US healthcare stocks seen maintaining momentum after strong 2018

US healthcare stocks seen maintaining momentum after strong 2018

NEW YORK, Jan 14 (Reuters) – One of the rare market bright spots last year, the U.S. healthcare sector remains a Wall Street darling despite a slow start to 2019. Continue Reading Below As 2019 begins, healthcare is the most favored of the 11 main S&P 500 sectors, according to a Reuters review of ratings from 13 large Wall Street research firms, which recommend how to weigh those groups in investment portfolios. MORE FROM FOXBUSINESS.COM…

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Oil slips on concerns about China showdown

Oil slips on concerns about China showdown

Oil prices edged lower on Monday, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand. Continue Reading Below Brent crude futures dipped 22 cents to $60.26 a barrel by 10:55 a.m. EST (1555 GMT), trading as low as $59.27 intraday. U.S. West Texas Intermediate (WTI) crude futures fell 8 cents to $51.51 a barrel, after sinking to a session low earlier of…

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Newmont to buy Goldcorp in $10 billion deal

Newmont to buy Goldcorp in $10 billion deal

Newmont Mining Corp said on Monday that it would buy smaller rival Goldcorp Inc in a deal valued at $10 billion, creating the world’s biggest gold producer by output. Continue Reading Below The deal is the second high-profile merger in the mining industry since Barrick Gold Corp agreed to buy Randgold Resources Ltd in September last year to cut costs. MORE FROM FOXBUSINESS.COM The gold mining industry has come under fire from investors in recent months for poor management of capital. This…

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China’s exports shrink most in 2 years, raising risks in global economy

China’s exports shrink most in 2 years, raising risks in global economy

China’s exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world’s second-largest economy in 2019 and deteriorating global demand. Continue Reading Below Adding to policymakers’ worries, data on Monday also showed China posted its biggest trade surplus with the United States on record in 2018, which could prompt President Donald Trump to turn up the heat on Beijing in their bitter trade dispute. MORE FROM FOXBUSINESS.COM…

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Oil set for weekly gain on trade talk optimism

Oil set for weekly gain on trade talk optimism

Oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the United States and China may soon resolve their trade disputes, and as OPEC-led crude output cuts tightened supply. Continue Reading Below Despite this, markets were held in check by expectations of an economic slowdown in 2019. MORE FROM FOXBUSINESS.COM International Brent crude futures were at $61.62 per barrel at 0749 GMT, down 6 cents, or 0.1…

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Oil falls 1 pct on swelling US supply, concerns on trade talks

Oil falls 1 pct on swelling US supply, concerns on trade talks

Did oil prices hit bottom? PRICE Futures Group senior analyst Phil Flynn on the outlook for oil prices and the impact on the U.S. soybean market from the tariff tensions with China. Oil prices fell by about 1 percent on Thursday on swelling U.S. supply and amid a cautious reaction to trade talks between the United States and China, the world’s two largest oil consumers, that finished without concrete details to ending their dispute. Continue…

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Oil climbs on hopes US, China can settle trade disputes

Oil climbs on hopes US, China can settle trade disputes

Oil prices rose by around 1 percent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a dark shadow over the global economy. Continue Reading Below U.S. West Texas Intermediate (WTI) crude oil futures were at $50.38 per barrel at 0713 GMT, up 60 cents, or 1.2 percent, from their last settlement. That marked the first time this year that WTI has…

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Oil prices steady on trade talks and OPEC cuts

Oil prices steady on trade talks and OPEC cuts

Did oil prices hit bottom? PRICE Futures Group senior analyst Phil Flynn on the outlook for oil prices and the impact on the U.S. soybean market from the tariff tensions with China. Oil prices were stable on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials might defuse trade disputes between the world’s biggest economies, while OPEC-led supply cuts also tightened markets. Continue Reading Below International Brent crude futures were at…

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Oil prices jump on US-China trade hopes, supply cuts

Oil prices jump on US-China trade hopes, supply cuts

Oil prices rose by more than 1.5 percent on Monday on hopes that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. Continue Reading Below Brent crude futures were at $58.04 per barrel at 0751 GMT, up 98 cents, or 1.7 percent, from their last close. MORE FROM FOXBUSINESS.COM U.S. West Texas Intermediate (WTI) crude oil futures were at $48.85 per…

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Oil edges higher on upcoming China-US trade talks

Oil edges higher on upcoming China-US trade talks

Oil prices edged up on Friday, shaking off previous losses after China said it would hold talks with the U.S. government on Jan. 7-8 to look for solutions to the trade disputes between the world’s two biggest economies. Continue Reading Below International Brent crude futures were at $56.12 per barrel at 0542 GMT, up 17 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures were at $47.25 per…

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