Dow falls 250 points as 3M slashes guidance, announces job cuts

U.S. stocks retreated Thursday morning, with those for the Dow under pressure after disappointing 3M Co. earnings, while positive tech-sector earnings reports blunted losses in the Nasdaq and S&P 500. Against the backdrop of a parade of quarterly results, investors have been weighing continued signs of sluggish growth permeating international economies. The Dow Jones Industrial Average DJIA, -0.84% lost 250 […]

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Dollar rises vs euro as upbeat U.S. data supports

NEW YORK (Reuters) – The dollar rose to a near two-year high against the euro on Thursday, as upbeat U.S. data fed demand for the greenback and traders awaited the release on Friday of U.S. gross domestic product data for the first quarter of 2019. The euro fell 0.11% to $1.114, its lowest since May 2017. “Overall, the dollar is […]

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UK government launches leak inquiry over Huawei discussions – report

LONDON, April 25 (Reuters) – Britain’s government has launched a leak inquiry over the disclosure of confidential discussions about the role of China’s Huawei Technologies in 5G network supply chains, according to the PoliticsHome website. The National Security Council had decided to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core parts, […]

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Gold Prices Mixed In Cautious Trade

Gold prices traded mixed on Thursday as the dollar firmed up on weak data. Spot gold was marginally higher at $1,275.99 per ounce while U.S. gold futures were down 0.1 percent at $1,277.85 an ounce. The dollar remains in demand, a day after data showed a surprise deterioration in German business morale. Elsewhere, South Korean economy unexpectedly contracted in the […]

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Southwest beats despite being the US airline with the biggest exposure to the 737 Max

Southwest Airlines beat earnings expectations Thursday despite being impacted by the grounding of the Boeing 737 Max aircraft. The airline has the most exposure to the aircraft of all US carriers. Southwest shares were up 2% early Thursday. Watch Southwest Airlines trade live. Southwest Airlines reported first-quarter earnings on Thursday morning that beat Wall Street estimates, sending shares up more […]

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Bristol-Myers: 1Q Earnings Snapshot

Bristol-Myers Squibb Co. on Thursday reported first quarter profit of $1.71 billion. The New York-based company said it had net income of $1.04 per share. Earnings, adjusted for one-time gains and costs, came to $1.10 per share. Continue Reading Below The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings […]

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Dollar extends march higher as global central banks turn dovish

The U.S. dollar added to its recent uptrend Thursday, with one popular gauge of the strength of greenback rising to around the highest in nearly two years. The ICE Dollar Index,DXY, +0.25% which tracks the buck against six trading rivals, was at 98.22, up 0.1% on the day. The index hit an intraday high at 98.27 — its highest read […]

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A look at the candidates in Spain's general election

In this Monday, April 15, 2019 photo, Spanish Prime Minister and Socialist Party candidate Pedro Sanchez interacts with retirees at the end of an election campaign event in Leganes, outskirts of Madrid, Spain. Socialist leader Pedro Sánchez and incumbent Prime Minister is aiming to pull off yet another unexpected political turnaround. (AP Photo/Bernat Armangue) A new generation of young and […]

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3 Rock Solid Cheap Stocks With P/E Ratios Under 11

Cheap stocks can be hard to find in a high-flying market like the current one. The S&P 500 is flirting with all-time highs following its best first-quarter performance in a generation, and investor confidence has returned after the pullback at the end of 2018. The Federal Reserve's decision to stop raising interest rates for the foreseeable future, apparent steps toward […]

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