Fed’s Evans sees possibility of up to 4 interest-rate hikes in 2019

Chicago Federal Reserve President Charles Evans is sticking with his projection that interest rates could comfortably run above the so-called neutral rate, a projection that comes as the stock market widely expects the Fed to continue with policy tightening well into 2019. That means the Fed could hike rates up to four times next year, […]

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‘Fantastic Beasts: The Crimes of Grindelwald’ brings in $9.1 million in previews despite mixed reviews

The latest film in the Harry Potter franchise isn’t quite bringing the magic this time around, at least according to critics. Vulture called “Fantastic Beasts: The Crimes of Grindelwald,” the much-anticipated sequel to 2016’s “Fantastic Beasts and Where to Find Them,” a “tedious slog.” Rolling Stone likened the 134-minute feature to an “overload of homework […]

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Market Snapshot: Dow stages fleeting rally on Trump trade comments; Nasdaq falls as Nvidia’s stock weighs

U.S. stock indexes traded mixed Friday, after comments from President Trump, suggesting that trade disputes with China could be resolved, caused the Dow and S&P to swing positive. The Nasdaq has held its losses after a decline in shares of chip makers, led by Nvidia, helped to dent sentiment in the technology sector. How did […]

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It’s time to stop lumping Netflix in with the other FAANG stocks, says analyst

It’s time to stop lumping Netflix Inc. NFLX, -1.40% in with the other FAANG stocks, Imperial Capital analyst David Miller wrote in a note to investors Friday. The FAANG stocks are a quintet of large-capitalization technology and internet companies widely followed by investors, comprising Facebook Inc. FB, -3.52% Apple Inc. AAPL, +1.15% Amazon.com Inc. AMZN, […]

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CryptoWatch: Bitcoin prices set for back-to-back losing weeks after midweek plunge

Bitcoin traded marginally higher on Friday, but was set to book its second consecutive losing week after the recent rout. In Friday trading, a single bitcoin BTCUSD, +1.41%  fetched $5,567.21, up 1.1% since Thursday at 5 p.m. Eastern Time on the Kraken crypto exchange. For the week, the market value of all cryptocurrencies is down […]

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Capitol Report: Mimi Walters loss signals California Republican ‘desperation’ | Alexandria Ocasio-Cortez grapples with sexism, ageism

Rep. Mimi Walters loses as California Republicans feel desperation: GOP Rep. Mimi Walters has been ousted by Democratic Katie Porter, says a Los Angeles Times report citing an updated vote count for last week’s election from Orange County officials. The loss in a congressional district that was a longtime conservative bastion represents another blow to […]

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Economic Report: Industrial production inches up in October as Fed finds record mining output

Bloomberg The BP-Husky Toledo Refinery in Oregon, Ohio. The numbers: Industrial production rose just 0.1% in October, the Federal Reserve reported Friday, but from a far stronger base than previously estimated on new numbers from the oil patch. Compared to 12 months earlier, industrial production rose 4.1%. During October, manufacturing output rose 0.3%, mining output […]

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The Wall Street Journal: Hockney’s ‘Pool’ painting sells for $90.3 million — a record for a living artist

A David Hockney painting of a man in a pink jacket overlooking a sun-dappled swimming pool sold for $90.3 million at Christie’s in New York on Thursday—setting a record for a living artist at auction. The 1972 work, “Portrait of an Artist (Pool with Two Figures),” bested the $58.4 million record set five years ago […]

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Currencies: British pound bounces after worst day in more than 2 years

Currency markets were muted early Friday, recovering from a tumultuous previous trading day that saw the British pound log its worst one-day performance in more than two years though uncertainties over Brexit remain. The ICE U.S. Dollar Index DXY, -0.15%  was little changed in positive territory at 96.961, on track for a modest 0.1% gain […]

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Deep Dive: These two big catalysts could kick the sluggish bull market in stocks into high gear

From the daily flow in the financial media, including “death crosses” and other hair-raising terms, you might think the sky is falling. But two “problems” for investors also contain seeds for tailwinds in the next stock market rally. What is normal? Federal Reserve Chairman Jerome Powell can easily solve one important concern for investors, according […]

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