Finance

The “Fast Money” traders shared their first moves for the market open. Brian Kelly was a buyer of the iShares 20+ Year Treasury Bond Karen Finerman was a buyer of Macy’s David Seaburg was a buyer of Nvidia Dan Nathan was a buyer of Cisco Trader disclosure: On August 16, 2018 the following stocks and
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“We’re seeing a shift in momentum,” said Paul Veradittakit, a partner at Pantera. “We’re seeing a lot more interesting VC deals, and more equity deals this year than ICO deals.” ICOs have gotten too controversial for some investors. While some projects are completely legitimate, others have been exposed as running frauds and caught the attention
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Patrick Fallon | Bloomberg | Getty Images Jeff Bezos, chief executive officer of Amazon.com Inc. Amazon is speaking with a number of leading European insurers about the creation of a price comparison website in the U.K., Reuters reported Thursday. The report, which cited three executives within the insurance industry, said it was not immediately clear
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Minneapolis–St. Paul Unemployment rate: 3.1 percent Median Household income: $72,629 Cost of living: 1 percent above national average College attainment: 40.5 percent Everyone dreams of living and working in a city that has it all: Robust job opportunities, affordable housing, access to great health care and schools, relatively affordable housing and an abundance of outdoor
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Against that backdrop, emerging markets — which Turkey is part of — have become the biggest casualty in the recent market rout. The iShares MSCI Emerging Markets exchange-traded fund, a passive investment product that tracks the index, has fallen by more than 1 percent this week even though Turkey makes up only 0.6 percent of
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Now that Tesla CEO Elon Musk has hired advisers for his plan to take the U.S. electric car maker private, and the Tesla board has named a special committee of independent directors to evaluate it — two steps CNBC reported would happen last week— the next milestone is for Musk to actually put together a
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Check out the companies making headlines after the bell: Shares of Vipshop plunged nearly 10 percent after Monday’s close on the back of weaker-than-expected earnings and revenue for the second quarter. The Chinese e-commerce company reported a profit per share of 0.84 renminbi and sales of 20.74 billion renminbi. Analysts polled by Reuters expected Vipshop
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Diebold Nixdorf, the ATM servicer and software provider, has hired financial advisers to seek a sale, according to people familiar with the matter. No deal is assured, and talks with potential buyers aren’t advanced, said the people, who asked not to be identified because the discussions are private. Diebold hired Credit Suisse and Evercore last
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The Chinese government is stepping up scrutiny of and instituting new measures for a once-burgeoning online lending sector, where fund closures have prompted protests and even caused a convenience store chain in Beijing to shut down. The targeted sector is peer-to-peer lending platforms, which claim to connect investors with borrowers over the internet, giving money
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Ablin had expected liquidity, the amount of money to borrow, spend and invest, to break down — but it never did. Instead, it has actually improved. “I thought was going to go negative about two months ago, but, remarkably, largely on the back of these earnings reports, I suppose, liquidity reversed course. We’re actually square
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Intel Karen Finerman was a buyer of Lowe’s Dan Nathan was a buyer of Twitter Guy Adami was a buyer of Ralph Lauren Trader disclosure: On August 9, 2018 the following stocks and commodities mentioned or intended
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J.P. Morgan Chase downgraded Campbell Soup shares to underweight Friday, arguing that the food company will be hard-pressed to attract a buyer should board leadership elect to pursue a sale. While J.P. Morgan’s Ken Goldman agreed with a growing chorus of frustrated shareholders to pressure company leadership into selling, he wrote the path to a
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Looking across the European benchmark, Adidas rose to the top of the index, up by more than 9 percent after reporting its latest earnings. Adidas showed stronger-than-anticipated second-quarter net profit, despite taking an impairment charge on its struggling Reebok brand. Pandora shares were also up by about 9 percent after its CEO announced he is
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