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| US Secretary of Treasury Says He is Closely Following Financial Markets Treasury Secretary Steven Mnuchin said Tuesday the White House is closely following the turmoil in financial markets, but administration officials are not that concerned. "We're monitoring the situation," Mnuchin told CNBC while on his way to his testimony before the House Financial Services ...
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| Global financial market slump lowers oil prices by more than 1% Oil prices have dropped by more than 1% amid sliding global financial markets triggered by a deepening sell-off, continuing a recent trend. Wall Street witnessed the biggest intraday falls ever, as panic engulfed global markets. Brent crude futures dropped 71 cents, or 1.1%, trading at $66.91 per barrel, ...
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| Why Trump has little influence on rising or falling stocks WASHINGTON (AP) - For months, President Donald Trump boasted about having steered the U.S. stock markets to record high after record high. What a difference a few days can make. The sudden cratering of stock prices, rising bond rates and fierce volatility have been a stark reminder that Trump, like ...
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| What Was Really Behind the Stock Market Selloff? In financial markets, too much calm can breed disquiet. Many investors say that is what happened Monday, when long-successful bets on rising prices and low market volatility turned awry. While fears about inflation and rising bond yields have played a role, analysts say much of the equity-market slump ...
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| Maybe Stock Markets Aren't Immune To Bad Economic Policy After All The conventional wisdom regarding the recent stock market shellacking is that it's largely good news—a much needed correction fueled by a healthy dose of accelerating inflation and rising bond yields, but also accompanied by robust corporate profits and "a synchronized pick-up in global economic ...
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| Stock market slump sends investors flocking to safe-haven bonds LONDON (Reuters) - Euro zone government bond yields tumbled on Tuesday as a sell-off in world stock markets drove anxious investors into safe-haven debt markets. Bond yields across the bloc fell 3 to 5 basis points, after rising to multi-year highs in recent sessions on expectations strong growth and ...
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