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The World Economic Forum is looking to China for ideas on how governments can appropriately regulate the technologies of the future. The organization, which runs the annual conference of world leaders in Davos, Switzerland, announced Wednesday it is launching a hub in Beijing for government officials, businesses and academics to come up with suggestions for
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Red Hat stock fell as much as 7 percent and then rebounded on Wednesday after the company reported lower revenue than expected for the second quarter of its 2019 fiscal year, which ended on Aug. 31. Executives will discuss the results with analysts on a conference call at 5 p.m. Eastern time. Here are the
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of General Motors Brian Kelly was a buyer of the Oil & Gas ETF Steve Grasso was a buyer of Cronos Guy Adami was a buyer of Twitter Trader disclosure: On September 18, 2018 the following stocks and
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After years of neglect as investors chased higher returns elsewhere or simply left money parked in cash, short-term bond funds are increasingly gaining attention from those looking for a safe investment with some return. “Short-term bonds are now allowing you to pick up yield that you’re still generally not getting in any savings account, unless
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Check out the companies making headlines after the bell: Fitbit Inc stock fell nearly 2 percent during post-trading hours. The stock closed up 6.4 percent, after President Donald Trump announced on Monday that the $200 billion tariff on Chinese goods will avoid smartwatch makers and fitness trackers. Tilray Inc stock rose more than 5 percent
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FedEx reported quarterly profit that missed Wall Street estimates on Monday, as employee compensation and other expenses weighed on results. Shares in the Memphis-based package delivery company fell 5 percent Tuesday. FedEx and rival United Parcel Service are considered bellwethers for the U.S. economy and investors are monitoring U.S. President Donald Trump’s tariff battle with
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Reverse mortgages are a unique type of loan. Unique is a word that is thrown around a great deal, particularly when describing financial products. But it’s accurate when describing Home Equity Conversion Mortgages — another term for reverse mortgages. Here are three reasons: You don’t have to make payments on these loans until you die
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Stock investors face a tough challenge in choosing where to invest. Reviewing the massive amount of data available on public companies is vital for assessing the quality of companies and determining whether they’re suitable for their portfolios. But, it can be an arduous process. When you’re evaluating something like bonds, the overriding consideration is credit
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Banks, you’ve been warned. About two-thirds of Amazon Prime members would try a free online bank account from the e-commerce giant, according to a report from consultant Bain & Co. That’s considerably higher than the percentage of regular Amazon customers (43 percent) or non-Amazon customers (37 percent) who would try an account, indicating strong loyalty
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Good news for those who are currently collecting Social Security: Your monthly checks likely will be bigger next year. The Social Security Administration generally announces its cost-of-living adjustment in October. The Senior Citizens League, a nonpartisan organization, keeps an ongoing estimate of what that increase could be. The latest estimate — excluding the month of
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Check out the companies making headlines after the bell: Oracle shares fell more than 3 percent in after-hours trading after the release of its first quarter earnings report. The company reported their earnings per share as 71 cents, beating analysts’ estimates of 69 cents a share. However, it missed estimates for revenue, reporting $9.2 billion
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Citi Research believes Amazon should split itself up to reduce the risk of regulation and increase shareholder value. The firm reiterated its buy rating for Amazon shares, saying the technology giant is its “top pick” in the internet industry. “There has been greater noise of late regarding the desire to investigate and potentially regulate the
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