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Finance
Stocks will break out of trouble and hit new record highs: Tony Dwyer
A significant buying opportunity may be unfolding on Wall Street.Canaccord Genuity's Tony Dwyer believes a record rally will follow the recent market tumult."We're going to move from this summer of indigestion into the year-end…
Southwest, Boeing, Coty, Beyond Meat & more
A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City.Noam Galai | Getty ImagesCheck out the companies making headlines midday Monday:Southwest — Goldman…
United Oil & Gas PLC, Canadian Overseas Petroleum Limited, Premier Oil PLC,
United Oil & Gas PLC (LON:UOG) was a strong performer this week after the group revealed on Wednesday the latest successful well result at the Abu Sennan concession in Egypt.
The company said the El Salmiyah-5 well had encountered…
JPMorgan to buy majority stake in Volkswagen payments unit
The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York.Tim Clayton - Corbis | Corbis Sport | Getty ImagesJPMorgan said Wednesday it plans to buy a majority stake of close to 75%…
Curb tax relief on interest to give stock markets a boost, says finncap MD
The importance of public markets has been amply demonstrated during the coronavirus crisis
Tax relief on interest should be capped to curb private equity activity and give a boost to public markets such as AIM, according to broker…
Fed Chief Powell owned same type of assets bank bought during Covid
(Editor's note: This story has been updated to reflect new information. Fed Chair Powell owned the municipal bonds in question in a joint account over which he had control. Due to incorrect information provided by the Federal Reserve,…
Here’s why the real unemployment rate may be higher than reported
Spencer Platt | Getty ImagesThe unemployment rate in the U.S. improved last month as millions of people returned to the workforce.But the official 13.3% unemployment rate, while still high relative to any point since the Great Depression…
Dow up 200, big winning week, blowout jobs number
A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City.Noam Galai | Getty ImagesStocks moved higher on the final trading day of the holiday-shortened week,…
Ray Dalio says if bitcoin is really successful, regulators will ‘kill it’
Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019.Thomas Peter | ReutersRay Dalio, founder of the world's largest hedge fund, Bridgewater Associates, believes regulators would…
Stocks waver, Hertz resumes trading, more stimulus needed?
The Dow and S&P 500 struggled to find direction Thursday as coronavirus cases across the U.S. continue to rise while the latest weekly jobless claims data disappointed investors. Both the Dow and S&P 500 were slightly lower in…