Author: super@dmin
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Futures Movers: Oil stalls at 2-month highs, about to close book on sharp January gain
Oil futures prices churn in little-changed trading Thursday to cap off a solid January that delivered a roughly 19% monthly gain for the commodity.
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Market Snapshot: Tech stocks set to rise a day after Fed’s dovish surprise
U.S. stocks on Thursday are poised to head modestly higher in the busiest day for this earnings season, after the Federal Reserve signaled that monetary-policy tightening would be on pause for the foreseeable future.
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Metals Stocks: Gold prices rise by 1% as Fed’s posture suggests rate hikes are on pause
Gold futures rise sharpy higher on Thursday after the Federal Reserve left interest-rates unchanged and employed language hinting at a momentary pause in monetary tightening — a bullish development for bullion prices.
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The Wall Street Journal: Suit alleges Goldman Sachs gained at expense of food client pursuing acquisition
Goldman Sachs Group Inc. put its own interests ahead of that of a corporate client in advising on a wholesale-food company acquisition last year, a new lawsuit alleges.
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Europe Markets: European markets respond positively to Fed announcement
Europe’s major markets were up on Thursday, after investors responded well after the U.S. Federal Reserve indicated it may be finished with rate increases for now.
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Outside the Box: The U.S. stock market is setting up to gain more than 15% from here in 2019
S&P 500 year-end target of 3100 looks achievable, writes Ed Yardeni.
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Fidelity’s average retirement account balances dropped — the reason why may surprise you
There are fewer ‘401(k) millionaires,’ but investors aren’t panicking.
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Asia Markets: Asian markets rise on welcome news from Fed and Chinese factories
Shares rose in Asia on Thursday after a survey of Chinese manufacturers showed factory activity improved slightly in December.
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Earnings Results: PayPal stock falls after outlook miss, but CEO says Venmo has hit a ‘significant transition point’
A few quarters ago, PayPal Holdings Inc.’s disclosures of its rapid Venmo volume growth came as somewhat of a mixed blessing, since the popular peer-to-peer payment service was a hefty source of losses for the company overall. Venmo still isn’t profitable, but the narrative around the service is starting to change.
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The Moneyist: My uncle’s caregiver raided his Social Security to pay for her car and cell phone
‘His shoes were held together by insulating tape — he said he didn’t have any money.’