Month: December 2017

In a New Year telegram to U.S. President Donald Trump, Russia’s President Vladimir Putin says a constructive dialogue between the two nations is essential for global stability. The Kremlin said Saturday that Putin emphasized in his Seasons Greetings to Trump that Russia and the U.S. could develop a “pragmatic cooperation aimed at long-term perspective” on
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian is a buyer of JPMorgan. Tim Seymour is a buyer of Sea Limited. Carter Worth is a buyer of PotashCorp. Dan Nathan is a buyer of AutoNation. Trader disclosure: On December 28, 2017, the following stocks and commodities mentioned or intended
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U.S. equity: 38 percentInternational equity: 34 percentU.S. fixed income: 23 percentOthers: 5 percentSource: ETF.com Not surprisingly, high yield bond ETFs (HYG) saw outflows, but they were modest. Mexico ETFs were also a loser (a reverse Trump trade). Gold miners also saw outflows, and despite talk of an infrastructure plan, utilities and transports both had negative
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The Vietnam Stock Index increased 46.9 percent year-to-date as investors bought into the country’s rapidly-growing economy. The country is technically still classified as a frontier market by MSCI, but has been working on improving accessibility to foreign investors as it tries to get an upgrade to emerging market status. Besides encouraging local companies to publish
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Banks have long been at an advantage when it comes to data on their customers. From current accounts to credit cards, established lenders have access to vast amounts of information that financial technology (fintech) competitors could only dream of. In Europe, that could all be about to change. On January 13, banks operating in the
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A Democratic congressional candidate outside Philadelphia calls the Republican tax overhaul a “cynical bill” that will redistribute wealth upward. One of her counterparts in California dismisses estimates of tax savings for most U.S. households and says the legislation is “just putting money in the pocket of the wealthy.” And in Kansas, a Democratic candidate for
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After the African nation dealt with around four decades of Mugabe’s rule, Mnangagwa told the public that Zimbabwe was entering a new stage of democracy. With the new leader promising to boost the economy by tackling unemployment and poverty, people worldwide will be paying close attention to Mnangagwa’s actions in 2018, to see how he
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Banks are starting to headhunt actively again after years being fairly passive following the global financial crisis, a prominent recruiter said on Thursday. This time however, their focus will be on digital and fintech staff, said Declan O’Sullivan, managing director of search firm Kerry Consulting. The rising influence of digital and banking-specific technology — so-called
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Amazon‘s search for a second headquarters outside Seattle is just the beginning of a tech exodus from expensive coastal cities to cheaper inland locations, Redfin CEO Glenn Kelman said Wednesday. “Silicon Valley is going to leave Silicon Valley — that’s already happened,” Kelman told CNBC’s “Power Lunch.” “The technology companies, the Wall Street companies, they’re
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In its news releases and presentations, Facebook has framed the development of its fundraisers as part of a broader effort to do “social good.” Experts said that may be true. But they say there is almost certainly another motivation, too. Keith A. Quesenberry, an assistant professor of marketing at Messiah College in Mechanicsburg, Pa., said
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Check out the companies making headlines after the bell Tuesday: Energous stock surged more than 65 percent after the bell. The charging technology company announced it received Federal Communications Commission approval for its propriety WattUp transmitter. The much-hyped router purports to charge devices wirelessly, using Radio Frequency projections. The certification is the first of its
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Yes, it’s a bull on a goddamn pogo stick, vaulting over a bear. Talk about tempting fate… But so what. If fading this cover is your idea of “managing money”, maybe retire. If mocking it is your idea of cleverness, delete your account. It’s an old joke that hasn’t been funny in a decade. Here’s
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