Finance

U.S. government debt prices were lower Tuesday as traders monitored U.S.-China trade developments. The yield on the benchmark 10-year Treasury note rose to around 2.737 percent, while the yield on the 30-year Treasury bond increased to 3.101 percent. Bond yields move inversely to prices. Market players are focused on U.S.-China trade developments with mixed messages
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Facebook is keeping its cryptocurrency plans under wraps, even when it comes to other company employees. The social media giant silos off its secretive cryptocurrency team in an office that requires entirely different key-card access so that other Facebook employees can’t enter, according to a New York Times report, citing two Facebook employees. Facebook’s blockchain
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Check out the companies making headlines after the bell: L Brands shares fell more than 8 percent in extended trading after posting mixed fourth-quarter earnings and weak full-year guidance. The retail company posted $4.85 billion in revenue, compared to the $4.88 billion forecast by analysts. Earnings per share were $2.14, beating Wall Street’s expectation of
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Rupert Murdoch’s 21st Century Fox has been ordered to pay $179 million in damages for engaging in fraud with the creators and actors of TV series “Bones,” according to an arbitration ruling made public Wednesday. The ruling against Fox, one of the largest ever in the entertainment industry, illustrates the messiness and potential for fraud
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Check out the companies making headlines after the bell: After being halted for volatility, Weight Watchers shares cratered as much as 28 percent after hours Tuesday after posting dismal fourth-quarter earnings and weak full-year guidance. Missing on the top and bottom lines, the weight-loss and wellness company earned $330 million in revenue, missing Refinitiv estimates
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The Cooneys walked into the office to hear their test results. Matt Cooney, a 79-year-old retired television sportscaster, was informed that his financial decision-making capacity was in jeopardy. Dobe Cooney admitted that her husband had lost track of their bills a few times lately. “We don’t leave the teeth in the refrigerator or anything like
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Warren Buffett’s Berkshire Hathaway posted a rare share loss during the fourth quarter of last year, the company reported on Saturday, with the conglomerate’s bottom line taking a hit from its holdings in beleaguered consumer giant Kraft Heinz. Berkshire posted a share loss of more than $15,000 in its Class A shares, and wrote down
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Check out the companies making headlines after the bell: Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company’s fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37 cents. Revenue was posted as $2.05 billion, compared to the $2.04 forecast by analysts surveyed
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This is a developing story. Check back here for updates. Federal Reserve officials judged that a “patient” approach to interest rate hikes would be prudent as they continued weigh various headwinds to growth, according to meeting minutes released Wednesday. The central just released the summary of its policy meeting Jan. 29-30, with the market watching
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A Chinese state-run newspaper claimed in an editorial published late Tuesday that the U.S. faces greater pressure to resolve its ongoing trade war with China because failed negotiations would likely have major consequences for stocks worldwide. On Tuesday, the S&P 500 rose after U.S. President Donald Trump again indicated the world’s two largest economies might
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Activist investor Carl Icahn has a 9.8 percent stake in Caesars Entertainment and believes the casino operator should explore a sale, according to a Securities and Exchange Commission filing released Tuesday. The filing, which confirms previous reports that Icahn has taken a stake in the company, said: “Shareholder value might be best served, and enhanced,
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