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Monthly Archives: July 2017

Here’s how one trader is playing more expected Dow records

The Dow Jones industrial average hit another intra-day all-time high on Monday, and one trader is betting on more gains ahead for the index. According to Todd Gordon of TradingAnalysis.com, the chart of the Dow-tracking ETF, the DIA, is showing signs of another breakout on the way, though the exact …

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DJ Khaled Narrowly Beats Imagine Dragons to No. 1

Photo DJ Khaled’s latest album, “Grateful,” which is stocked with appearances by A-list stars, debuted at No. 1 on the album chart. Credit Chad Batka for The New York Times This week on the music charts, DJ Khaled beat Imagine Dragons to No. 1, and Prince returns to the Top …

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Qatar standoff spells end of Gulf cooperation

Alessandro Bianchi | Reuters Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani attends a news conference in Rome, Italy, July 1, 2017. Even if Saudi Arabia and Qatar can patch up their differences, greater economic cooperation in the region appears unworkable. The kingdom and its allies have granted Doha two …

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Goldman Sachs says bitcoin could rise another 50%

Goldman Sachs is out with a call on bitcoin, and chart analyst Sheba Jafari expects the digital currency could rise as high as $3,915. That would be 52 percent above Monday’s price of about $2,567. “The market is in wave [four] of a sequence that started in the late-’10/early-’11 lows,” …

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Veronika Part of American Ballet Theater Announces Her Retirement

Photo Veronika Part in American Ballet Theater’s “Don Quixote,” at the Metropolitan Opera in May. She is to retire from the company at the end of this season. Credit Hiroyuki Ito for The New York Times Veronika Part, the Russian-born ballerina who has been a principal dancer with American Ballet …

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The oldest market indicator on Wall Street just flashed a buy signal

The stock market has been on a tear this year and more gains may be ahead, according to what some say is the oldest market indicator on Wall Street. The Dow Jones industrial and transportation averages hit all-time highs on Monday, confirming each other’s upside trends and triggering a “buy” …

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Putin-Trump relationship held back by sore losers and ‘fake news,’ says Russia

Alexander Nemenov | AFP | Getty Images Traditional Russian wooden nesting dolls, Matryoshka dolls, depicting US President-elect Donald Trump (L) and Russian President Vladimir Putin are seen at a gift shop in central Moscow on January 16, 2017 U.S. President Donald Trump and Russian President Vladimir Putin’s budding relationship has …

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Easy money ‘no longer politically acceptable’, Bank of America says

Central bank easing may no longer be politically correct. That’s what Bank of America Merrill Lynch’s widely-followed chief investment strategist, Michael Hartnett, says in a note. “Central banks have exacerbated inequality via Wall St. inflation & Main St. deflation; [it’s] no longer politically acceptable to stoke [the] Wall St. bubble,” …

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France’s Emmanuel Macron says could use referendum for institutional reforms

ERIC FEFERBERG | AFP | Getty Images French President Emmanuel Macron speaks during a special congress gathering both houses of parliament (National Assembly and Senate) in the palace of Versailles, outside Paris, on July 3, 2017. In a much-touted policy speech to both houses of parliament which was strong on …

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Steve Bannon is reportedly advocating for a tax hike on the wealthy

Andrew Harrer | Bloomberg | Getty Images Steve Bannon, chief strategist for U.S. President Donald Trump. Steve Bannon, a key player in President Donald Trump’s White House, has reportedly been advocating for a policy change that would disturb many Republicans — upping taxes on the rich — according to unnamed …

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