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Midweek Sector Update: China’s Stock Market Crash Looming Large Over Oil Prices

Reported by OilPrice.com
Oil prices continue to defy even some of the most pessimistic expectations, with WTI falling substantially below $50 per barrel, dropping near $47 on July 27. WTI is now within $3 of its March low, essentially erasing all the gains made in the intervening months. The reasons for renewed descent to.. »more

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GOVERNMENT »
News article

Cramer: 'In This Great Bear Market That Is China, The Government Will Be Able To Stabilize The Rate Of Decline'

After suffering significant declines on Monday, the Shanghai Composite Index again opened drastically lower Tuesday. However, by the end of closing Monday, the market recovered and ended the day down 1.68 percent.
Benzinga.com 3 hours ago

 
BAIDU »
News article

Baidu Shares Drop On Outlook; China E-Commerce Battles To Intensify

Shares in Baidu, the world’s top Chinese-language Internet search provider, dropped by as much as 6% in U.S. aftermarket trading after the company’s latest financial report disappointed investors.
Forbes.com 17 hours ago

 
EARNINGS »
News article

Global Markets Stabilize; US Indexes Open Higher on Earnings

Global Markets Stabilize; US Indexes Open Higher on Earnings
NEW YORK—U.S. stocks are opening higher after UPS, Ford and other big companies reported earnings gains and as markets in China and Europe stabilized.

The Dow Jones industrial average was up 45 points, or 0.3 percent, to 17,485 as of

Epoch Times 6 hours ago

 
DUPONT »
News article

DuPont's Earnings Don't Show Need To Rethink CEO Ellen Kullman's Turnaround Plan

A tough earnings environment, in addition to the Chemours spin, does force Ellen Kullman to continue pressing her case for DuPont's turnaround strategy and its ongoing operations.
Forbes.com 3 hours ago

 
SUPERVALU »
SUPERVALU Soars on Earnings Growth, Spinoff Plans
The supermarket chain did better than expected and is considering separating its Save-A-Lot business from its grocery chains.
Motley Fool 6 hours ago

 
STOCK MARKET »
Stock Market Update: Consumers Worry About Future Growth Prospects
The major averages continue holding solid gains. Confidence levels took a ste...
Briefing.com 2 hours ago

 
INSURANCE »
Swiss insurance giant Zurich weighs up a £5.6bn bid for RSA
Cash rich Swiss insurer Zurich is on the takeover war path and confirmed recent speculation that it was considering an offer for RSA.
thisismoney.co.uk 4 hours ago

 
UK GDP »
GBPUSD: Traders Take a Glass-Half-Full View of UK GDP
It’s been a generally quiet Tuesday in global markets, with the US dollar regaining some of yesterday’s lost ground, WTI edging higher after hitting a new 4-month low under 47.00, and gold marking time below 1100. The only economic data release of note was the UK’s preliminary GDP reading for..
FXstreet.com 7 hours ago

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