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President Trump to unveil new medicare plan

President Trump is teasing a major announcement tomorrow that will address is plan for reforming Medicare. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jessica Smith discuss outlook for his announcement, and President Trump’s impeachment inquiry. …read more […]

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GLOBAL MARKETS-Stocks fall to lowest in a month after U.S. manufacturing shock sparks growth worries

A major global share index hit its lowest level in a month on Wednesday on fears the fallout from the U.S.-China trade war is spreading to the U.S. economy and could further hurt global growth. The dollar steadied, having earlier been knocked off its highest levels in more than two years following data on Tuesday that showed a measure of U.S. manufacturing activity falling to its lowest in more than 10 years. A slowdown in U.S. economic growth would remove one of the few remaining bright spots in the global economy and come just as Europe is seen …read more […]

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3 “Strong Buy” Stocks Backed By Morgan Stanley

Tech stocks are doing great in 2019. In fact, according to Fidelity Investments, through the end of the third fiscal quarter 2019, “tech” stocks set the hottest pace of any sector in the market, rising 27% year to date, beating out consumer discretionary stocks (22%), industrials (21%), and real estate (20%), too.So how do you find the next hot tech stock to buy? One way might be to screen for stocks expected to grow their earnings strongly over the next five years, enjoying “strong buy” ratings from analysts in general, and endorsed by analysts at major investment banks in particular, …read more […]

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Wall Street set to open lower as manufacturing shock drags on

On the first day of the fourth quarter, the S&P 500 and Dow indexes recorded their sharpest slide in more than a month, wiping off their third-quarter gains. “What is hard to argue with is that the global manufacturing sector is now very much in a recession,” Deutsche Bank strategist Jim Reid wrote in a note. The Federal Reserve, which cut interest rates for the second time this year in September, indicated that it would rely on economic data to determine future rate cuts. …read more […]

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Market Morning: Economy Stalling, Libra Letdown, J&J Settles, Impeachment Heats Up

US Economy Stalling, But Economists Say That’s Fine According to the latest divinations by the nation’s mainstream economists, the economy may look like it’s stalling, but it’s really OK because the so-called “stall speed” of the economy has supposedly declined. Meaning, the US economy can continue to creep along very slowly without tipping into recession. […]The post Market Morning: Economy Stalling, Libra Letdown, J&J Settles, Impeachment Heats Up appeared first on Market Exclusive. …read more […]

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Data Gloom Hits Emerging Markets With Enough of Their Own Issues

(Bloomberg) — It’s not shaping up to be a very comfortable start to October. Although we’re only two days into the month, emerging-market assets of most shades were on the back foot again, and for once it was difficult to blame the trade war. This time, analysts pointed to poor manufacturing readings and weaker data across the developing world in general as reasons for the listlessness. There were plenty of idiosyncratic stories to dull the palate too, notably in South Korea, Turkey, Poland, Peru and Brazil.Biggest LoserSouth Korea’s won was the biggest loser in the foreign-exchange market after Pyongyang tested …read more […]

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Blackstone Is Warned Denmark Will Act on High Apartment Rents

(Bloomberg) — Denmark’s new left-wing government pledged tough laws to control housing costs and singled out Blackstone Group Inc. for “unsustainable” rental practices.Kaare Dybvad, the Danish housing minister, said Blackstone is “challenging” local legislation “where there are holes.” By taking advantage of those holes, the concern is that properties are being bought up and then rented out at prices that Danes are finding increasingly difficult to afford.Speaking in an interview in Copenhagen on Tuesday, Dybvad said that “it’s clear we need to do something about this.”“We’re not going to legislate around an individual firm, but the way this has been …read more […]

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Veteran investor Gilbert to leave Standard Life Aberdeen

Veteran investor Martin Gilbert will leave Standard Life Aberdeen next year, ending a career spanning more than three decades at the helm of one of Britain’s most successful asset managers. Gilbert oversaw the meteoric rise of Aberdeen Asset Management, the small company he co-founded in 1983 with just 50 million pounds in assets, to what became the country’s biggest listed fund firm at the time of its 11 billion pound merger with Standard Life in 2017. Touted as a strong tie-up of two of Scotland’s biggest financial services companies, Gilbert and Standard Life peer Keith Skeoch initially …read more […]

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Are Russia and Saudi Arabia Still Pumping Too Much Oil?

(Bloomberg) — This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s.OPEC’s oil production tumbled the most in 16 years last month after the worst-ever attack on Saudi Arabia’s energy infrastructure temporarily halved its output. Earlier in the summer, Russia’s Druzhba contamination crisis forced it to make sharp output cuts and U.S. financial sanctions on Iran remain in force.And yet, Brent crude has averaged around $66 a barrel for most of 2019, far from a price which suggests the world faces an oil shortage. As Russian …read more […]