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China stocks up food, oil as coronavirus spurs fears about shortages

A customer wearing face mask buys flour at a supermarket on May 12, 2020 in Taiyuan, Shanxi Province of China. Zhang Yun | China News Service | Getty Images China has been building up its food and energy stockpile this year, taking advantage of slumping crude oil prices even before …

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Not clear who’s in charge of health precautions at airports

A worker puts on a protective mask behind the United Airlines check-in counter at San Diego International Airport (SAN) in San Diego, California, on Monday, April 27, 2020. Bing Guan | Bloomberg via Getty Images Protecting air travelers and aviation workers from the coronavirus is a challenge unlike any other. …

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Stock market could go up 20%: Merrill Lynch’s Andy Sieg

The president of Merrill Lynch Wealth Management believes that Wall Street’s incredible 2019 performance is nowhere near the end of the longest and best-performing bull market ever. “The trend is your friend. We’re very bullish on the market right now,” Merrill Lynch’s Andy Sieg told CNBC on Thursday — predicting …

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Key level to watch as stock mounts comeback

Home Depot shares could be building toward a breakout. That’s TradingAnalysis.com founder Todd Gordon’s latest call on the home improvement retailer’s stock, which has lost steam in the month after its most recent earnings report as shareholders worried about margin pressures, tied in part to the company’s $11 billion “One …

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Credit card debt is worse for those with high income

Mark Wragg | Stockbyte | Getty Images Credit cards are a growing problem for everyone. Overall, Americans have $830 billion in credit card debt as of the second quarter of 2019, a 6% jump year over year, according to the most recent report from Experian. It is the second-fastest-growing type …

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History says big market drop investors feared is not likely

The Technology Select Sector ETF, the XLK, is up over 3.5% in the past week. The rally in technology stocks earned the sector another record high on Monday, and history suggests the winning streak will continue through the end of the year. Coming into December, many investors were fearful about …

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Jim Cramer’s ‘Mad Money’ recap & stock picks Dec. 13, 2019

CNBC’s Jim Cramer gave viewers a peek at the week of earnings reports. Later in the show the “Mad Money” host says Costco has a China problem, but it’s not the tariffs on imports from the country. Cramer’s look at the week ahead An initial United States-China trade agreement appears …

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Do these things first if you win $340 million Mega Millions jackpot

With the Mega Millions jackpot at $340 million, Friday the 13th might turn out to be someone’s ultra-lucky day. Heading into Friday night’s drawing, the top prize has been climbing for more than two months with no one matching all six numbers in the twice-weekly drawings. And while the odds …

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Chewy stock surges as online pet retailer brushes off lockup expiration

A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Chewy, the online pet retailer, gained more than 6% on Wednesday, as the …

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If you win the $340M Mega Millions jackpot, be ready for a big tax bill

The Mega Millions jackpot has climbed higher yet again. With no one hitting all six numbers on Tuesday, the top prize is an estimated $340 million for Friday night’s drawing. And while the odds are stacked against hitting the jackpot — your chance is 1 in about 302 million — …

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