China fines Alibaba record $2.75 billion for anti-monopoly violations

© Reuters. FILE PHOTO: FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing By David Stanway and Scott Murdoch SHANGHAI/HONG KONG (Reuters) -China slapped a record 18 billion yuan ($ 2.75 billion) fine on Alibaba (NYSE:) Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had […]

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Wall Street Week Ahead: With stocks at record highs, investors look to upcoming earnings

© Reuters. FILE PHOTO: FILE PHOTO: A sign for the Wall Street subway station is seen in the financial district in New York By Caroline Valetkevitch NEW YORK (Reuters) – Wall Street is kicking off a crucial reporting season as U.S. companies provide quarterly results a year after the coronavirus pandemic crippled the economy and […]

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Asia shares set for choppy session after S&P 500 hits record high

© Reuters. FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan By Chibuike Oguh (Reuters) – Asian equities are set for a choppy trading session on Friday after technology stocks lifted the to a new record even as investors weighed an unexpected rise in the number of Americans […]

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Asia shares set for sluggish start after Wall Street retreats from record highs

© Reuters. FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes in Shanghai By Chibuike Oguh (Reuters) – Asia equities are set for a sluggish open on Wednesday after Wall Street pulled back from record highs reached in previous sessions, as investors eye the upcoming earnings […]

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Dow posts a record close. Nasdaq underperforms.

Russell 2000 falls -2.8% The Dow is closing at a record close. The Nasdaq lagged with the Russell 2000 of small-cap stocks taking it on the chin.   The final numbers are showing: S&P index fell -3.35 points or -0.08% at 3971.19 Nasdaq fell -79.07 points or -0.60% at 13059.64 Dow rose 98.43 points or 0.3% at 33171.31 The small-cap […]

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Turkish lira plunges to near record low after Erdogan sacks central bank chief

3/3 © Reuters. FILE PHOTO: Turkish lira banknotes are seen in this illustration 2/3 By Jonathan Spicer and Ezgi Erkoyun ISTANBUL (Reuters) – briefly fell 15% to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of a hawkish central bank governor sparked fears of a reversal of recent rate hikes. […]

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Dow and S&P close at record levels. NASDAQ erased its earlier declines

Major indices off highs as well The Dow and S&P indices both closed at record highs after Fed Chair Powell and Fed continue to steer the soft policy course with not a lot of concern for inflation and expectations for stronger growth. The final numbers are showing: S&P index up 11.41 points or 0.29% at 3974.12. The high reached […]

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