Dow Erases Big Gains as Clock Ticks on Government Shutdown, US-China Trade Negotiations

The U.S. stock market traded mixed-to-lower on Monday, as the Dow and other major indexes gave back gains amid high-stakes trade negotiations between the United States and China. DOW SWINGS LOWER The Dow Jones Industrial Average opened 136 points higher on Monday and was up by as much as 190 points through the early morning. The gains, which reflected a strong pre-market session for Dow futures, quickly evaporated as investors braced for a big week. At the time of writing, the blue-chip index was down 18 points, or 0.1%, at…

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China Injects Record $83 Billion to Counter Economic Decline

China’s economy is facing some of its toughest challenges in years. On Wednesday, a day after several Chinese government institutions vowed further stimulus to aid its financial sector, the People’s Bank Of China injected a net $83 billion (560 billion yuan) into open market operations via reverse repo operations — to counter its declining economy. The post China Injects Record $83 Billion to Counter Economic Decline appeared first on CCN

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Call of Duty Publisher Activision’s Shares Fall on Destiny Departure

Activision Blizzard shares dropped nearly 10% on Friday after the leading video game publisher announced a split with “Destiny” creator Bungie. The “Call of Duty” and “World of Warcraft” publisher has handed back publishing rights for first-person shooter game “Destiny” to Bungie. The split has been filed with the Securities and Exchange Commission. Bungie will The post Call of Duty Publisher Activision’s Shares Fall on Destiny Departure appeared first on CCN

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Government Shutdown, Trade War Have Doubled Risk of Economic Recession

Despite a recent stock market rally that has seen the Dow Jones Industrial Average rally back toward 24,000, economists are warning that the partial government shutdown and other factors have put the United States economy at its greatest risk of plunging into a recession in more than half a decade. US Recession Grows More Likely The post Government Shutdown, Trade War Have Doubled Risk of Economic Recession appeared first on CCN

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Dow Rally Plows Ahead as China Trade Optimism Grows

Stock indices including the Dow traded higher after Wednesday’s open and were on track for their fourth consecutive daily advance, as sentiment around U.S.-China trade negotiations improved following the conclusion of mid-level talks in Beijing. Recovery Continues All of Wall Street’s major indexes were holding onto firm gains as of mid-morning, with the Dow Jones The post Dow Rally Plows Ahead as China Trade Optimism Grows appeared first on CCN

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BP Finds a Billion Barrels of Oil, Analysts Say Shares are a ‘Buy’

Using advanced technology, BP has discovered new oil reserves in the Gulf of Mexico. Many analysts are showing confidence in the stock and Goldman Sachs has reissued its “buy” rating for BP shares. BP Finds New Oil in Thunder Horse Fields Revealed today, BP has found 1 billion more barrels of crude oil at an The post BP Finds a Billion Barrels of Oil, Analysts Say Shares are a ‘Buy’ appeared first on CCN

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Dow Eyes Shaky Monday as US-China Trade Talks Ramp up

Dow Jones Industrial Average futures mostly traded sideways on Monday morning, as the US stock market waited to see whether renewed negotiations between the world’s two largest economies would bring an end to the US-China trade war. Dow, S&P 500 Teeter as World’s Largest Economies Meet for Trade Talks At 8:19 am ET, Dow futures The post Dow Eyes Shaky Monday as US-China Trade Talks Ramp up appeared first on CCN

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Fred Wilson: Crypto Bottom Close But Not a ‘Safe Haven’ for Stock Market Downturn

Legendary venture capitalist Fred Wilson says 2019 might be a “doozy,” leading investors to be cautious. Cryptocurrency markets won’t be a “safe haven” amidst global uncertainty but: “There will be signs of life in crypto land in 2019.” Wilson believes the U.S will see a change in presidents this coming year. This will affect the … Continued The post Fred Wilson: Crypto Bottom Close But Not a ‘Safe Haven’ for Stock Market Downturn appeared first on CCN

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