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US Budget Deficit Surges to a Record $864 Billion: Live Market Updates The United States budget deficit grew to a record $864 billion in June as the federal government continued pumping money into the economy to prop up workers and businesses affected by the coronavirus pandemic, the Treasury Department said on Monday.
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OPEC+ set to roll back some production cuts but risks sending prices lower again An OPEC+ committee will consider this week whether to rollback 2 million barrels a day in production cuts, as the decline in demand abates. But the group, including OPEC, Russia and other producers, could risk causing another price slump if the Covid-19 ...
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New Hampshire investigates Merrill Lynch after clients allege $200 million in damages New Hampshire's Bureau of Securities Regulation is investigating Merrill Lynch and at least one former top broker over alleged churning of customer accounts to generate millions of dollars in excess commissions. Separately, former New Hampshire Gov.
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Dollar slightly higher as geopolitics and virus unsettle the mood TOKYO (Reuters) - The dollar was marginally higher in narrow ranges against most currencies on Tuesday as renewed concerns about diplomatic tension between the United States and China and rising coronavirus cases put a dent in risk appetite.
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Stock market live updates: Dow jumps 400 points, vaccine hopes, Tesla soars 14% to all time high Bank of America raised its price target on Spotify to a Street high of $357 from $185 and said "we continue to believe shares offer compelling exposure to an iconic, global but still relatively early stage streaming business with optionality from new initiatives.
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Dollar falls as US earning season kicks off NEW YORK (Reuters) - The U.S. dollar edged lower on Monday as investors looked to domestic corporate earnings and upcoming retail data to gauge whether guarded optimism on the country's economic outlook is justified. The index that measures the ...
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Don't Buy an Oil Fund With an Identity Problem Not so long ago, a lot of sophisticated funds were convinced about an investment that promised something for nothing. Owning commodities was supposed to give them diversification from stocks and bonds, steady returns and an occasional windfall.
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When Saudi Arabia Says 'Jump!' OPEC Responds 'How High?' By Jim Krane and Mark Finley. OPEC is in fighting form these days. Since the disastrous Saudi-Russia price war was called off after five weeks, the cartel has not only righted its own ship, defying yet another round of commentary about its demise, but seems ...
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Yuan hovers at key 7/dollar mark ahead of Q2 economic data SHANGHAI, July 13 (Reuters) - The yuan hovered around the key 7 per dollar threshold on Monday, ahead of economic data this week that will shed light on the economic recovery in China from the virus pandemic, while gains in the equity market continued ...
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Pause, reflect: Five questions for the ECB LONDON (Reuters) - For the first time in months, the European Central Bank has reason to break from crisis-fighting mode — economic activity is picking up after the COVID-19 hit, markets are stable and agreement on an European recovery fund appears ...
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