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Heatwave affects Thomas Cook as North Europeans shun beach trips

Bloomberg Thomas Cook Group Plc said unusually hot weather is making its north European customers far less enthusiastic about booking last-minute beach holidays, weighing on the tour operator’s earnings. Summer bookings for the UK company’s package breaks were unchanged from last year through July 21, compared to a 3 percent gain through May, according to a statement on Tuesday, indicating ...

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Stocks rise as US, China seek to avoid trade war

Bloomberg US stocks climbed as industrial shares rallied after Bloomberg reported that the Trump administration is seeking to ease trade tensions with China. Most sovereign bond yields edged lower after the Bank of Japan pledged to keep its monetary policy ultra loose. The S&P 500 Index halted a three-day slide as Boeing Co, Caterpillar Inc and 3M Co all added ...

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Triple-leveraged ETFs store up trouble for $8.5 billion fund

Bloomberg Trouble in the leveraged ETF complex could spark a fresh volatility explosion that hits commodity investors in its wake, according to Macro Risk Advisors. The New York-based firm warns the VanEck Vectors Gold Miners ETF, ticker GDX, is vulnerable to outsized price swings if its tracked basket of stocks drops by 5 percent or more in a single day. ...

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