Sometimes it takes a stranger to fully appreciate something. Europe’s largest asset manager Amundi Asset Management has produced research showing why US stocks have outperformed the world and why that superior performance can continue. Admitted by two from his Boston office, Craig Sterling, his head of US equities research, and …
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Wednesday’s market minute Global stocks mingled against a falling US dollar as investors wait for a key Federal Reserve policy statement at 2:00 PM EST. The dollar falls to a new two-year low against a basket of its global peers ahead of the Fed’s statement, with traders scared by a …
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Arms maker Remington Arms, one of the oldest gun manufacturers in the United States, filed for Chapter 11 bankruptcy protection for the second time since 2018. The company filed for Chapter 11 in the US Bankruptcy Court for the Northern District of Alabama saying it has been a “fight to …
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Pfizer (PFE) – Get report On Tuesday it was receiving a solid boost, more than 4% after the company’s better-than-expected earnings report. The company reported second-quarter earnings of 78 cents a share, beating estimates by 12 cents. Revenue of $ 11.8 billion sank 11% year-over-year, but exceeded estimates by $ …
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Asian stocks mixed on Wednesday as the company’s sad earnings reports add to pessimism about the widespread economic consequences of the coronavirus pandemic. Tokyo’s Nikkei 225 index lost 1% after Fitch Ratings lowered its outlook for Japan to “negative” from “stable”. “The coronavirus pandemic has caused a sharp economic contraction …
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