Aug 10 – A look at the day ahead from Danilo Masoni. China’s central bank has set the record straight by ruling out “flood-like” stimulus. That dented hopes for more aggressive policy easing just as Wall Street banks cut their growth forecasts on the world’s No. 2 economy. That stance and rising COVID-19 cases curbed risk appetite in Asia, and […]
Read more* Focus shifts to U.S. CPI data due on Wednesday * Spot gold may revisit Monday low of $1,684.37/oz – technicals * Silver rebounds from an eight-month low hit on Monday * Gold to remain under pressure in the near term – analyst (Updates prices) Aug 10 (Reuters) – Gold on Tuesday rebounded from sharp sell-offs in the last two […]
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Futures fell across the board for the U.S. broad markets on Monday night as concerns are mounting around the delta variant of the coronavirus. Despite markets pulling back, Cathie Wood’s ARK Invest funds had a strong showing on Monday. ARKW performed the best out of the group, up 2% on the day, while ARKX lagged the rest of the group, […]
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Check out the companies making headlines after the bell on Monday. Kansas City Southern — The railway holding company is up 6.2% amid reports that Canadian Pacific Railway is planning to make an increased offer on it of $300 per share in a cash-and-stock deal. People familiar with the situation confirmed the offer to CNBC Monday. AMC Entertainment — AMC's […]
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NEW YORK (Reuters) – The U.S. dollar edged up on Monday to touch the highest in more than two weeks against a basket of currencies, buoyed by upbeat U.S. data, even as traders kept a close watch on the spread of COVID-19 cases in the United States.FILE PHOTO: An employee counts U.S. dollar bills at a money exchange in central […]
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NEW YORK (Reuters) -Oil prices fell about 3% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.FILE PHOTO: Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June […]
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New York (CNN Business)Berkshire Hathaway, the massive conglomerate run by billionaire Warren Buffett, posted a nearly $50 billion net loss in the first quarter — the biggest loss ever for the storied company. Berkshire, which owns companies including Geico auto insurer, Burlington Northern Santa Fe railroad, Dairy Queen, Duracell and many other financial, industrial and consumer firms, has been hit […]
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WASHINGTON (Reuters) -As the U.S. Senate on Monday got closer to passing a $1 trillion infrastructure bill, Democrats released details of the expected $3.5 trillion companion bill addressing social spending and immigration that they aim to turn to next.FILE PHOTO: The exterior of the US Capitol is seen as Senators work to advance the bipartisan infrastructure bill in Washington, U.S., […]
Read moreKABUL (Reuters) – Afghan commandoes launched a counter-attack on Monday to try to beat back Taliban fighters who overran the northern city of Kunduz a day earlier, with residents fleeing the conflict describing the almost constant sound of gunfire and explosions. Kunduz was one of at least three provincial capitals seized by the insurgents in the north over the weekend, […]
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