The Latest: US says Maduro using banks as slush funds

President Donald Trump, right, meets with Caribbean leaders at Mar-A Lago, Friday, March 22, 2019, in Palm Beach, Fla. From left are Saint Lucia’s Prime Minister Allen Michael Chastanet, Haiti President Jovenel Moise,Dominican Republic President Danilo Medina, Jamaica Prime Minister Andrew Holness and Bahama Prime Minister Hubert Minnis. (AP Photo/Carolyn Kaster) The Latest on President Donald Trump's meeting with leaders […]

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Markets Right Now: Stocks, yields drop on growth worries

The latest on developments in financial markets (all times local): Continue Reading Below 4 p.m. Stocks closed broadly lower on Wall Street, erasing their gains for the week, as investors became increasingly worried that the global economy is slowing down. Traders shifted money into bonds and other low-risk assets Friday. Bond yields fell sharply, hurting bank stocks and flashing a […]

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The Latest: EU gives UK leader May 2 Brexit deadlines

French President Emmanuel Macron speaks during a media conference at the conclusion of an EU summit in Brussels, Friday, March 22, 2019. European Union leaders gathered again Friday after deciding that the political crisis in Britain over Brexit poses too great a threat and that action is needed to protect the smooth running of the world’s biggest trading bloc. (AP […]

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3 Key Takeaways From BeiGene's CEO

China's biotechnology industry is booming. The world's most populous country is going all-in on bringing innovative new drugs to market, flooding the sector with capital, political support, and key talent. China expects its biotech sector to represent 4% of its GDP by 2020, which could be worth $500 billion by the end of next year. With numbers that large, healthcare […]

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Hibbett Sports Inc (HIBB) Q4 2019 Earnings Conference Call Transcript

Hibbett Sports Inc (NASDAQ: HIBB)Q4 2019 Earnings Conference CallMarch 22, 2019, 10:00 a.m. ET Contents: Continue Reading Below Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by and welcome to the Hibbett Sports Fourth Quarter and Year End 2019 Earnings Conference Call. During the presentation, all participants will be in a […]

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Get-Rich-Quick Ad Goes Viral in Brazil

It’s been a busy week in Brazil. Stocks reached a record, President Jair Bolsonaro made a splash in Washington, the government delivered the second part of its pension reform plan, and former President Michel Temer was arrested, sending markets tumbling and erasing most of this year’s rally. And then there’s Bettina Rudolph. The 22-year-old became an overnight meme after a […]

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The Latest: Fire reignites at Houston-area chemical plant

In this Tuesday, March 19, 2019 photo, shows smoke rising from a fire at the Intercontinental Terminals Company near the Deer Park School District’s Abshire Stadium in Deer Park, Texas. Officials have lifted an order to remain indoors after several readings showed that the air quality had improved near a scorched petrochemical storage facility in suburban Houston. City officials in […]

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Finally a Stock Rout You Can’t Totally Blame on Jerome Powell

Two days after central bank policy makers became more dovish than anyone thought possible just a few months ago, stocks notched their worst day in 11 weeks. Could it be that the economy is becoming a bigger concern for investors than Jerome Powell? It sure looks that way when the sell-off is examined for signals on the economy. Friday’s decline […]

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U.S. Treasuries signal trouble, stocks fall after weak data

NEW YORK (Reuters) – Stocks around the world fell and U.S. Treasuries yields sent out warning signs of a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown. After weak U.S. manufacturing and services data, U.S. Treasury 10-year note yields sank below three-month Treasury bill yields for he first time since 2007. […]

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US budget deficit sets February record of $234 billion

The federal government posted a record budget deficit in February, pushing the overall deficit for the first five months of the budget year up 39 percent from a year ago. Continue Reading Below The Treasury Department said Friday in its monthly report that the deficit hit an all-time high for February of $234 billion. That surpasses the old February deficit […]

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