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Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A trade organization that oversees the dissemination of trades at the NYSE said Monday’s trading glitch was due to a “network component failure” at the the exchange’s data center in Mahwah, New Jersey. The Consolidated Tape Association (CTA) said the
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The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a seller of Best Buy. Brian Kelly was a buyer of the Gold ETF. Mark Tepper was a buyer of CVS. Dan Nathan was a seller of the Retail ETF.  Disclosure Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF,
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Panoramic Images | Getty Images Many global investors are turning toward Silicon Valley instead of Wall Street in search of returns. The total invested in private markets hit all-time highs last year and continues to break multi-decade records this year. In the first half of the year, total investments in venture capital hit a 19-year
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Lyft President John Zimmer (L) and CEO Logan Green during an interview at an IPO event in Los Angeles March 29, 2019. Michael Luciano | CNBC Lyft, the second most popular ride-hailing platform in the U.S., just reported earnings for the quarter ended June 20: Loss per share: $0.68 adjusted, vs an expected loss of
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The Roku IPO at the Nasdaq, September 28, 2017. Source: Nasdaq Here are the biggest calls on Wall Street on Monday: Needham raised its price target on Roku to $150 from $120 Needham said Roku’s “value proposition” among advertisers is “growing.” “Key take-aways from this report include: a) given similar valuations, we prefer Roku to
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Getty Images Investment giant BlackRock just became the largest stakeholder of Sports Illustrated’s parent company. BlackRock bought roughly a 30% stake in Authentic Brands Group for $875 million, the company’s chief executive officer Jamie Salter CNBC’s Brian Sullivan in a phone interview on Sunday. The deal values the brand management company around $4 billion to
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Ruby Gadelrab and Jill Hagenkord of MDisrupt Ruby Gadelrab and Jill Hagenkord Before Theranos raised hundreds of millions of dollars, forged a partnership with Walgreens and started using its flawed blood-testing technology with patients, a thorough due diligence process might have raised red flags about the company’s methods and practices. Two industry executives — Rudy
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Chinese President Xi Jinping stands by national flags. Johannes Eisele | AFP | Getty Images The International Monetary Fund is urging the world’s two largest economies to resolve the escalating trade war quickly and fairly. In a new report published Friday by the executive board at the IMF, directors recommended a “comprehensive” agreement on trade
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People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Streaming platform Roku attributed an acceleration in its total revenue growth primarily to growth in advertising as the platform’s monetized
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A scene from Universal’s “The Hunt” Universal Pictures Universal Pictures has canceled the release of “The Hunt” after shooting massacres in Ohio and Texas last weekend killed 31 people and wounded dozens of others. The film, which Universal has called a “satirical social thriller,” is about a group of globalist elites who pay large amounts
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Long-time market bull Edward Yardeni is downplaying recession jitters. The Yardeni Research president suggests investors who fear an economic downturn will miss out on a fresh run to record highs. “The outlook for the economy remains positive,” he told CNBC’s “Trading Nation ” on Friday. “That should keep the stock market moving higher.” Yardeni, who
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