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Monthly Archives: October 2018

US trade deficit keeps going up despite tariffs

Feature China | Barcroft Media | Getty Images Soybean meal in a dockyard in Nantong in east China’s Jiangsu province Monday, Aug. 06, 2018. Amid an ongoing tariff battle with its global partners, the U.S. saw its trade deficit continue to widen as soybean exports plunged by $1 billion in …

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Netflix is down 15% from its high, and there could be more pain ahead

Netflix has fallen more than 15 percent from its recent high, and that has one former bull changing his tune on the stock. TradingAnalysis.com founder Todd Gordon had previously seen a breakout coming for the streaming giant into its earnings report later this month, but the trader is now reversing …

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Tesla shares drop more than 5% after Musk mocks SEC on Twitter

David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors, speaks during an event at the company’s headquarters in Palo Alto, California. Tesla shares dropped more than 5 percent percent Friday morning, a day after CEO Elon Musk sent out a tweet …

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Here’s where the jobs are — in one chart

Michael Nagle | Bloomberg | Getty Images A man walks along Wall Street as a taxi turns a corner near the New York Stock Exchange in New York, on Monday, June 11, 2018. The professional and business services industry led job gains for the month of September, besting laggards like …

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Snap shares rally after CEO Evan Spiegel targets profitability in 2019

Getty Images Snapchat co-founders Bobby Murphy (l) and Evan Spiegel (c) ring the opening bell on March 2, 2017, as NYSE President Thomas Farley looks on. Snap shares rallied sharply Friday morning after it was revealed that chief executive Evan Spiegel said in a memorandum sent to employees he wants …

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Markets must not mistake Brazil’s presidential contenders as pro-business

EVARISTO SA | AFP | Getty Images Brazilian right-wing presidential candidate Jair Bolsonaro speaks to supporters during a campaign rally in the district of Ceilandia in Brasilia, on September 5, 2018. – Brazil will hold presidential elections on October 7. Last week, Brazil’s leading presidential candidate asked his economic advisor …

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FANG stocks plummet from their highs, but one may be near a bottom

FANG got wrecked this week. Facebook, Amazon, Netflix, and Google parent Alphabet plummeted on Thursday, compounding weakness that has plagued the broader tech space. At least one of those names could have hit a bottom, according to Matt Maley, equity strategist at Miller Tabak. “The stock that I think could …

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Italian government announces ‘brave and responsible’ budget plan

Simona Granati | Corbis | Corbis News | Getty Images ROME, ITALY – OCTOBER 02: Minister Luigi Di Maio during the Press conference of Movimento 5 Stelle and Lega for the presentation of proposals for constitutional reform and decrease in the number of parliamentarians on October 2, 2018 in Rome, …

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We ‘made mistakes’ over top exec appearing at Kavanaugh hearing

REUTERS/Jim Bourg Facebook policy head Joel Kaplan (circled) listens to testimony of Brett Kavanaugh before a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., September 27, 2018.  Facebook has admitted it “made mistakes” after a top executive was seen attending Judge Brett Kavanaugh’s congressional hearing, reportedly prompting …

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Stocks making the biggest moves after hours: Tesla, Costco and more

FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. Check out the companies making headlines after the bell: Tesla stock dipped 2 percent in the extended session following a tweet …

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