Author: super@dmin
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How to save for your kids’ college education during stock market turbulence
Market volatility can be scary for a number of reasons, not least of which that it can cause ebbs and flows in what parents have set aside to help pay for their childrens’ college. On Wednesday, the Dow Jones Industrial Average DJIA, -3.15% plunged 831.83 points, or 3.2%, to 25,598.74; the S&P 500 SPX, -3.29%…
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Market Extra: Why the stock market tumbled Wednesday, ushering in its worst start to a quarter in about 2 years
It has been an ugly stretch for U.S. stocks, which was capped by Wednesday’s more-than-830-point tumble for the Dow Jones Industrial Average. To recap: The Dow DJIA, -3.15% and the S&P 500 index SPX, -3.29% booked their worst one-day slumps since Feb. 8, while the Nasdaq Composite Index COMP, -4.08% put in its worst single-session…
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The Wall Street Journal: HSBC pays $765 million to settle Justice Dept. probe into mortgage-backed securities
HSBC Holdings PLC HSBC, -0.76% will pay $765 million to settle Justice Department claims that it willfully covered up risks associated with residential-mortgage products in the run-up to the last housing-market downturn. Between 2005 and 2007, the bank placed defective mortgages into residential mortgage-backed securities it created and sold, the Justice Department alleged Tuesday.…
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Grow: Three simple investing principles to live by
With all the jargon, analysis and daily price fluctuations, investing can seem like an impossibly complex endeavor. But it doesn’t have to be. You can keep your investing style sweet and simple and still stand a greater chance of achieving your financial goals than if you’d stayed on the sidelines or tried to beat the market with active…
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Key Words: Michael Bloomberg, worried about ‘a constitutional threat,’ is a Democrat again
‘At key points in U.S. history, one of the two parties has served as a bulwark against those who threaten our Constitution. Two years ago at the Democratic Convention, I warned of those threats. Today, I have re-registered as a Democrat — I had been a member for most of my life — because we…
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Market Snapshot: Stock futures fall, S&P 500 could notch longest losing streak since November 2016
U.S. stock-index futures inched lower on Wednesday, suggesting the major indexes would extend their recent downtrend as investors continued to monitor a rise in bond yields and the implications it could have on equity prices. Where are the major benchmarks trading? Futures for the Dow Jones Industrial Average YMU9, -0.93% lost 29 points to 26,452.…
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Asia Markets: Hong Kong’s Hang Seng stock index manages first win of October
Asian stock markets were mixed Wednesday, with Hong Kong’s narrow advance notably its first finish in the green so far in October. Japan’s Nikkei NIK, +0.16% swung between small gains and losses before closing up nearly 0.2%. Auto makers stocks fell, including Toyota 7203, -0.38% down 0.4%, and Honda 7267, -0.50% off 0.5%.…
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CryptoWatch: Bitcoin needs a blessing from the SEC, says analyst
Bitcoin prices extended losses from Tuesday, trading back toward the recent inflection point of $6,500. In early Wednesday trading a single bitcoin, BTCUSD, -1.13% the world’s largest cryptocurrency, was changing hands at $6,515.45, down 1.2% since Tuesday at 5 p.m. Eastern Time on the Kraken crypto exchange. The total value of all cryptocurrencies remains above…
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Deep Dive: Here’s why you should expect more ‘beats’ during this earnings season
As we head into earnings season, investors can be forgiven for their cynicism about “earnings beats,” the series of breathless headlines about companies reporting results that come in ahead of analysts’ expectations. But there are also stocks for which analysts have been raising their price targets, and it might be worthwhile to take a closer…
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This bank fee has risen 53% over the last decade
We’ve all been there before: You need cash, but your bank doesn’t have an ATM nearby. But going to a rival bank’s ATM instead will cost consumers a pretty penny. Banks are now charging non-customers more than ever for using their ATMs, according to a new report from personal-finance website Bankrate.com US:RATE On average, ATM…