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Stocks fall as sentiment dips on rate fears and yields rise

Investors cautious ahead of ECB meeting and US CPI data White House expects next inflation numbers to be high Crude hits 13-week high on rising US demand Global growth concerns sap investment sentiment NEW YORK, June 8 (Reuters) – U.S. and European stocks fell on Wednesday as prospects for a rate hike dampened sentiment, while …

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Amazon stock split could lure retail traders in tough market

Amazon’s logo is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes/Files Join now for FREE unlimited access to Reuters.com Register NEW YORK, June 6 (Reuters) – Amazon (AMZN.O) the stock split may bring some comfort to shareholders who have seen the e-commerce giant’s shares battered this year. …

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Asian stocks are buoyed by US futures, oil climbs

A man walks past a screen displaying a graph showing recent average movements in Nikkei stock outside a brokerage in Tokyo, Japan, December 30, 2020. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Nikkei adds 0.3%, S&P 500 futures rise 0.4% Euro hits 7-year high against yen ahead of …

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Dimon says he’s bracing for US economic ‘hurricane’ due to inflation

June 1 (Reuters) – Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co (JPM.N) described the challenges facing the US economy as a “hurricane” on the road and urged the Federal Reserve to take strong action to avoid tipping the world’s largest economy into a recession. Dimon’s comments come a day after President …

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Stocks squeeze slim gains, dollar climbs as inflation soars

The European STOXX 600 up 0.3% Banks and auto stocks gain Wall Street poised to reflect advances The dollar climbs to its highest in two weeks against the yen LONDON/SINGAPORE, June 1 (Reuters) – European stocks posted small gains on Wednesday as the dollar strengthened as investors worried about soaring inflation and the hit to …

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Zero-COVID, big money: China’s anti-virus spending boosts medicine, tech and construction

BEIJING, May 30 (Reuters) – China’s “zero-COVID” policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has hit much of the country’s economy, but it has created growth bubbles in the medical, technology and construction sectors. The Chinese government, alone among major countries to have pledged to eradicate …

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Wall St. Week ahead: Stock market rally fueled by hopes the Fed will ‘pass its peak of hawkishness’

NEW YORK, May 27 (Reuters) – Bad news could be good news for Wall Street again, as fans hope the Federal Reserve won’t need to tighten policy as much as expected. Home sales fell for a third consecutive month, while big misses from retail giants such as Target Corp (TGT.N) and Walmart Inc. (WMT.N) rocked …

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Global stock markets rally, Treasury yields fall on inflation data

US consumer spending rises, rising inflation slows Wall Street rallies and ends a weekly losing streak Treasury yields fall Brent oil rises $2 NEW YORK, May 27 (Reuters) – Global markets enjoyed a broad-based rally on Friday as the yield on benchmark U.S. Treasuries fell after data showed U.S. consumer spending rose in April and …

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Alibaba suspends advice due to COVID risks; Resilient Q4 raises stock

The Alibaba Group logo is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter Join now for FREE unlimited access to Reuters.com Register Fourth-quarter adjusted profit of 7.95 yuan/share vs. estimate of 7.31 yuan/share Fourth-quarter revenue up 9% to 204.05 billion yuan from an estimate of 199.25 billion yuan Analysts say Q4 …

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