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The chairman of the biggest bank in Europe today announced the ouster of the company’s CEO John Flint after just 18 months in office. He noted that the move was a part of their idea to speed up progress. A shocking announcement According to HSBC chairman Mark Tucker, the company needs to work quickly on…
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Jerome Powell, Chairman of the Federal Reserve, paired with United States President Donald Trump have the power to move the stock market, according to recent events. As CNBC reports, Powell shared a few words while Donald Trump did his typical thing and tweeted about the market, both of which played a part in the stock…
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According to recent reports, Germany’s financial market is going through an event that was never witnessed before, as its 30-year government bond yield went negative this Friday. As the yield curve entered the negative territory for the first time ever, investors stopped their bonds trading, rushed towards other assets, trying to find safe investments. The…
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The recent meeting regarding the trade war between the United States and China might have a bad effect on Apple and its stock, according to Reuters. In a report, the publication notes that thanks to representatives of Donald Trump not coming to a common ground with representatives of China, Donald Trump proposed a 10% tariff…
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As July headwinds have passed and most major companies have already announced their quarterly reports for Q2 2019, it is time to start picking some quality dividend stocks on the market. In recent times, investors have shown more love for stocks from newer, high growth companies. However, dividend stocks still wield great power in robust…
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Well, it’s what the stock markets have been in great anticipation for – the Federal Reserve finally made the decision to cut interest rates for the first time since 2008. However, the investment space has been left somewhat disappointed at the size of the cut, which was capped at just 0.25%. In response, US stocks…
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As you may know, we’re heading toward the tail end of earnings reports for this quarter. However, while some companies are performing fantastically, others, like the S&P 500, are not. In fact, the company might be hitting its first earnings recession in three years, reports MarketWatch. As of this morning, 298 of the 505 companies…
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Swiss banking heavyweight Credit Suisse recently posted its quarterly report, showing its highest earnings figure in the four years. The company credited its three-year overhaul for the same. Frugal principles help Credit Suisse win The banking environment is getting tough around the globe, but Credit Suisse managed to gain thanks to its frugal cost management…
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Electric car manufacturer Tesla has agreed to pay $323 million in annual taxes to local authorities in Shanghai, China. The taxes will be paid for a site on the outskirts of Shanghai, where the EV Company wants to build a factory. Tesla’s new lease with the Chinese government As per the deal, Tesla will pay…
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In what initially looked like a stagnant year ahead for Starbucks now looks set to be a promising one. As per its recently published third quarter earnings report, long-term growth at the global coffee franchise looks highly promising. In a nutshell, while analysts had predicted an earnings per share of $0.72, Starbucks smashed through this…
