Finance

It’s about time to write off high-growth tech stocks, Goldman Sachs warned, saying the double whammy of sky-high valuation and elevated regulation is becoming a “hazard” to the group. Technology stocks have been investors’ darlings for years as the appetite for superior growth shows no signs of slowing. Software names especially are big hits this
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Actor/producer Brad Pitt accepts the PGA Visionary Award during the 26th Annual Producers Guild Of America Awards last January in Los Angeles. Getty Images Hollywood star Brad Pitt, Steve Job’s widow Laurene Powell Jobs and UK-based stock-picker Neil Woodford are all reportedly investing in a little known “cold fusion company,” the Financial Times said on
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David Gurle, CEO, Symphony Source: Symphony Symphony, a messaging platform for Wall Street firms, has been valued at $1.4 billion, according to people with knowledge of the company. The start-up will soon announce that it raised $165 million from investors to fuel its global expansion, according to the people. Symphony’s latest valuation is a relatively
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Customers play a basketball arcade game at a Dave & Buster’s Entertainment Inc. location in Pelham, New York. Timothy Fadek | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of entertainment and restaurant company Dave & Buster’s fell 17.6% during extended trading after missing earnings and revenues estimates and
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The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of Snap. Brian Kelly was a seller of the S&P 500 ETF. Steve Grasso was a buyer of Ford. Dan Nathan was a seller of Microsoft.  Trader disclosure: Pete is long calls ALLY, CSCO, CYRX, DBX, DVN, FCX,
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President Donald Trump tours the area around the U.S.-Mexico border wall in Calexico, California, U.S., April 5, 2019. Kevin Lemarque | Reuters Stock futures indicated that the Dow Jones Industrial Average would open more than 100 points higher Monday in the wake of President Donald Trump’s decision to suspend planned tariffs against Mexico. Trump announced
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Robert Lighthizer, U.S. trade representative, right, and Steven Mnuchin, U.S. Treasury secretary. Alex Edelman | Bloomberg | Getty Images Treasury Secretary Steve Mnuchin said Saturday that President Donald Trump still has the authority to impose tariffs on Mexico if it does not live up to the terms of a deal to strengthen immigration enforcement and
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Stanley Druckenmiller Katie Kramer | CNBC Billionaire investor Stanley Druckenmiller went after President Donald Trump and lawmakers on Friday for attacking big technology companies. “We are attacking our companies that are the leaders in this stuff. But man, it’s great. We’re supporting our steel industry, our coal industry, [and] our aluminum industry. Way to think about the
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Check out the companies making headlines after the bell: Shares of Beyond Meat soared 14% in extended trading on Thursday after the plant-based alternative meat company reported its first quarterly report since going public. The company reported revenue of $40.2 million, surpassing the expected $38.9 million, and earnings of 14 cents per share. The company
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Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images Check out the companies making headlines after the bell: Shares of Salesforce jumped nearly 3% in extended trading after the software company reported better-than-expected first-quarter earnings and strong guidance for the 2020 fiscal year. The company reported earnings of 93 cents
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