05 January

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Dow Kicks Off 2021 With Selloff as Political Uncertainty, Virus Worries Weigh

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By Yasin Ebrahim Investing.com – The Dow slipped Monday as a close race in the Georgia Senate runoff elections raised concerns over the prospect of a Democrat-controlled Congress that would likely usher in higher taxes at a time when the pandemic continues to worsen. The Dow Jones Industrial Average fell 1.59%, or 586 points, though was had fallen more 700 points intraday. The S&P...

05 January

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Fed’s Mester says policy will stay accommodative for ‘quite some time’

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By Jonnelle Marte (Reuters) - U.S. economic growth could surge later this year if most Americans are vaccinated against the coronavirus, but the gains would unlikely be enough for the Federal Reserve to withdraw its support, Cleveland Fed President Loretta Mester said on Monday. The economy is likely to struggle in the near term after a rise in coronavirus infections led to...

05 January

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Japan’s cash balance hits fresh high as central bank keeps support for economy

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TOKYO (Reuters) - The balance of money circulating in Japan's economy hit a record high for the ninth consecutive month in December, data showed on Tuesday, as the central bank continued to flood the economy with cash to cushion the blow from the COVID-19 pandemic. With an expected re-implementation of control measures to contain the pandemic seen hurting the economy, the Bank...

05 January

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Georgia Election, Oil Inventory, Fed Speeches: 3 Things to Watch

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By Liz Moyer Investing.com -- After reaching all-time highs at the close of 2020, stocks dropped on the first day of trading in the new year on concerns about a runoff election in Georgia that will determine the balance of power in the Senate. If Republicans retain their majority, President-elect Joe Biden could have a more difficult time getting additional stimulus and an ambitious...

05 January

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Podcast app Breaker to be acquired by Twitter

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(Reuters) - Breaker, a popular podcast app, said on Monday it would be acquired by social media company Twitter Inc (NYSE:TWTR) and shut down its app and website next week. Breaker said on its blog https://blog.breaker.audio/the-breaker-team-is-joining-twitter-f8c1721d66c6 that people can now transfer their subscriptions to other podcast listening apps like those offered by Apple Inc (NASDAQ:AAPL) and Spotify. Financial...

05 January

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Asian shares fall amid uncertainty about Georgia senate runoff

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By Stanley White TOKYO (Reuters) - Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming U.S. President Joe Biden's economic policies. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.12%, pulling back from a record high hit in the previous session. Australian stocks fell 0.16%. Japanese shares lost 0.47%...

05 January

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Mondelez to buy rest of chocolate-bar maker Hu – WSJ

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(Reuters) - Mondelez (NASDAQ:MDLZ) International Inc is nearing a deal to buy Hu Master Holdings in a transaction that values the chocolate-bar maker at more than $250 million, the Wall Street Journal reported Monday, citing people familiar with the matter. The Oreo maker said in April 2019 it had made a minority investment in Hu as part of an effort to double down...

05 January

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Drugmakers kick off 2021 with 500 U.S. price hikes

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By Michael Erman NEW YORK (Reuters) - Drugmakers including Abbvie Inc and Bristol Myers Squibb raised U.S. list prices on more than 500 drugs to kick off 2021, according to an analysis by health care research firm 46brooklyn. The hikes come as drugmakers are reeling from effects of the COVID-19 pandemic, which has reduced doctor visits and demand for some drugs. They...

05 January

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Trump to approve land swap for Rio Tinto’s Resolution Copper project

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By Ernest Scheyder (Reuters) - U.S. President Donald Trump's outgoing administration plans to approve a controversial land swap needed for Rio Tinto (LON:RIO) Ltd and partners to build an Arizona copper mining project that Native American tribes say will destroy sites of cultural and religious value. The move further escalates the growing global clash between indigenous groups, who are increasingly...

05 January

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Fed’s Evans Says He Favors Aiming for 2.5% Inflation

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(Bloomberg) -- Federal Reserve Bank of Chicago President Charles Evans said the U.S. central bank shouldn’t be shy about letting inflation run, as it has promised, above its 2% target in order to make up for years of undershooting that goal. “If we try to fine-tune a very modest inflation overshoot of only a 10th or two, we run a very large risk...

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Dow Kicks Off 2021 With Selloff as Political Uncertainty, Virus Worries Weigh

Fed’s Mester says policy will stay accommodative for ‘quite some time’

Japan’s cash balance hits fresh high as central bank keeps support for economy

Georgia Election, Oil Inventory, Fed Speeches: 3 Things to Watch

Podcast app Breaker to be acquired by Twitter

Asian shares fall amid uncertainty about Georgia senate runoff

Mondelez to buy rest of chocolate-bar maker Hu – WSJ

Drugmakers kick off 2021 with 500 U.S. price hikes

Trump to approve land swap for Rio Tinto’s Resolution Copper project

Fed’s Evans Says He Favors Aiming for 2.5% Inflation

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