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Major U.S. stock indexes finish more than 1% lower

Major U.S. stock indexes finish more than 1% lower

U.S. stocks ended a tumultuous session with sharp losses on Thursday after Wall Street dawned on the possibility that a prolonged U.S.-China trade spat may be a more likely outcome than a near-term truce. The S&P 500 fell 1.2% to finish around 2,822. The Dow Jones Industrial Average shed 286 […]

British pound briefly climbs in wake of Theresa May news

British pound briefly climbs in wake of Theresa May news

The British pound jumped, then pulled back on the news U.K. Prime Minister Theresa May will step down, after she failed three times to get a Brexit deal passed through Parliament. Making the announcement from Downing Street, May said her last day as prime minister and Conservative party leader will […]

U.S. durable-goods orders drop 2.1% in April

U.S. durable-goods orders drop 2.1% in April

Orders for Boeing planes almost dried up in April following the grounding of its 737 Max jet, triggering a decline in U.S. orders for durable goods. The numbers: Orders for durable or long-lasting goods tumbled in April because of falling demand for Boeing jets and new cars and trucks, but […]

Alibaba‘s stock is added to Stifel‘s ‘select list‘

Alibaba‘s stock is added to Stifel‘s ‘select list‘

Stifel analyst Scott Devitt elevated Alibaba Group Holding Ltd. shares to his firm‘s "select list" on Friday as he reiterated a bullish view of the company in the face of escalating trade tensions between the U.S. and China. Alibaba shares are up 1.3% in premarket trading Friday. "While it is […]