Guggenheim Partners Global CIO Scott Minerd said Wednesday that stocks could have further to fall as the markets came to grips with the economic impact from the coronavirus outbreak. Minerd, appearing on CNBC’s “Closing Bell,” said the effects of the virus would soon begin to appear in corporate earnings and the global supply chain. Several
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New Delhi: The Goods and Services Tax Network (GSTN) on Wednesday said it has launched a new toll-free number for GST helpdesk, which will be operational 365 days for answering queries related to the indirect tax. In a statement, the GSTN said it has revamped GST helpdesk by introducing new features to improve taxpayers’ experience
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Jeffrey Gundlach, DoubleLine Capital CEO and Wall Street “bond king,” is pointing the finger at Democratic presidential hopeful Bernie Sanders for the market’s tumultuous rout this week. “If this stock market reversal is due exclusively to the virus, then why is United Healthcare down far more than SPX?” Gundlach wrote in an email to CNBC’s
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Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides and Social Capital CEO Chamath Palihapitiya pose together outside of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic Chairman Chamath Palihapitiya thinks the recent rally by Wall Street’s favorite
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Thomas Fricke | Getty Images There’s aggressive tax planning — and then there’s claiming tax breaks for bodybuilding oils and landscaping. The 2018 tax overhaul has made it harder for filers to claim itemized deductions. The legislation also eliminated a grab-bag of obscure tax breaks, known as miscellaneous itemized deductions. Still, some of the most
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People walk outside a Lowe’s store in East Peoria, Ill. Daniel Acker | Bloomberg | Getty Images Lowe’s shares fell Wednesday after the company reported mixed fourth-quarter results, with sales weaker than expected, and provided a disappointing forecast. Shares are down less than 1% in premarket trading. Here’s what Lowe’s reported compared with what Wall
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Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 7:59 am: 10-year Treasury yield rebounds from all-time low The 10-year Treasury yield climbed on Wednesday, after sinking to an all-time low as investors sought the safety of U.S. government
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By Anirban Nag A sharp pickup in India’s business activity in January signaled momentum returning to Asia’s third-largest economy, although a strong recovery still looks unlikely as consumer demand remains subdued. The dial on a gauge measuring so-called animal spirits showed activity accelerating for a second straight month, with most of the eight high-frequency indicators
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This is a live blog. Please check back for updates. All times below are in Beijing time. 1:50 pm: Singapore’s largest mall operator warns about business impact Singapore’s CapitaLand warned about the short-term business impact from the virus, saying it was hoping for the best but preparing for the worst. The retail landlord, Singapore’s largest, has
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Baseball, known locally as yakyuu (or literally “field ball”), is a national phenomenon in Japan. Masaoka Shiki, one of Japan’s four great haiku masters, wrote several poems praising it. Osaka’s most infamous urban legend centers around it. It’s even more popular than the nation’s native sumo. According to data published by Japan’s Central Research Services
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Describing Indo-US relations as “one of the most important partnerships” of the 21st century, Prime Minister Narendra Modi on Tuesday said increasing the bilateral defence and security cooperation is a very key aspect of this relationship. Addressing a joint press meet with US President Donald Trump after their comprehensive talks on key issues, including trade,
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Virgin Galactic’s spacecraft Unity flies to its new home in at Spaceport America in New Mexico on Feb. 13, 2020. Virgin Galactic Virgin Galactic reported a larger-than-anticipated loss when it reported fourth-quarter results on Tuesday, although the interest from prospective customers in the company’s future spaceflights continued to climb. Shares of Virgin Galactic dropped about
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Virgin Galactic’s stock initially jumped on Tuesday as speculative trading in the space tourism company continued, with its quarterly results coming after the market closes. Shares of Virgin Galactic climbed as much as 8% in early trading but ended the day slightly negative. The stock is near record high levels, as it soared above $40
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A Home Depot employee is seen outside a store in Los Angeles, California. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. Mastercard — Shares of Mastercard fell 6.7% after the credit card company issued a warning that the fast-spreading coronavirus could hurt its revenue this year. “Cross-border travel, and to
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Macy’s reported fourth-quarter earnings on Tuesday that outpaced expectations, helped by a boost from last-minute shoppers who lifted sales in the days leading up to Christmas. Shares climbed as much as 6% in premarket trading, but later lost much of the gains. “Taken as a whole, 2019 did not play out as we intended for
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Home Depot on Tuesday beat Wall Street’s earnings expectations for the fourth quarter, and CEO Craig Menear said the results show that its significant investments are paying off. Here’s what the company reported compared with what analysts expected for Home Depot’s fiscal fourth quarter, based on Refinitiv data: Earnings per share: $2.28 vs. $2.10, expected Revenue:
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