Markets Right Now: Stocks rise as US consumer spending grows

The latest on developments in financial markets (All times local): 11:45 a.m. U.S. stocks are higher at midday after the government said spending by consumers strengthened in July as wages and salaries grew. Health care and technology companies are climbing Thursday after the Commerce Department’s report. Drugmaker Gilead Sciences rose 2.3 percent and Google parent company Alphabet added 1.2 percent […]

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‘Game of Skill’: US Markets Tech Provider Launches Bitcoin Betting Game

A new “game of skill” centered around bitcoin’s price changes is going live. Launched by Chicago-based Level Trading Field, Bitcoin Market Predictor now allows users to place bets on the future price movements of bitcoin, adding to a growing list of mechanisms U.S. investors can use to speculate on bitcoin’s price – whether it’s going up or down. While most of the mechanisms […]

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Stock market climbs after economic data

U.S. stock-market indexes rose modestly Thursday, supported by a pair of economic reports that highlighted continued improvement in the economy. Low levels of first-time jobless claims suggest the labor market remains robust, while consumer spending—the biggest driver of the economy—picked up in July thanks to higher income of consumers and low inflation. The S&P 500 […]

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Hays pays first special dividend as international job markets boom

Recruitment firm Hays has hailed a “milestone” year for the firm, declaring its first special dividend on the back of strong international fees, despite a steep fall in the UK market. Hays’ UK business experienced a “marked step-down” after the European Union referendum last June, with jobs in the private sector hit particularly hard. Fees for the UK business in the […]

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Markets Are About to Find Out What China’s Leadership Reshuffle Means

Start your day with what’s moving markets in Asia. Sign up here to receive our newsletter. For most of the year, there’s been an oft-repeated refrain among China-watchers. Whispered in private meetings with clients or loudly spoken by confident brokers, it goes something like this: “Don’t worry about the economy or markets in 2017 — Beijing won’t let anything bad […]

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EUROPE MARKETS: European Stocks Advance As Miners Shine, But Head For Monthly Loss

European stocks moved higher Thursday, as basic resources shares rose following better-than-expected manufacturing data from China, but retail shares struggled after a warning from French supermarket chain Carrefour SA. The Stoxx Europe 600 index picked up 0.5% to 372.89, led by the basic materials and industrials groups, but the consumer services sector fell. The moves came ahead of the first […]

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Strong US data, Wall Street, the dollar, Toshiba, and China PMI in focus

China’s official manufacturing PMI rose to 51.7 in August, beating the 51.3 forecast in a Reuters poll. Meanwhile, the official services PMI dropped to 53.4 in August, compared with 54.5 a month earlier. The August number was the lowest since May 2016, according to Reuters. “If the data in September continues to be supportive, the growth outlook for China’s second […]

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