Author: super@dmin
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Metals Stocks: Gold edges lower as dollar strengthens to 1 ½-year high
Gold prices on Monday were trading slightly lower as a popular gauge of the dollar strengthened to its highest level in more than 17 months, weighing on demand for the precious metal. December gold GCZ8, -0.24% was down 70 cents, or less than 0.1%, at $1,207.90 an ounce, after posting a weekly drop of 2%…
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Currencies: Italy, Brexit worries are a drag on European currencies as dollar rallies
Currency traders focused on major pairs early Monday, as developments surrounding Italy’s budget and Brexit pushed the euro and British pound down and gave way to a rallying U.S. dollar. Investors watched closely for the next moves made between Italy and the European Union, which weighed on the shared eurozone currency and dragged it to…
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Need to Know: ‘Trap door under the market’ could slash S&P 500 by two-thirds, warns fund manager
John Hussman is at it again. Of course, the fund manager’s detractors would be quick to tell you, he’s been at it again, wrongly, since the Dutch East India Company went public. OK, in his defense, it hasn’t been that long. And Hussman has earned some street cred along the way with some strong calls,…
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NerdWallet: The class of 2018 missed out on $2.6 billion in free money this year
This article is reprinted by permission from NerdWallet. High school graduates who didn’t complete a federal financial aid application missed their opportunity for part of $2.6 billion in free money for college, according to NerdWallet’s annual analysis of federal financial aid data. The money went unclaimed by 661,000 members of the Class of 2018 who were eligible…
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Credit.com: Credit card defaults are down, but debt levels are on the rise
Usually, a charge-off occurs when an individual doesn’t make payments – usually for six months. This is more than just a credit card status though. It affects your relationship with your credit card issuer, your general credit standing, your ability to get a credit card or loan approved and other credit-related services. How charge-offs happen: Once you’re…
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Asia Markets: Asian markets largely rally, making up from early losses
After a soft opening, Asian equities broadly turned higher Monday as the market looked to rebound from Friday’s weakness, although investors remained wary of lingering U.S.-China trade tensions and shaky oil prices. Japan’s Nikkei NIK, +0.16% made up early losses of almost 1% and was last up about 0.2%. Major exporters lost ground behind…
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Outside the Box: Companies should honor military service beyond Veterans Day
I’ve always revered those in the military. Growing up in India, I admired my grand uncle who served in the British Indian Army and trained at the Royal Military Academy. Even now, I proudly display his mementos of valor and great moral character at my home. Though many of my ancestors and relatives served in…
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Market Snapshot: Stock-market investors wrestle with a glut of bearish signs as oil prices plunge
What the heck happened to oil prices? But more significantly, what does it mean for the broader stock market and the global economy? That’s what has some Wall Street investors scratching their noggins, as crude futures and U.S. stocks staged a tandem tumble this week, just when investors thought the worst was over following a…
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The Tell: Argentina’s peso—fresh out of a crisis—is close to being overvalued, says B. of A.
Argentina’s peso is on its way to being overvalued, according to analysts from Bank of America Merrill Lynch. That is just a few months after the country contended with a financial crisis so severe that it walloped the peso and required a bailout from the International Monetary Fund. Now, Argentina’s currency is too pricey, BAML…
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London Markets: FTSE 100 ends lower as resource stocks, banks retrace gains
U.K. stocks finished the week on a downbeat note, unable to shake off global equity weakness Friday as investors brushed off a solid GDP growth report for the nation and sold bank and resource stocks that had performed well Thursday. How are markets performing? The FTSE 100 index UKX, -0.49% closed 0.5% lower at 7,105.34,…