U.S. budget deficit to top $1 trillion in 2020 despite strong economy, CBO says

The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but the federal budget deficit will hit…

January 29, 2020

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Stocks crumble as deadly coronavirus spreads, safe havens in demand

Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat the coronavirus, while bonds found favor on expectations central banks would need…

January 28, 2020

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How coronavirus is beginning to hit China’s economy

BEIJING — Preliminary data show the scale at which the coronavirus outbreak is affecting the Chinese economy. At a special press conference on Sunday, Chinese officials indicated the disease will…

January 27, 2020

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Euro near seven-week low after ECB; virus fears support yen

The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China’s…

January 24, 2020

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Japan exports shrink for 13th month in further blow to economy

Japan’s exports fell for a 13th straight month in December, hurt by U.S.-bound shipments of cars, construction and mining machinery, suggesting weak external demand is likely to remain…

January 23, 2020

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Oil falls again as amply global supply seen offsetting Libyan outage

Oil prices edged lower on Wednesday, extending the previous session’s drops, as investors continue to shrug aside the impact of almost all of Libya’s crude production being off-line…

January 22, 2020

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Asia shares lurch lower, flu concerns a possible culprit

Asian shares took a sudden lurch lower on Tuesday as a ripple of risk aversion swept markets, though analysts could find no obvious trigger for the move. Safe-haven…

January 21, 2020

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Dollar holds gains as investors cheer U.S. economic outlook

The dollar began the week on a firm note on Monday as economic data pointed to strength right across the U.S. economy, reducing the likelihood of interest rate…

January 20, 2020

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Which company just hit $1 trillion? Google it.

As Google-parent Alphabet Inc (GOOGL.O) became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are…

January 17, 2020

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