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Monthly Archives: August 2019

AMD shares surge 14% after Google and Twitter sign on with EPYC chips

Lisa Su, president and chief executive officer of Advanced Micro Devices (AMD), holds a 3rd generation Ryzen desktop processor while speaking during a keynote session at the 2019 Consumer Electronics Show (CES) in Las Vegas, Jan. 9, 2019. David Paul Morris | Bloomberg | Getty Images Advanced Micro Devices jumped …

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Where to buy kid’s clothing

Pedestrians walk past a Gymboree store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Rachel Szylar, a stay-at-home mom of three kids in New Jersey, has shopped at now-bankrupted Gymboree and Children’s Place before. But this year, she’s planning to venture to big-box retailers Kohl’s, Target …

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‘No recovery in the iPhone business’

Justin Sullivan | Getty Images A veteran tech analyst just weighed in on Apple and he said don’t buy. Barclays hired Tim Long as its new IT hardware and communications managing director and while initiating coverage of the whole IT hardware and communications equipment sector, Long gave tech giant Apple …

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‘Defense is a haven again,’ buy while global uncertainty persists

Boeing’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg via Getty Images Buy aerospace and defense stocks amid global economic uncertainty and an ongoing trade war, J.P. Morgan said Thursday. The firm put out its monthly “Balance of Power” report focusing on good entry points into …

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US-China trade war is hurting farmers, but they’re sticking with Trump

Farmer John Duffy (L) and Roger Murphy load soybeans from a grain bin onto a truck before taking them to a grain elevator on June 13, 2018 in Dwight, Illinois. U.S. soybean futures plunged with renewed fears that China could hit U.S. soybeans with retaliatory tariffs if the Trump administration …

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Hedge funds betting against Amazon, Netflix stocks

Traders work on the floor of the New York Stock Exchange. Johannes Eisele | AFP | Getty Images Hedge funds are upping their bets against some of the biggest technology stocks. Investors added $1.7 billion to short-selling positions on Monday and Tuesday, according to estimates from Ihor Dusaniwsky, S3′s head …

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The Trump economy once drove interest rates rapidly higher, now they’re collapsing

The last time interest rates moved this rapidly and dramatically, Donald Trump had just been elected president, and the world saw the promise of faster economic growth and a long-anticipated pickup in price inflation. Interest rates, back in November, 2016 snapped higher in the six days after Trump won the …

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The direction of the US stock market is being determined by China’s currency right now

Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Wall Street is obsessed with the yuan right now. At 9:44 a.m. ET, the Chinese offshore currency hit an intraday low against the dollar. Merely two …

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Tom Steyer steps down from Clinton-linked think tank amid 2020 run

Tom Steyer Michael Brochstein | SOPA Images | LightRocket | Getty Images Billionaire Tom Steyer has resigned from the board of a think tank run by allies of Bill and Hillary Clinton, CNBC has learned. Neera Tanden, the CEO of the Center for American Progress (CAP) confirmed to CNBC that …

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Steepest drop in 10-year yield since S&P downgrade of US

Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2019 in New York City. T Spencer Platt | Getty Images News | Getty Images The 10-year Treasury yield is having its steepest drop since late-July to early-August 2011 — the days surrounding Standard & …

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