Author: super@dmin
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Nasdaq profit falls as costs rise
Profit at Nasdaq Inc. NDAQ, +0.79% slid from the comparable quarter a year ago as revenue fell slightly and operating expenses increased. The trading platform company reported a third-quarter profit of $163 million, down 4.1% from the same quarter in 2017. Earnings per share were 97 cents down from $1. Adjusted earnings were $1.15 a…
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The Fed could be wrong about inflation and rate hikes
Some Fed officials have signaled in the weeks since the September FOMC meeting that the economy may be so strong that they might have to raise the federal funds rate higher than they had mentioned doing. That would be unfortunate, given how well they’ve prepared the financial markets for a federal funds rate raised to…
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Market Snapshot: Dow futures drop 220 points as stock market extends rout
U.S. stock futures Wednesday fell anew, putting the S&P 500 in position for a sixth decline in a row, as concerns about rising corporate costs and a global economic slowdown buffeted Wall Street. Investors also were set to digest a fresh round of earnings reports in a busy week for quarterly corporate results. How did…
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Credit.com: Don’t buy a new car without these documents in hand
You’ve done your research, checked your credit reports to make sure they’re accurate, and you’re ready to get serious about buying a car. You feel more than ready to sign on the dotted line and drive home in your new ride. It could happen. Or, you could drive home in your old vehicle, kicking yourself…
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Asia Markets: Asia stocks falter, unable to build on late comeback in U.S. markets
Stocks in Asia were mostly lower early Wednesday, with China stocks weak again and Japan’s Nikkei also turning lower following an upbeat opening. Chinese stocks seesawed in early going. The Shanghai Composite SHCOMP, +0.39% was down 0.4% after falling 2.3% Tuesday. Smaller-cap stocks in Shenzhen 399106, +0.03% were also modestly lower. The energy…
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The Wall Street Journal: Trump says Fed Chairman Powell ‘almost looks like he’s happy raising interest rates’
President Trump escalated his attacks on Federal Reserve Chairman Jerome Powell, saying the head of the nation’s central bank threatens U.S. economic growth and appears to enjoy raising interest rates. In an interview Tuesday with the Wall Street Journal, Trump acknowledged the independence the Fed has long enjoyed in setting economic policy, while also making…
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Market Extra: China investors fear too much stock is being used as collateral, a big market drag
As stocks in China plumb new lows, global investors can be forgiven for feeling some jitters as they recall the ripples sent through global financial markets by the country’s steep selloff in 2015. One factor that made that plunge worse, analysts recall, was forced selling by traders who loaded up on leverage, pushing margin debt…
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What Whitbread’s planned sale of Costa Coffee to Coca-Cola means
U.K. leisure group Whitbread is set to sell Costa Coffee chain to U.S. soft-drinks maker Coca-Cola for roughly £4bn (or $5.2 billion). With 4,000 stores in 32 countries, Costa is the second-largest coffee shop in the world after Starbucks.The deal allows Coca-Cola Inc. KO, +0.85% to diversify away from fizzy and sugary drinks and expand…
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The Tell: U.S. labor market has a bigger impact on Europe’s auto makers than tariff spats, says Morningstar
The U.S. unemployment rate could have a bigger impact on European car makers than a possible change in price because of President Trump’s threat to impose 25% tariffs on them, according to a new report from Morningstar. The equity research team found that for every percentage point change in real, new auto consumer-price index (CPI)…
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The New York Post: The first thing the Mega Millions winner should do, according to the guy who runs the lottery
The head of the Mega Millions on Monday revealed the very first thing the potential winner of the game’s historic $1.6 billion jackpot should do: Sign the ticket and keep a low profile. The simple yet sage advice came from Gordon Medenica, the game’s lead director and director of the Maryland lottery. “Sign the ticket!…