with a rapid contraction of credit. This occurred despite the existence of the Federal Reserve which was created with promises that it would prevent financial panics. Democrat Secretary of State William Jennings Bryan had stated (Hearst's Magazine, Nov 1923): "The Federal Reserve Bank that...
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Google, Apple and Facebook-owned Instagram are enabling an illegal online slave market by providing and approving apps used for the buying and selling of domestic workers in the Gulf. BBC News Arabic’s undercover investigation exposes app users in Kuwait breaking local and international laws on modern slavery, including a woman offering a child for sale. The discovery of Fatou in Kuwait City, her rescue and journey back home to Guinea, West Africa, is at the heart of this powerful and shocking investigation into Silicon Valley’s Online Slave Market. https://www.youtube.com/watch?v=Qxz-vmbFXd4&feature=emb_titleÂ
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Former New York Fed President Bill Dudley on Tuesday called on the Federal Reserve to manipulate the economy to stymie President Trump’s reelection. Dudley made the plea in an op-ed published by Bloomberg News. Dudley argued that Trump’s effort to reset trade with China is hurting the economy and that the Fed should enact policies that hinder Trump and hurt his reelection chances. President Trump has been fighting the Fed over rising interest rates and a too rapid pullback on quantitative easing that stifled the nascent economic boom stemming from Trump’s economic policies and tax cuts. The Fed has since...
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The Dow slid more than 400 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.
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The Dow tumbled 875 points and global stocks were in disarray on Monday after China escalated the trade war with the United States. The Chinese government devalued the yuan to fall below its 7-to-1 ratio with the US dollar for the first time in a decade Monday. A weaker currency could soften the blow the United States has dealt China with its tariffs. The weak yuan ignited fear on Wall Street that a currency war has begun or that the United States would respond with even higher tariffs, prolonging the standoff with China and potentially weakening the global economy. Investors...
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U.S. stocks fell sharply on Thursday following a dire quarterly warning from Apple. The iPhone maker blamed a slowing Chinese economy for the shortfall, intensifying fears that the global economy may be slowing down because of the ongoing trade war. A weaker-than-expected reading on U.S. manufacturing added to those fears. The Dow Jones Industrial Average dropped 660.02 points, or 2.8 percent, to 22,686.22 as Apple shares led the decline. The 30-stock index tumbled to its low of the day right before the close, trading down as much as 707.83 points. The S&P 500 pulled back 2.47 percent to 2,447.89 as...
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Full Title: Shanghai’s stock index ends 2018 as the world’s biggest loser as trade war, slowing Chinese economy Shanghai’s stock benchmark ended 2018 as the world’s worst market performer for a second year, falling 24.6 per cent over 12 months as an unprecedented trade war between China and the United States weighed on the Chinese economy and crimped corporate earnings. The city’s key stock index closed the year at 2,493.90, while the benchmark on the smaller Shenzhen bourse fell 33.2 per cent during the period to 1,267.87. The combined capitalisation of the two exchanges fell by US$2.4 trillion to 43.3...
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The Dow Jones Industrial Average traded higher on Thursday, erasing steep losses a day after posting a historic surge. The 30-stock index traded 31 points higher after plunging 611 points earlier in the day. The S&P 500 held just above the flatline after sliding more than 2 percent. The Nasdaq Composite traded 0.2 percent lower after dropping more than 3 percent. Earlier in the day, stocks fell amid renewed tensions between China and the United States.
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Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 657 points higher as of 3:05 p.m. ET, while the S&P 500 gained 3.05 percent. The Nasdaq Composite outperformed, rising 3.96 percent. Both the S&P 500 and Nasdaq were on track for their biggest one-day gains since Aug. 26, 2015 and erased Monday's losses. The Dow also recovered all of its losses from Monday.
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Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain most of the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 550 points higher as of 12:58 p.m. ET, while the S&P 500 gained 2.6 percent. The Nasdaq Composite outperformed, rising 3.5 percent. The Dow and S&P 500 briefly turned negative earlier in the day. Retailers were among the best performers on Wednesday, with the SPDR S&P Retail ETF (XRT) jumping 3.5 percent. Shares of Wayfair, Kohl's and Dollar General all rose at more than 5.5...
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A bruising stock selloff continued, erasing more than 650 points from the Dow Jones Industrial Average as Treasury Secretary Steven Mnuchin tried to instill calm into a jittery market. Coming off the stock market’s worst week since the 2008 financial crisis, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite fell for a fourth straight session Monday as investors continued to weigh the impact of rising interest rates, slowing U.S. growth, and the ramifications of a government shutdown extending into January. With the selloff showing little signs of slowing, Mr. Mnuchin attempted to reassure investors, saying he had spoken...
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Speculation for the swell in volume and plunge in futures included the news of the arrest of the CFO of the Chinese telecom company Huawei. Traders also speculated that the selling could be attributed to a large fund or funds liquidating a position.
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FULL TITLE: Trump sends Dow Jones plunging nearly 800 points by tweeting 'I am a tariffs man' raising fears his 'truce' with China will be followed by full-scale trade war and recession U.S. stock markets plummeted Tuesday as a series of tweets from President Donald Trump suggested a trade war with China could resume next year despite claims of a truce and a long-term deal between the two countries. The Dow Jones closed almost 800 points down at 25,027, a loss of 3.1 per cent of its value, while billions were also wiped off the value of the Nasdaq and...
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US equities fell Wednesday, turning around after opening higher.
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President Trump, in an exclusive interview with Fox News' Ainsley Earhardt, warned that the “market would crash” if he's ever impeached -- while questioning why Democrats would even consider that course in the future. “I don’t know how you can impeach somebody who’s done a great job,” Trump said, in the interview which aired Thursday on "Fox & Friends." The president weighed in on calls from the left to pursue impeachment if Democrats seize the House in the midterms. That speculation kicked up following the plea deal struck by his former attorney Michael Cohen claiming the president was involved in...
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U.S. stocks fell sharply on Friday after a stronger-than-expected jobs report sent interest rates higher. The Dow Jones industrial average dropped 665.75 points to close at 25,520.96, capping off the index's sixth-largest points decline ever. The 30-stock index also fell below 26,000. Friday also marked the first time since June 2016 that the Dow fell at least 500 points.
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