Interest Rate Hike less Exciting to the Fed Given Market Volatility
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Wall Street has Biggest Day in 4 Years Led by Silicon Valley Stalwarts
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Wall Street had its biggest one day gain in 4 years led by Silicon Valley stalwarts Google, Apple, and Amazon. This ended a six day losing streak. Experts see the gain as a sign that bargain hunters put China's slumping economy to side and believe the U.S. Federal Reserve will not raise interest rates next month.
Read MoreMarket Chaos amid Dow’s 1,000 Point Drop and Global Sell-Off
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The Dow plummeted more than 1,000 points at its opening, before recovering to a 350-point loss around 11 a.m. The biggest drop for the Dow was 777 points back in September 2008 and today’s plunge is raising new fears over how far financial markets will fall. The Dow plunged more than 500 points last Friday, making it the worst week since 2011. The S&P 500 fell more than 2%, to 1,923 with companies losing more than $1 trillion in market value last week.
Read MoreWhy Healthcare Needs MDs to Study Business
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Dr. Bob Kocher and Dr. Bijan Salehizadeh trained as physicians and are now both healthcare investors. They shared their stories on Tech Tonics podcast and gave compelling evidence that MDs should study business practices. Dr. Bob Kocher is currently a partner at Venrock and is best known for his work developing the ACA.
Read MoreChina's Turmoil Eases as Investors Refocus on the U.S. Economy
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Investors in U.S. stocks and bonds have refocused their attention on the U.S. economy, as it continues to strengthen. The improvement in the economy may be a sign of the Federal Reserve increasing interest rates as soon as next month. People are starting to worry less about the effects of China’s currency devaluation.
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