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Monthly Archives: October 2018

US planning tariffs on remaining $257 billion in Chinese goods: report

AFP Contributor | AFP | Getty Images China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017.  The United States is preparing new tariffs against all remaining Chinese imports if trade talks between …

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Amazon suffers biggest two-day drop since 2014

Amazon shares closed down 6.3 percent on Monday suffered their steepest two-day tumble in more than four years, as investors continued to flee the stock following Thursday’s disappointing earnings report. The stock dropped $103.93 to $1,538.88 at the close, after losing $139.36, or 7.8 percent, on Friday, and is trading …

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US-China trade deal and market rally by year-end, predicts strategist

Qilai Shen | Bloomberg | Getty Images U.S. President Donald Trump, left, and Xi Jinping, China’s president, shake hands during a news conference at the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017. Trade tensions have been escalating between the U.S. and China, with each …

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Amazon is on pace for its biggest two-day drop since 2011

Amazon shares plunged 8 percent on Monday and were headed for their steepest two-day tumble in seven years, as investors continued to flee the stock following Thursday’s disappointing earnings report. The stock dropped $132.72 to $1,510.00, after losing $139.36, or 7.8 percent, on Friday, and is trading at its lowest …

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Britain to target online giants with new ‘Digital Services Tax’

David Paul Morris | Bloomberg | Getty Images Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018.  Britain said it would tax the revenue that online platforms such as Google, Facebook and Amazon make …

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The Federal Reserve could be dragging us into a recession

Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., Sept. 26, 2018.  The effective Federal Funds rate (the rate set by the Federal Reserve which is what banks …

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Ferrari’s influence is being felt all around Formula One — except on the track

Resul Rehimov | Anadolu Agency | Getty Images Kimi Raikkonen of Ferrari competes on track during the 4th round of Formula One World Championship Azerbaijan Grand Prix. It’s been nearly a decade since Ferrari last drove its way to a Formula One Drivers’ Championship, but the iconic Italian brand remains …

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Investigators search for clues in Lion Air’s Boeing jet crash

Jepayona Delita | Barcroft Media | Getty Images Members of a rescue team bring personal items and wreckage ashore at the port in Tanjung Priok, North Jakarta, Indonesia on October 29, 2018, after they were recovered from the sea where Lion Air flight JT 610 crashed off the north coast …

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Three options strategies for the week: Oct 29

The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw and Carter Worth recommend a call spread risk reversal in Apple Dan Nathan recommends a call calendar in Facebook Mike Khouw recommends a put spread in the S&P 500 ETF Trader disclosure: Mike Khouw …

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Apple event preview: new Macs, iPads expected

Stephen Lam | Reuters Tim Cook, CEO, holds an iPad Pro after his keynote address to Apple’s annual world wide developer conference (WWDC) in San Jose, California, U.S. June 5, 2017. Apple is expected to announce at least one new iPad Pro on Tuesday. The standard 9.7-inch iPad was refreshed …

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