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Stocks plunge, oil & gold spike after Trump taunts Russia with missile strikes in Syria

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Global stocks dropped while oil and gold surged on Wednesday following the escalation of tensions in the Middle East between nuclear superpowers Russia and the US. The S&P 500, Dow Jones and the Nasdaq Composite were losing almost a percent after US President Donald Trump tweeted a warning to Russia on Wednesday to “get ready” for Syrian missile strikes. “Russia vows to shoot... 

I Will Vote For Trump, Because Hillary Will Destroy The Whole World - Marc Faber

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Whenever Marc Faber appears in the financial media, in this case Bloomberg TV, one can expect the usual fire and brimstone sermon of how micromanagement of the global economy by central bankers will lead to disastrous results, something which we agree with wholeheartedly and as of two months ago, so did virtually every billionaire at Davos. Recall that just at the end of January, the WSJ when reporting... 

Wall Street Panics Over Global Recession Fears

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Wall Street plunged Tuesday after investors feared weak data from China, the world’s second-largest economy, would lead to a global recession. China’s manufacturing sector suffered its quickest deterioration in over six years, leading to a three-year market low and other sectors of the Chinese economy also slowed down significantly. In response, all three major U.S. stock indices, the Dow Jones,... 

US stocks fall amid government shutdown

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The US stock market plummeted to its lowest level in almost a month as a federal government shutdown stretched into its third day on Thursday. The Dow Jones industrial average dropped 135 points after the closing bell. The 0.9 percent loss forced the Dow index to close at below 15,000 points. The broad-based Standard & Poor’s 500 index also fell 17 points, or 1 percent, to its lowest point... 

Third major US oil spill in a week: Shell pipeline breaks in Texas

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Thousands of gallons of oil have spilled from a pipeline in Texas, the third accident of its kind in only a week. Shell Pipeline, a unit of Royal Dutch Shell Plc, shut down their West Columbia, Texas, pipeline last Friday after electronic calculations conducted by the US National Response Center showed that upwards of 700 barrels had been lost, amounting to almost 30,000 gallons of crude oil. By Monday,... 

Stocks Fall Anew on Debt Worries and the Economy

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After just a few days of calm, stock markets heaved again on Thursday, sending major American indexes down as much as 5 percent on persistent worries about the economy and Europe’s debt problems. The turmoil of last week returned with a vengeance as investors dumped stocks of companies that would suffer if worldwide growth slowed and the United States, in particular, broached another recession. But... 
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