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U.S. New Home Sales Pull Back Much More Than Expected In October
A report released by the Commerce Department on Tuesday showed a substantial pullback by new home sales in the U.S. in the month of October. The Commerce Department said new home sales saw a 17.3 percent nosedive to an annual rate of 610,000 in October after spiking by 7.0 percent to a rate of 738,000 in September. Economists had expected new home sales to decrease to a rate of 730,000.
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vor 254 Tagen
Intel To Get $7.865 Bln Govt. Grant For US Semiconductor Projects
The U.S. government has offered Intel Corp. up to $7.865 billion in direct funding for its commercial semiconductor manufacturing projects, which is expected to create thousands of jobs. The latest award, together with a 25% investment tax credit which the firm plans to claim, would support the chip maker's plans to invest more than $100 billion in the U.S.
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vor 255 Tagen
Bay Street Likely To Open Higher On Firm Commodities, But Trade War Fears May Weigh
It's likely to be a positive start for Canadian stocks on Tuesday as higher crude oil and gold prices are likely to trigger some buying in energy and metal sectors. However, fears of a renewed trade war following U.S. President-elect Donald Trump pledging to impose tariffs on all imports from Mexico, Canada and China, may hurt sentiment and limit market's upside.
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vor 255 Tagen
Rivian Shares Gain On Reports Of Conditional Settlement With Tesla, $6.6 Bln Loan Approval
Rivian Automotive Inc.'s shares gained around 13 percent on Monday's regular trading after reports emerged that the all-electric automaker has reached a conditional settlement with EV major Tesla Inc., regarding its four-year old lawsuit. The shares were gaining 7% further in the pre-market activity on the Nasdaq, despite a slight drop in previous day's extended trading, after Rivian announced...
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vor 255 Tagen
Sensex, Nifty End Slightly Lower After Two-day Rally
Indian shares ended slightly lower on Tuesday following two days of strong gains.
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vor 255 Tagen
European Shares Retreat As Tariff Worries Return To Haunt Investors
European stocks declined on Tuesday after U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Mexico, Canada and China on his first day in office, raising fears of a renewed trade war.
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vor 255 Tagen
FTSE 100 Slides As BRC Warns About Return Of Inflation
U.K. stocks declined on Tuesday amid apprehensions that November's figures may signal the end of falling inflation.
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vor 255 Tagen
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CAC 40 Slides As Le Pen Threatens To Topple Government Over Budget
French stocks traded lower on Tuesday after U.S. President-elect Donald Trump threatened sweeping new tariffs on Mexico, Canada and China on his first day in office to combat illegal immigration and drugs.
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vor 255 Tagen
DAX Falls As Automakers Decline On Tariff Concerns
German stocks fell notably on Tuesday, with automakers suffering heavy losses after U.S. President-elect Donald Trump vowed additional tariffs on China as well as U.S. neighbors Canada and Mexico, raising fears of a renewed trade war.
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vor 255 Tagen
Asian Shares Decline As Trade War Concerns Resurface
Asian stocks fell broadly on Tuesday after U.S. President-elect Donald Trump said he plans to impose 25 percent tariffs on Mexico and Canada and an additional 10 percent on China on his first day in office, ramping up fears of a renewed trade war.
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vor 255 Tagen
Commodity Currencies Drop After Trump's New Tariff Threats
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, after U.S. President-elect Donald Trump announced a 10 percent additional tariff on all Chinese goods and a 25 percent tariff on imports from Mexico and Canada, raising concerns over global trade tensions.
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vor 255 Tagen
Pound Falls Against Majors
The British pound weakened against other major currencies in the Asian session on Tuesday.
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vor 255 Tagen
UK Shop Price Deflation Slows: BRC
UK shop prices dropped at a slower pace in November, signalling that shoppers are set to face rising price pressures, the British Retail Consortium revealed on Tuesday. The shop price index declined 0.6 percent on a yearly basis in November, slower than October's 0.8 percent decrease. Food price inflation softened to 1.8 percent from 1.9 percent in October.
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vor 255 Tagen
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