Finance

The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of SPDR S&P Regional Banking ETF. Tim Seymour was a buyer of MedReleaf. Dan Nathan was a buyer of Lionsgate. Guy Adami was a buyer of Discovery Communications. Trader disclosure: On January 24, 2018, the following stocks and
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Chinese e-commerce and technology company Alibaba Group and U.S. grocer Kroger have had early discussions on working together, including a meeting in which U.S. executives traveled to China, a source familiar with the matter said. The business development talks are at an initial stage, and it is not clear if they will lead to any
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They have bristled at some of President Donald Trump’s words and pushed back at some of the year-old administration’s policy stances, but as American CEOs gather in Davos, Switzerland, this week at the World Economic Forum, one thing is clear: They are happier than they were this time last year. Fears over trade protectionism and
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The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Horizons Life Sciences Marijuana Index ETF. David Seaburg was a buyer of AbbVie. Dan Nathan was a buyer of Broadcom. Guy Adami was a buyer of Tesaro. Trader disclosure: On January 22, 2018, the following stocks and
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Cryptocurrency ETFs proved too risky for ETF Managers Group Founder and CEO Sam Masucci, but he threw caution to the wind with his latest marijuana ETF — and it’s paying off. “The business is growing, the companies entering it are growing,” Masucci said on CNBC’s “Fast Money.” “We see this as a tremendous investment opportunity.”
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“Defendants also solicited ‘lifetime’ memberships in a more exclusive trading sector that would provide greater opportunities to profit from virtual currency trading,” the complaint said. “For example, one such opportunity purported to offer profits as much as 300% return on an investment in less than a week.” The domain Cabbage.tech appears for sale at $3,999,
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Citigroup. Karen Finerman was a buyer of ProShares UltraShort 20+ Year ETF. Dan Nathan was a buyer of IBM. Guy Adami was a buyer of Cypress Semiconductor. Trader disclosure: On January 18, 2018, the following stocks and
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Payment company Square is “analogous to Amazon or Google in their early days” but Wall Street is valuing the stock all wrong, according to Nomura Instinet The firm reiterated its buy rating on the company’s stock on Friday, calling big gains in 2018 as the company disrupts the payments industry. The San Francisco-based company’s climb
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The U.S. Securities and Exchange Commission indicated Thursday it would not be open to approving cryptocurrency exchange-traded funds until concerns related to rules aimed at protecting investors are addressed. “We believe … that there are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to retail
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Despite its recent price whipsaw, bitcoin has gained legitimacy with investors and is here to stay, according to Spencer Bogart, a partner and head of research at Blockchain Capital. Bitcoin has been on a jolting ride this year after soaring more than 1,200 percent in 2017. It rose 30.9 percent Thursday, to top $12,000 after
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Bank of America‘s global head of technology, media and telecommunications investment banking Anwar Zakkour is planning to depart to pursue other opportunities, according to an internal e-mail obtained by CNBC and confirmed by a bank spokesman. His departure marks the second global head of the group to leave in less than a year. Zakkour’s co-head,
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South Korean policymakers joined the global chorus of virtual-coin critics on Thursday, saying Seoul is considering shutting down domestic virtual currency exchanges as the new breed of market exposes users to speculative frenzy and crime. The country’s tough stance comes as policymakers from the United States to Germany struggle to come up with stricter regulation
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Goldman Sachs reported fourth-quarter earnings of $5.68 a share that topped Wall Street estimates, but shares edged lower in premarket trading. The company posted a net loss when factoring in a tax hit. The investment bank titan also beat on revenue, reporting $7.83 billion against estimates of $7.61 billion. However, trading revenues in the critical
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Bitcoin briefly plunged below $10,000 late Tuesday afternoon on Coinbase, after first topping the psychologically key level in late November. Other major digital currencies also sold off sharply. Digital currency ethereum plunged 30 percent Tuesday, to below $1,000, while ripple fell below $1. In fact, nearly every major cryptocurrency suffered massive losses during the day.
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After stealing the spotlight from bitcoin in 2017, ripple has fallen more than 40 percent in the first few weeks of 2018. Ripple, or XRP, traded near $1.22 Tuesday afternoon, down nearly 47 percent for the year so far, according to CoinMarketCap. The digital currency had soared more than 35,500 percent in 2017 to end
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Bitcoin plunged to a six-week low Tuesday after comments from South Korea’s finance minister renewed worries about a crackdown in one of the largest markets for digital currency trading. South Korea Finance Minister Kim Dong-yeon said in a radio program interview that “the shutdown of virtual currency exchanges is still one of the options” the
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Barriers to Chinese overseas investment have risen over the past year, owing in part to the Trump administration’s “America First” agenda. The U.S. initiated an anti-dumping investigation against aluminium producers in China just last year. And even though China’s leaders have proclaimed support for economic “openness” on the global stage, the country has rules in
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