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Eurozone economy picks up despite virus disruption
Eurozone economy picks up despite virus disruption
| February 21st | 2020  5:53AM
Eurozone economy picks up despite virus disruption
LONDON (AP) — Business in the 19-country eurozone has picked up in February from a deep slump, particularly in Germany's big industrial sector, despite disruption from the new coronavirus, a report showed Friday. A survey of business managers by financial firm IHS Markit showed that the economy expanded in February at its fastest rate…
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Outbreak, economic ills dim luster of Japan's Olympic year
Shinzo Abe
| February 21st | 2020  5:33AM
Outbreak, economic ills dim luster of Japan's Olympic year
TOKYO (AP) — Prime Minister Shinzo Abe should be basking in the limelight this year in the run-up to the 2020 Tokyo Olympics. Instead, the virus outbreak that has spread from China to even remote parts of Japan has Abe and his ruling Liberal Democratic Party playing defense. Abe has skated through numerous scandals since taking office…
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China suspends more penalties on US goods after trade truce
China suspends more penalties on US goods after trade truce
| February 21st | 2020  5:24AM
China suspends more penalties on US goods after trade truce
BEIJING (AP) — China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth. Financial markets have welcomed announcements by both sides of reductions in penalties on each other's goods, though they have yet to resolve…
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World stocks follow Wall Street lower on renewed virus fears
World stocks follow Wall Street lower on renewed virus fears
| February 21st | 2020  5:19AM
World stocks follow Wall Street lower on renewed virus fears
BEIJING (AP) — Global stock markets followed Wall Street lower Friday after a spike in new virus cases in South Korea refueled investor anxiety about China's disease outbreak. Benchmarks in Tokyo, Hong Kong and Sydney retreated and London and Frankfurt opened lower. Shanghai advanced. Traders shifted money into bonds and…
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German court says Tesla can fell trees at site of new plant
German court says Tesla can fell trees at site of new plant
| February 21st | 2020  3:37AM
German court says Tesla can fell trees at site of new plant
BERLIN (AP) — A German court has ruled that clearing of trees from the site of Tesla Inc.'s first electric car factory in Europe can go ahead, days after it issued an injunction temporarily halting the preparatory work. The top administrative court in the Berlin-Brandenburg region ruled late Thursday that authorities had been within their…
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Asian stocks follow Wall Street lower on renewed virus fears
Leading economic indicators news icon
| February 21st | 2020  2:32AM
Asian stocks follow Wall Street lower on renewed virus fears
BEIJING (AP) — Asian stock markets followed Wall Street lower Friday after a spike in new virus cases in South Korea refueled investor anxiety about China's disease outbreak. Benchmarks in Tokyo, Hong Kong and Sydney retreated, while Shanghai advanced. Traders shifted money into bonds and gold, a traditional safe haven. …
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IATA: Virus may slash $29 billion from airlines' revenue
IATA: Virus may slash $29 billion from airlines' revenue
| February 21st | 2020  1:02AM
IATA: Virus may slash $29 billion from airlines' revenue
TOKYO (AP) — The outbreak of the new virus threatens to erase $29 billion of this year's revenue for global airlines, mostly for Chinese carriers, as travel crashes worldwide, according to the International Air Transport Association. The trade group for global airlines said Thursday that the virus causing COVID-19 has the potential for causing a 13% decline in demand for Asian carriers this year.
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1 trillion euros: EU leaders get into big fight over budget
1 trillion euros: EU leaders get into big fight over budget
| February 20th | 2020  6:20PM
1 trillion euros: EU leaders get into big fight over budget
BRUSSELS (AP) — European leaders argued into the early hours of Friday about how to spend and share some 1 trillion euros ($1.1 trillion) over the next seven years. Their first summit since Britain quit the EU last month has been bruising, long — and so far inconclusive. Gaps and resentments between wealthy and poorer members quickly…
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Kia recalls SUVs, vans; electrical problem can cause fires
Kia recalls SUVs, vans; electrical problem can cause fires
| February 20th | 2020  6:16PM
Kia recalls SUVs, vans; electrical problem can cause fires
DETROIT (AP) — Kia is joining its affiliate Hyundai in recalling thousands of vehicles in the U.S. because water can get into a brake computer, cause an electrical short and possibly a fire. The Kia recall covers nearly 229,000 Sedona minivans from the 2006 through 2010 model years. Also covered are Sorento SUVs from 2007 through 2009.
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Judge OKs settlement over western Michigan contamination
Corporate news news icon
| February 20th | 2020  6:08PM
Judge OKs settlement over western Michigan contamination
PLAINFIELD TOWNSHIP, Mich. (AP) — A federal judge on Wednesday approved a settlement with a western Michigan footwear company that faced a lawsuit over groundwater tainted with potentially harmful “forever" chemicals that are turning up in drinking water across the industrial state. Wolverine Worldwide did not admit liability, but it…
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Lawsuit: 52 people faked Uber accidents for insurance money
Corporate news news icon
| February 20th | 2020  5:40PM
Lawsuit: 52 people faked Uber accidents for insurance money
COLUMBIA, S.C. (AP) — Some South Carolina residents deliberately caused hit-and-run accidents while in Uber rides as part of an insurance scam, a car insurance company says in a lawsuit. The lawsuit from James River Insurance says 52 people were involved in an insurance scheme that cost the company more than $75,000 in claims, The State reported Thursday.
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Struggling Victoria's Secret sold as women demand comfort
Victoria
| February 20th | 2020  5:27PM
Struggling Victoria's Secret sold as women demand comfort
NEW YORK (AP) — Victoria's Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner. Now, the big question is whether the once sought after but now struggling brand can be reinvented for a new generation of women demanding more comfortable styles. The company's…
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S&P 500 spins lower in choppy trading as caution returns
Stock markets news icon
| February 20th | 2020  4:39PM
S&P 500 spins lower in choppy trading as caution returns
NEW YORK (AP) — U.S. stocks spun lower in a dizzying day of trading Thursday as worries about the viral outbreak that started in China knocked the S&P 500 off its record high. The market had started the day off higher following another round of stronger-than-expected reports on the U.S. economy, but it slumped suddenly in the late morning.
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Scalping 101: The Basics of Intraday Trading
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| February 20th | 2020  1:00AM
Scalping 101: The Basics of Intraday Trading
Scalping is a style of trading that seeks to capitalize on intraday price moves by taking high probability trades with minimal holding times ranging from seconds to minutes. There are many variations on the scalping theme that focus on targeting small price moves to executing a large volume of trades or leveraging large sized positions. All these components…
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Compelling Reasons to Consider Investing in MercadoLibre Inc. (MELI) Stock
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| February 20th | 2020  1:00AM
Compelling Reasons to Consider Investing in MercadoLibre Inc. (MELI) Stock
Investing in emerging markets stocks can be a risky endeavor if you don’t do your homework. However, one rapidly growing company is making big moves in the e-commerce space and has been rewarding investors with astonishing returns. MercadoLibre (NASDAQ:MELI) is a Latin American e-commerce business that primarily operates in the countries of Brazil, Argentina, and Mexico.
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Sun Communities Continues to be a Solid REIT Investment
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| February 20th | 2020  1:00AM
Sun Communities Continues to be a Solid REIT Investment
Sun Communities (NYSE:SUI) is riding its momentum from 2019 into 2020. After posting revenue that beat analysts’ expectations, SUI stock opened to a new record high on February 20. In early trading, the stock had pushed past its previous high of $169.13 and was trading over $172 per share.  On February 18, the real estate investment trust (REIT) announced that it would be increasing its quarterly dividend by 5.3% for 2020.
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Concho Tries to Keep the Recovery Going
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| February 20th | 2020  1:00AM
Concho Tries to Keep the Recovery Going
Concho Resources (NYSE: CXO), the Texas-based energy company, was one of the top-performing stocks in the S&P 500 on Wednesday after the company released promising Q4 results before the session that sent the stock up almost 8%. Non-GAAP EPS comfortably beat analyst expectations as did revenue while the latter showed year on year growth of more than 16%.
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It’s Time To Buy Gold Stocks
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| February 20th | 2020  1:00AM
It’s Time To Buy Gold Stocks
Gold Prices Hit New Multi-Year High If you are watching gold prices and wondering if its a good time to buy gold stocks you’d be right. The gold price was one of the best-performing assets in 2019 and the outlook for 2020 is bullish. The World Gold Council Outlook 2020 report issued in January points out several factors that will continue to…
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Morgan Stanley: It's About Time Virgin Galactic (SPCE) Saw a Correction
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| February 20th | 2020  1:00AM
Morgan Stanley: It's About Time Virgin Galactic (SPCE) Saw a Correction
When a stock gains 310% in just three months, you know that someone's putting some real weight behind it. Even if the overall gains haven't been as pronounced as Tesla's, Virgin Galactic (NYSE: SPCE) has been on an upward tear, and some are already calling for a stock correction to come. One of the leading voices in that vein is none other than Morgan…
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