Intel shares jump on Q2 beat, upbeat Q3 outlook

Intel Corp., the biggest maker of semiconductors, predicted third-quarter sales that may exceed analysts’ predictions as owners of data centers add capacity to feed information demanded by mobile Internet use. Revenue will be $14.3 billion, plus or minus $500 million, the company said Wednesday in a statement. That compares with analysts’ average projection of $14 […]

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Wall Street rallies on Greece optimism

NEW YORK (AP) — A new agreement between Greece and its creditors helped push U.S. stocks up Monday. The deal for a new loan package is aimed at keeping the country in the euro, but many hurdles remain. The gains were broad. Nearly three stocks rose for every one that fell on the New York […]

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Euro zone ministers demand more from Greece for loan talks

By Andreas Rinke and Francesco Guarascio BRUSSELS (Reuters) – Skeptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro. Ministers lined up to […]

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Will Chinese buyers flee or flood US housing?

Turmoil in the Chinese stock market could have a quick and direct effect on U.S. housing. From newly built homes in Irvine, California, to Miami condos to Manhattan luxury towers, Chinese money has been flowing freely. The question now is, will trouble in the Chinese stock market translate into more or less cash coming into […]

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U.S. stocks climb in tumultuous action

U.S. stocks closed higher on Tuesday after a choppy trading session as investors eyed developments in the Greece debt crisis and the start of corporate earnings season. ( Tweet This ) The SP 500 fell below its 200-day moving average for its first time since October 20 before trading as high as 15.02 points up. […]

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Greeks defy Europe with overwhelming referendum ‘No’

By Karolina Tagaris and Lefteris Papadimas ATHENS (Reuters) – Greeks voted overwhelmingly on Sunday to reject terms of a bailout, risking financial ruin in a show of defiance that could splinter Europe. With nearly half of the votes counted, official figures showed 61 percent of Greeks rejecting the bailout offer. An official interior ministry projection […]

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European bonds and stocks on the defensive before tight Greek vote

By Marius Zaharia LONDON (Reuters) – European bonds and stocks traded cautiously on Friday before a Greek referendum on EU-prescribed reforms that could determine the country’s future in the euro zone and which polls suggest could go either way. Yields on top-rated German 10-year Bunds, the benchmark for European borrowing costs, fell as some investors […]

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Stocks climb on optimism over Greece situation, U.S. economy

U.S. stocks closed higher on Wednesday as investors eyed better-than-expected data and remained optimistic on resolution between Greece and its creditors. ( Tweet This ) “Investors should have higher conviction we are back to trend (on economic growth),” said David Lefkowitz, Senior Equity Strategist at UBS. “I think it’s mostly about Greece (and) a lot […]

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Wall Street tumbles 2.1% as Greek fears mount

Global stocks tumbled Monday after Greece closed its banks and limited the amount of money citizens can withdraw from them after bailout talks with its creditors broke down over the weekend. The Greek drama has been unfolding for many months (if not years) but the latest developments revived fears the country could exit the euro […]

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Euro zone readies for Greek default after Tsipras referendum call

By Renee Maltezou and Robin Emmott ATHENS/BRUSSELS (Reuters) – Greece’s European partners shut the door on extending a credit lifeline to Athens, leaving it facing a default that could push it out of the euro after the leftist government rejected tough lender demands and put their bailout deal to a referendum. Finance ministers of the […]

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