Author: super@dmin
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Bond Report: Haven demand pulls down Treasury yields as China sparks global stock-market selloff
U.S. Treasury prices rose Tuesday, pulling down yields, on an apparent flight to safety as a renewed Chinese stock market rout sparked global equity weakness. What are yields doing? The yield on the 10-year Treasury note TMUBMUSD10Y, -2.21% fell 4.7 basis points to 3.141%, while the 2-year Treasury note yield TMUBMUSD02Y, -1.43% declined 2.9 basis…
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Would you be prepared if the Dow Jones Industrial Average were to fall 5,700 points?
To those who have not been investing for a long time, the prospect of the Dow Jones Industrial Average falling 5,700 points in one day may seem ridiculous. But is it? On Black Monday, 31 years from last Friday, the Dow Jones Industrial Average DJIA, -0.50% fell about 23%. If the same percentage drop were…
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American Express and Amazon partner on small-business credit card—is it worth it?
American Express AXP, -2.08% and Amazon AMZN, +1.43% are offering a new credit card for small businesses designed to alleviate some of the cash flow problems business owners can encounter. The Amazon Business American Express Card launches Tuesday and offers special rewards for purchases made on Amazon.com, Amazon Business, Amazon Web Services and at Whole…
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Currencies: Turkish lira weakens anew; Haven currencies gain on rising political tensions
Getty Images Haven currencies like the Japanese yen gained on Tuesday as tensions across the globe pushed investors to assets perceived as safe. On Tuesday, Turkey’s president asserted that the killing of journalist Jamal Khashoggi was premeditated by the Saudi Arabian government, market participants are also awaiting a decision by the European Union on Italy’s…
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Futures Movers: Oil lower as traders focus on Saudi pledge to play ‘responsible role’ in market
Oil futures fell Tuesday, with traders focusing on Saudi Arabia’s pledge to play a “responsible role” in energy markets despite international criticism over the killing of dissident journalist Jamal Khashoggi. A China-led global equity rout was also seen weighing on sentiment, putting pressure on assets perceived as risky, including most commodities. U.S. stock-index futures pointed…
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In One Chart: What’s more volatile than bitcoin? You may be surprised
Day traders looking to make a quick buck buying and selling bitcoin might be better off switching lanes as volatility in the world’s largest digital currency continues to decline. In fact, volatility in the No.1 virtual currency is now below some of the biggest and most popular stocks on Wall Street. According to data from…
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The Wall Street Journal: SoftBank CEO becomes latest to cancel attendance at Saudi Arabia conference following Khashoggi death
RIYADH—SoftBank Group Corp.’s Chief Executive Masayoshi Son on Tuesday became the highest profile executive to cancel a speaking engagement at a major investment conference in Saudi Arabia following the death of a journalist who was critical of the Kingdom’s royal family. In the past two weeks dozens of executives and government officials have canceled plans…
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Asia Markets: Asia stocks retreat broadly Tuesday after strong gains a day earlier
Stocks in Asia were broadly weaker early Tuesday following a China-led rally Monday in many markets. Mainland China stocks were modestly lower, holding up better than most in the region. Shanghai SHCOMP, -0.81% was about 0.4% lower, while the Shenzhen 399106, -0.69% was off Indexes in Japan NIK, -2.19% , Hong Kong HSI, -1.58% ,…
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The Tell: Stock-market investors are suffering from ‘post traumatic volatility disorder’, says Credit Suisse analyst
Credit Suisse’s Jonathan Golub says an upsurge in volatility may be feeding on itself, leading to further wobbles in a market that was on the verge of busting higher just weeks ago. In a research report distributed Monday called “U.S. Equity Strategy: Post Traumatic Volatility Disorder,” Golub says a resurgence of volatility is under way…
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Cannabis Watch: Marijuana stocks fall in worst-ever day for the sector
Marijuana stocks suffered broad and sharp losses Monday, and were headed for their worst five-session skid in over eight months as full-legalization in Canada appears to have taken the shine off the sector despite early indications of strong demand. The ETFMG Alternative Harvest exchange-traded fund MJ, -9.36% tumbled 9.4% by the close, with 28 of…