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Dollar General Surges 10% As Q2 Earnings Blew Estimates

e   The shares of the American chain of variety stores Dollar General Corporation (NYSE: DG) rose 10.68% or $15.06 to close at $156.09 yesterday after the $36.43 billion enterprise easily surpassed the Street estimates for the second quarter of

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Decline In Q2 Capital Expenditure Turns Aussie Bearish

  The Aussie weakened against the greenback yesterday after the country’s capital expenditure dropped unexpectedly in the Q2 2019 as strong investment growth in equipment and machinery was negated by sluggish spending on buildings. The increase in import duties on

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US Air Force To Use Blockchain To Secure Its Supply Chain

  The cryptocurrency market remains bearish with all the top altcoins, barring stable coin Tether (USDT), in the red. Even Bitcoin (BTC) succumbed to pressure and fell below the psychological level of $10,000 again. At the time of writing this

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Pound Down As Queen Agrees To Suspend UK Parliament

  The pound lost ground against its rivals yesterday after the UK Prime Minister Boris Johnson revealed plans to temporarily halt parliamentary activities from mid-September to push through Brexit with or without any kind of agreement. The GBP/USD pair dropped

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Yen Near 3-yr High As Investors Flock To Safe Haven Assets

  The Japanese yen strengthened against the greenback, while 10-year Treasury yields declined as investors ran towards safe-haven assets on concerns that the US-China trade dispute would turn worse as both countries slapped new tariffs on each other’s goods. From

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JnJ Fined $572mln. in Oklahoma Opioid Crisis

  Johnson & Johnson (JNJ) was slapped with a fine of $572 million by an Oklahoma judge after finding the medical devices and pharmaceutical company responsible for fueling the opioid drug epidemic. It is the first decree in the US

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Euro Down As German Business Confidence Hits 7-yr Low

  The eurodollar declined against the greenback yesterday after the data published by Germany’s Ifo institute indicated a decline in business confidence to a seven-year low. Economists are worried that the series of weak economic data signals a recession in

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Africa’s Standard Bank Joins Marco Polo Network

  The cryptocurrency market continues to remain range-bound with bearish bias. Notably, Bitcoin (BTC) hovers around $10,000 level. In the past 24 hours, Bitcoin, which has market capitalization of about $181 billion, has lost 1.3% to trade at $10,158.18. Ethereum

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HP Posts Mixed Q3 Results, Lifts FY19 EPS View

  The stock of HP (NYSE: HPQ) lost 5.92% or $1.12 to close at $17.81 on Friday despite reporting impressive Q3 results. Notably, the company also upwardly revised its non-GAAP earnings outlook for fiscal 2019. The main reason for the

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Bank Indonesia Stuns Market With Unexpected Rate Cut

  The Bank of Indonesia surprised the markets on Friday by cutting the benchmark interest rate for the second successive month in an attempt to boost economic growth amidst a worldwide slowdown. Notably, Indonesia recorded its slowest growth in two

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