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Wall Street gears up for busiest earnings week in years

Forget about French elections or the flagging Trump trade. Corporate America is set to unleash its biggest profit-reporting fest in at least a decade next week, with more than 190 members of the S&P 500 index .SPX delivering quarterly scorecards, according to S&P Dow Jones Indices data. The lineup accounts …

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Asian stocks set for cautious start on weak U.S. cues

Asian stocks may slip for a second consecutive day on Thursday as a weak Wall Street and declining commodity prices, especially for oil, prompted investors to trim their exposure to risky assets. With the outcome of the French presidential elections due at the weekend, markets are set to trade in …

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Yahoo’s first-quarter revenue jumps 22 percent

Yahoo Inc (YHOO.O) reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications Inc (VZ.N). Yahoo said revenue from Mavens – the mobile, video, native and social advertising units that it has touted as key emerging businesses – …

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Steel, stimulus drive China’s strongest economic growth since 2015

China’s economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. Growth of 6.9 percent was the fastest in six quarters, with forecast-beating March investment, retail sales and exports all …

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Uber’s revenue hits $6.5 billion in 2016, still has large loss

Ride-hailing service Uber Technologies Inc [UBER.UL] generated $6.5 billion in revenue last year and its gross bookings doubled to $20 billion, the company said on Friday. Its adjusted net loss was $2.8 billion, excluding the operation in China it sold last year, Uber said. As a private company, now worth …

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U.S. retail sales, inflation data highlight weak first quarter growth

U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time in just over a year, underscoring the magnitude of the loss of economic growth momentum in the first quarter. But with the labor market near full employment, Friday’s weak reports failed …

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Google offers at least $880 million to LG display for OLED investment: Electronic Times

Google Inc has offered to invest at least 1 trillion won ($880.29 million) to help South Korea’s LG Display Co Ltd (034220.KS) boost output of organic light-emitting diode (OLED) screens for smartphones, the Electronic Times reported on Monday citing unnamed sources. The paper said Google offered the investment to secure …

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Weather dampens U.S. job growth; unemployment rate drops to 4.5 percent

U.S. job growth slowed sharply in March amid continued layoffs in the embattled retail sector, but a drop in the unemployment rate to a near 10-year low of 4.5 percent suggested labor market strength remained intact. Nonfarm payrolls increased by 98,000 jobs last month, the fewest since last May, the …

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Stocks skid, safe-haven assets jump as U.S. missiles strike Syria

Safe-haven bonds and the yen jumped in Asia on Friday, while stocks fell after the United States launched cruise missiles against an air base in Syria, raising the risk of confrontation with Syrian backers Russia and Iran. The U.S. dollar dropped three-quarters of a yen in currency markets, while sovereign …

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GM remains most valuable U.S. car company, Tesla is No. 2

Tesla Inc (TSLA.O), whose market capitalization passed that of Ford Motor Co (F.N) on Monday, still trailed General Motors Co (GM.N) as the most valuable U.S. auto firm in mid-day trade on Tuesday. Tesla traded at $301.74 at mid-day and had a market capitalization of $49.1 billion, according to Thomson …

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