Finance

HTC’s Exodus 1s smartphone comes packed with cryptocurrency-related features. HTC HTC is bringing out a cheaper version of its blockchain-friendly smartphone in a bid to entice the people hesitant about buying cryptocurrencies and expense flagships from the likes of Apple and Samsung. The Taiwanese smartphone maker on Saturday launched the Exodus 1s, a slightly smaller
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Check out the companies making headlines before the bell: American Express – The financial services giant earned $2.08 per share for the third quarter, 5 cents a share above estimates. Revenue also came in above analysts’ forecast. American Express also forecast current-quarter revenue growth of 8% to 10%, compared to a consensus estimate of 8.9%.
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Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, first climbing about 4% immediately after the market close before slipping and settling about 1.4% below the closing price following the company’s third-quarter earnings
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Nobel laureate Myron Scholes said the options market indicates the smart money is getting nervous. “Right now for the smart money, the way ahead is pessimistic,” Scholes, chief investment strategist at Janus Henderson Investors, said at the annual Sohn San Francisco Investment Conference. The ratio of the expected upside over the expected downside is at
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Billionaire investor Leon Cooperman took aim at what an Elizabeth Warren presidency would mean for the stock market, on Wednesday.  “If Elizabeth Warren is elected president, in my opinion, the market drops 25%,” Cooperman told CNBC’s “Squawk Box.” “Bernie Sanders, same thing.” Presidential hopeful and Massachusetts senator Warren has risen in the polls in a
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Wells Fargo shares slipped after reporting third-quarter earnings slightly below expectations on Tuesday, as a key measure of the bank’s profitability continued to slide as it undergoes a restructuring. The bank reported net income of $4.6 billion in the third quarter, down 23% from the same period last year. Wells Fargo’s net interest income, a
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Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Scott Morgan | Reuters David Rolfe, a longtime Berkshire Hathaway shareholder and chief investment officer at Wedgewood Partners, is fed up with
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Bryn Mawr’s Jeffrey Mills believes the market needs more time to break out of its slump. Despite President Donald Trump’s decision to suspend this week’s U.S. tariff increases on $250 billion of Chinese goods, Mills questions whether it’s enough to boost stocks into year-end. “The market has basically been held hostage by the trade negotiations,”
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At the very top of Twitter‘s corporate values website, there’s a statement: “We believe in free expression and think every voice has the power to impact the world.” What’s left unsaid in the company’s value statement is: “What if you don’t want to impact the world?” The National Basketball Association and one of its franchises,
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An American Airlines Boeing 737-800 plane takes off from Los Angeles International airport. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of American Airlines dipped 1.65% during extended trading after authorities in Miami forcibly removed a man on a flight to Newark, New Jersey earlier Monday. The man reportedly
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Katie Haun, Andreessen Horowitz general partner. Source: Andreessen Horowitz Seven years ago, bitcoin was a foreign language to federal prosecutor Katie Haun. That changed when her boss at the U.S. attorney’s office asked her to look into shutting it down. What’s now the most widely used cryptocurrency was a niche payment method being used in
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