News Stocks 

Dow’s decline despite bullish breadth is Coca-Cola’s fault

“The stock’s price decline of $3.81 was shaving about 26 points off the Dow’s price” writes Reporter Editor for marketwatch.com. That would be the biggest one-day percentage decline since it dropped 8.7% on Oct. 9, 2008, in the midst of the financial crisis.The Dow Jones Industrial Average DJIA, -0.41% is down 23 points, even though 18 of 30 components are trading higher, and despite bullish broader market breadth data, because of the sharp price drop in Coca-Cola Inc.’s KO, -8.44% stock.The beverage giant’s stock tumbled 7.7% in afternoon trade after…

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Markets News 

Gold ends lower, building on a weekly decline

“Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week” writes Markets Commodities Reporter for marketwatch.com. April gold GCJ9, +0.04% lost $1.20, or less than 0.1%, to settle at $1,313.90 an ounce, trading about 0.4% lower for the week so far.Providing critical information for the U.S. trading day.Gold and the dollar tend to move inversely. “With the gold market down six dollars in the face of another upside breakout in the dollar, it is clear the market is facing…

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Markets News 

Gold falls, building on its weekly decline, as geopolitical tensions ease for now

“Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week” writes Markets Commodities Reporter for marketwatch.com. April gold GCJ9, +0.06% lost $1.20, or less than 0.1%, to settle at $1,313.90 an ounce, trading about 0.4% lower for the week so far.Providing critical information for the U.S. trading day.Gold and the dollar tend to move inversely. “With the gold market down six dollars in the face of another upside breakout in the dollar, it is clear the market is facing…

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Brokers News 

Kabu Sees Lowest Monthly Revenues in Over Three Years

“For the five months prior to January, the firm averaged 619.6 million yen ($5.61 million) in brokerage fee-based revenue” writes David Kimberley for financemagnates.com. In terms of commission fees, the broker managed to rake in 461 million yen ($4.17 million) last month.For example, revenue derived from equities trading declined to 209 million yen ($1.89 million).The firm reported total revenue from its market making activities as 595 million yen ($5.38 million) in January. Source: financemagnates.com

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Crypto Markets News 

How We Will Remember the Year of the Dog? ICO Market Decline, Trend Toward Compliance and Other Takeaways

“Crypto market experienced a major plunge, delving into a full-on bear mode, which still stays as of press time” writes Stephen O’neal for cointelegraph.com. That marked an important step on Wall Street’s path to the crypto market.Having recognized that the rules have changed, new projects on the crypto market are being designed to comply with the law from the very start.Nevertheless, if Facebook confirms the news, the crypto market is expected to gain a lot of relevance for the mainstream financial world.Overall, stablecoins attracted a lot of institutional capital throughout…

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Markets News Oil 

Oil logs sharp decline on energy demand risks and a possible boost to Libyan output

“The added supply could bring more oil to the global market and put downward pressure on prices” writes Markets Commodities Reporter for marketwatch.com. Oil futures declined sharply on Thursday, pressured by worries about energy demand, a stronger dollar and reports that Libya could soon increase production. Source: marketwatch.com

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News 

Twitter sinks after saying its monthly user base continued to decline

“Twitter was down more than 7% to $31.65 a share early Thursday after saying its monthly user base has continued to decline” writes Finanzen Net Gmbh for businessinsider.com. That trend continued in its third quarter, when the company said its number of monthly active users fell by 1% from a year earlier.The social-media company said it has 321 million monthly active users in the fourth quarter, in line with Wall Street forecast, but down 9 million on a yearly basis. Source: businessinsider.com

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News Stocks 

Biogen stock declines as patent office says Mylan patent win likely

“BIIB, -1.11% shares declined in the extended session Wednesday after the U.S. Patent and Trademark Office said Mylan NV could likely succeed in a patent challenge to a Biogen multiple sclerosis drug” writes Wallace Witkowski for marketwatch.com. Biogen shares fell 2.8% after hours, following a 1.1% decline to close at $333.24.On the other hand, shares of Mylan also declined, falling 1.5% after hours, following a 0.4% decline to close at $30.97.In a decision, the USPTO said that of 20 patent claims against Biogen’s drug Tecfidera, Mylan “has demonstrated a reasonable…

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