Finance

Blue Apron has been a public company for less than two months. Already its stock price has been cut nearly in half, and it faces a slew of shareholder lawsuits and the departure of several executives. The confluence of these events and the magnitude of their occurrence at Blue Apron is rare. Many of them
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Mr Blankfein described the Volcker rule this month as “very cumbersome”, complaining “you have people sitting on trading desks very nervous”. Other Goldman insiders are more blunt in private, attacking Volcker as a noose tailored for the bank’s throat. Goldman declined to discuss its lobbying, but says: “As many of the regulators who implemented the
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Energy Future Holdings terminated the Berkshire agreement on Monday. Oncor would have become part of Berkshire Hathaway Energy. Buffett had been battling with fellow billionaire Paul Singer, whose fund Elliott Management was trying to cobble together a $9.3 billion deal until Sempra emerged. In a statement Monday, Greg Abel, the chairman of the Berkshire unit,
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As China‘s financial markets mature, major non-Chinese financial firms increasingly want to open funds in the country and tap the multitrillion-dollar institutional investor market there. This summer, UBS Asset Management received a license for private fund management in mainland China, and BlackRock said it plans to set up its first private fund in the country.
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What is encouraged, however, are investments that fall along the lines of China’s “One Belt, One Road” framework. That giant foreign policy plan seeks to invest billions abroad and shore up influence by strengthening China’s infrastructure and trade links with the rest of the world. Beijing is also supporting investments in energy resources exploration, agriculture,
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Ron Paul’s sell-off prediction just got more severe. The former Republican Congressman from Texas believes escalating dysfunction in Washington will create even more pain for Wall Street. “A 50 percent pullback is conceivable,” Paul said on “Futures Now” recently. “I don’t believe it’s ten years off. I don’t even believe it’s a year off. “
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Online lending startups looking to raise money now have to answer one important question that didn’t get asked much in the past: how do avoid the fate of early pioneers like Lending Club or On Deck, which have lost nearly 80 percent of their value since going public in 2014. At least that’s what Bluevine
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The bitcoin offshoot, bitcoin cash, soared Friday after indications the alternative digital currency could achieve its goal of speeding up transactions. Bitcoin cash rose 40 percent from Thursday’s close of $460.53 to briefly hit $655 Friday afternoon, according to CoinMarketCap. That’s the highest since bitcoin cash touched $756.93 on Aug. 2, the day after bitcoin
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A former Bank of America technology consultant used his access to the bank’s internal deal tracking system to share more than 50 trading tips with friends, who generated more than $5 million in illegal trading profits, federal prosecutors said. The worker, Daniel Rivas, “serially misappropriated material, non-public information from the bank’s deal tracking system and
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The stock market’s seemingly unstoppable rally is drawing notice from Federal Reserve officials. At their meeting in July, central bank officials discussed whether the rise in equity prices was posing broader financial dangers – and whether the Fed’s accommodative policies were adding to the risk-taking environment. However, they ultimately concluded that the market rise was
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Spencer Platt | Getty Images News | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on January 6, 2016 in New York City. Check out which companies are making headlines after the bell: Shares of Agilent Technologies shot up more than 4 percent in extended trading after reporting its
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Check out which companies are making headlines after the bell: Shares of Pandora shot up nearly 4 percent in extended trading after the company announced a new CEO at the closing bell. Roger Lynch, former head of online TV provider Sling, will take over for Pandora’s founder, Tim Westergren, who became CEO of the company
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A UN report from earlier this year alleged that North Korean banks and firms have maintained access to international financial markets through a network of Chinese-based front companies. Coal exports from North Korea have since been stopped under UN sanctions, and the UN Security Council (including China) unanimously agreed further sanctions last Saturday. The most
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