Month: January 2018

Check out which companies are making headlines before the bell: Amazon, Berkshire Hathaway – The two companies and JPMorgan Chase have announced a partnership to explore ways to address health care concerns for their US employees. The stated goal of the partnership is improving employee satisfaction and reducing costs. The news has hit the shares
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Experts warned that if growth were to disappoint again in the new financial year, it could create new political and economic pressure on Prime Minister Narendra Modi’s government ahead of 2019’s elections. Therefore, the government is expected spend enough to get the economy growing past 7 percent. So, market watchers will be paying close attention
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In the latest sign of tremendous interest in cryptocurrencies, more than 1 million people have joined the waitlist for Robinhood Crypto in just four days. No-fee stock trading app Robinhood announced Thursday it was rolling out commission-free trading in digital currencies bitcoin and ethereum beginning in February. Although the service will initially only be available
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Revlon President and CEO Fabian Garcia will step down after less than two years in the position, the company said Monday. Board member Paul Meister was named executive vice chairman and put in charge of the company day-to-day operations on an interim basis. Garcia, who is stepping down to “pursue other opportunities,” will stay on
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Vipshop. Karen Finerman was a buyer of Intel. Steve Grasso was a buyer of PulteGroup. Guy Adami was a buyer of Advanced Micro Devices. Trader disclosure: On January 24, 2018, the following stocks and commodities mentioned or
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Brent Lewin | Bloomberg | Getty Images A Starbucks store in Shenzhen, China. Starbucks‘ strong growth in China will be overshadowed by slowing sales in the U.S., an analyst at Bernstein said Monday. “The business mix is clearly shifting toward China … just not fast enough to offset the US,” analyst Sara Senatore said in
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Who could have guessed all of the things that happened in 2017? Between major changes to the tax code, the market reaching all-time highs and geopolitical upheaval all over the world, the past year has been one of constant change. We’re all wondering what new surprises are in store for 2018. My take: Don’t worry
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Getty Images Workers pack and ship customer orders at the 750,000-square-foot Amazon fulfillment center in Romeoville, Illinois. Amazon will be able to compete against Google and Facebook in the internet ad business, according to one Wall Street firm. Citi Research reiterated its buy rating for Amazon shares, predicting strong growth for its internet advertising business.
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In the November crackdown, the Saudi government arrested and detained several hundred businessmen, senior officials and Saudi royals like Alwaleed, many within the Ritz-Carlton hotel. Multiple reports, citing anonymous sources, have suggested that detainees handed over assets in order to buy their freedom. Alwaleed, the billionaire owner of international investment company Kingdom Holding, told Reuters
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