Japan Second-Quarter GDP Revision Sparks Recession Fears – CCN.com

Japan’s economy faces both external and internal risks as latest GDP numbers released. | Source: Shutterstock Japan’s economic expansion cooled more than initially forecast in the second quarter, revised data showed, complicating the government’s planned consumption tax hike later this year. Ironically, the long-delayed sales tax increase is expected to shrink Japan’s GDP output later […]

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Economic Growth Is All on You, Consumer: The Fed

Consumer confidence in the U.S. has held steady and spending has increased despite a slew of negative signs that point toward an economic slowdown. Federal Reserve officials admit that consumers are alone in carrying the burden of the economy. “We’ve seen a decline in exports and weakening manufacturing data, reflecting slowing global growth and uncertainty […]

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Jack Dorsey Rejects Twitter Crypto Concept to Passionately Back Bitcoin – CCN Markets

Bitcoin’s the best bet for a cryptocurrency, says Twitter CEO Jack Dorsey. | Source: Photo by Prakash SINGH / AFP As Facebook’s Mark Zuckerberg faces a firestorm of criticism for his Libra project, another prominent social media billionaire is staying on the side-lines. Jack Dorsey made it very clear in an interview with the Sydney […]

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Gloomy Stock Market Faces New China Taunt: We’ll Get ‘Last Laugh’

A gloomy stock market must wrestle with China’s latest taunt, in which it warned it would “fight to the end” and get the “last laugh.” | Source: Don Emmert / AFP By CCN Markets: China and the United States keep upping the ante. Presidents Trump and Xi are raising the stakes even further this weekend […]

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Dow Plows Toward Triple-Digit Rally as Jackson Hole Unfolds

The Dow plowed ahead toward a triple-digit rally, leaving the S&P 500 and Nasdaq in the dust as the critical Jackson Hole summit unfolded. | Source: REUTERS/Leah Millis By CCN Markets: The Dow diverged from the broader U.S. stock market on Thursday, as concerns over the economy and monetary policy kept investors on the sidelines. […]

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GE Stock Rebounds, Short-Seller Citron Slams ‘Arrogant’ Whistleblower

Formidable short-seller Citron Research slams whistleblower Harry Markopolos following his GE ‘fraud’ report. GE stock rebounds – for now. | Source: PATRICK HERTZOG / AFP By CCN Markets: Formidable short-seller Citron Research this morning slammed legendary Madoff whistleblower Harry Markopolos following his 170-page General Electric “fraud” report. GE stock tanked almost 12% Thursday on the […]

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This Trade-War Sensitive Dow Jones Stock Is on the Index’s Leaderboard

One of the leaders in the Dow Jones is athletic company Nike, which is a bit surprising considering that it is dangerously exposed to China. | Source: Shutterstock In a welcome sight, nearly all 30 Dow Jones stocks are trading in the green today. One of the leaders in the Dow Jones is athletic company […]

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Starbucks Brews Up 7% After-Hours Because The Company is Crushing It

Starbucks continues to show why it is the top dog in coffee, delivering a frankly astonishing quarter of earnings growth, fueled by explosive same-store sales growth. Let’s examine the headline numbers and some other metrics that will show why Starbucks stock is up 7 percent in after-hours trading to an all-time high. The Amazing Growing […]

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