Edwin Navarro

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Wall Street dragged down by energy stocks

<b>(Close): Wall Street closed down on the half-day's trading before Christmas.</b><p>The main Dow Jones index dropped 50.44 points, or 0.3%, to 17,552.17. The wider S&P 500 and the tech-heavy Nasdaq were almost unchanged.<p>On the Dow, after strong gains on Wednesday, energy stocks led the way down, with …

10 favorite stocks on Wall Street for 2016

Wall Street analysts once again are betting big on oil and gas producers.<p>This may see like a case of déjà vu, considering what were their favorite …

Investing

Wall Street thinks Yahoo's 4 big acquisitions could be worth over $1 billion, if split up individually

And according to a new analysis by FBR Capital, the value of those assets is now significantly below what Yahoo paid.<p>The four biggest deals done on Mayer's watch are all worth less than their acquisition prices, according to FBR.<p>Tumblr, which Yahoo acquired for $1.1 billion in 2013, is currently …

Zimbabwe to make Chinese yuan legal currency after Beijing cancels debts

Yuan becomes the latest currency to be approved for public transactions in Zimbabwe, as the southern African nation seeks to increase trade with Beijing<p>Zimbabwe has announced that it will make the Chinese yuan legal tender after Beijing confirmed it would cancel $40m in debts.<p>“They [China] said …

Google launches music service in Canada as streaming competition heats up

Google is stepping into the streaming music game in Canada with the launch of Google Play Music, the latest in a growing number of services that could change how Canadians listen to their favourite songs.<p>The company announced Monday that its all-access subscription service would be the centrepiece …

Asian stocks mixed after Wall Street declines

BEIJING (AP) — Chinese stocks were higher Monday but Japanese markets fell following Wall Street's decline as the impact of a long-awaited U.S. …