Hillary Clinton’s real Wall St. problem: She could seriously use the money

She’s not in the bankers’ back pockets. No, siree. Hillary Clinton may have received millions of dollars from Wall Street—in both personal income and campaign contributions—but she can ditch those well-heeled friends at a moment’s notice. To prove it, she has postponed (but not canceled) two fundraisers with Big Finance, one with the huge investing […]

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To financial markets, the 2016 election will barely matter

It will be the biggest show of the year. And on Wall Street, it may signify nothing at all. The 2016 presidential election is already filled with drama and portent. Will Trump fade or continue to steal the show? Will Sanders the socialist disrupt the relentless Clinton machine? Will rich donors buy the next president? […]

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Bank Bear Market Gets Worse as Goldman, Citi Sell Off Again

The 2016 financial stock rout worsened Tuesday as the country’s biggest investment banks plunged almost 5 percent amid a gathering storm of economic and financial threats. Goldman Sachs Group Inc. sank the most since November 2012 to lead the Dow Jones Industrial Average to a 295-point loss, while Citigroup Inc., Bank of America Corp. and […]

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Asia stocks edge up after Japan policy boost; debt shines

By Saikat Chatterjee HONG KONG (Reuters) – Asian stocks started a new month on a cautious note on Monday, with the Bank of Japan’s surprise policy easing sparking some buying but further signs of economic weakness in China and a fall in oil prices keeping investors on guard. The greenback continued to benefit from the […]

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Asia stocks edge up after Japan policy boost; debt shines

By Saikat Chatterjee HONG KONG (Reuters) – Asian stocks started a new month on a cautious note on Monday, with the Bank of Japan’s surprise policy easing sparking some buying but further signs of economic weakness in China and a fall in oil prices keeping investors on guard. The greenback continued to benefit from the […]

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Asia stocks edge up after Japan policy boost; debt shines

By Saikat Chatterjee HONG KONG (Reuters) – Asian stocks started a new month on a cautious note on Monday, with the Bank of Japan’s surprise policy easing sparking some buying but further signs of economic weakness in China and a fall in oil prices keeping investors on guard. The greenback continued to benefit from the […]

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Wall Street surges at end of awful January

By Noel Randewich (Reuters) – Wall Street surged over 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a major rally in technology shares, repairing some of the damage to the SP 500’s worst January since 2009. Slammed by collapsing oil prices that have fed doubts about the […]

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"The Fed wasted a bullet:" veteran trader

The Fed may have skipped following up its December rate hike with another one at this week’s meeting, but one veteran trader said America’s central bank made a mistake by not acting several months ago. “The Fed wasted a bullet, no question about it,” said Ira Epstein, managing director at Linn Associates. He maintains that […]

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These charts show why investors should be worried

The market’s recent bounce back from a brutal selloff may have some investors complacent. But one technician sees more trouble ahead for the markets. “Indices are trying to carve out a bottom,” said Mark Newton, chief technical strategist at Greywolf Execution Partners. “The lows are near. However, the damage that’s been done makes it look […]

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Market Did Work of Four Fed Rate Hikes, Morgan Stanley Says

Volatility in financial markets since the Federal Reserve last month announced its first interest-rate increase in nearly a decade is having the same effect as four additional quarter-point hikes, according to Morgan Stanley. “Financial conditions have tightened materially — by our estimation the economic equivalent of four rate hikes,” analysts led by New York-based Morgan […]

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