Month: January 2018

Hargreaves raised his price target to $270 from $230 for Netflix shares, representing 23 percent upside to Thursday’s close. The analyst noted a recent report from the International Telecommunication Union that revealed broadband internet access was rising worldwide faster than expected. That makes Netflix’s potential market bigger and “prompts a corresponding increase to our estimates
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“Defendants also solicited ‘lifetime’ memberships in a more exclusive trading sector that would provide greater opportunities to profit from virtual currency trading,” the complaint said. “For example, one such opportunity purported to offer profits as much as 300% return on an investment in less than a week.” The domain Cabbage.tech appears for sale at $3,999,
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Despite the #MeToo movement shining light on the issue of sexual harassment in the workplace — and taking down a number of high-profile alleged perpetrators in the process — it appears many victims remain silent. Of the 12 percent of workers who say they’ve experienced sexual harassment on the job, 72 percent have not reported
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“See, technology itself will not determine the future we get, our choices will. Leadership will.” “I believe in positive, ambitious leadership. I don’t believe leaders should prey on the anxiety of the disenfranchized. Leadership should be focused on extending the ladder of opportunity to everyone, on pursuing policies that create growth and on ensuring that
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Netflix looks attractive heading into its quarterly earnings report being issued Monday afternoon, even after a massive run, strategist Mark Tepper says. Netflix shares have jumped 15 percent this year alone, and a whopping 65 percent in the last year. Shares rose over 1 percent on Thursday after Morgan Stanley released a bullish note on
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The U.S. Securities and Exchange Commission indicated Thursday it would not be open to approving cryptocurrency exchange-traded funds until concerns related to rules aimed at protecting investors are addressed. “We believe … that there are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to retail
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Despite its recent price whipsaw, bitcoin has gained legitimacy with investors and is here to stay, according to Spencer Bogart, a partner and head of research at Blockchain Capital. Bitcoin has been on a jolting ride this year after soaring more than 1,200 percent in 2017. It rose 30.9 percent Thursday, to top $12,000 after
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Shares of General Electric hit their lowest level since December 2011 on Thursday, briefly breaking below $17. The Dow component closed at $16.77, a six-year low, down 3.3 percent. The move lower follows a 4.7 percent decline on Wednesday and a 2.8 percent drop Tuesday. For the week, GE shares are down 9 percent. The
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By now, even your grandmother probably knows what a bitcoin is. If that’s not a sign of something going mainstream, I don’t know what is. As a financial advisor, I’ve found it interesting these past months to talk about bitcoin in a professional setting. When I do, I always explain that, no matter how exciting
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Bank of New York Mellon expects to book more severance charges in 2018, its chief executive said, as the custodian bank tries to cut costs and streamline its businesses. Shares fell 4.2 percent to $55.43 in early trading on Thursday, after BNY Mellon recorded $246 million in severance and litigation charges in its fourth-quarter earnings
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Qilai Shen | Bloomberg | Getty Images James Gorman, chief executive officer of Morgan Stanley Morgan Stanley posted fourth-quarter earnings and revenue on Thursday that beat analyst expectations, excluding a charge related to the tax bill, as strong results in wealth management offset a big drop in fixed income trading revenue. Here’s how the banking
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South Korean policymakers joined the global chorus of virtual-coin critics on Thursday, saying Seoul is considering shutting down domestic virtual currency exchanges as the new breed of market exposes users to speculative frenzy and crime. The country’s tough stance comes as policymakers from the United States to Germany struggle to come up with stricter regulation
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