Finance

Shares of Intel fell more than 1 percent on Tuesday after Bernstein downgraded the stock and slashed its price target, citing a narrow path for further gains and uncertainty following the abrupt departure of its CEO. Analyst Stacy Rasgon lowered his rating on Intel to underperform from market perform and slashed his price target on
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So, the country is on a mission to deal with a few problems: A sales model for funds that isn’t attractive to investors, poor performing investments, and talent leaving the country. “There are too many distribution layers between investors and fund managers. And, in Japan, the distribution cost is very high,” Aritomo said, explaining the
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Surprisingly, the lows might actually be a good thing for bitcoin, Kelly said. “When we start to declare a funeral and things get really horrible, sentiment is approaching the lows,” he said. “So hopefully, we’ll use that funeral bug to say, ‘Hey. You know what? That was near the lows.'” And, multiple exchange hacks, including
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Bonds issued by Walmart to fund its acquisition of Indian ecommerce company Flipkart contain controversial provisions that could be used to withhold compensation to investors if the deal is delayed. The big box retailer sold $8.5bn bonds on Wednesday whose documents contain legal language used recently by other issuers to avoid paying such compensation, in
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The “Fast Money” traders shared their first moves for the market open. Dan Nathan was a seller of the Financials ETF. Brian Kelly was a buyer of SPRD Gold Shares. Karen Finerman was a buyer of Citigroup. Guy Adami was a buyer of JetBlue. Trader disclosure: On June 21, 2018, the following stocks and commodities
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Bitcoin prices fell more than 5 percent on Friday after Japan’s financial regulator ordered several cryptocurrency exchanges to improve their practices against money laundering. The digital currency traded at $6,349 as of 7:45 a.m. ET, breaking below $6,400 for the first time in about a week, according to CoinDesk. The order from Japan’s Financial Services
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As for the argument that bull markets die in euphoria, Jainz said it was a question of looking in the right place: tech stocks. “Technology is undoubtedly in a bubble, and overheating phase. That is clear from looking at the gap between growth (e.g. tech) stocks and value (e.g. banks) which is at its highest
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An underlying trend may be insulating the market from a sustainable decline. Based on charts of the S&P 500, Nasdaq and Russell 2000, the Bespoke Investment Group’s Paul Hickey used a technical indicator called the advance/decline line to show market breadth is positive — a sign that supports expectations of higher stock prices. “What you
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Bitcoin made a comeback despite crashing after a recent hack on a South Korean exchange, and two cryptocurrency traders explained why it rebounded. Charlie Lee, the founder of Litecoin, a global decentralized currency that is based on blockchain technology, said it was to be expected. “Whenever there’s an exchange hack, people get scared and the
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The acting director of the Consumer Financial Protection Bureau says until the agency breaks out of Senator Elizabeth Warren’s shadow, it cannot operate as a “gold-standard” regulator. “We are still Elizabeth Warren‘s baby,” CFPB Acting Director Mick Mulvaney said at the Future of Fintech conference in New York Wednesday. “Until we break that we will
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South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen. The Seoul-based operator said on Twitter that the stolen coins would be covered from Bithumb’s own reserves and that all users’ assets are being transferred to safer “cold wallet.” Tweet 1:
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Bitcoin is on the decline, but ethereum might be a better bet in cryptocurrency, Brian Kelly told CNBC. Bitcoin, the most popular digital coin and largest by market cap, was priced around $6,400 on Friday — a staggering decline from its December highs of around $19,500. But cryptocurrency is still a relatively new industry, and
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