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MLB hot stove: Nationals interested in bringing in All-Star Josh…

“The Nationals and Josh Harrison have “mutual interest” on getting a deal done” reports sportingnews.com. Washington also has interest in free-agent utilityman Marwin Gonzalez, who played every infield spot for the Astros last season.He has played all eight seasons of his career with the Pirates.According to the Washington Post, the Nationals are looking to sign an infielder to a shorter-term deal while they wait for the arrival of younger players like Carter Kieboom, 21, or Luis Garcia, 18. Source: sportingnews.com Share This:

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Why are markets falling, and are we heading for global recession?

“Oil prices have had a rollercoaster couple of years, so a surge or sudden drop in the price of crude could pose problems for the world economy” writes Nils Pratley Financial for theguardian.com. Added into the mix is the risk that Trump’s trade war with China could escalate with damaging consequences for the world economy.Global growth is forecast to plateau, while some major nations including the US and China are on track to see slower rates of growth.Besides the risks from Brexit, the US-China trade war and the Fed aggressively…

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Here’s how the Fed may ‘feel the market’ — and it may not be to the president’s liking

“Investors are still pricing it over a 70% chance of an interest rate hike Wednesday” writes Senior Economics Reporter for marketwatch.com. In general, economists think the Fed will not be deterred from tightening because of the recent market weakness.President Donald Trump on Tuesday urged the Federal Reserve to “feel the market” and stop raising interest rates. Source: marketwatch.com Share This:

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The Fed’s next decision is its most important in recent memory — and the future of the stock market is at stake

“The blonde-haired elephant in the room when it comes to the Fed decision is President Donald Trump’s continued insistence upon criticizing the Fed” writes Joe Ciolli for businessinsider.com. They’ll devour any bit of guidance from Powell and his colleagues for any hint of what’s ahead for interest rates.If the central bank signals too much future monetary tightening for the market’s tastes, the 10-year bull market could meet its demise.A big part of that stems from the turbulence that’s rocked the stock market in recent weeks.Read more:We just got the most…

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European markets falter as oil prices plummet and U.S. interest rate hikes loom

“European markets were mostly in the red on Tuesday, as crude oil prices plummeted to new lows and investors remained jittery over an expected U.S. interest rate hike” writes Emily Horton for marketwatch.com. Energy stocks were also hit, the National Grid PLC NG., -6.10%  declined by 4%. Source: marketwatch.com Share This:

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Stock markets tumble as investors fret over the Fed and China trade

“Top U.S. stock indexes all closed with losses on Monday as investors fretted over the state of U.S.-China trade talks and an expected looming interest rate hike from the Federal Reserve” reports washingtonexaminer.com. Worries over the Trump administration’s ongoing negotiations with China on a trade deal and uncertainty surrounding an upcoming vote in January in the British Parliament on Prime Minister Theresa May’s Brexit deal are also undermining investor confidence.”In this environment, all the market needs to go lower is an absence of good news,” he told the Washington Examiner.A…

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Dow takes heavy losses of more than 500 points, with no sign of a Santa Rally ahead

“The Dow Jones industrial average closed down off 507 points, or 2.1 percent, at 23,592, extending a slide after a 496-point loss Friday” writes Thomas Heath Is for washingtonpost.com. U.S. stock markets again swept downward Monday as criticism about the Federal Reserve’s pace of interest rate hikes has kicked up a fresh round of year-end volatility.The Dow and S&P 500 are now down around 5 percent for 2018.The $50 mark is crucial because oil producers find the path to profits more of a slog at sub-$50 prices. Source: washingtonpost.com Share This:

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Trump says ‘it is incredible’ that the Fed is considering hiking interest rates again

“President Donald Trump took another shot at the Federal Reserve on Monday, saying he thinks “it is incredible” that “the Fed is even considering yet another interest rate hike.”” writes Yuri Gripas for cnbc.com. The Federal Open Market Committee is meeting this week to set interest rates. The U.S. central bank is widely expected to raise rates after the meeting, which would be its fourth hike this year. Source: cnbc.com Share This:

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Robinhood just upped the ante on consumer deposits with 3% interest paying accounts

“Commission-free trading startup Robinhood has upped the ante on the battle for consumer deposits with the launch of high interest rate paying accounts, per the company’s blog post” writes Mekebeb Tesfaye for businessinsider.com. As such, this is an added feature to existing Robinhood accounts and is not a separate account or a bank account, per the company’s website.The startup’s interest rate significantly undercuts established lenders and is likely to attract their customers’ deposits.For incumbents, that the likes of Robinhood are now expanding out of their core propositions to attract their…

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