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U.S stocks rebounded on Friday, wiping out weekly losses as the banking sector led gains. U.S.-listed shares of Deutsche Bank soared more than 13% in the last session of September, after Agence France-Presse reported that the Germany’s biggest lender is nearing a $5.4 billion settlement with the U.S. Department of Justice in its sub-prime lendingRead More
U.S stocks dropped sharply on Thursday after two straight days of gains. The Dow Jones industrial average fell 0.83% to 18,187.83, with losers outnumbers gainers. Pharmaceuticals major Merck led decliners today, down more than 2% so far. Merck, Mylan and other drug companies are facing scrutiny over increases in product prices.Read More
Paychex, Inc. announced better-than-expected results for the fiscal first quarter before the market open on Wednesday. The New-York based company reported total service revenue of $785.5 million for the three months ended August 31. That was up 8.6% from $712.2 million revenue reported for the same period last year.Read More
Silver dropped for a third day in a row on Tuesday, hitting the lowest in more than a week at around $18.960 per ounce. The decline was due to a firmer dollar, weakening oil prices and the outcome of the first presidential debate that sent investors towards riskier assets, after a Clinton victory that relievedRead More
After soaring more than 20% in the year to date, shares of Twitter Inc. seem to be suffering from a perception of being overvalued compared to other social media platforms. Twitter stocks traded around $22 on Friday amidst rumors of a buyout, which have kept re-surfacing for months.Read More
Nasdaq 100 dropped on Friday, denting weekly gains on the face of a strengthening U.S Dollar and retreating oil prices. The dollar climbed against most major currencies following hawkish comments from Boston Federal Reserve President Eric Rosengren that U.S short-term rates should be increased gradually now to avoid economic imbalances and a sudden spurt inRead More