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Bank stocks take investors to the cleaners
It’s no surprise energy stocks are in a world of hurt — that’s what happens when oil is this cheap. But seeing bank stocks fall apart is the latest chapter in the unfolding sell-off, and a much scarier...
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Dow jumps 314 as oil has best day in 7 years
U.S. stocks rallied in a big way Friday, getting a lift from an explosive rally in oil and some good news in the beleaguered banking sector. The Dow Jones industrials snapped a five-day losing streak,...
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Pandora shares bounce after Q4 earnings miss and sale report
Pandora shares fell more than 6% after the Net radio provider posted a net loss the fourth quarter and fiscal 2015. Pandora (P) shares fell 6.5% to $8.50 in after-hours trading Thursday. Earlier in the...
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Global markets rally as Japanese stocks surge 7% on extra stimulus hopes
European and Asian markets rallied Monday as Japanese stocks surged after dismal growth data raised hopes of extra stimulus from Tokyo. Japan’s Nikkei 225 index rebounded from a 5% dive last week to...
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Fed minutes could shed light on rate hikes
Federal Reserve Chair Janet Yellen signaled this past week the central bank will be reluctant to raise interest rates next month if global economic troubles and the punishing slide in markets don’t...
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HSBC warns of bumpy outlook as 2015 profit dips
HSBC warned of a “bumpier” global financial outlook thanks to China’s slowing economy, as it reported Monday that profit dipped slightly last year. Europe’s biggest bank posted a net profit of $13.5...
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IRS audit rates of large corporations hit 10-year low
Large U.S. corporations had a good tax-filing season in 2015. Firms with at least $10 million in assets faced the lowest IRS audit rates in at least a decade as the tax agency coped with staffing...
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Apple says iPhone ID change prevented data access
The ID passcode to the iPhone the FBI wants Apple to hack for information about one of the San Bernardino, Calif., terrorists was changed less than a day after the government gained possession of it,...
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HTC to start preorders on $799 Vive VR Feb. 29
A year after first showcasing its Vive virtual reality system at Mobile World Congress, HTC, in partnership with Valve, announced the consumer version of the system at this year’s event. It will cost...
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Valeant Pharmaceuticals share plunge
Shares of embattled drugmaker Valeant Pharmaceuticals International International (VRX) nosedived Monday amid a report late Monday that the Canada-based company would restate some of its financial...
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Profit, economic recovery key to stock rally
Stocks kicked off the week in rally mode, building on its best week of the year. But for the bounce after a bruising start to the year to be sustainable, Wall Street pros say earnings growth has to...
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Allergan earnings top Wall Street forecasts
Shares of Allergan (AGN), the pending merger partner of U.S. pharmaceutical giant Pfizer, rose Monday after the Ireland-based company reported fourth-quarter earnings that topped Wall Street forecasts....
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Business leaders call for Britain to stay in EU
The bosses of some of Britain’s biggest companies on Tuesday warned that an exit from the European Union could threaten jobs and put the economy at risk. Around 200 individuals, including the CEOs of...
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Stocks tumble after big rally as oil falls sharply
After its recent hot streak, the Dow Jones industrial average cooled off Tuesday as stocks tumbled amid a renewed slump in oil prices and a still uncertain outlook for global growth and U.S. corporate...
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JPMorgan strikes bullish tone even as oil woes rise
In the latest sign of a divided economy, JPMorgan Chase CEO Jamie Dimon gave an impassioned speech Tuesday about how U.S. consumers are “winners” of the current economy, even as the bank warned of...
View ArticleViacom may sell “significant” minority stake in Paramount Pictures
Viacom said Tuesday it may sell a “significant” minority stake in Paramount Pictures, seeking to generate funds amid volatility in its cable TV business and responding to shareholder calls to unload...
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Durable goods orders rebound in Jan.; weekly jobless claims bump up
Orders to U.S. companies for long-lasting manufactured goods advanced in January at the strongest pace in 10 months. Moreover, a key category that tracks business investment surged by the largest...
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Chinese stocks plunge more than 6%
China’s Shanghai composite index plunged more than 6% Thursday — its biggest one-day drop in a month — amid ongoing fears about the health of the world’s second largest economy. The benchmark dived...
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Earnings push Salesforce shares higher
Shares of Salesforce.com are climbing in early trading, while new details surfaced on Apple’s next, smaller screen iPhone. Salesforce.com. The cloud computing company raised revenue guidance for the...
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Google is killing yet another rival
If there was a survival guide for technology companies in 2016 – one rule would be to never get in the way of Google’s parent company Alphabet (GOOGL). Just ask investors in Bankrate. Shares of...
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