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Monthly Archives: June 2019

People are buying up the asset class that loves trade wars, central bank easing and volatility

Akos Stiller | Bloomberg | Getty Images Fear about slowing growth and the prospect of lower interest rates have been pushing the price of gold higher. But analysts say the metal may be nearing the top of its run for now, and whether it continues to gain depends on whether …

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FBI tested Bigfoot hair in 1970s, government documents show

Photo shows what former rodeo rider Roger Patterson said is the American version of the Abominable Snowman. He said pictures of the creature, estimated at 7 1/2 feet tall, were taken northeast of Eureka, California. Bettmann | Getty Images Yeti persisted. An Oregon man intent on proving the existence of …

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Tesla outpacing EV competitors as May demand surprises analysts

Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images) David Butow | Corbis News | Getty Images A key metric for Tesla’s sales bounced back in the spring after a disappointing first quarter, but the company will need consistent …

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There’s a drawback to the Fed rate cut the market so craves

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 30, 2019. Brendan McDermid | Reuters Traders are begging the Federal Reserve for several rate cuts this year to salvage an economy they see set to slow significantly because of worsening trade disputes. …

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Bernie Sanders take Walmart fight to annual shareholder meeting

Sen. Bernie Sanders took his crusade against Walmart to the mammoth retailer’s annual meeting Wednesday, backing a push to give workers a spot on the company board. The Vermont independent stopped in Bentonville, Arkansas, in the heat of the 2020 Democratic presidential primary to show support for Walmart’s hourly associates. …

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This is why Walmart and Target are thriving, other retailers aren’t

Customers browse wine for sale at a Costco store in San Francisco in December 2018. Bloomberg | Bloomberg | Getty Images It’s been a train wreck for many retail stocks over the past few weeks, but some companies have still managed to pull ahead. And this one statistic could explain …

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FANG stocks flashing danger signal for the entire stock market

Fear of increased government scrutiny has pushed the most popular stocks of this bull market into a precarious chart pattern, which could signal more pain ahead for the group and the rest of the stock market. A chart analyst at Bank of America Merrill Lynch tracked the performance of the …

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Pivotal earnings Q1 2020

Pivotal Software CEO Rob Mee. Source: Pivotal Software Pivotal Software shares crashed on Wednesday, knocking off about half the company’s market value, after a light revenue forecast raised concerns that demand for its products is weakening. The stock plunged as much as 45% to a low of $10.10, pulling its market …

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Economy not as bad as Wednesday’s ADP private payrolls report suggests

ADP’s shockingly bad payroll data released on Wednesday may be overstated. Economists say ADP’s monthly report does not always line up with the government jobs report, and so far they have not pared back expectations for Friday’s government nonfarm payrolls data for May. However, some warn that Refinitiv’s consensus forecast …

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The possible cost to Apple’s stock from tariffs, antitrust regulation

Apple CEO Tim Cook speaks during the Time 100 Summit event on April 23, 2019, in New York. Don Emmert | AFP | Getty Images Apple is facing two major threats to its bottom line in the form of tariffs and antitrust regulations and Morgan Stanley on Wednesday broke down what …

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