Finance

Powell led a diverse field of potential nominees that included former Governor Kevin Warsh, Stanford economist John Taylor, chief Trump economic advisor Gary Cohn, and Yellen herself. Trump’s relationship with Yellen has evolved; during the 2016 presidential campaign he said the Fed chief should be “ashamed” of the way she has run the Fed, arguing
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A number of regulators have warned of illicit activity surrounding cryptocurrencies like bitcoin. In September, China banned a practice known as “initial coin offerings” (ICOs). An ICO is a crowdfunding method for firms to raise funds by selling new cryptocurrencies. China’s regulators also moved to close down domestic bitcoin exchanges later that month. Both measures
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TipRanks, a service that ranks Wall Street analysts, identified the top analysts and found which stocks they like right now. We use a natural language processing algorithm to rank analysts based on two factors: Average return of buy-sell recommendations Success rate of buy-sell recommendations. TipRanks’ stock screener allows you to screen for “best analyst consensus”
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The heavy favorite to be named the next head of the U.S. central bank has indicated he isn’t against bitcoin, but isn’t embracing the idea of a central bank-issued digital currency. President Donald Trump is expected to announce his pick for the next Federal Reserve chair Thursday, and the latest reports indicate he is leaning
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Check out the companies making headlines after the bell: Electronic Arts shares fell about 3 percent in extended trading after the company reported disappointing guidance. Newfield Exploration‘s stock jumped about 2 percent in the extended session after the company posted better-than-expected third quarter earnings. Shares of Envision Healthcare plummeted more than 27 percent in extended
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Check out the companies making headlines after the bell: Mondelez International‘s stock climbed nearly 5 percent in the extended session after the company posted higher-than-expected third quarter earnings. Shares of Voyager Therapeutics dropped 12 percent after hours. Sanofi said it would end a collaboration with Voyager to develop a Parkinson’s disease treatment. Shares of Allison
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Add online brokerage accounts to the list of things that can be hacked for gain. A Pennsylvania resident describing himself as a day trader piggybacked off trades made in hacked brokerage accounts to generate $700,000 of illicit profit, federal prosecutors in Brooklyn and the Securities and Exchange Commission said Monday. Joseph Willner faces charges of
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LinkedIn also joined the sector as early as 2015, buying online education firm Lynda for $1.5 billion. Lynda has finance and technology courses, including ones that aim to help business executives implement tech into their firm. Meanwhile, South African start-up GetSmarter has capitalized on the uptrend and is the software and online campus provider for
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He may be one of Wall Street’s biggest bears, but that doesn’t mean veteran market watcher David Rosenberg isn’t finding places to put money to work. Gluskin Sheff’s chief economist and strategist is just going halfway around the globe to do it. “The one part of the world which looks very good to me right
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Check out the companies making headlines after the bell: Buffalo Wild Wings shares were halted briefly before soaring more than 20 percent after hours. The company’s third quarter earnings beat earnings estimates by analysts who were surveyed by Thomson Reuters. The restaurant chain also raised its earnings forecast for the year. Amgen‘s stock fell more
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Daniel Acker | Bloomberg | Getty Images Chipotle Mexican Grill Inc. restaurant in Peoria, Illinois. Check out the companies making headlines after the bell: Chipotle Mexican Grill‘s stock tumbled nearly 10 percent in the extended session after the Tex-Mex fast casual company posted lower-than-expected third quarter results, including a big earnings miss and same-store sales
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Bitcoin doesn’t show textbook signs of a bubble yet, but there are other reasons not to buy it, says investing expert William J. Bernstein. The digital currency has “no intrinsic value,” Bernstein said in a phone interview with CNBC.com last week. It’s “awfully suspicious on that criteria alone.” The “fact the price keeps rising, that’s
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Check out the companies making headlines after the bell: Whirlpool‘s stock tumbled more than 6.5 percent in the extended session after the company posted worse-than-expected third quarter earnings and cut guidance. Shares of HNI Corp. plunged more than 16 percent on light trading volume after hours. The company posted results that exceeded Wall Street expectations,
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