Trump says stock-rallying reports of lifting Chinese trade ‘sanctions’ were premature

President Trump in comments Saturday said stock-rallying reports this week that trade talks with China would include the lifting of tariffs against the world’s second-largest economy weren’t true. The president referred to those tariffs as "sanctions" on Saturday. "Things are going very well with China and with trade," he said to reporters. "There were some false reports about sanctions being […]

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Dow logs 300-point gain as stocks string together four-day winning streak

U.S. stocks ended the week strong on Friday, booking a four-day streak of gains, after reports that Washington and Beijing were debating concessions to help secure an eventual resolution to the ongoing U.S.-China trade dispute. The S&P 500 SPX, +1.32% rose 1.3% to end around 2,671. The Dow Jones Industrial Average DJIA, +1.38% picked up 342 points, or around 1.4%, […]

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Dow jumps 160 points as stock market set to end week with solid gains on China-trade optimism

U.S. stocks rose on Friday, putting benchmarks on pace for a fourth straight win, as investors hung on to optimism over a report that Washington might ease tariffs on Chinese goods. The Dow Jones Industrial Average DJIA, +0.91% rose 156 points, or 0.6%, at 24,523, the S&P 500 index SPX, +1.01% added 0.5% at 2,649, and the Nasdaq Composite Index […]

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Why sterling rallied to a roughly 2-month high with no fresh Brexit developments

How, when and if Brexit will get done is still uncertain. Yet, the British pound rallied on Thursday. It would appear, in the absence of any fresh catalysts, the path of least resistance is higher for sterling. In fact, the pound GBPUSD, +0.8464% rallied to its highest level since mid-November against the U.S. dollar, last buying $1.2988, compared with $1.2878. The […]

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Morgan Stanley’s stock heads for biggest one-day post-earnings selloff since the financial crisis

Shares of Morgan Stanley MS, -4.43% sank 5.6% in morning trade Thursday, after the bank and broker’s fourth-quarter results snapped a 12-quarter streak of earnings beats, to put it on track for the biggest one-day post-earnings selloff since the financial crisis. The last time the stock fell more on the day earnings were reported was when the stock tumbled 9.0% […]

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Here are the more than two dozen Democrats running for president or in the mix

There are Davids and Goliaths, women in their 30s, men in their 70s. Rich, and not so rich. Black, Asian, white. Mayors, senators and private citizens with no government experience. A veteran. Household names. Unknowns. In all, more than two dozen Democrats are running for president in 2020 or actively considering a bid. The goal for many is simply to […]

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Mortgage rates stay subdued, bringing relief to slumping housing market

Americans flocked to line up financing for home purchases as rates for home loans remained favorable, suggesting the recent housing downturn may be easing. The 30-year fixed-rate mortgage averaged 4.45% in the January 17 week, mortgage guarantor Freddie Mac said Thursday. That was unchanged during the week, and still at a nine-month low. The popular product hasn’t managed a gain […]

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