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It's the thick of earnings season and investors aren't willing to place any big bets just yet.
Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.
Stocks rallied Wednesday as investors resumed the advance after a one-day selloff, scooping up tech and financial shares despite Google's potential shutdown of its China operations and mea culpas from the nation's major bank executives.
The rarefied world of Chinese export porcelainTHE West’s trade with China has been at the forefront of globalisation since the days of Marco Polo. Pieces of eight, minted out of South American silver, crossed the Pacific and were used up and down the coast of Asia. Indeed, interruptions in this silver trade ultimately helped bring on the collapse of the Ming dynasty in China in the early 17th century. Later exchanges of tea, spices and then opium served to enrich Western merchants, particularly from Britain.By the 18th century, British, Dutch, Portuguese, Swedish and American trade with
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China was so well established that the new wealthy merchant class it created had taken to emulating the trappings of the landed gentry, designing coats of arms and commissioning entire porcelain services on which to flaunt them. No marriage or promotion was complete without a specially made plate to commemorate it. ...
U.S. stocks looked set to open higher Wednesday, as investor optimism rose on the expectation that interest rates would remain low for some time.
Stocks ended mixed Tuesday, giving up some gains, as the market faltered after a triple-digit rally in the previous session.
The European Commission again objects to a deal approved by America’s Department of JusticeONCE every few years, it seems, the European Commission likes to flex its muscles by going head to head with the toughest, most uncompromising American chief executive it can find. In 2001 it took on the legendary prizefighter “Neutron Jack” Welch of General Electric. Now it has come out swinging against Oracle’s martial-arts grandmaster Larry Ellison. (As the old joke goes: “What’s the difference between God and Larry Ellison? God doesn’t think he’s Larry
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Ellison.”)Now, as then, the battleground is antitrust law. And once again it is not just the American bosses who are feeling the pain of a left-hook from Brussels—so too is America’s Department of Justice, which has approved a merger only for its counterparts in the European Commission to object to it. In 2001 the European trustbusters opposed GE’s $42 billion acquisition of Honeywell—a deal already given the thumbs-up by America’s antitrust officials. On November 9th the commission issued a “statement of objections” (see article) to Oracle’s planned $7.4 billion acquisition of Sun Microsystems, which the Department of Justice approved in August. ...
It's hard out there for a bear. The government practically gift-wrapped a perfect scenario for a market bloodbath Friday, but for some reason traders didn't bite.
Stocks rallied Monday, with the Dow industrials surging to a 52-week high, as investor optimism kept up momentum.
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