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South Africa's Currency Is Finally Having A Monster Up Day — But It May Be...
The big news in global currency markets today is the South African rand. The rand is up more than 1 percent against the U.S. dollar – no small move – on news that a trucker strike, which over the past...
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ANALYST: Solar Power Will Never Work For The Vast Majority Of The World
AllianceBernstein analysts Catherine Wood and Brett Winton believe the day when solar power can achieve grid parity, or be cost competitive without subsidies, may never arrive. Writing on the firm's...
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Here Are 2 More Ways Obama Got The Unemployment Rate To Drop
Following the surprise drop in the unemployment rate last Friday, I have seen many conspiracy charges leveled against the BLS. I do not believe any of the conspiracy charges. Had Obama instructed the...
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America's Debt-To-GDP Hits A 6-Year Low
American indebtedness has hit a 6-year low. Bloomberg reporter John Detrixhe reports: Total indebtedness including that of federal and state governments and consumers has fallen to 3.29 times gross...
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STOCKS TUMBLE, NASDAQ GETS CREAMED: Here's What You Need To Know (DIA, SPY,...
It was a quiet day. But stocks tanked for no obvious reason. First the scoreboard: Dow: 13,480, -102.8, -0.7 percentS&P 500: 1,442, -13.0, -0.9 percentNASDAQ: 3,065, -47.8, -1.5 percent And now the...
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Alcoa Cuts Global Demand Forecast, Blames China (AA)
UPDATE: Alcoa beat analysts' profit estimates, reporting $0.03 per share versus estimates of $0.00 per share. Alcoa also posted higher revenue than expected at $5.8 billion versus forecasts of $5.56...
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Yum Beats On Earnings And Sees 'Dramatically Improved' Margins In China (YUM)
Yum! reported adjusted earnings of $0.99 per share, against expectations of $0.97 per share. And the company saw margins improve "dramatically" on the quarter. Revenue of $3.57 billion however missed...
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Angela Merkel's Visit To Greece Was A Huge Political Gamble
What to make of the Merkel visit to Athens today? What was she thinking about? Some possible answers: A) Merkel is a political genius. She has seized on a historical moment. Ms Merkel’s trip has...
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CHART OF THE DAY: Since The Bottom Of The Crisis, Homebuilders Have Been A...
Stifel Nicolaus analyst Dave Lutz made an interesting observation in a brief note today – homebuilder stocks, as measured by the iShares Dow Jones US Home Construction Index Fund, have staged an even...
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SHEILA BAIR: Here's How The Obama Administration Screwed Up The Wall Street...
In Sheila Bair's new book "Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself,” the former Chair of the FDIC chronicles her experience at the agency during the...
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China Slowdown Leads To 1,500 Job Losses At US Engine Company — Stock Tanking
This is exactly what you don't want to see. A major industrial company announcing a slowdown due to China and layoffs in the US. The company is Cummins Engine. The stock is off over 6% after hours, and...
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The State Of The Slowing Global Economy In 2 Huge Slides
Aluminum giant Alcoa just announced its Q3 earnings and they were better than expected. However, management cut its forecast for 2012 global demand growth to 6 percent from 7 percent previously. This...
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STEVE WYNN: What The Federal Reserve Is Doing Is What Bernie Madoff Went To...
Casino magnate Steve Wynn was recently interviewed by Jon Ralston, host of "Face to Face with Jon Ralston," on Nevada's NBC affiliates. For much of the interview, he was highly critical of President...
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If Elections In Greece Were Held Today, Radical Anti-Bailout Party SYRIZA...
According to a new poll of Greek voters, opposition political party SYRIZA is in the lead. Bloomberg reports that 80 percent of those polled say the country is going in the wrong direction. 72 percent...
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The Market Rally Has Vanished
After a strong start, stocks slowly shed gains and are now virtually flat for the day. Earlier, the Department of Labor reported that initial jobless claims had fallen to 339k from 369k last week....
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JPMorgan Kicks Off Third-Quarter Earnings For Financials Tomorrow
JPMorgan Chase kicks off earnings season for financials tomorrow as the bank prepares to release its Q3 results before the opening bell. Wall Street analysts expect the bank to post $1.199 adjusted EPS...
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STOCKS GO NOWHERE AFTER A WEIRD JOBLESS CLAIMS REPORT: Here's What You Need...
We're still not exactly sure what happened this morning. First the scoreboard: Dow: 13,326, -18.5, +0.1 percentS&P 500: 1,432, +0.2, +0.0 percentNASDAQ: 3,049, -2.3, -0.0 percent And now the top...
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This Apple Move Is Getting Ugly
On a flat day in the market, another 2% down. The stock is now off nearly 11% from its recent high. Please follow Money Game on Twitter and Facebook.Join the conversation about this story »
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Rumors About A Sarkozy Comeback Are Spreading
Francois Hollande was swept into the French presidency this summer on a wave of promises — tax hikes, the end of France's divided society, and a president who was "Mr. Normal" rather than the bling...
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Treasury Records Indicate That Larry Fink And Time Geithner Are Best Friends
The FT's Shahien Nasiripour in Washington and Dan McCrum in New York report Treasury Secretary Tim Geithner spoke with BlackRock CEO Larry Fink 49 times over the course of 18 months, citing government...
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