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Bitcoin hit a record high above $19,800 Sunday but had plunged 47 percent from that level to a low of $10,400 on Coinbase Friday in a volatile trading session. The former Fortress macro hedge fund manager said on CNBC’s “Fast Money” on Dec. 12 that he was going to launch his fund at the end
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Jonathan Ernst | Reuters President Donald Trump celebrates with Congressional Republicans after the U.S. Congress passed sweeping tax overhaul legislation on the South Lawn of the White House in Washington, U.S., December 20, 2017. It may be too early to tell if a tax bill that just cleared Congress is “the rage” in Corporate America,
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Coinbase, one of the biggest bitcoin marketplaces in the U.S., said Friday that trading was up again after being down for more than two hours amid a price rout in cryptocurrencies. “Buys and sells have been re-enabled. We are monitoring for stability,” Coinbase said on its status website as of 1:44 p.m., ET. Earlier, the
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Tens of thousands of National Guardsmen, reservists as well as active-duty federal military personnel responded to the storms, providing search and rescue recovery assistance in the affected areas. Also, the military helped clear thousands of miles of roads, opened damaged ports, and delivered emergency supplies and equipment. Army Brig. Gen. Patrick M. Hamilton, commander of
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Among the companies announcing worker windfalls, AT&T said it will give a $1,000 bonus to more than 200,000 U.S. employees: That applies to all union-represented, nonmanagement and front-line managers. Comcast, which owns CNBC parent NBCUniversal, also said it plans to give $1,000 bonuses to more than 100,000 eligible employees. Sinclair Broadcast Group of Baltimore says
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Qualcomm on Friday rejected the 11 director nominees picked by Broadcom and private-equity firm Silver Lake Partners, likely setting the stage for a bitter proxy battle between the chipmakers. Broadcom earlier this month took its first formal step to replace Qualcomm’s board with its slate of nominees. Qualcomm in November rejected Broadcom’s $103 billion cash-and-stock
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Check out which companies are making headlines before the bell: Nike – Nike reported quarterly profit of 46 cents per share, beating estimates by 6 cents a share. The athletic footwear and apparel maker’s revenue also beat forecasts. Investors are also focusing on a drop in gross margins, a by-product of intense price competition. Chubb
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Nike’s growth in international markets helped the company’s quarterly profit and sales beat Wall Street estimates on Thursday, but a drop in gross margins indicated severe price competition in North America, its largest market. Shares of the world’s largest footwear maker were marginally down at $64.36 in after-market trading. Nike’s second-quarter gross margins fell 1.2
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Papa John’s says its founder John Schnatter will step down as CEO next month, about two months after he publicly criticized the NFL leadership over national anthem protests by football players. The company said Thursday that Schnatter remains chairman but be replaced as chief executive by Chief Operating Officer Steve Ritchie on Jan. 1. Schnatter
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