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Economy and Politics news articles.

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Donald Trump and Bernie Sanders have won the presidential race in the New Hampshire primary. Republican Donald Trump is likely to get more than twice...

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The White House has released the final budget proposal of Barack Obama’s presidency, a $4.1 trillion program that includes a $10.25 per barrel tax...

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According to official figures, the Indian economy grew at an average rate of 7.5% in 2015, faster than the 6.9% growth in China. In recent...

Hillary-Clinton

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source The 2016 Presidential election is shaping up to be one of the most exciting in living memory. We’re still 10 months away from the...

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Haitian President Michel Martelly has left office at the end of his term amid tension over how he is to be replaced. No successor has...

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Republican presidential hopeful Marco Rubio was attacked by several GOP rivals for the party's nomination to run for the White House, in a fractious...

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According to the new data from the Bureau of Labor Statistics, the US economy added 151,000 jobs in January 2016. The new jobs helped to...

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The first one-to-one Democratic debate saw Hillary Clinton and Bernie Sanders clashing over Wall Street and foreign policy. Hillary Clinton cast Bernie Sanders as an...

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Donald Trump has called for a new Republican election in Iowa, accusing the winner, Ted Cruz, of fraud. The billionaire pointed to the fact that...

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Rand Paul has decided to drop out of the White House race after a disappointing fifth place finish in the Iowa caucuses. The Kentucky senator...

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Republican and Democrat presidential hopefuls have arrived in New Hampshire ahead of the next vote. Iowa caucuses on February 2 were won by Senator Ted...

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Hillary Clinton has won the Democratic Iowa caucuses beating Bernie Sanders with only 0.2% of the votes, the final results have shown. The Democratic Iowa results...

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Ted Cruz has won the first vote of the US 2016 presidential election in the Iowa Republican caucuses. The Texas senator declared as he railed...

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This year’s presidential candidates are to make final pitches to people in Iowa, where the first votes for party nominations will take place later. Polls...

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The New York Times has announced its endorsements for this year’s presidential race. The publication endorsed Democrat Hillary Clinton and Republican John Kasich in their...

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The US economy slowed sharply in Q4 of 2015, growing with an annualized rate of 0.7% comparing with the same quarter a year ago,...

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Donald Trump’s absence the final Republican debate before the Iowa caucuses was mocked by his rivals, who tried to fill the space vacated by...

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Japan's Economy Minister Akira Amari has announced he is resigning amid corruption allegations. Akira Amari unexpectedly made the announcement at a press conference in Tokyo...

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Fox News has responded to Donald Trump after his decision to boycott the final Republican debate on January 28. The network said in a statement...

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Donald Trump has announced he will boycott the final Republican presidential debate before the Iowa caucuses. The Republican presidential hopeful accused Fox News debate moderator...

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Bernie Sanders has said his judgement is as important as the experience of his rival Hillary Clinton. During the last Democratic debate in Iowa a...

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Oil prices fell again on January 25, eroding last week's gains, as OPEC called for co-operation from oil-producing nations outside the cartel. Brent crude fell...

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According to preliminary figures published by Russia's statistics service, the country’s economy contracted by 3.7% in 2015. Retail sales plunged by 10% and capital investment...

trade-oil

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Investors might find it somewhat difficult to decide on where to put their money this year because the headlines coming from investment circles are mostly depressing. The weakness in Chinese economy is weighing down much of Asia and American manufacturers are starting to feel the pinch. Geopolitical tensions in the Middle East remain unresolved and oil prices are in troubled waters. Economic data in the U.S. is mixed and the fact that 2016 is an election year doesn’t provide much of an economic direction. It is already obvious that 2016 will be very volatile year in the global economic scene. The move by the U.S. Federal Reserve to raise interest rates at the end of 2015 was the harbinger of things to come. Economic  events in the first three weeks of 2016 has shown that 2016 will be characterized by a rollercoaster of exciting highs and depressing lows in the global economy. This piece seeks to explore the outlook in stocks, precious metals, and global oil prices so that investors might pitch their tents on the winning side. Stocks are swimming in wild swings If you have investments in the equities market, you'll have already seen the handwriting on the wall that stocks will be volatile this year. On Wednesday, all the major U.S. market indices were down. For instance, the S&P 500 was down by a significant 1.56%, the Dow Jones Industrial Average was down 1.17%, and the NASDAQ Composite was down 0.12%. More so, all the major market sectors (except healthcare) were down in yesterday's session, with the energy sector taking the biggest hit with a 3.14% decline. The global equities scene was also not impressive. In Asia, stocks are suffering in China as the Shanghai index dropped 3.23%. The situation was not different in Japan as Nikkei 225 had a 2.43% decline while Hong Kong's Hang Seng Index was down 1.82%. The situation also appears to be worse in Europe as Euro STOXX 50 was down 0.19% and France's CAC 40 was down 0.16%. It is well known saying in the equities market that as "January goes, goes the year"; hence, stock investors will not be surprised if they make massive gains in a session and then lose everything in the next session. The outlook for oil is uncertain Crude oil has been facing significant headwinds since last year and it seems that the situation has taken a turn for the worse this year. Oil futures have dropped to the lowest price since September 2003 this week, as a glut in the supply of oil and drop in demand (especially from China) has caused the price to fall lower. On Thursday, Benchmark Brent was down 3.2%o $27.10 per barrel. The West Texas Intermediate (WTI) crude futures were down an incredulous 6.7% to $26.55 per barrel. The decline marks the largest monthly fall since May 2003. Hans van Cleef, senior energy economist at ABN Amro in Amsterdam notes that "There are worries surrounding demand and oversupply". Dominick Chirichella, oil analyst at the New York-based Energy Management Institute also notes that “no matter how one looks at the fundamental data every angle points toward lower prices as supply is continuing to outstrip demand.” However, the uncertainties in oil prices provide smart traders with an opportunity to benefit from trading oil futures. If you know how to trade oil, you'll find the current weakness in oil prices as a good opportunity to make consistent gains from the economic dynamics of oil. It is obvious that oil prices are searching for a bottom and you can make gains when you sell. When the geopolitical tensions in the Middle East are resolved, you can expect oil prices to recover and then you'll buy oil futures. The safe-haven status of gold might be back The weakness in the global equities market as discussed earlier is already causing investors to think twice about investing in stocks and they are running into the inherent stability of gold. Gold is considered a safe-haven asset because it tends to keep its value over time, because it is a good hedge against inflation and because it tends to outperform fiat currencies. The reigniting of the safe haven status of gold suggests that 2016 might be the year of precious metal investors. A Bloomberg data analysis shows that in the five days to January 14, investors have bought 26.8 metric tons of gold through ETFs that are physically backed by the bullion. Gold prices per ounce have climbed more than 4% since the market opened this year in sharp contrast to the decline in equities. Citigroup analysts in their 2016 commodities outlook note, "gold's safe haven rationale is back in vogue". They also mentioned that "geopolitical issues typically tend to be short-lived in terms of lending support to gold prices; we expect ongoing global macro concerns to lend support this quarter, aided by a modestly more benign U.S. dollar outlook."

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Ex-NYC Mayor Michael Bloomberg is thinking about running for president as an independent candidate, several outlets report. Unnamed advisers told the New York Times that...