He is hardly the first to take a negative stance on the digital token. Eventually, Gledhill predicted, bitcoin pricing will become “very cheap because that’s how it will scale,” adding that there’s no current pricing advantage for DBS. DBS is Southeast Asia’s largest lender and a big believer in emerging technologies. Earlier this year, the
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From a technical perspective, Cramer and Moreno both agreed that the daily chart of Abbott Laboratories was “a beautiful picture.” “In fact, Moreno says it’s a picture-perfect uptrend, [with the] stock steadily rising above its 50-day moving average,” Cramer added. Even though shares have recently been trading sideways, Moreno noticed that the relative strength indicator,
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Investors who depend on income in retirement or for other needs have gravitated to dividend stocks amid continuing low interest rates. GE’s move highlights how overexposure to dividend stocks can cause real problems, according to Ghodsi. What happened to bank stocks during the financial crisis is one example, he said, when companies that once paid
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As millennials step into becoming homeowners, Home Depot sees them ringing up more do-it-yourself projects at its stores. The retailer on Tuesday reported an impressive increase in same-store sales, fueled by more shoppers spending on items such as tools, lumber, garden accessories and flooring. Hurricanes Harvey and Irma, along with some U.S. wildfires, also boosted
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The wealthiest 1 percent of the world’s population now owns more than half of the world’s wealth, according to a new report. The total wealth in the world grew by 6 percent over the past 12 months to $280 trillion, marking the fastest wealth-creation since 2012, according to a new report from Credit Suisse. More
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A ring featuring an extremely rare 37.30-carat pink diamond is hitting the auction block Wednesday. “The Raj Pink” is the world’s largest known fancy intense pink diamond. “Color diamonds are exponentially rarer than white stones,” said Sotheby’s international jewelry specialist Brett O’Connor. “The stone is … right up at the very top. It has size,
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Continuous disruption in the oil and gas industry should be viewed positively, Baker Hughes CEO Lorenzo Simonelli said Tuesday. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), Simonelli said, “We have to look at disruption as being our friend.” “The new normal is continuous disruption, we need to take out all the inefficiency
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The home improvement retailer said customer transactions increased, and shoppers on average have been spending more across its stores. The Atlanta-based retailer also raised its full-year sales and earnings outlook, based on its projected “hurricane recovery” sales. Home Depot shares turned slightly negative after initially rising 2 percent in premarket trading. Here’s what Home Depot
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Wal-Mart is creating a home for luxury fashion online. The big-box retailer announced Monday it has partnered with Lord & Taylor to create an online “flagship store” for the apparel retailer. The landing page will launch on Walmart.com in spring 2018. “Our goal is to create a premium fashion destination on Walmart.com,” Denise Incandela, head
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