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Dow Jones suffers worst loss in six years

Gains in industrial and consumer discretionary stocks led advances on the S&P and the Dow . The Dow Jones industrial average closed at 24,912.77, an increase of 567 points, or 2.3 percent. USA stocks experienced their worst fall in more than six-years on Monday in what became a Wall Street plunge as all but two stocks closing in the red. Read More »

Experts urge calm during wild ride on Wall Street

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Japan's Nikkei 225 index plunged as much as 7.1 per cent but recovered some of those losses to close down 4.7 per cent at 21,610.24 on Tuesday. The pivotal gauge of S&P 500 volatility , the VIX, did come off nearly 20 points overnight but was still relatively elevated at 29.98 per cent. Read More »

Dow Opens Down 521 Points, but Drop Quickly Eases

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Often referred to as the Dow , the Dow Jones Industrial Average or DJIA, is the oldest and most watched indices in the world, according to Investopedia . After all, the global economy continues to grow strongly and corporate earnings are largely good. Rick Meckler, president of investment firm LibertyView Capital Management, said: "It's over in terms of the severe down move we've seen but reminds us that we're kind of in an aftershock phase". Read More »

Crude Oil Tumbles Along With Global Stocks

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Oil prices decline on Tuesday after the fall of global stock markets against the backdrop of the strengthening of the USA dollar. The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. Read More »

Global sell-off halted as U.S. stocks bounce back

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The White House moved to reassure markets after the Dow Jones Industrial Average index dropped by 1,175 points . United States stocks plunged in highly volatile trading on Monday, with the Dow recording its worst intraday decline in history and the S&P 500 slumping more than 4.0%. Read More »

Broadcom offers Qualcomm more money, breaking records with $145 billion bid

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As insane as it sounds, financial analysts believe the "appropriate" amount could reach as much as $10 billion if Qualcomm says yes to Broadcom's " best and final offer ", and then the transaction is torpedoed by regulatory agencies. He wants Qualcomm for its leading smartphone modem chip division, an example of what he has called a "franchise" that will continue to dominate. Broadcom says that its offer is premised on two conditions. Read More »

ESPN To Enter The Streaming Service Business With ESPN Plus

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Disney reported that total revenues in the final three months of 2017 rose 4% from a year earlier to $15.35 billion. It's even announced a name: ESPN Plus. But many sports fans might be left wondering what exactly they are paying an extra five dollars a month for. But such a timeline is quickly becoming a relic of the past. Read More »

SpaceX's Falcon Heavy rocket, the world's most powerful, soars into orbit

SpaceX is targeting a long, oval orbit around the sun for the Roadster that will take the auto as far out as Mars, and have it making laps for a billion years. A space-suited mannequin was strapped in the driver's seat, and the radio set to play a David Bowie soundtrack on a loop. Musk later revealed the third booster, brand new, missed the floating landing platform and slammed into the Atlantic at 300mph, scattering shrapnel all over the deck and knocking out two engines. Read More »

All major cryptocurrencies are crashing again and bitcoin is nearing $6000

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Bitcoin managed to hit a massive low, tallying its previous November 2017 price across all major exchanges. Lloyds Banking Group said over the weekend that it was banning customers from using credit cards to buy bitcoin . This decision by Lloyds and Virgin Money follows warnings by regulators and ministers in many other countries including the US, South Korea , China, Russia, India, Germany and France over the market. Read More »

Lloyds Bank bans use of credit cards to buy Bitcoin

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Its customers can still buy digital currencies with their debit cards, and: if you know how to buy cryptocurrencies , you know how to move money around onto your debit card. Those banks, in recent days, have announced they will ban their customers from using credit cards to purchase digital currencies. United Kingdom customers can use both their Barclays debit card and Barclaycard credit card to purchase cryptocurrency legitimately. Read More »

Global stocks extend selloff, Treasury yields retreat from near four-year highs

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USA 10-year Treasury yields fell away from 4-year highs at around 2.84 percent. The S&P 500 and the Dow had their worst week since January 2016 while the Nasdaq had its worst since early February 2016. The dollar index was up 0.5 percent at 89.55. The Standard & Poor's 500 index, the benchmark most professional investors use, lost 73 points, or 2.7 percent, to 2,686, on track for its biggest loss since June 2016. Read More »

Mayor: Super Bowl Parade 'most likely' Thursday

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Unexpectedly, the island's bars presenting the Super Bowl LII live were not as packed as they were a year ago when the Patriots' come-from-behind victory over the Atlanta Falcons occurred on Sunday. He hardly was a stopgap, though, and Pederson recognized that. The Eagles will be holding their Super Bowl parade on Thursday, beginning at 11 a.m. Read More »

SpaceX animation sets the scene for Falcon Heavy launch tomorrow

For the Falcon Heavy , SpaceX had to develop a way to strap the boosters together, as well as a way to detach the boosters from each other after launch. At a conference in July 2017, Musk announced why this massive spacecraft posed so many challenges over the years. The company is the only rocket builder in the world that safely returns first-stage rocket boosters back to Earth. Read More »

Trump says immigration deal may not be possible before DACA ends

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I am still hopeful, but I don't see this Congress and this President coming to an agreement that prevents the deportation of the Dreamers. Though Trump has repeatedly expressed an eagerness to broker major bipartisan legislation during his presidency, his rhetoric on the matter has lacked substantive follow-through. Read More »

Dow Jones has worst day in two years

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Central Time Friday. That's the biggest loss for the benchmark index since September 2016. Weak earnings from several giant USA companies including Exxon Mobil and Alphabet, Google's parent company, further dented investors' confidence. Read More »

200000 new USA jobs created in January

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Employment in food services and drinking places continued to trend up in January (+31,000). Over the last 12 months, construction employment has increased by 226,000, pointing to strong demand in that sector as both nonresidential and residential projects are developed. Read More »

EBay is dumping PayPal after 15 happy years together

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Additionally, eBay said that the deal with Adyen would save money for many sellers on the auction platform and provide more payment options. At the time, the two services seemed to be well-paired with eBay controlling the lion share of the online auction market while PayPal was the top player in online payment processing. Read More »

Amazon wades into health care, builds team

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While this new company would be for the companies' USA staff only, this is the first concrete move toward greater involvement in health care by the Internet giant. It's unclear whether this new company will function like an associated health plan made up of large employers, she said. There are numerous examples of how health care providers and payers have successfully bent the cost curve. Read More »

Jaitley meets President ahead of Union Budget

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The view emanates from the fact that this will be the finance minister's last chance to please the voters through a before 2019 general elections. The upcoming Budget 2018 is yet another opportunity for India to decisively push its digitalization strategy. Read More »

Volkswagen CEO says diesel fume tests on monkeys were "repulsive"

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In 2015, the U.S. Environmental Protection Agency ( EPA ) published findings that Volkswagen had programmed software in its diesel cars so that they would pass emissions tests despite not meeting environmental regulations. People for the Ethical Treatment of Animals wrote a letter to Matthias Müller, the chief executive of Volkswagen , protesting the use of monkeys for the tests. Read More »

Apple iPhone SE 2 Q2 2018 Release Date Unlikely, Says Analyst

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The enlarged capacity will be the outcome of a smaller logic board given manufacturing advancements. It's weird, since it's the best iPhone I've ever used. The most expensive phone in Apple's mass consumer lineup apparently did so horribly during the holiday season, the Cupertino firm is now reducing its production target by half. Read More »