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Wall St. dips as September rate hike back on the table

31 Aug

Traders work on the floor of the New York Stock Exchange shortly before the closing bell in New YorkU.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to raise interest rates gradually, Fischer said at the global central banking conference in Jackson Hole, Wyoming. Fischer’s remarks suggest the Fed could look beyond a week of stock market turmoil brought on by persistent fears that China’s economy is faltering.

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Focus turns to U.S. data as China slowdown looms

29 Aug

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New YorkAfter a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market’s recent wild swings. The economic figures will culminate in Friday’s jobs report that should reveal more about the strength of the U.S. economy. Car sales, construction spending, the Federal Reserve’s “beige book” and jobs growth may show the economy is strong enough to withstand the first rate hike in nearly a decade from the Federal Reserve, despite worries about a hard landing for China’s economy.

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The Upside of a Downturn in Silicon Valley

28 Aug

Venture capitalists may actually welcome some of the consequences of leaner times, which could lower costs, decrease competition and toughen up start-ups.

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Wall Street opens lower as investors wary after hectic week

28 Aug

Traders work on the floor of the New York Stock Exchange shortly before the closing bell in New York“A lot of investors are looking for markets to calm down and are rebalancing their portfolios before going into the weekend,” said Jeff Carbone, co-founder and managing partner of Cornerstone Financial Partners.

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Wall Street extends gains, helped by GDP data

27 Aug

Trader looks at stock prices on a screen while working on the floor of the New York Stock Exchange shortly before the closing bell in New YorkWhile strong data points to increased chances of an interest rate hike in September, some investors said the recent volatility in markets triggered by fears of slowing growth in China could force the U.S. Federal Reserve to hold back on a rate increase next month. A rate hike could put a stop to easy money that has helped fuel global markets in the past few years. Kansas City Federal Reserve President Esther George, who has been arguing for a near-term U.S. rate hike, said the Fed should now take a “wait and see” approach to hiking rates due to market volatility and China’s economic slowdown.

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Wall Street opens sharply higher following goods data

26 Aug

A screen displays the Dow Jones Industrial Average as a trader passes by on the floor after the closing bell at the New York Stock ExchangeApple rose 4 percent to give the biggest boost to the S&P and the Nasdaq. Adding to the positive tone on Wednesday, a European Central Bank official indicated that the ECB could provide further monetary support should falling commodity prices put the bank’s inflation target at increased risk. The stronger durable goods data improved the case for a U.S. interest rate increase in September.

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Small Food Businesses Tap Into Changing Appetites

25 Aug

New food companies are giving the big food brands a run for the money as shoppers reach for small-batch products.

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Wall Street rebounds sharply after global market rout

25 Aug

Traders exit the trading floor after the closing bell at the New York Stock ExchangeMarkets also got a shot of good news with China’s second interest rate cut in two months, but analysts stopped short of declaring that the worst was over. “What we need to see to calm investors is positive economic data points out of China and only when we see that will the rallies be sustainable,” said Xavier Smith, investment director at Centre Asset Management. All the three major Wall Street indexes were up more than 2 percent, with tech stocks and banks leading the way.

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Big Investors Are Finding Ripe Start-Up Targets in Europe

24 Aug

Venture capital, private equity and other big investors are increasingly finding technology start-up investment targets in Europe.

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Wall Street in free-fall; all three indexes in correction

24 Aug

Traders work on the floor of the New York Stock ExchangeThe Dow has never lost more than 800 points in a day. Futures on the Nasdaq, S&P and Dow indexes were halted briefly before the market opened after hitting a circuit breaker, a step taken by exchanges to reduce volatility and give investors time to assess information. With Monday’s selloff, the S&P 500 index and the Nasdaq composite slipped into correction mode, joining the Dow, which slid into correction territory on Friday.

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