Archive for December 21st, 2018

As the Dow Jones Industrial Average faces its ugliest Decembers loss since 1931, the time of the Great Depression, there is another notable way to put the severity of this persistent bout of losses into historical context.

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The retailer is weighing closing to 50 to 80 more stores at the end of the year, people familiar with the situation tell CNBC. That could bring Sears' footprint closer to 400 stores. Lampert has said he wants to buy roughly 500 stores.

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<p>Stocks plunged again Friday, bringing the Dow Jones Industrial Average's losses for the week to nearly 7 percent and ending its worst week since the financial crisis in 2008. The Nasdaq Index fell into a bear market, and the S&amp;P 500 was on the brink of one itself, down nearly 18 percent from its record earlier this year.</p>

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<p>Stocks fell Friday as a weeklong equity exodus put the major indexes on track for one of their worst weeks of the year. Investors grew nervous after President Donald Trump the administration is "very prepared for a long [government] shutdown."</p>

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<p>Oil prices extended this week's sell-off Friday, posting the worst weekly performance in nearly three years, as global oversupply kept buyers away from the market ahead of the long festive break.</p>

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Nearly 800,000 people could lose their access to food stamps if US president Donald Trump gets his way.

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Halfway through Donald Trump’s first term, it’s getting easier to piece together an account of how his policies are supposed to drive economic growth.

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Family farms can’t survive low milk prices, tariffs and terrible government policies.

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The stock market is worried about growth; should you be too?

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It's only a matter of time before the next economic downturn comes along. How ready is your state?

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USA-ECONOMY/GDP (URGENT) (CORRECTED):REFILE-U.S. third-quarter economic growth revised down to 3.4 percent

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<p>U.S. stocks posted slight gains Friday, but steep losses since the Federal Reserve's decision to hike interest rates on Wednesday kept the major equity indexes on track for one of their worst weeks of the year.</p>

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<p>U.S. stock index futures pointed to gains on Friday, but steep losses since the Federal Reserve's decision to hike interest rates on Wednesday kept the major equity indexes on track for one of their worst weeks of the year.</p>

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<p>At around 04:50 a.m. ET, Dow Jones Industrial Average futures shed 124 points, indicating an implied gain of around 13 points at the open. Both the S&amp;P 500 and Nasdaq futures also pointed to modest opening gains.</p>

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The stock market is worried about growth; should you be too?

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