Finance

The ranks of Goldman Sachs‘ top management are about to swell, with a big push toward millennials, according to a company announcement. The Wall Street powerhouse said it has named 509 new managing directors, which is the second-highest employee rank behind partner. That total is up from 425 in 2015. The bank names new managing
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Bitcoin jumped 11 percent Wednesday after the developers behind an upcoming split in the digital currency through an upgrade called SegWit2x announced they were suspending plans for the upgrade. The digital currency hit a record high of $7,879.06, according to CoinDesk. Bitcoin in the last 24 hours Source: CoinDesk “Our goal has always been a
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The major futures exchanges believe in the development of cryptocurrency trading and will push on with launching exchange traded funds that allow investors to trade in them, chief operating officer and president of Cboe Global Markets said on Tuesday. Speaking on a conference call after the company’s third quarter results, Chris Concannon and other executives
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The global stock rally has even more room to run, according to Credit Suisse’s top equity analysts. Global shares should see a healthy 6 percent surge until the middle of next year as a solid macro backdrop and earnings fuel the current wave of “rational exuberance,” according to Global Equity Strategist Andrew Garthwaite. “We have
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Priceline‘s stock tumbled more than 9 percent in the extended session after the company reported disappointing fourth quarter guidance that overshadowed positive third quarter results. Competitor Expedia‘s stock also dropped by more than 2 percent after hours. Salesforce‘s stock climbed more than 2 percent after the bell. The cloud computing company announced a new strategic
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Southeast Asia’s largest bank, DBS Group Holdings, unexpectedly set aside another 815 million Singapore dollars ($597.4 million) to cover for bad loans from the troubled oil and gas sector – a move it hopes will finally put worries over asset quality behind it. That action resulted in a 23 percent year-on-year fall in net profit
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HONG KONG — With the arrest of Prince Alwaleed bin Talal, the prominent billionaire investor, Saudi Arabia has touched one of the richest and most influential investors in the world. Among Prince Alwaleed’s crown jewels: sizable stakes in Twitter, Lyft, Citigroup and 21st Century Fox. He has gone into business with some of the corporate
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Bitcoin skyrocketed past $7,400 on Friday, hitting yet another record high. The virtual currency had shot past the $7,000 mark for the first time Thursday and finished on $6,895.41 toward the end of the session. According to CoinDesk, the cryptocurrency reached a renewed all-time high of $7,454.04 at 6:40 a.m. ET Friday, after opening at
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Check out the companies making headlines after the bell: Apple‘s stock climbed 3 percent after the bell. The tech behemoth posted fourth quarter results with EPS of $2.07, blowing past Wall Street expectations of $1.87. Its flagship product, the iPhone X, hits stores on Friday and isn’t reflected in Thursday’s quarterly earnings report. Starbucks shares
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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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