U.S. Stock Futures Rise After Promising Vaccine Study

U.S. stock futures rose Wednesday as investors cheered promising results from the study of an experimental coronavirus vaccine while awaiting earnings from more of the nation’s biggest financial companies. Futures tied to the S&P 500 ticked up 1%, signaling a second day of gains for the benchmark index. European stocks…

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ASML Sticks to 2020 Outlook as Net Profit Rises

ASML Holding NV said Wednesday that net profit for the second quarter rose sharply, driven by higher sales, and that its growth outlook for 2020 remains unchanged relative to the start of the year despite the coronavirus pandemic. The Dutch maker of semiconductor equipment ASML, -0.52% ASML, +2.11% made a…

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3 Moneymaker Stocks to Buy If the Market Crashes

Longtime investors have seen some crazy things transpire over the years, but nothing could have prepared them for the volatility caused by the coronavirus disease 2019 (COVID-19) pandemic. With the first-half of 2020 now in the books, we’ve witnessed the benchmark S&P 500 lose more than a third of its…

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No ‘Phase 2’ China Trade Deal Could Be Bad News For Stocks

President Trump spent the last year overhyping the prospects of a trade deal with China to boost the stock market. It seems now after China abandoned US farmers for Latin American ones – Trump has partially come clean about the flimsy deal and said Friday, a ‘Phase 2’ trade deal…

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Coinbase Inc has Started Plans for a Stock Market Listing

Reuters – Coinbase Inc has started plans for a stock market listing that could come as early as this year, making it the first major U.S. cryptocurrency exchange to go public, according to three people familiar with the matter. The listing would need the U.S. Securities and Exchange Commission’s (SEC)…

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Microsoft is Well Positioned to Grow its Share of Enterprise Spending

Microsoft (MSFT) is well positioned to grow its share of enterprise spending on information technology even as overall IT budgets decline this year, investment bank Morgan Stanley said Thursday. Microsoft stock notched a record high on the news.… Read More Microsoft is Well Positioned to Grow its Share of Enterprise…

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Battle of the Hedge Funds is Brewing in the Bankruptcy Auction

A battle of the hedge funds is brewing in the bankruptcy auction of the McClatchy Company, one of the nation’s largest and most decorated newspaper chains, pitting Chatham Asset Management and Brigade Capital Management, both debt holders in the chain, against a newcomer to the proceedings, Alden Global Capital.… Read…

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Google Expands in Indonesia’s Cloud Services Battleground

JAKARTA — Indonesia is becoming a hot spot for global technology companies keen to get into one of Asia’s fastest-growing data markets, where e-commerce and food delivery services are rapidly expanding due to the coronavirus pandemic. The trend toward data localization is also drawing the tech titans to the world’s…

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