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Sterling slips after BOE policymaker says Brexit uncertainty could mean a rate cut

Sterling slipped below $1.23 against the dollar after a Bank of England policymaker said the next move for the central bank could be a rate cut.  Speaking to local businesses in Northern England, Bank of England policymaker Michael Saunders said the U.K. could be looking at an interest rate cut …

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China, a top defense spender, becomes major arms exporter

Soldiers of People’s Liberation Army stand inside tanks at a drill during an organized media tour at a PLA engineering academy. Petar Kujundzic | Reuters Beijing has not only become a major defense spender, but increasingly analysts say China is also turning into a top arms exporter. Over the past …

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How much a $1,000 investment in McDonald’s 10 years ago would be worth

McDonald’s has recently upped its drive-thru tech, taken a stance on harassment in the workplace and partnered with delivery service GrubHub. As the company continues to reinvent itself, not only is it good for business, but it’s also proven to be a positive for longtime shareholders. If you invested in …

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How investors are responding to impeachment inquiry

Stocks so far are shrugging off risks that President Donald Trump could be impeached, but investors may be betting that if he is, the market will ultimately rally, the way it did in the Clinton era. On Tuesday, House Speaker Nancy Pelosi announced that the House would investigate impeaching Trump …

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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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India’s tax cut spurs questions about lost revenue, economic impact

Roadside barber Ranjit (R) shaves a customer’s beard under the flyover in Amritsar on September 22, 2019. Narinder Nanu | AFP | Getty Images India’s unexpected tax cut raises questions about how the government will make up for the lost revenue, one economist told CNBC on Monday. Indian Finance Minister …

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Stocks may be poised for dramatic surge, technical analysts say

Stocks have been grinding sideways, but once they breakout, the move to the upside could be powerful, technical analysts say. The S&P 500 has been edging closer to 3,028, its high from July 26, but it has backed off a number of times, creating a jagged seesaw pattern on August’s …

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Goldman Sachs says the market is about to get wild in October

Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images For investors taking a breather from the chaos in August, buckle up as the market is about to go …

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British Pound jumps after EU’s Juncker is optimistic about a Brexit deal

British pounds Matt Cardy | Getty Images The British pound jumped on Thursday after European Commission President Jean-Claude Juncker said he is confident a Brexit deal will get passed before the deadline. “I think we can have a deal,” Juncker said in an interview with Sky News. “I am doing …

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