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Archive for the ‘Entrepreneur’ Category

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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China fears and global growth doubts grip markets

23 Aug

A trader works inside a booth on the floor of the New York Stock ExchangeMarkets will be watching for China’s next move as signs of a slowdown in the world’s second-largest economy stack up, raising expectations it will act to stoke growth. A looming snap election in Greece and a closely watched conference hosted by the Federal Reserve in the United States are also likely to keep investors on their toes next week, in particular as they look for hints on when the U.S. will raise interest rates. Fears that Chinese growth is weakening, dragging down the global economy with it, are already hammering commodities and world stock markets.

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Emerging market worries prompt selloff, but bulls remain

22 Aug

Investors talk in front of an electronic board showing stock information at a brokerage house in BeijingBy David Randall NEW YORK (Reuters) – The steep selloff that pushed down the benchmark Standard & Poor’s 500 index five percent over three days may say more about the outlook for emerging markets than U.S. companies in the fourth quarter, fund managers and analysts say. China’s economic slowdown, recessions in Latin American countries such as Brazil and Chile, and a breakdown in commodity prices – combined with a thinly-traded market as many investors become more focused on tide charts than trading terminals – are prompting traders to overlook improving U.S. economic data, said Alan Gayle, portfolio manager at RidgeWorth Investments. “There’s a great deal of nervousness around the weakness in China, and that’s overshadowing the fact that the U.S. economy is sound and the European Union economy is firming,” he said.

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Stocks rout continues for fourth straight day

21 Aug

A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New YorkThe Dow Jones industrial average and the S&P were poised for their sharpest weekly fall since November 2011. The Nasdaq was on track for its steepest weekly fall since August 2011. Apple fell 3.2 percent to $109 as investors continued to fret over its prospects in China, a key growth market for the iPhone maker.

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Wall Street slumps as weak Chinese data adds to growth fears

21 Aug

A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New YorkThe Dow Jones industrial average was poised to for its sharpest weekly fall since November, 2011. The Nasdaq composite and the S&P 500 were on track for their steepest weekly fall since May 2012. Disney , a Dow component, slumped 2.5 percent to $98.51 after a Cowen and Company price target cut.

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