European markets drop, as gloom spreads to online retailers

European markets ended lowerl Monday, as investors cautiously approached the final full week of trading in 2018 ahead of the Christmas break and retailers crumbled after a London-based company warned on profits. Drug and bank stocks also fell, while mining stocks provided some support for the main index. The Stoxx Europe 600 SXXP, -1.14% fell 1.1% to close at 343.26, […]

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Costco stock set for worst one-day decline in 10 years after sales miss, but analysts are unfazed

Costco Wholesale Corp. shares fell Friday and were the second-biggest S&P 500 decliner, after the company reported weaker-than-expected sales for its fiscal first quarter. The stock COST, -8.34% was last down 8.1%, putting it on track for its worst one-day percentage decline since October 2008, according to FactSet data. The Issaquah, Wash.-based company said late Thursday it had net income of […]

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Brazil prosecutors probe international trading companies

Brazilian prosecutors say they've launched an investigation into international trading companies suspected of paying more than $30 million in bribes to employees of state-owned oil company Petrobras. Vitol, Trafigura and Glencore are among the companies mentioned in Wednesday's statement from the Federal Prosecutors office. Other trading companies are being investigated, but their names haven't been revealed. Continue Reading Below Prosecutors […]

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Fed minutes reveal further rate hike ‘warranted soon’

Almost all Federal Reserve officials at their last meeting agreed another interest rate increase was “likely to be warranted fairly soon,” but also opened debate on when to pause further hikes and how to relay those plans to the public. Minutes of the November meeting show policymakers ticking off a series of issues, including a tightening of financial conditions, global […]

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Etsy’s stock soars toward biggest gain in over 3 years after earnings beat

Shares of Etsy Inc. ETSY, +26.84% shot up 27% in active midday trade, putting them on track for the biggest one-day gain in over three years, after the online marketplace reported better-than-expected third-quarter earnings and revenue. Trading volume jumped to 8.0 million shares, compared with the full-day average of about 2.3 million shares. Analyst Scott Devitt raised his stock price […]

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7 Threats to the Booming Economy: Alan Greenspan

Former Federal Reserve Board Chairman Alan Greenspan, who held that post during a period of of brisk economic growth from 1987 to 2006, sees a number of dangers lurking under the surface of the currently booming U.S. economy. As he told Barron’s in a lengthy interview: “Crises gets generated after a period of time when you disregard [something]. Most recently, we’ve disregarded the federal budget. […]

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UK has not seen any successful interference in its democratic processes: May's spokeswoman

LONDON (Reuters) – British Prime Minister Theresa May’s spokeswoman said on Thursday that the government had so far not seen any successful interference in Britain’s democratic processes but it remained vigilant. “To date, we have not seen successful interference in UK democratic processes,” the spokeswoman said in a statement issued following a briefing in which she was asked a question […]

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‘Godfather’ of chart analysis says ‘damage done to the stock market’ is much, much worse’ than anyone is talking about

Prominent market technician Ralph Acampora says the stock market is in bad shape and it’s worse than many on Wall Street investors appreciate. A pioneer in the field of chart-based trading, Acampora said the technical damage that has resulted in the Dow Jones Industrial Average DJIA, +1.77% and the S&P 500 index SPX, +1.57% erasing all of their gains for […]

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