World News

Goldman Sachs cuts growth forecast for first half of 2019

With the Federal Reserve embarked on a path to gradually hike interest rates, the bank today thinks the central bank will pump its brakes on raising borrowing costs — along with also could even reverse course in 2020. Central bank officials have approved four rate hikes This specific year along with also have indicated two more are coming in 2019. ...

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The real test happens two weeks coming from today

which week’s wild swings on Wall Street mean little to some market players, who look past the huge bounce in stocks in addition to are ready to zero in on the earnings season which kicks off inside second week of January. The Dow Jones Industrial Average on Wednesday surged a whopping 5 percent, the largest one-day point gain in history. ...

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Canadian detained in China has been released

A Canadian citizen who was detained in China This specific month has returned to Canada after being released coming from custody, a Canadian government spokesman said on Friday. The spokesman did not specify when the Canadian was released or returned to Canada. Earlier inside the day, broadcaster CBC identified the citizen as Canadian teacher Sarah McIver. China’s Foreign Ministry said ...

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Earthquake strikes off Philippines, tsunami waves possible

A strong earthquake of 6.9 magnitude struck off the southern Philippine island of Mindanao on Saturday as well as also tiny tsunami waves were possible along its coast as well as in parts of Indonesia as well as also Palau, the Pacific Tsunami Warning Center said. There were no reports of casualties or damage, via the earthquake, which the U.S. ...

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Trump administration asks investor for advice on stock markets

Trump celebrated a consistent rise for stocks during his first year in office. yet markets have faltered This particular year amid a trade war with China, concerns about the Fed’s four interest rate hikes as well as also fears about slowing global growth. As of Friday morning, stocks were on track for their worst December since 1931, with the S&P ...

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Citi cuts first-quarter iPhone production estimates on weak demand

Stephen Lam | Reuters A man holds the Apple iPhone XS as well as XS Max during a product demonstration following the Apple launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Citi Research on Friday slashed its first-quarter production estimates for Apple iPhones as well as nearly halved expectations on the costliest iPhone XS Max, ...

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