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2 Articles
Source: Common Domain

U.S. Stocks Jump, Erasing Some Recent Losses

Tuesday 20:58 GMT

U.S. stocks soared Tuesday as a broad rally across all 11 sectors of the S&P 500 helped erase losses from the start of the week.

Shares of fast-growing companies have oscillated between large gains and losses over the past month as investors questioned whether the rally in the group had been overdone. In early afternoon trading, the Dow Jones Industrial Average jumped 414 points, or 1.6%, to 25665 a day after posting its sixth loss in eight trading sessions, while the S&P 500 added 1.6% and the Nasdaq Composite climbed 2.1%.

1 Article
Source: DW

Italy sends EU Commission disputed budget proposal

Tuesday 19:07 GMT

The populist Italian cabinet gave the green light to the country's 2019 budget on Monday evening, sending off its financial framework to Brussels after the Senate approved the new budget law last week.

Since 2013, the EU body has the power to dismiss the budget proposal and ask the individual members to draw up a new one. After receiving the fiscal plan, the EU Commission has two weeks to raise its objections if the document violates the EU rules.

1 Article
Source: Common Domain

British pound rallies after wage data, shrugs off Brexit troubles for the day

Tuesday 20:58 GMT

Major currencies like the U.S. dollar and the euro were muted early Tuesday, while the British pound led developed market gainers on the back of supportive wage data.

Check out: The stock retreat is only the latest reason analysts believe the dollar rally is over. In the U.K., wage data from August showed wages growing at their fastest pace in almost 10 years. Still “we think markets are being overly optimistic on both Brexit risk and the economic outlook, and the two are intertwined.”

1 Article
Source: Common Domain

U.S. stocks poised to rise after Monday’s tech-driven selloff

Tuesday 20:57 GMT

U.S. stock futures on Tuesday were tracking higher and teasing modest gains for the main benchmarks a day after stocks finished lower, led by a decline in technology and internet-related companies.

Deutsche Bank in a Tuesday research report said it is upbeat on U.S. equity markets, citing strong global growth, adding that U.S. stocks “do not fully reflect the U.S.’s strong economy.” Goldman Sachs Group Inc. GS, +0.63% and Morgan Stanley are among the big bank names reporting later this morning, while streaming-video group Netflix Inc. NFLX, -1.89% will report after the close of trade.

1 Article
Source: CBS News

Teresa Giudice's daughters defend father Joe Giudice as he faces deportation

Tuesday 19:07 GMT

On Sunday, Gia Giudice, daughter of "Real Housewives of New Jersey" star Teresa Giudice and Joe Giudice, wrote on Instagram that their family needs their father to come home after he is released from prison.

"The deportation has always been a thing in the back of the family's mind, but now it's a harsh reality," the source told ET. "As much as Teresa said she would live in Italy with Joe in the past, that most likely won't happen as her father is in the states, and so is her family and friends. If Joe doesn't win the appeal, his relationship with Teresa is in question."

1 Article
Source: Washington Post

Archaeologists find ‘vampire burial’ site of a child feared capable of rising from the dead

Tuesday 14:31 GMT

The stone had teeth marks, leading archaeologists to believe it had been deliberately inserted into the child’s mouth after death — a bizarre, ancient practice to keep the child from rising from the dead and spreading the disease.

Inside a miniature tomb, in the middle of what used to be a sprawling Roman villa, is the body of a 10-year-old child who died more than 1,500 years ago. The skeleton is on its side, its mouth agape and stuffed with a limestone rock about the size of a big egg.

3 Articles
Source: DW

Italy ends beacon 'Riace model' for migrant integration

Tuesday 13:35 GMT

Italian authorities want to relocate some 200 migrants, starting on Monday, from the small Calabrian town of Riace, according to Italy's Interior Ministry.

Lucano, who is under house arrest, has decried the charges leveled against him, saying: "How is it possible to think of destroying the 'Riace model,' which has been described by innumerable people, politicians, intellectuals and artists, as an extraordinary experience?"

1 Article
Source: Common Domain

Europe markets struggle as global stocks teeter

Tuesday 12:42 GMT

European stocks struggled at the start of the week, as investors weighed up geopolitical tensions and looked ahead to U.S. earnings season, in the hopes that strong corporate results might provide the next positive leg for stocks.

The Stoxx Europe 600 SXXP, -0.09%  was flat at 358.86, after closing down by 0.2% on Friday and shedding 4.6% for the week. Europe stocks logged the biggest weekly decline in months last week, after a two-day meltdown for U.S. stocks.

1 Article
Source: Common Domain

Lavazza and Illy Say ‘Basta’ as Global Coffee Wars Come to Italy

Sunday 14:30 GMT

TURIN, Italy—Two of the best-known names in Italian coffee are bolstering their businesses, hoping to secure their independence as global coffee giants Starbucks Corp. and Nestlé SA make incursions into their turf.

Nestlé, a Switzerland-based multinational, accounts for almost a quarter of the world market for fresh and instant coffee, excluding coffee sold in coffee shops, according to Euromonitor.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte