Finance

As for the argument that bull markets die in euphoria, Jainz said it was a question of looking in the right place: tech stocks. “Technology is undoubtedly in a bubble, and overheating phase. That is clear from looking at the gap between growth (e.g. tech) stocks and value (e.g. banks) which is at its highest
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JSW Steel USA is investing $1 billion in facilities in Mingo Junction, Ohio, and Baytown, Texas, President and CEO John Hritz told CNBC. “We are going to be hiring over 1,000 people,” Hritz said on “Closing Bell” on Thursday. The U.S. steel mill, headquartered outside Houston, produces hot-rolled plates and pipes. The capital expansion projects
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Facebook. Karen Finerman was a buyer of Bank of America. Dan Nathan was a buyer of the Financials ETF. Guy Adami was a buyer of Halliburton. Trader disclosure: On June 20, 2018, the following stocks and commodities
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Check out the companies making headlines after the bell: Shares of Barnes & Noble shot up nearly 8 percent in after-hours trading. The popular bookseller chain saw its sales and earnings rise significantly in its fourth quarter. HP shares gained nearly 3 percent in extended trading. The hardware technology manufacturer authorized an additional $4 billion
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South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen. The Seoul-based operator said on Twitter that the stolen coins would be covered from Bithumb’s own reserves and that all users’ assets are being transferred to safer “cold wallet.” Tweet 1:
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Check out the companies making headlines after the bell: Walgreens Boots Alliance stock increased as much as 4.5 percent in extended hours trading, before giving up some of its gains. The pharmaceutical store chain is set to join the Dow Jones industrial average prior to trading on June 26, replacing long time Dow member General
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Despite the dominance of large technology companies in the stock market’s gains over the last year, small company stocks are forecast to do better if trade war fears come to pass. Small company stocks have already been outperforming the broad market because of tax cuts and regulatory reform. The iShares ETF tracking the Russell 2000
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FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. Tesla continues to struggle with controversy. Over the weekend, actress Mary McCormack shared a video of her husband’s Tesla car on fire in Southern California. On
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Bitcoin is on the decline, but ethereum might be a better bet in cryptocurrency, Brian Kelly told CNBC. Bitcoin, the most popular digital coin and largest by market cap, was priced around $6,400 on Friday — a staggering decline from its December highs of around $19,500. But cryptocurrency is still a relatively new industry, and
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Respected geopolitical analyst George Friedman thinks blockchain, the technology underlying bitcoin, will one day become “obsolete.” “I’ve never known any encryption technology not to be broken,” Friedman told CNBC on Thursday from the sidelines of the UBS CIO Global Forum in New York. “I doubt between Russia, China, U.S. intelligence services” that blockchain can’t be
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour is a buyer of Cemex. David Seaburg is a buyer of Adobe. Brian Kelly is a buyer of the SPDR Gold ETF. Guy Adami is a buyer of Cypress Semiconductor. Trader disclosure: On June 14, 2018, the following stocks and commodities
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Theranos CEO Elizabeth Holmes was charged with fraud in March after raising more than $700 million while deceiving investors.The start-up made it appear as if it had successfully developed a commercially-ready portable blood analyzer when the technology could only perform a fraction of the tests advertised. Holmes settled civil charges with the Securities and Exchange
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Both Bitfinex and Tether, the company that issues the virtual currency, have been a cause of concern for some in the industry. “The lack of transparency surrounding Tether raises red flags for me,” said Dan Ciotoli, software engineer and blockchain analyst at Bespoke Investment Group. “It’s probable that Tether issuance made significant contributions to artificially
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Andrew Harrer | Bloomberg | Getty Images Randall Stephenson, chairman and chief executive officer of AT&T Inc., right, speaks with Jeffrey ‘Jeff’ Bewkes, chairman and chief executive officer of Time Warner Inc. Check out the companies making headlines after the bell on Tuesday: Shares of Time Warner surged more than 4 percent in extended trading,
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