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One energy stock is set to soar, according to a top technical analyst

One energy stock is set to soar, according to a top technical analyst

After a blockbuster start to the year, energy stocks have been range-bound. But one top technical analyst says a group within the sector is poised to charge higher. Oil refinery stocks look particularly well-positioned, according to Ari Wald, head of technical analysis at Oppenheimer. He gushed about one refiner within the group, Andeavor, in a…
Manafort and Mueller agree to ditch appeal of civil case hours before criminal trial

Manafort and Mueller agree to ditch appeal of civil case hours before criminal trial

Andrew Harrer | Bloomberg | Getty Images Paul Manafort, former campaign manager for Donald Trump, walks out of the U.S. Courthouse after a bond hearing in Washington, D.C., Nov. 6, 2017. President Donald Trump's ex-campaign chairman Paul Manafort reached an agreement Monday evening with special counsel Robert Mueller and Deputy Attorney General Rod Rosenstein to…
The US may retaliate against Palestinians leading a major UN group, expert warns

The US may retaliate against Palestinians leading a major UN group, expert warns

Some experts were critical of whether the Palestinian leadership of the G-77 would significantly advance the group's cause. They said the decision was more of a public display of support for Palestinians and the conflict still faced significant challenges going forward. There are two main barriers to successful negotiations between the Israelis and Palestinians, said…
BP profit surges as it hikes dividends for first time since 2014

BP profit surges as it hikes dividends for first time since 2014

BP's profit surged in the second quarter of 2018 and the oil giant hiked its dividend for the first time in four years. Underlying replacement cost (RC) profit, a proxy for net income, for the second quarter was $2.8 billion, quadruple the figure for the same period in 2017 and exceeding forecasts of $2.7 billion,…
New US spending in Asia won’t match China but it’s significant in other ways

New US spending in Asia won’t match China but it’s significant in other ways

Still, Pompeo's announcement, coming ahead of his trip to Southeast Asia, carries political clout in a region dominated by Chinese funds. It signals "that smaller countries drawn to China's economic outreach can rely on the United States," analysts at intelligence firm Statfor said in a note. "At this stage it is difficult to see this…
Starbucks is reportedly teaming up with Alibaba to deliver coffee in China

Starbucks is reportedly teaming up with Alibaba to deliver coffee in China

Starbucks is teaming up with Alibaba's food delivery unit, Ele.me, to deliver coffee and snacks to Chinese consumers later this year, the Wall Street Journal reported on Monday. The deal is set to be announced later in the week, the Journal said, citing people with knowledge of the tie-up between the two companies. Ele.me will…
Japan’s central bank keeps monetary policy steady

Japan’s central bank keeps monetary policy steady

Japan's central bank on Tuesday kept its policy steady as widely expected. The big news out of the central bank is that it would make its policy framework more flexible for the long-term yield target. The BOJ maintained its target for the 10-year government bond yield at around zero percent and the short-term interest rate…
Treasury contemplates how to cut another $100 billion in taxes, mainly benefiting the rich

Treasury contemplates how to cut another $100 billion in taxes, mainly benefiting the rich

Win McNamee | Getty Images Treasury Secretary Steven Mnuchin answers questions from the media outside the White House June 27, 2018 in Washington, DC. The wealthy could be in line for a substantial tax cut, if the Trump administration gets its way. The Treasury Department is considering bypassing Congress to cut $100 billion in taxes,…
Stocks making the biggest moves after hours: AK Steel, Texas Roadhouse and more

Stocks making the biggest moves after hours: AK Steel, Texas Roadhouse and more

Check out the companies making headlines after the bell: AK Steel plummeted more than 8 percent during after-hours trading on Monday, after missing second quarter earnings estimates. The company reported earnings of 18 cents per share, missing Wall Street estimates of 20 cents. Its reported revenues were in line with expectations at $1.75 billion for…
Dimon says the president’s tax cut and other efforts have ‘accelerated growth’

Dimon says the president’s tax cut and other efforts have ‘accelerated growth’

J.P. Morgan Chase CEO Jamie Dimon said Monday that President Donald Trump's tax cuts, along with some of his other efforts, have helped out the U.S. economy. "Presidents get a lot of credit [and] a lot of blame for things they didn't do, but the president has done things which accelerated growth," Dimon told CNBC's…

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RED OCTOBER: Amazon, Google, and Snap are plunging and taking global...

LONDON — Stocks are sinking, again, after disappointing earnings reports from US tech giants Amazon, Google and Snap weighed on an already gloomy global sentiment in markets this week. US stocks have been having a rocky "red October," with catalysts ranging from fears about a China trade war, the Fed raising interest rates, and a…

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