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Stocks in the U.S. stabilized on Wednesday after an earlier slump had spilled into markets in Asia and Europe, ending a period of relative calm.
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Investors are getting accustomed to a familiar pattern known on Wall Street as ‘TACO' — the assumption that the president eventually reverses policies that threaten to sink the market
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U.S. President Donald Trump on Wednesday backed off from his plan to impose new tariffs on some European countries resisting his effort to obtain Greenland and promised he wouldn't use force to get the Danish territory, sparking a rally for stocks.
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The episode may show the limits of President Trump's ability to cajole the financial industry into voluntarily giving up billions of dollars in revenue.
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Retail investors are diving into the stock rotation as the year kicks off, shifting away from crowded growth trades and into assets with direct links to the real economy, according to Citadel's Scott Rubner.
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Stock Market Today: Dow Gains 200 Points After Trump Speech — Live Updates The Wall Street JournalGlobal markets turn sharply as Trump continues to push for control of Greenland NBC NewsBloomberg Tech: Trump Rattles Europe Defense Tech Stocks BloombergStock market today: Dow, S&P 500, Nasdaq jump after brutal sell-off as Trump rules out force on Greenland Yahoo Finance UK
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China is praised for being a global alternative-enegy innovator. But its coal mining industry holds the real power.
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Foreign investors have piled into shares of technology-focused companies and other smaller stocks in China, encouraged by their likely inclusion in MSCI's global benchmarks.
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