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  • The bear market for gold likely hasn’t seen its bottom, according to Goldman Sachs (NYSE:GS) . The multinational investment banking firm says gold is at risk of dropping below $1,000 an ounce, as global demand for the yellow metal wanes. Back in June Goldman forecasted bullion to fall to $1,050 an ounce by the end of

  • Business » Twitter rumors confirmed, IPO coming
    September 14, 2013, 09:15 GMT

    On Thursday, Twitter (NYSE:TWTR) , a social media giant that has made its way into virtually every aspect of society, announced it would be hitting the public markets in the near future. The company submitted a confidential filing for an initial public offering with the SEC. Twitter decided to reveal this news in a tweet on

  • Economic data from China has topped headlines this week, suggesting the world’s second largest economy gained traction in August. China’s trade balance widened to $28.6 billion US last month, led by robust export growth. Consumer inflation moderated to 2.6 percent for the year ending August 31 after reaching 2.7 percent in July. Wholesale inflation dropped

  • Stock market » Dow changes announced
    September 10, 2013, 17:13 GMT

    The Dow Jones Industrial Average changed shape on Tuesday morning when it was announced significant changes will be taking effect soon. Over the last two years we have seen no change within the index, however, the 30 stocks which comprise the index do change regularly. On September 20th, Alcoa (NYSE:AA) , which traditionally kicks off earnings

  • America’s benchmark gauge, the Standard and Poor’s 500, will rise 8 percent over the next 12 months on the strength of broad economic growth, according to Goldman Sachs Group Inc (NYSE:GS) . According to David Kostin, Goldman’s chief US equities strategist, investors should buy into companies that generate most of their revenues domestically. Goldman’s prediction comes

  • Stocks in the US moved higher on the open as confirmation of Bernanke stance on monetary policy remained the same with a dovish tilt. The Chairman later needed to face a question and answer session from the House of Representatives, formerly known as the Humphrey Hawkins testimony. Housing starts were released prior to the opening

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