Author: super@dmin
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Market Extra: Is the bottom in for the stock market after an ugly October?
It’s Wall Street’s version of an inquiry that might be fielded by a parent on a long car trip: Are we there yet? In this case, the there refers to the bottom of a stock market that had seen year-to-date gains for the Dow Jones Industrial Average DJIA, +1.79% and the S&P 500 index SPX,…
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Trump Today: Trump Today: President blasts Paul Ryan in dispute over birthright citizenship days before midterm elections
Getty Images President Donald Trump tweeted Wednesday that House Speaker Paul Ryan, right, should focus on the midterm elections, not birthright citizenship. President Donald Trump ripped House Speaker Paul Ryan for comments he made about birthright citizenship, as he claimed for the latest time that Republicans would do better at protecting people with pre-existing conditions,…
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Market Snapshot: Stocks rally in effort to finish an ugly October on an upbeat note
IStockphoto Facebook shares are on the move. Stocks surged Wednesday in a bid to close out an ugly October on a positive note as solid earnings from high-profile brands cheered investors and revived strong buying interest in equities. However, some strategists were uncertain if the rally heralded a more permanent attitude in the market or…
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CryptoWatch: Bitcoin trades higher on 10th birthday, still down 67% from all-time high
Bitcoin prices were trading marginally higher Wednesday, continuing what’s been a relatively quiet spell for the world’s largest and oldest cryptocurrency. A single bitcoin BTCUSD, +0.57% was last going for $6,321.84, up 0.7% since Tuesday’s level at 5 p.m. Eastern Time on the Kraken crypto exchange. Bitcoin has shed more than 50% year-to-date and is…
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Outside the Box: Are you saving too much for retirement?
Face it, some people are natural-born savers. Lucky folks. What about the rest? Well, maybe they live for the moment, had to learn the hard way, or perhaps they’re married to one of those supersaver types and are grateful to let their spouse keep the pocketbook in order. Amazingly enough, both groups can suffer from…
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Here’s what smart rich people really do with their nest egg
Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of…
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Project Syndicate: The hidden debt bomb that the Chinese have funded in emerging markets
CAMBRIDGE, Mass. (Project Syndicate) — Over the past 15 years, China has fueled one of the most dramatic and geographically far-reaching surges in official peacetime lending in history. More than 100 predominantly low-income countries have taken out Chinese loans to finance infrastructure projects, expand their productive capacity in mining or other primary commodities, or support…
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Economic Report: U.S. creates 227,000 private-sector jobs in October, ADP says
The numbers: ADP on Wednesday reported 227,000 new private-sector jobs in October. Economists polled by Econoday had expected 178,000 new jobs. The September total for jobs added was revised down from an initial 230,000 to 218,000, ADP said. What happened: Large businesses, meaning those with about 500 employees or more, led the way, as they…
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Key Words: Jamie Dimon: ‘I don’t really give a shit about bitcoin’
As bitcoin turns 10, one of its most notable skeptics has offered up, if reluctantly, further comment on digital currencies. Speaking at an Axios conference in Los Angeles on Tuesday, Jamie Dimon, the CEO and chairman of JPMorgan Chase & Co. JPM, +2.38% , was asked to weigh in once more on the world’s largest…
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Professional investors are snapping up Facebook and avoiding Amazon
If conventional wisdom is to be believed, the smart money is going loco by buying Facebook and Intel and not Amazon. Is it true? Let’s explore with the help of a chart. Read: Facebook earnings Chart Please click here for the chart of segmented money flows in 11 popular tech stocks. Please note the following:…