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North Korea tensions continue to weigh on global stocks

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The yen on Friday added to a strong weekly rally against the dollar of close to 1.5 per cent, hitting its highest versus the greenback in nearly four months, at 108.73 yen. On the currency front, the USA dollar is trading at 108.82 yen compared to the 109.20 yen it fetched at the close of NY trading on Thursday. The focus on North Korea has largely overshadowed a Labor Department report showing an unexpected drop in USA producer prices in the month of July. Read More »

CIA director: 'No intelligence' to suggest United States on cusp of nuclear war

They expand the envelope", he said. Asked if Americans should worry about rising tensions with North Korea, Mike Pompeo replied that "nothing is imminent". Tillerson, who has repeatedly rejected the idea that the United States seeks regime change in Pyongyang, said there is no imminent threat from North Korea and Americans should sleep soundly despite the fierce rhetoric coming from both capitals. Read More »

Bitcoin Surges Above $4000 For First Time

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Bitcoin trade in Chinese yuan and South Korean won accounted for about 12 percent each. Rising worries about North Korea's nuclear threat have sent investors flocking to perceived safe-havens and alternative assets. "It's a good store of value". CoinDesk also reported that while bitcoin saw an over 10% rise in its market cap in the past 24 hours, other cryptocurrencies, including IOTA and neo, registered increases of over 20%, and the likes of decent, nexus and binance coin registered ... Read More »

Amazon issues refunds for potentially phony eclipse glasses

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A statement from Amazon about the recall said: "Safety is among our highest priorities". In just over a week on August 21st, the USA will experience its first total solar eclipse in almost 40 years. Regular sunglasses do not provide enough protection, since they don't block out the ultra-violet and infrared rays that can damage the eyes. NASA has also listed multiple ways to view the eclipse safely . Read More »

Markets slide, dollar slumps as North Korea fears spike

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On Friday basic resource stocks dropped 2.6% to a month low as metal prices fell. Japanese markets were closed for a holiday. Major U.S. indices had posted record highs in recent weeks. The dollar widened losses against the yen to hit a two-month low. Japan is the world's biggest creditor country and there is an assumption investors there will repatriate funds in a crisis. Read More »

N. Korea nerves push stocks down for third day

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The pause in the program of USA rate hikes has been as a result of inflation becoming a little less dependable in the past few months. "The slight bias to the upside (in stocks) is a result of the CPI number". The yen is often sought in times of geopolitical tension, partly because Japan has a big current account surplus. Stocks ended more than one percent down in Seoul while the won slumped to a three-week low against the dollar as the U.S. Read More »

TSX falls 0.94% as oil drops, geopolitical tensions rise

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India's Sensex shed 0.5 percent to 31,846.73 and benchmarks in Taiwan and Southeast Asia declined. Away from the futures market, London-based gold bullion traders also reported brisk buying by global investors. USA equities had been on track for a 10th-straight record session Tuesday and the dollar was initially up after the JOLTS survey showed job openings hit a record in the United States last month. Read More »

Futures lower as North Korea tensions linger

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Still, analysts said the market seemed to be a bit skeptical that the North Korea situation would grow into a major crisis, noting that the losses were still not that deep. TOUGH TALK: Tensions between the US and North Korea continued to simmer early Friday. Normally, in times of high risk, we find that the stock markets crash as the funds tend to get pulled out of it. Read More »

Trump to Request Possible Probe of China Trade Practices

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The Chinese Ministry of Commerce has stressed the importance of China-US trade ties and urged the US authorities to abide by WTO rules in its trade measures. While China joined in a unanimous UN Security Council decision to tighten economic sanctions on Pyongyang, Mr. Trump has kept up pressure on Beijing to do more. Read More »

Markets extend losses as Korea tensions escalate

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France's CAC dropped 1.6 percent and Germany's DAX fell 1.3 percent. The UK visible trade deficit widened to a 9-month high in June, the Office for National Statistics reported Thursday. The pan-European STOXX 600 was down 0.7% at closing, France's CAC 40 fell 1.4% after a auto hit a group of soldiers in Paris in what is thought to have been a deliberate act, and a fall in bond yields saw Germany's DAX down 1.1%. Read More »

FTSE ends down as shares hit by US-North Korea tensions

The CBOE Volatility Index, better known as the VIX and the most widely followed barometer of expected near-term stock market volatility, rose the most in about 12 weeks.The index ended up 4.93 points at 16.04, the highest level since November 8, when Trump was elected president. Read More »

Tokyo stocks open higher as worries about US-North Korea tensions ease

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On Thursday, the CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the US presidential election. South Korea's KOSPI .KS11 fell 1.7 percent on Friday to its lowest since May 24, but its losses for the week were a relatively modest 3.2 percent. Read More »

Tech stocks lead worst fall for USA market since May

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Banks and retail chains were also among the big decliners. Trump continued to ramp up the rhetoric with a post on Twitter this morning indicating that the U.S.is prepared to take military action against North Korea . Losses at the Snapchat parent ballooned to $443 million in the second quarter, a almost fourfold increase from the same period past year. Its shares tumbled $11.35 to $61.99. Read More »

Markets Right Now: Stocks drop, led by technology companies

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North Korea claimed "only absolute force" can work on someone as "bereft of reason" as Trump and detailed plans to fire a salvo of missiles into waters around the U.S. Brent crude, used to price worldwide oils, declined 29 cents to $51.61 per barrel in London. Tokyo's Nikkei 225 tumbled 1.3 percent, while Seoul's Kospi fell 1.1 percent. Read More »

Prudential Financial, Inc. (NYSE:PRU) Shares Sold by Parsec Financial Management Inc

Fort Washington Investment Advisors Inc acquired 39,913 shares as Prudential Financial ( PRU)'s stock declined 6.41%. Prudential Financial, Inc , is a financial services company. If you are reading this news story on another site, it was stolen and reposted in violation of U.S. and worldwide copyright and trademark laws. Several research analysts have commented on PRU shares. Read More »

Drunk American tourist gives Nazi salute in Germany, gets beaten up

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Dresden police would not give the Americans name or hometown for privacy reasons. The tourist was heavily intoxicated and had a blood alcohol level of 0.276 percent. Earlier this month, Switzerland's Supreme Court upheld the conviction of a man who appeared in 2013 photos making the Nazi salute outside a Geneva synagogue. Read More »

Yuvraj Singh ignored as India squad for Sri Lanka ODIs, T20I announced

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Talented Karnataka batsman Manish Pandey , who recently led the India A squad to a tri-series win in South Africa, made a comeback to the team. Available on Android and IOS. India will play 5 ODIs in Sri Lanka. Squad: Virat Kohli (capt), Shikhar Dhawan, Rohit Sharma (vice-capt), KL Rahul, Manish Pandey, Ajinkya Rahane , Kedar Jadhav , MS Dhoni (wk), Hardik Pandya, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Jasprit Bumrah, Bhuvneshwar Kumar, Shardul Thakur. Read More »

Markets Right Now: Stocks drift lower on Wall Street

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Small-company stocks fell more than the rest of the market. The Vix, a measure of how much volatility investors expect in stocks, jumped to its highest level since May. The sell-off was widespread, with shares in financial and consumer companies leading the declines. Shares of SeaWorld Entertainment Inc. slid 6.2 percent after the theme park operator reported second-quarter revenue that fell short of Wall Street's expectations. Read More »

Gold soars as the U.S. and North Korea wage a verbal war

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Wall Street's so-called "fear gauge", the CBOE Volatility Index, eased after hitting its highest levels since Election Day on Friday (http://www.marketwatch.com/story/wall-streets-fear-gauge-on-course-for-biggest-weekly-surge-in-2-years-2017-08-11). Read More »

United States stocks snap 3-day losing streak in roller coaster week

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Copper traded at $2.912, down 0.25%, while natural gas tacked on 0.23% to $2.991. A spokesman for the Korean People's Army said in a statement that it was "carefully examining" plans for a missile attack on the U.S. The yen tends to benefit during times of geopolitical or financial stress as Japan is the world's biggest creditor nation and there is an assumption that Japanese investors will repatriate funds should a crisis take place. Read More »

Himachal landslide buries two buses, claims 7 lives

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Prime Minister Narendra Modi said he was "pained by the loss of lives" and added that the National Disaster Response Force (NDRF) is going to Mandi to take part in the rescue and relief operations. He will visit the accident site and review the situation. As per latest reports, two buses are feared to have been washed away in the landslide. The Mandi district administration received the information about the incidents around 12.35am and the rescue operation team was rushed to the spot. Read More »

North Korea Has Markets Nervous But Not Panicked

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The Nasdaq Composite Index plunged 2.1% to 6216.87 and the Standard & Poor's 500 Index dropped 1.45% to 2438.21. Tullow Oil sank 6.02 percent and BP forfeited 2.18 percent. On the currency front, the United States dollar is trading at 108.82 yen compared to the 109.20 yen it fetched at the close of NY trading on Thursday. Read More »