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‘Chernobyl-like’ response by China means ‘worst is yet to come’ for coronavirus, Raymond James says

As the coronavirus outbreak rages on, Raymond James said China’s delayed response is inciting comparisons to the Soviet Union’s response to the Chernobyl nuclear disaster, and that things could get worse in terms of economic and market impact. China’s “slow reaction and continued unanswered questions appear to be sowing real …

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What Beyond Meat, WeWork teach us about IPOs of next decade

Having a diverse board — including a mix of genders and ages — has been found to correlate to strong returns (race/ethnicity is challenging to collect and assure in a uniform way so that is not included). Lyft had the highest board gender diversity at 30%, the target level for …

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Consumer data, inflation index, more earnings

Here are the most important things to know about Friday before you hit the door. 1. Consumer data We’ll get consumer spending and personal income economic data on Friday. Consumer spending data will come out at 8:30 a.m. from the Commerce Department. Economists polled by Dow Jones are expecting a …

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Congress approves major changes to how you save for retirement

The biggest legislative changes to America’s retirement system in 13 years are on their way. On Thursday, the U.S. Senate approved a spending bill that includes the bipartisan Secure Act, which aims to increase the ranks of retirement savers and the amount they put away. The measure — which passed …

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Here’s why the stock market is ignoring Trump’s impeachment by the House

President Donald Trump hosts a Merry Christmas Rally at the Kellogg Arena on December 18, 2019 in Battle Creek, Michigan. Scott Olson | Getty Images Markets are shrugging off the impeachment of President Donald Trump because he is not expected to be removed from office, and there should be no …

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Tesla, GM and others hyped up self-driving and electric vehicles

Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images In October 2016, Tesla CEO Elon Musk made a bold promise: One of the company’s vehicle’s would drive itself from Los Angeles to New York by the end of 2017 in what he …

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Energy stocks (XLE) show signs of life, but don’t buy yet: Trader

This year’s worst-performing sector looks like it’s getting an energy boost. S&P 500 energy stocks, tracked in part by the Energy Select Sector SPDR Fund (XLE), have charged 3% higher in the last week, a somewhat encouraging sign of life for a group that’s up just 6% for the year, …

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New rules will allow parents to take $5,000 penalty-free from 401(k)s

Parents may have a new source of money to tap to help with any expenses tied to adding a new child to the family. This week, the Senate is expected to pass a $1.4 trillion spending deal that, among other provisions, contains retirement legislation known as the SECURE Act. The …

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Facebook stock needs to clear this level to kick off next rally: Chart

Facebook has stalled this month. Shares of the social network remain largely flat in December even as the broader market has risen nearly 2%. The stock appears to be in a holding pattern after surging 55% on the year. It may need to clear one critical technical level before it’s …

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Millennial investors in California are fleeing to these 3 tax havens

Millennial investors residing in California are packing their bags for friendlier tax climes. That was one of the findings from a recent analysis by financial services firm Wealthfront. The company studied more than 200,000 clients, defining millennials as those born between 1980 and 1994. Half of the young clients who …

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