Break'n News - Art Cashin expects more stock pain as traders worry about Fed losing control of bond market

Longtime trader Art Cashin told CNBC on Friday that investors should brace themselves for a period of stock market volatility as Wall Street digests rising bond yields. “You have to be very careful. There is a fine line. If the market begins to believe that the Fed has somehow lost control of where the bond […]

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U.S. intel report says Saudi crown prince approved killing of journalist Jamal Khashoggi

Saudi Crown Prince Mohammed bin Salman approved the 2018 slaying of journalist Jamal Khashoggi, according to an intelligence report released Friday by the Biden administration. The report, released by the Office of the Director of National Intelligence, cited the crown prince’s control of decision making in Saudi Arabia as well as the involvement of a […]

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Break'n News - Pokémon Go maker Niantic invests in Black game developers to close diversity gap

Trinidad Hermida, Niantic Lab’s Head of Diversity & Inclusion Niantic Labs Pokémon GO maker Niantic Labs announced in early February its Black Developers Initiative (BDI), a program designed to support Black game and augmented reality (AR) app developers. The five-month program will fund new projects for Black game development teams with the intention of building […]

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Britain backs work on new IMF special drawing rights allocation

FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak talks during a TV interview in London, Britain November 22, 2020. REUTERS/Simon Dawson LONDON (Reuters) – Britain on Friday backed work on a new allocation of the International Monetary Fund’s Special Drawing Rights currency that would help poorer countries. “During today’s G20 Finance ministers meeting I […]

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CDC director warns recent decline in U.S. Covid cases may have stalled as variants spread

Dr. Rochelle Walensky, who has been selected to serve as director of the Centers for Disease Control and Prevention speaks during an event at The Queen theater in Wilmington, Del., Tuesday, Dec. 8, 2020. Susan Walsh | AP The decline in Covid-19 cases reported in the U.S. since early January may be flattening, a concerning […]

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Japan cautious on global economy, urges support for poor nations

FILE PHOTO: Japan’s newly-appointed Finance Minister Taro Aso speaks at a news conference in Tokyo, Japan, September 16, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – The global economy warrants caution due to uncertainty over coronavirus vaccinations and variants, though Japan’s economy shows signs of recovery with low infections, Japanese Finance Minister Taro Aso said on Friday. […]

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Blank check firm Big Sky Growth Partners files for U.S. IPO

(Reuters) – Blank check firm Big Sky Growth Partners Inc on Friday filed for an initial public offering of up to $300 million on the Nasdaq, it said in a regulatory filing. The company is co-founded by Mark Vadon, former chairman of online pet products retailer Chewy Inc, who is currently the chief executive officer […]

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Personal income leaps 10% in January thanks to stimulus, but inflation still in check

A fresh round of government stimulus checks sent personal income up to its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday. Personal income jumped 10% after a 0.6% increase in December. That was even higher than the 9.5% Dow Jones estimate. The gain came from the issuance of […]

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