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| Here's why the stock market is taking the Trump tariffs so hard Domestic U.S. steel prices were already up 20% since the beginning of the year in anticipation of possible tariffs, said Andrew Hunter, U.S. economist at Capital Economics, in a note. That's a big potential drag on steel consumers in the machinery, motor vehicle and construction industries, he said, ...
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| Valley National Bancorp to Present at 2018 RBC Capital Markets Financial Institutions Conference WAYNE, N.J., March 2, 2018 /PRNewswire/ -- Valley National Bancorp (NYSE: VLY) announced today its management will provide a presentation at the upcoming 2018 RBC Capital Markets Financial Institutions Conference on March 6th, 2018, beginning at approximately 1:20 PM ET. Valley National ...
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| Bank of England chief slams cryptocurrencies; urges action He listed a series of concerns, including money laundering, terrorism financing and tax evasion. The Bank of England's Financial Policy Committee, which monitors risks in financial markets, is currently carrying out a study into the risks posed to U.K. financial stability by cryptocurrencies.
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| The Dow has "plunged" 1100 points in 3 days: Here's who's lost money This certainly has been a year of "firsts" for the stock market and iconic Dow Jones industrial average (DJINDICES: ^DJI). Last month, investors witnessed the first stock market correction in roughly two years, as well as two huge single-day point declines in the Dow. On Feb. 2, the Dow dipped almost 666 ...
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| Stock rout goes global after Dow's worst single-day point drop President Trump — who made what many White House veterans considered the rookie mistake of repeatedly boasting about the peppy stock market — now owns the largest-ever single-day point plunge for the Dow Jones Industrial Average (and worst percentage drop — 4.1% — for the S&P in more ...
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Stocks Mixed as Market Shrugs Off Trump, Fed Fears: Markets Wrap "It's debatable how much of the fall today and this week have been due to the tariffs versus Powell's commentary about the stronger economy and the potential of us having four rate hikes," said Jeff James, a portfolio manager at Driehaus Capital Management. "The market is looking ahead like, are four ...
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| Wall Street Breakfast: World Markets Sharply Lower Following Trump's Tariff Announcement Japan's stock market was Asia's worst performer in today's trade, with the Nikkei tumbling 2.5% and just three of the index's 225 stocks ending with gains; Honda (NYSE:HMC) and Toyota (NYSE:TM) fell by a respective 3.8% and 2.3%. All other Asian markets also fell, with declines of more than 1% in ...
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| Markets Right Now: Stocks open lower, tariff worries linger ... steel and aluminum, which investors feared could lead to retaliation by other countries and higher inflation. (Richard Drew, File/Associated Press). By Associated Press By Associated Press. Business. March 2 at 9:43 AM. NEW YORK — The latest on developments in financial markets (all times local):.
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| Surprise Second Term for South Korea Central Bank Chief Seen Promoting Continuity SEOUL (Reuters) - South Korea's government surprised the market on Friday by reappointing central bank chief Lee Ju-yeol for another term, a move that economists said should reinforce ... Domestic financial markets were closed for the day when the announcement of Lee's reappointment was made.
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| Apple, Intel Dive On Dow As Trump Tariffs Take Down Stock Market SPDR Dow Jones Industrial Average (DIA) dived 2%, PowerShares QQQ Trust (QQQ) tumbled 1.9% and SPDR S&P 500 (SPY) gave up 1.7% in the stock market today. Emerging markets fared better as iShares MSCI Emerging Markets (EEM) dipped 0.5%. Industrial, financial and technology led the ...
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