The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of the Financial Select Sector ETF. Tim Seymour was a buyer of the iShares MSCI Turkey ETF. Steve Grasso was buyer of Vista Outdoor. Guy Adami was a buyer of Exxon Mobil. Trader disclosure: On October 5, 2017,
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Disney’s planned streaming services rival to Netflix will cut into the media giant’s profits, according to one Wall Street firm. Jefferies reduced its earnings per share estimates for Disney, saying its new strategy will require significant investments. Disney announced plans in August to launch a branded direct-to-consumer streaming service in 2019 and an ESPN streaming
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Check out which companies are making headlines before the bell: Costco – The warehouse retailer reported quarterly profit of $2.08 per share, six cents a share above estimates. Revenue also beat forecasts. Costco’s stock is being pressured by a drop in profit margins, however, sparking concerns about an escalating grocery price war. Yum China –
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As the world’s largest democracy embarks on a series of dramatic policies expected to transform the entire culture of doing business, its economy is feeling the sting. Ongoing pressure spurred by demonetization and supply chain disruption ahead of July’s Goods and Services Tax (GST) pushed gross domestic product growth to a three-year low in the
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Financial watchdogs in Europe and Asia are investigating Standard Chartered Plc over the transfer of $1.4 billion of private bank client assets from Guernsey to Singapore ahead of new tax transparency rules, according to a source familiar with the matter. The Monetary Authority of Singapore (MAS) and Guernsey’s Financial Services Commission are looking into the
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As oil exports from the United States reach record highs, Mark Siegel, the executive chairman of Patterson-UTI Energy, told CNBC that the trend shouldn’t worry commodity-watchers. “I think everybody starts to think that there’s an abundance whenever somebody’s starting to do well,” Siegel told “Mad Money” host Jim Cramer in an exclusive interview on Thursday.
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Andrew Harrer | Bloomberg | Getty Images A man poses for a photo with the Wall Street bull sculpture between Broadway and Exchange Place in the Financial District of New York. Check out the companies making headlines after the bell: Costco shares tumbled nearly 2 percent after hours, despite the company posting higher-than-expected fourth-quarter earnings.
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After slipping a bit to settle at $49.98 on Wednesday, crude oil rose on Thursday to finish the session at $50.79. And while oil’s recent moves may seem moderate, the commodity’s flirtations with the $50 per barrel mark give the daily machinations of oil prices great moment, according to RJO Futures senior market strategist Phillip
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The Federal Reserve will need to raise U.S. interest rates further to keep the economy on track to full employment and the Fed’s 2-percent inflation goal, Kansas City Federal Reserve Bank President Esther George said on Thursday. “At this stage of the expansion, it is appropriate to move cautiously,” said George, who has typically supported
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Under the rule, lenders will need to conduct an upfront “full-payment” test to determine if borrowers will be able to afford to repay the loan without compromising other financial obligations. Other protections include access to alternative loans for borrowers who don’t meet those requirements. The CFPB rules are the first nationwide regulation of the payday
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And it’s not only Americans who favor paper money — a separate study by PayPal found that cash is still king in most of Asia’s major markets. Cardtronics said people might also favor paper for security reasons — and they may be right. The company said 84 percent of respondents are worried about data security,
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Citigroup. Karen Finerman was a buyer of Apple. Dan Nathan was a buyer of the Nasdaq 100 ETF. Guy Adami was a buyer of Red Hat. Trader disclosure: On October 4, 2017, the following stocks and commodities
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Insurance giant Aviva has bought a majority stake in a British start-up that manages diversified investment plans. The insurer said Thursday it would allow customers to access “robo” investment firm Wealthify’s services via its app MyAviva. Based in Cardiff, Wales, Wealthify is targeted at millennials and offers five different investment plans via tax-free Individual Savings
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