AP Photo/Steven Senne When the coronavirus pandemic gutted the strongest U.S. economy, many assumed another recession would bring rock-bottom home prices along with it. Instead, home prices defied logical assumptions — and soared to new heights. Paradoxically enough, one of the biggest drivers of the double-digit price hikes is the …
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The 1 Malaysia Development Berhad (1MDB) logo is seen through the window of a car in Kuala Lumpu, Malaysia, in 2016. AFP/Getty Images Goldman Sachs Group Inc. has agreed to a more-than-$ 2 billion settlement with the U.S. Justice Department for its role in Malaysia’s 1MDB scandal, Bloomberg News reported …
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The McAfee logo is displayed at the Mobile World Congress in Barcelona on Feb. 25, 2019. (Agence France-Presse/Getty Images) McAfee Corp. plans to return to the public markets after nearly a decade as a private company, but the security-software company is re-emerging as a structured entity that would take a …
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Pedestrian walking past graffiti declaring that ‘The north is not a petri dish,’ as Greater Manchester holds out against further coronavirus restrictions. AFP via Getty Images Leaders of Greater Manchester, Britain’s third-largest urban area, are resisting the U.K. government’s decision to put their region in the “very high alert” COVID-19 …
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Buy or sell? Getty Images The 33rd anniversary of the “Black Monday” stock-market meltdown is upon us, and if hedge-fund managers are scared of history repeating itself, you certainly wouldn’t know it from the massive overhaul in their positions they’ve undertaken over the past week. Read: This is the last …
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A top White House official recently traveled to Damascus for secret talks with the Assad regime, marking the first time such a high-level U.S. official has met in Syria with the isolated government in more than a decade, according to Trump administration officials and others familiar with the negotiations. Kash …
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Wirecard, headquartered in Aschheim near Munich, this fall faced a parliamentary inquiry into the collapse of payments provider. Christof Stache/Agence France-Presse/Getty Images This year, $ 2 billion is missing at a German fintech company, $ 300 million of sales has been found to be fabricated at a Chinese coffee chain …
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Until Election Day, and maybe for a few weeks afterward if voting results are disputed, expect warnings about stock market volatility. But history has shown the market tends to rally after elections. Charles Lemonides showed that following the past nine presidential elections, the stock market staged long rallies no matter …
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MARKETWATCH FRONT PAGE Bulls are convinced the American consumer — and the stock market — are going to be fine, even if politicians fail to approve another round of fiscal stimulus before next month’s elections. But some economists see consumption taking a big hit after a robust third quarter. See …
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