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News & Updates
August 14, 2014 Biotechs lift Wall Street; Dow back in black for 2014Source: The Economic Times
NEW YORK: US stocks ended higher on Wednesday, with the Dow Jones industrial average returning to positive territory for the year, as surging biotech shares helped investors shrug off disappointing retail sales data.
August 14, 2014 U.S. Stocks Push Into Positive Territory for Year
NASDAQ - European stocks rose, with the îStoxxî Europe 600 index up 0.2%. The British pound fell to a more-than-two-month low against the U.S. dollar Wednesday, hit by disappointing labor figures and a dovish...
August 13, 2014 Consumer confidence surges in July
USA Today - Consumer confidence is soaring on the strength of a warming job market, climbing to its highest level in almost seven years, îthe Conference Boardî said Tuesday. Its Consumer Confidence Index reached 90.9...
August 13, 2014 World Awash in Oil Shields Markets From 2008 Price ShockSource: Bloomberg
Fighting across Iraq, Libya, Ukraine and Gaza, and an accelerating economy, should mean higher oil prices. Yet crude is falling. Six years ago, oil soared to a record $147 a barrel as tension mounted over Iran’s nuclear program...
Derivatives that helped inflate the 2007 credit bubble are being remade for a new generation. JPMorgan Chase & Co. is offering a swap contract tied to a speculative-grade loan index that makes it easier for investors to wager on...
Tech Zone 360 - (î3BL Mediaî Via Acquire Media NewsEdge) by Sangeeta HaindlSOURCE: Justmeans DESCRIPTION:The London Stock Exchange (LSE) is one of the worldâs oldest stock exchanges. It can trace its history...
Brent crude extended losses for a third straight session, dropping below $104 a barrel on Tuesday as fresh unrest on the streets of Baghdad was seen as posing little threat to the OPEC producer's oil output.
August 12, 2014 U.S. stocks gain as geopolitical fears subside; Dow rises 0.10%
The Jerusalem Post - European indices, meanwhile, ended the day higher. After the close of European trade, the DJ Euro îStoxxî 50 rose 1.43%, France''s CAC 40 rose 1.20%, while Germany''s DAX rose 1.90%. Meanwhile, in...
August 12, 2014 U.S. watchdog calls bitcoin 'Wild West' of financeSource: Reuters
Virtual currencies such as bitcoin are the "Wild West" of financial products because of risks including huge swings in exchange rates, the U.S. Consumer Financial Protection Bureau said on Monday.
August 12, 2014 Kansas runs afoul of the SEC over pensionsSource: CNN Money
The commission says the state's public employees' retirement system committed securities fraud by not telling investors how underfunded the pensions of its 155,000 workers were. Kansas joins New Jersey and Illinois in having been...
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