Finance

“People are definitely buying the news,” he said. “This is another case of Ripple showing its dominance in real world relationships with financial companies, and yet another spike in XRP’s price because of it.” The company has struck deals with various high-profile financial institutions, including Santander and American Express. But those partnerships have so far
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Microsoft Karen Finerman was a buyer of FedEx Dan Nathan was a seller of the Semiconductor ETF Tim Seymour was a buyer of Intel Trader disclosure: On September 20, 2018 the following stocks and commodities mentioned or
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Check out the companies making headlines after the bell: Micron Technology shares rose more than 4 percent in after-hours trading following the release of its fourth-quarter earnings report, before paring its gains and falling 3 percent from the closing price. The semiconductor company reported earnings per share of $3.53, higher than analysts’ estimates of $3.34
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Gibson Brands is the legendary guitar maker based in Tennessee that has made instruments for Jimi Hendrix and Keith Richards. Now, a legal brawl between two of America’s biggest investment firms means the faltering rock’n’roll emblem has also become a symbol of the shifting hierarchy in global finance. Bankruptcy proceedings in Delaware have brought a
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Check out the companies making headlines before the bell: Tesla — The electric car maker said the Justice Department last month requested documents regarding CEO Elon Musk’s tweets in early August about taking the company private. The New York Times also reported the Securities and Exchange Commission has sent subpoenas to Goldman Sachs and Silver
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Clearly, the Fed has not been able to hold inflation down. Statements by Fed officials last week are recognizing that difficulty, admitting that inflation will be rising above 2 percent. A strange “market guidance” indeed. Consumer prices in July and August have already been pushing up at an average annual rate of 2.8 percent. It
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The Federal Reserve of San Francisco on Friday named its head of research Mary Daly as its next president, succeeding John Williams, who departed in June to lead the New York Fed. Daly takes the helm in San Francisco on October 1. Daly’s appointment was approved by the Fed’s Board of Governors in Washington. This
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Appaloosa Management’s David Tepper thought the banking system would implode during the financial crisis a decade ago. This week marks the 10th anniversary of Lehman Brothers’ bankruptcy, which many investors regard as the seminal event of the financial crisis. “I was at a Jets game … Lehman just went down and then I was just
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Check out the companies making headlines before the bell: Adobe Systems – Adobe reported adjusted quarterly profit of $1.73 per share, beating estimates by 4 cents a share. The software maker’s revenue topped forecasts, as well, however Adobe’s revenue guidance was merely in line with analysts’ estimates after topping expectations for nine straight quarters. Amazon.com
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