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#PreMarket Primer: Wednesday, June 18: Interest Rates In Focus As Fed Meeting Comes To A Close
Wednesday, June 18, 2014 - 7:14am | 1398With the US Federal Reserve's policy meeting due to finish up on Wednesday afternoon, investors are chomping at the bit for any clues about the bank's future plans for raising interest rates. The bank is widely expected to stay the course with its tapering schedule and reduce its...
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#PreMarket Primer: Tuesday, June 17: US Considering Air Strikes In Iraq
Tuesday, June 17, 2014 - 7:13am | 1213US President Barack Obama met with his top national security advisers on Monday to discuss how to move forward in Iraq. Sunni insurgents have taken control of much of the north of the nation and have been joined by several other groups that oppose oppression by Maliki. The UN has said that...
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#PreMarket Primer: Monday, June 16: Rebels Seize Another Iraqi City
Monday, June 16, 2014 - 7:22am | 1159Sunni insurgents tightened their grip on northern Iraq over the weekend when they overtook Tal Afar, stirring worries that the nation may fall into a civil war. Rebels from the Islamic State of Iraq seized the mostly ethnic Turkmen city on Sunday as they pressed closer to the capital. The...
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#PreMarket Primer: Friday, June 13: US Threatens To Get Involved As ISIS Presses Forward
Friday, June 13, 2014 - 7:16am | 1061After Sunni-led Islamist militants pressed closer to Baghdad on Thursday night, US President Barack Obama threatened to intervene through military air strikes if the movement continues further. The Islamic State in Iraq and the Levant overtook Mosul, Iraq’s second largest city, at the...
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#PreMarket Primer: Thursday, June 12: ISIS Takes A Second City, Baghdad At Risk
Thursday, June 12, 2014 - 7:35am | 1116An Islamic militant group that has been linked to Al-Qaeda took over a second city in as many days this week, posing a direct threat to Baghdad and prompting the Iraqi government to ask for US military support. The group, called the Islamic State of Iraq and al-Sham (ISIS), overran Tikrit and...
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#PreMarket Primer: Wednesday, June 11: PBOC Looking For Stable Monetary Policy
Wednesday, June 11, 2014 - 7:30am | 1109On Wednesday morning, the People’s Bank of China announced that it was planning to keep monetary policy steady throughout 2014, despite conflicting reports from the nation’s finance ministry. The ministry reported that, total fiscal spending in May increased to 1.3 trillion yuan,...
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#PreMarket Primer: Tuesday, June 10: Ukraine And Russia Reach A 'Mutual Understanding'
Tuesday, June 10, 2014 - 7:05am | 1109Newly Elected Ukrainian President Petro Poroshenko’s plans to return the nation to peace inched forward after two days of talks with Moscow over the nation’s divided eastern region. The Ukrainian Foreign Ministry said on Monday that the two sides had reached a “mutual...
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#PreMarket Primer: Monday, June 9: Tyson Foods Wins Bidding War For Hillshire
Monday, June 9, 2014 - 6:51am | 1033The bidding war between Tyson Foods and Pilgrim’s Pride to acquire Hillshire Brands came to a head on Sunday after Tyson offered a final bid of $63 in cash per share. The offer values Hillshire at about $7.7 billion and trumps Pilgrim’s bid by almost $1 billion. The deal will be...
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#PreMarket Primer: Friday, June 6: Payrolls Data May Not Live Up To April's Performance
Friday, June 6, 2014 - 7:22am | 1107US non-farm payrolls data is expected to show a decline in job creation from April to May. However, May’s figures are still expected to be solid with 210,000 new jobs to have been created. April’s increase of 288,000 was the US’ strongest increase in over two years, but the...
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#PreMarket Primer: Thursday, June 5: ECB Meeting To Be The Main Event
Thursday, June 5, 2014 - 7:09am | 1279Since last month’s European Central Bank policy meeting, investors have been on high alert as ECB President Mario Draghi all but promised that the bank would ease at June’s meeting. The bank is widely expected to cut its main interest rate to 0.10 percent and take its deposit rate...
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#PreMarket Primer: Wednesday, June 4: Iran Deal Not Likely To Meet July 20 Deadline
Wednesday, June 4, 2014 - 7:07am | 1284Though Iran, the US, Britian, France ,Germany, Russia and China all agreed to find a long term solution to the ongoing debate over Iran’s nuclear capabilities by July 20, an agreement in just under two months is looking less and less likely. The six world powers and Iran agreed to a short...
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#PreMarket Primer: Tuesday, June 3: Bidding On Hillshire Ramps Up
Tuesday, June 3, 2014 - 7:08am | 1071The bidding war over Chicago-based meats and desserts company Hillshire Brands Co. heated up after Pilgrim’s Pride Corp increased its acquisition offer by $1 billion. The new offer values Hillshire at $55 per share, a step up from Tyson Foods $50 a share offer on Thursday. If Hillshire...
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#PreMarket Primer: Monday, June 2: Beijing's Pro-Growth Measures Seem To Kick In
Monday, June 2, 2014 - 7:03am | 1015It seems that Beijing’s ‘mini-stimulus’ plan provided the Chinese economy with some much needed momentum as data from the region showed a revival in factory activity. China’s official Purchasing Managers’ Index rose to 50.8 in May, the nation’s highest reading in five months. The figure beat...
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#PreMarket Primer: Friday, May 30: Packaged Meat Space Heats Up With Bidding War
Friday, May 30, 2014 - 7:04am | 1019A bidding war in the packaged meat industry kicked off when Tyson Foods made a $6.1 billion bid for Hillshire Brands, topping Pilgrim’s Pride Corp’s offer of $5.5 billion. A combination of either bidder with Hillshire Brands would create the largest packaged meat company. Increasing the drama...
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#PreMarket Primer: Thursday, May 29: Apple To Buy Beats For $3 Billion
Thursday, May 29, 2014 - 7:12am | 1280Apple (NASDAQ: AAPL) inked a deal to buy Beats for around $3 billion, a move that will help the tech company secure a place in the rapidly expanding music streaming space. Beats’ co-founders Jimmy Iovine and Dr. Dre are expected to give Apple more clout in the music world and in turn ease...