John Whitehead, former leader of Goldman Sachs, dies

WASHINGTON (Reuters) – John Whitehead, a former senior partner and co-chairman of Goldman Sachs who helped make it a top-tier Wall Street firm and led its international expansion, has died, the investment bank said on Saturday. He was 92. Whitehead joined Goldman Sachs in 1947 and worked his way to the highest rung of its […]

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Why a 300-point Dow surge can be bad news for market bulls

If you’re bullish on stocks, root against a huge gain in the Dow today. When the Dow Jones Industrial Average screamed higher by 305 points Tuesday, reclaiming a nice slug of January’s losses, it was the second one-day spurt of more than 300 points in 2015, and the third in two months. It’s tempting to […]

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EPA Keystone review links oil sands to carbon emission jump

(Bloomberg) — The U.S. Environmental Protection Agency said developing Canadian oil sands would significantly increase greenhouse gases, a conclusion environmental groups said gives President Barack Obama reason to reject the proposed Keystone XL pipeline. “Until ongoing efforts to reduce greenhouse gas emissions associated with the production of oil sands are more successful and widespread,” developing […]

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Energy may see further weakness as key names report

By Ryan Vlastelica NEW YORK (Reuters) – Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. The group has been falling alongside crude oil prices, which are down about 60 percent since […]

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Amazon is killing it with Prime: Here’s why

Don’t act so surprised:  Amazon (AMZN) is killing it with Prime. Growth in Amazon Prime memberships propelled the etail giant to a profitable fourth quarter. That was after two consecutive quarters of steep losses. Last year, the company raised the Prime subscription fee to $99 from $79, but the number of subscribers grew anyway. Big […]

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Barclays, Goldman forecast bearish first half for oil prices

REUTERS – Barclays Plc and Goldman Sachs Group Inc issued even more bearish forecasts for oil prices on Wednesday, predicting no significant recovery in the first half of 2015. Barclays slashed its 2015 Brent crude oil price forecast to $44 a barrel from $72, while Goldman said it expected prices for West Texas Intermediate crude […]

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Super Bowl ticket sales up 91% from last year

It’s the final countdown to Super Bowl XLIX in Arizona pitting the Seattle Seahawks against the New England Patriots. As of 9am ET Monday the cheapest ticket on StubHub was selling for $4,360.50. The average price is currently $3,220. For a point of reference, last year the average cost of a ticket the weekend before […]

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Super Bowl ticket sales up 91% from last year

It’s the final countdown to Super Bowl XLIX in Arizona pitting the Seattle Seahawks against the New England Patriots. As of 9am ET Monday the cheapest ticket on StubHub was selling for $4,360.50. The average price is currently $3,220. For a point of reference, last year the average cost of a ticket the weekend before […]

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Eyes on Fed after ECB, other bank stimulus moves

By Caroline Valetkevitch NEW YORK (Reuters) – The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank’s massive stimulus plan. Thursday’s larger-than-expected stimulus package from the […]

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IMF’s Lagarde says reforms ‘essential’ after ECB stimulus

Washington (AFP) – International Monetary Fund chief Christine Lagarde on Thursday hailed the European Central Bank’s decision to launch a massive stimulus program, but urged eurozone authorities to undertake needed economic reforms. “The planned expansion of the ECB’s balance sheet will help lower borrowing cost across the euro area, raise inflation expectations and reduce the […]

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