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Markets Steady Despite Mixed Economic Data
Thursday, July 24, 2014 - 4:42pm | 2792U.S. stocks were little changed as economic data came in mixed. The Commerce Department reported that new home sales fell in the month June, while initial jobless claims came in better than expected. Investors and traders cheered positive quarterly results from Facebook and Ford, while news...
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Investors Focus On Earnings Rather Than Geopolitical Tensions
Friday, July 18, 2014 - 6:08pm | 2627U.S. stocks rose as many questions remain unanswered following the crash of MH17 over the unstable region of Donetsk in Ukraine. U.S. intelligence sources speculated the plane was brought down by a ground-to-air missile but cannot confirm who was responsible. Investors appear to focus on...
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Market Wrap For April 29: Dow Approaches Record Highs Despite Ongoing Ukraine Tension and Upcoming Fed Meeting
Tuesday, April 29, 2014 - 4:43pm | 3331U.S. stocks finished higher as the Dow approached its all time high of 16,631.60. The index trading on Tuesday as high as 16,559.39. The S&P 500 index is also not that far away from its all time highs of 1,897.28. The Federal Open Market Committee began its two-day meeting in Washington....
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Market Wrap For April 24: Apple's Smashing Earnings Overshadowed By Ukraine Concerns
Thursday, April 24, 2014 - 4:41pm | 3104U.S. stocks inched higher as Apple's strong earnings reported on Wednesday proved to be not enough to ease fears over an escalating tension between Russia and Ukraine. Reports surfaced of escalated troop movements in Ukraine while Russia began military drills near the Ukraine border. After...
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Is McDonald's Taking on Starbucks in Coffee Wars?
Friday, November 15, 2013 - 10:30am | 607McDonald’s (NYSE: MCD) CEO Don Thompson wouldn’t name the Seattle-based chain as a competitor when he said Thursday that his company has less than its “fair share” of the coffee market. To date, McDonald’s “share” of restaurant coffee servings in the U.S. is less than 13 percent, according to...