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Profits expected to fall as earnings season kicks off in week ahead

Shipping containers at the Port of Seattle. Patti Domm | CNBC The third-quarter earnings season kicks off in the coming week, and it is likely to expose how much the trade war has cost companies’ bottom lines. First out of the gate are major banks and financial companies, with J.P. …

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Sterling rises following ‘constructive’ Brexit talks

Britain’s Secretary of State for Exiting the European Union Stephen Barclay (L) shakes hands with European Union chief Brexit negotiator Michel Barnier before their meeting at the European Commission headquarters in Brussels, on October 11, 2019. FRANCISCO SECO | AFP | Getty Images Last-ditch talks between the chief Brexit negotiators …

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Government spending, revenue amid US-China trade war

A man sets up a Malaysian flag outside his shop in Kuala Lumpur. Jimin Lai | AFP | Getty Images Malaysia’s government will outline its spending plans for next year on Friday — and analysts said the country may spend more than it had earlier intended to prop up the …

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SAP CEO Bill McDermott to step down, pre-announces earnings

Bill McDermott Anjali Sundaram | CNBC SAP said on Thursday that Bill McDermott is stepping down as CEO after more than nine years running the German software company. Board members Jennifer Morgan and Christian Klein have been appointed co-CEOs effective immediately, SAP said in a statement. McDermott, 58, will stay …

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It’s been a crazy 12 hours for US-China trade news — here’s what we know

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 30, 2019. Brendan McDermid | Reuters Investors’ heads have been left spinning over the past 12 hours after a slew of conflicting headlines related to the U.S.-China trade talks sent stock futures for …

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Turkish President Erdogan confirms military operation in northern Syria has begun

A Syrian boy watches as Turkish military vehicles, part of a US military convoy, take part in joint patrol in the Syrian village of al-Hashisha on the outskirts of Tal Abyad town along the border with Turkey, on October 4, 2019. Delil Souleiman | AFP | Getty Images Turkey has …

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Chinese tourism growth slows as overseas travel loses its luster

XIAOSHAN AIRPORT, HANGZHOU, ZHEJIANG PROVINCE, CHINA: An outbound tourist group is waiting for check-in in front of the counter of China Customs. Chinese nationals have become the largest number of foreign tourists visiting other countries in 2015 as the number of outbound visitors crossed 120 million, registering an 11 million …

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Dow, S&P 500 will try to snap a 3-week slide as trade talks kick off

Stocks will try to regain their mojo next week as China and the U.S. hold long-awaited trade negotiations in Washington. The Dow Jones Industrial Average dropped 0.9% this week while the S&P 500 slid about 0.3%. Overall, the two averages posted their first three-week losing streak since August. Wall Street’s …

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Credit Suisse calls this sluggish economy — a ‘semi-recession’

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Investors and economists are chasing a moving target of strong and weak economic data, making it increasingly confusing what the state of the economy really is. Credit Suisse said weak manufacturing data accompanied by healthy …

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Dow drops to start Q4, but market history says it is for the bulls

Recession red flags are weighing on the stock market, and if you go back a year, fourth quarter 2018 was a painful one for investors. But there is at least one historical reason to remain positive on stocks as the year’s final quarter starts: It’s been the quarter with the …

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