Finance

Apple’s cash reserves hit $285.1 billion in the quarter ended in December, a record, reflecting the company’s move to high-priced handsets and new tax regulations. That’s compared with $268.9 billion in the prior quarter. The increase in cash was disclosed Thursday in Apple’s earnings report. Apple has said it plans to make $38 billion in
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That shift could accelerate from Indian government moves to improve the sector. For example, New Delhi announced last October that it would recapitalize state banks to the equivalent of $32 billion. “The overall opportunity for allocations to banks/financials in India may now be widening and our view for overall growth driven by domestic recovery remains
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Check out the companies making headlines after the bell Wednesday: Facebook stock fell more than 2 percent after the bell. The social media giant reported fourth quarter earnings and revenue that crushed Wall Street expectations. The company also reported making more money per user than anticipated, as well as a 14 percent increase in usership
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Starbucks. Karen Finerman was a buyer of General Motors. David Seaburg was a buyer of McDonald’s. Steve Grasso was a buyer of Rite Aid. Trader disclosure: On January 29, 2018, the following stocks and commodities mentioned or
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South Korea has uncovered cryptocurrency crimes worth 637.5 billion won ($594.35 million), which includes illegal foreign exchange trading, a statement released by the country’s customs service said on Wednesday. The statement said domestic investors bought 1.7 billion won worth of cryptocurrencies, which they sent to overseas partner companies through virtual wallets. The transfers were then
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A slew of negative reports hit the cryptocurrency world Tuesday. Facebook announced a ban on advertisements for “binary options, initial coin offerings and cryptocurrency.” The blanket decision is part of the social media giant’s efforts to prohibit ads for financial products and services “that are frequently associated with misleading or deceptive promotional practices.” The news
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Zach Gibson | Bloomberg | Getty Images Jay Clayton, chairman of U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission announced Tuesday it has obtained a court order to halt what is likely the largest initial coin offering ever. The complaint was filed in Dallas, Texas, on Thursday and unsealed late Monday. It
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In the latest sign of tremendous interest in cryptocurrencies, more than 1 million people have joined the waitlist for Robinhood Crypto in just four days. No-fee stock trading app Robinhood announced Thursday it was rolling out commission-free trading in digital currencies bitcoin and ethereum beginning in February. Although the service will initially only be available
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Vipshop. Karen Finerman was a buyer of Intel. Steve Grasso was a buyer of PulteGroup. Guy Adami was a buyer of Advanced Micro Devices. Trader disclosure: On January 24, 2018, the following stocks and commodities mentioned or
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Attorney and managing partner at The Colchester Group Jim Nuzzo says this case is an example of the “shifting ground” in sexual harassment lawsuits across the country. Nuzzo explains that the details of Tirschwell’s personal interactions with Ravich are nothing new, but Ravich’s use of investor funds means the “chances that multiple plaintiffs will join
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If it’s true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull market. As of Monday, the entire cryptocurrency market stands at approximately $563 billion, according to industry site CoinMarketCap, which
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of SPDR S&P Regional Banking ETF. Tim Seymour was a buyer of MedReleaf. Dan Nathan was a buyer of Lionsgate. Guy Adami was a buyer of Discovery Communications. Trader disclosure: On January 24, 2018, the following stocks and
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Chinese e-commerce and technology company Alibaba Group and U.S. grocer Kroger have had early discussions on working together, including a meeting in which U.S. executives traveled to China, a source familiar with the matter said. The business development talks are at an initial stage, and it is not clear if they will lead to any
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They have bristled at some of President Donald Trump’s words and pushed back at some of the year-old administration’s policy stances, but as American CEOs gather in Davos, Switzerland, this week at the World Economic Forum, one thing is clear: They are happier than they were this time last year. Fears over trade protectionism and
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