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Monthly Archives: December 2017

December consumer sentiment University of Michigan

Carl Juste | Miami Herald | Getty Images Johnathan Beauchamp, left, and daughter Alaya, 1, squeeze by fellow shoppers Diana Barrios, center, and husband Pablo Barrios, right, to shop at the ‘Toys R Us’ in Doral, Fla. U.S. consumer sentiment fell more than expected in the December mid-month reading, slipping …

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Bitcoin plunges below $12,000 on Coinbase as rout accelerates; now down 40 percent from record

Bitcoin plunged at the end of a rocky week, taking the digital currency briefly below $11,000 and down 44 percent from its record high hit Sunday. Bitcoin had rallied to a record high above $19,800 on Sunday and was trading near $15,500 for much of Thursday New York time, according …

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Trump promotes corporate bonuses after GOP tax plan passes

Jonathan Ernst | Reuters President Donald Trump speaks after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington, December 20, 2017. President Donald Trump on Friday cheered several corporations’ decisions to issue employee bonuses following the GOP’s passage of its tax …

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Bank stocks break out, could take sector to uncharted territory in 2018

Financials have surged 7 percent in the last month, and Todd Gordon of TradingAnalysis.com says they’ll continue to rally into 2018. According to Gordon, the current economic outlook seems to be in favor of bank stocks, thanks to recent moves in one area of the market: bonds. “Bonds are pressing …

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Catalonia election still means political crisis

Borja Sanchez-Trillo | Getty Images Pro-secessionist supporters react to election results for the Catalan National Assembly on December 21, 2017, in Barcelona, Spain. The outcome of regional elections in Catalonia Thursday have further complicated a Spanish political crisis, according to analysts, with one predicting that there is a high risk …

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Roche to buy US cancer drugmaker Ignyta for $1.7 billion

Gianluca Colla | Bloomberg | Getty Images The headquarters of Roche AG in Basel, Switzerland. Swiss drugmaker Roche will buy U.S. cancer drugmaker Ignyta Inc for $1.7 billion to broaden its oncology portfolio globally, the companies said on Friday. Roche would pay $27 per share for Ignyta, representing a premium …

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China debt for One Belt One Road raise concerns,says Brahma Chellaney

Buddhika Weerasinghe/Getty Images Cranes stand during the sunset at a construction site at the hotel complex construct by Chinese company on October 15, 2015 in Colombo, Sri Lanka. Beijing is financing and executing massive infrastructure projects across the 68 nations participating in the ambitious scheme, which snakes along Europe, the …

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In victory for Trump, judge tosses suit on foreign payments

Carlos Barria | Reuters President Donald Trump delivers a speech on tax reform legislation at the White House in Washington, U.S., December 13, 2017. A federal judge in New York on Thursday threw out a lawsuit claiming that President Donald Trump violated the U.S. Constitution by accepting foreign payments through …

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Dow could hit 25,000 by Christmas, say experts

Brendan McDermid | Reuters Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 30, 2017. Stocks ended higher Thursday after some companies announced they would increase wages and spend on new construction thanks to the savings from a lower corporate tax rate. …

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Former Catalan leader Puigdemont seen regaining regional leadership

Miquel Llop | NurPhoto | Getty Images Catalonia’s president in exile, Carles Puigdemont, in an interview in Brussels, Belgium, on December 15, 2017. Catalonia’s separatist leader Carles Puigdemont was on track to regain the leadership of Spain’s northeastern region after preliminary results showed a coalition of secessionist parties winning a …

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