Sunday 28 December 2014
 
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Wall Street

What's in store for markets in 2015?

Wall Street was generally calmer in 2014 than in previous years, but that doesn't mean the stock market was devoid of drama. Big selloffs in biotechnology and social media stocks had strategists predicting doom in the spring,

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Morgan Stanley Q3 earning soars 87pc; markets upbeat

Morgan Stanley reported an 87 per cent rise in third-quarter earnings as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market. Rec

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Upswing in US retail sales spurs growth hopes

US retail sales rose broadly in August and consumer sentiment hit a 14-month high in September, supporting expectations for sturdy economic growth in the third quarter. The data on Friday helped ease concerns about soft consumer s

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Twitter's user growth up 24pc in Q2

Twitter's monthly active users rose a better-than-expected 24 percent in the second quarter as the online messaging service mostly succeeded in stemming a dwindling pace of growth, sending its shares soaring after hours. Twitt

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Asian stocks shake off Wall Street shadow, dollar gains

The dollar pushed higher on Friday and Asian stocks clawed their way off session lows, moving past downbeat results on Wall Street as some investors wagered that upcoming US data will paint an optimistic picture of the world's largest econom

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Five years after Lehman, people still angry at Wall Street

A few years ago, Larry Summers, then the director of President Barack Obama's National Economic Council, held a private meeting with some of Wall Street's top bankers and executives. &

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Facebook stock almost hits IPO price

Facebook's stock on Tuesday came within a hair of reclaiming its $38 debut price for the first time since going public in 2012, a milestone in the social networking company's effort to wipe away Wall Street's skepticism of its busine

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Goldman Sachs doubles Q2 profits

Goldman Sachs Group Inc said on Tuesday quarterly profit doubled, beating Wall Street estimates, boosted by returns from investing the bank's own money. The investing and lending segment, which tracks the bank's investment

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'Don't worry about a stock market drop'

  A feeling of vertigo may seem natural as Wall Street approaches a record and stock markets around the world climb to their highest levels since 2007.   With the Standard & Poor's 500-stock

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Wall street ends week with 5th straight decline

Stocks fell for a fifth straight day on Friday, dropping one per cent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight.

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