Stock Market & Investment News
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GLOBAL MARKETS-Stocks stumble, yields jump on rates outlook
NEW YORK: Global stock markets stumbled again on Friday and U.S. Treasury yields climbed as cautious investors worried about how imminent U.S. interest rate hikes would affect the economy. Read full story
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Netflix hikes prices in US, Canada for most subscription plans
LOS ANGELES: Netflix Inc has raised its monthly subscription price by US$1 to $2 per month in the United States depending on the plan, the company said on Friday, to help pay for new programming to compete in the crowded streaming TV market. Read full story
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Oil's bull run rolls on despite possible China reserves release
NEW YORK: Oil futures settled higher on Friday, boosted by supply constraints and worries of a Russian attack on neighbouring Ukraine, pushing prices toward their fourth weekly gain despite sources saying China is set to release crude reserves around the Lunar New Year. Read full story
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Early holiday shopping hammers US retail sales
WASHINGTON: U.S. retail sales dropped by the most in 10 months in December, likely the result of Americans starting their holiday shopping in October to avoid empty shelves at stores. Read full story
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Sell dollar for everything else is echoing across trading rooms
SELL the dollar and put money into assets such as emerging-market stocks and gold as the world’s economic recovery gathers steam, money managers say. Read full story