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Monthly Archives: September 2019

China’s the world’s biggest buyer of soybeans and copper. Its commodities appetite is still growing

This photo taken on July 19, 2018 shows a worker loading sacks of animal feed made from soybeans at the Hopefull Grain and Oil Group in Sanhe, in China’s northern Hebei province. The company is currently using soybeans imported from Brazil, after recently changing from U.S. soybeans. Greg Baker | …

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Saudis are exporting less crude to the world market, shipping data shows

An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia. Ahmed Jadallah | Reuters Saudi Arabia’s oil exports are down by about as much as an average 1.5 million barrels a day since its state run oil company was …

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What Happened to the Stock Market Tuesday: Impeachment, NFLX, JPM drop

Dow Jones Industrial Average falls 142 points The Dow dropped 142.22 points, or 0.5% to 26,807.77 on Tuesday. The S&P 500 slid 0.8% to 2966.60. The Nasdaq Composite fell 1.46% to 7993.63. Tuesday marked the worst day for the S&P 500 and Nasdaq in a month. Trump impeachment fears Stocks …

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Bitcoin crashes 15% to below $8,000 for first time since June

Omar Marques | LightRocket | Getty Images Bitcoin plunged to its lowest level since June on Tuesday. The world’s most popular cryptocurrency fell as much as 15% to a low of $7,944.33, according to industry site CoinDesk. That marks bitcoin’s lowest level in four months, and first time below $8,000 …

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S&P 500 drops the most in a month on Trump impeachment concerns

Stocks were whipsawed on Tuesday by worries about President Donald Trump’s political future. The S&P 500 dropped 0.8%, its biggest one-day drop since Aug. 23. The Nasdaq Composite also had its worst day in a month, dropping 1.5%. The Dow Jones Industrial Average closed 140 points lower, 0.5% after falling more …

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When Netflix shares drop this fast, the next move is usually higher

The only price dropping as fast as new streaming subscription deals from Disney and Apple is the stock price of streaming giant Netflix. But there’s reason to believe the next trading move in Netflix could be a short-term rally, according to a CNBC analysis of hedge fund analytics tool Kensho. …

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Artist displays 440 pairs of high heels for women murdered in Turkey in 2018

FILE PHOTO: An art installation by Turkish artist Vahit Tuna with 440 pairs of high heels, the number of women murdered by men in Turkey in 2018, symbolizing the victims of domestic violence, is pictured in Istanbul, Turkey, September 11, 2019. REUTERS/Mesude Bulbul ISTANBUL (Reuters) – Turkish artist Vahit Tuna …

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SoftBank has a multi-million-dollar protection in WeWork’s IPO

Investors like SoftBank have an obscure protection that will grant them hundreds of millions in shares if WeWork’s IPO value is lower than they bought in at in the private market. The fine print is known as a ratchet, and speaks to the opaque nature of private markets and sky-high …

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Trump’s tweets on the Fed and tariffs also are impacting gold prices

President Donald Trump’s active Twitter feed reverberates across multiple topics, apparently including the price of gold. Though he has basically never directly tweeted about the yellow metal, his indictments of the Federal Reserve as well as the ongoing updates about the U.S. tariff dispute with China and trade in general …

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Long-lost Italian painting could fetch $6 million at French auction

PARIS (Reuters) – A long-lost painting by a 13th century Italian master discovered in the kitchen of an elderly French woman has been valued at up to six million euros and will be sold at auction next month. The painting “Christ Mocked” (C), a long-lost masterpiece by Florentine Renaissance artist …

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