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As the first major contest in the U.S. presidential election process, the Iowa caucuses are considered very important. Since the first Iowa caucuses were held in 1972, the winner of nine of the 18 Iowa caucuses held by both parties eventually won the nomination. However, while the caucuses tend to be good predictors of who will win each party’s nomination, […]
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The struggling John Lewis Partnership is to stop publishing its weekly sales figures and said it would in future provide updates on its trading only every six months. The decision to keep a lid on its sales figures – which have detailed the performance of the department stores and the Waitrose supermarket chain by department compared with the previous two […]
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After moving moderately lower early in the session, stocks have regained some ground over the course of the trading day on Tuesday. The major averages have climbed off their lows of the session, with the Nasdaq peeking above the unchanged line to reach a new record intraday high. Currently, the Nasdaq is clinging to a modest gain, up 1.08 points […]
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How fast will your equity investments grow in coming years? That crucial question is at the heart of every retirement financial plan, especially in today’s era of low rates that virtually guarantee that bonds will provide a dismal long-term return. Stocks will have to do the heavy lifting of funding your retirement, in other words. So if you assume too […]
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New orders for U.S. manufactured durable goods rebounded by much more than anticipated in the month of December, according to a report released by the Commerce Department on Tuesday. The report said durable goods orders surged up by 2.4 percent in December after tumbling by a revised 3.1 percent in November. Economists had expected durable goods orders to rise by […]
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Following the holiday on Monday, stocks fluctuated over the course of the trading day on Tuesday before ending the session mostly lower. With the drop on the day, the major averages pulled back off the record closing highs set last Friday. The major averages all finished the day in negative territory. The Dow slid 152.06 points or 0.5 percent to […]
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The explosion ruptured the dusk settling over the desert in Surprise, Arizona. For hours, smoke had poured from a metal shed packed with lithium-ion batteries at a small electric substation. The batteries were tied to the electric grid, and somehow they had caught fire. Firefighters searching for the source of the smoke opened the shed door, and minutes later gases […]
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February is just around the corner. It’s that time to take a look back at some of the top news stories of January and look ahead at what’s coming next over the horizon on the regulatory front. A topic that has been making headlines globally is the coronavirus. On December 31, 2019, China alerted the WHO to several cases of […]
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3M Co. (NYSE: MMM) reported fourth-quarter and full-year 2019 results before markets opened Tuesday. For the quarter, the industrial giant posted adjusted diluted earnings per share (EPS) of $2.27 on revenues of $8.11 billion. In the same period a year ago, the company reported EPS of $2.31 on revenues of $7.95 billion. Fourth-quarter results also compare to the consensus estimates […]
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U.S. airlines have started to allow people to change the dates of flights they have booked to and from China, at no charge. China’s own carriers have seen a collapse in traffic. In some cases, local carriers have cut the number of flights or are not flying at all. As the coronavirus spreads, and the number of people on flights […]
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