US manufacturing output falls in April on weak auto production
WASHINGTON – US manufacturing production fell more than expected in April amid a sharp decline in motor vehicle output, and the sector could struggle to regain its footing in the second quarter because of tariffs.
Factory output dropped 0.4 per cent in April after an upwardly revised 0.4 per cent gain in March,
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Read MoreCanadian investors pouring money into European equity ETFs
The European Union has a GDP of US$20 trillion, according to the International Monetary Fund. The United Kingdom has another US$3.8 trillion, making Europe a considerable economic force.
Yet up until recently, there’s been scant enthusiasm among Canadians for Europe-specific ETFs. Currently there are only nine distinct offerings,
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Read MoreLive S&P 500 (NYSEARCA: SPY): Markets Pull Back as Interest Rates Steal Focus
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The markets are feeling the pressure today after Fed Chairman Jerome Powell commented on interest rates.
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Read MoreWall Street drifts lower as S&P 500 flirts with its first loss of the week
NEW YORK — U.S. stocks are drifting Thursday following a jumble of mixed reports that shed little clarity on how the U.S. economy is managing through U.S. President Donald Trump’s trade war.
The S&P 500 was 0.2% lower in early trading and potentially on track for its first drop of the week.
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Read MoreFederal Reserve to cut its workforce by 10% in coming years
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Kudlow panelists David Bahnsen and EJ Antoni discuss the possibility of removing Fed Chair Jerome Powell from office.
The Federal Reserve is planning to reduce the workforce at the central bank by 10% over the next few years,
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Read MoreThe Burst
How To Trade The Crashing Markets
Lots of finger-pointing has taken place. Was it Buffett selling Apple? The jobs report? The unwind of the Japanese carry trade, which is essentially nothing more than borrowing at low rates in Japan and investing at higher yields in the US. Or was it the re-pricing from inflation concerns to recession worries?
Regardless,
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Read MoreThe Ivy
AI Powerhouse Sees 853% Increase From Connecticut Billionaire
Nvidia (NASDAQ: NVDA) has rapidly cemented its place as one of the most sought-after stocks after seizing the role of toll road through which all big tech must travel to enter the artificial intelligence ecosystem.
Recently, Nvidia drew interest from billionaire investor Paul Tudor Jones, who raised his position by a staggering 853% to 273,294 shares,
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Read MoreThe Spotlight
Spotlight: The Next Bloomberg Terminal?
Did you know that every 24 hours, Planet Labs captures imagery of every corner of the Earth? This trove of data is so extensive that it helped track a rogue Chinese spy balloon all the way back to its point of origin.
Similar to a search engine, Planet Labs aims to organize massive amounts of Earth-related data.
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