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Stocks are falling flat on retail sales and consumer confidence data

Text size Chinese retail sales fell unexpectedly in July. Getty Images The S&P 500 closed nearly flat on Friday as investors weighed mixed data on consumer confidence and retail sales against an upcoming trade meeting between Chinese and US officials. While major US retail sales missed forecast and a monthly increase of 1.2% fell short of the 2% estimate, the …

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Duck Creek shares open 56% above the IPO price

Shares DCT of Duck Creek Technologies Inc., + 45.78% Public life started on a big rally as the first trade was 55.6% above the $ 27 market price, which was above the previously expected range. The Boston-based software-as-a-service (SaaS) company for the property and casualty insurance industry raised $ 405 million in its initial public offering, which equates to a …

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Novavax shares rise after deal to deliver 60 million doses of coronavirus vaccine to the UK

Dr. Sonia Macieiewski (R) and Dr. Nita Patel, director of antibody discovery and vaccine development, are examining a sample of a respiratory virus on March 20, 2020 at the Novavax laboratories in Rockville, Maryland, one of the laboratories that have developed a vaccine for the coronavirus COVID-19. Andrew Caballero-Reynolds | AFP | Getty Images Novavax shares rose Friday after the …

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Stocks are trading a little weaker after retail sales rose weaker than expected

Stocks got off to a slightly weaker start on Friday, falling after a weaker-than-expected surge in retail sales in July, raising questions about the persistence of the economic setback following the spring pandemic-induced collapse. Market participants also prepared for a round of virtual trade talks between the US and China this weekend, amid mounting tensions between the two countries. What …

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What a currency expert says bears are overlooking the dollar

It is a popular time to be a dollar bear as the Federal Reserve runs the proverbial money printing machines as fast as possible and the US: DXY dollar index Nearly 10% down from March highs. Robin Brooks, chief economist at the Institute of International Finance and former chief global currency strategist at Goldman Sachs and senior economist at the …

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Should you buy Tesla now or wait until after the stock split?

Tesla (NASDAQ: TSLA) is one of the most visited companies on the stock exchange. It’s rare for investors Not Having an opinion about CEO Elon Musk and his company, be it very positive or extremely negative. In just over a decade, Tesla has grown from a cheeky, cocky upstart to an industry leader. Tesla has a habit of surpassing new …

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