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Finance

Fed Chair Powell says economy will make back most of shutdown effect

Saul Loeb | AFP | Getty Images Federal Reserve Board Chairman Jerome Powell arrives to speak at a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019. Federal Reserve Chairman Jerome Powell said Wednesday afternoon that the American economy will recover most …

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After long slump, ‘this could be gold’s year’

Gold prices are hitting eight-month highs, thanks to investors looking for an alternative to stock market volatility. Prices are also being supported by a weaker dollar and buying by global central bankers and Asian jewelry buyers. Gold futures closed above the key $1,300 per troy ounce this week, and the …

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Apple, Facebook have better chance than Amazon of beating expectations

If history is a guide, there’s a very good chance Apple’s earnings will be better than expected when it reports Tuesday afternoon, but the stock may not perform all that well. Bespoke Finance Group studied three FANG-related stocks reporting earnings this week and found that Facebook has the best track …

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JP Morgan says market is about to hit critical levels

For investors pondering if January’s comeback is a revival of the bull market or just a bounce before the coming bear, the market is about to tell them, according to J.P. Morgan’s chart analyst. The market is still not out of the woods yet even after the S&P 500 rebounded …

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China fintech companies find new opportunities in small business loans

Matthias Doering | Bloomberg | Getty Images An Alipay digital payment app logo and smartphone sit on a desktop at the Wirecard AG headquarters in Munich, Germany, on Wednesday, Sept. 5, 2018. China’s push to encourage lending to smaller companies has created a business opportunity for large financial technology companies. …

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Stocks could be in for a sharper decline as Apple, big tech firms report

Some technical strategists who say the S&P 500 could fall further, see a drop of 5 percent as a possibility with the S&P dipping to a support level of around 2,500. But some analysts, like Keon, say more than declining, it would not be surprising if the market becomes locked …

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Whirlpool, AK Steel, Sanmina and more

Daniel Acker | Bloomberg | Getty Images An employee works on a Whirlpool washing machine at the company’s operations plant in Clyde, Ohio. AK Steel shares jumped more than 10 percent after hours, earning back its loses from the trading session. The stock was downgraded by Morgan Stanley earlier on …

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These stocks can be the next blowups on China slowdown after Caterpillar and Nvidia

Vincent Isore/IP3 | Getty Images SHANGHAI, CHINA – FEBRUARY 23: The Chinese flag floats before the skyscrapers of multinational corporations on February 23, 2018 in Shanghai, China. Another two major U.S. companies blamed China for weaker earnings — construction machinery giant Caterpillar and chipmaker Nvidia — and their shares both …

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Natural gas tumbles on warmer February forecast, after brutal cold snap

Robert Nickelsberg | Getty Images A floor crew pull steel pipe out of a natural gas well in the Barnett Shale of Fort Worth, Texas that is owned by Chesapeake Energy Corporation. Natural gas prices fell sharply Monday, as weather forecasts for February show more normal and even warmer-than-normal temperatures …

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Caterpillar, Tesla, Vale & more

Spencer Platt | Getty Images News | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) the morning after Donald Trump won a major upset in the presidential election on November 9, 2016 in New York City. Check out the companies making headlines midday Monday: …

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