Finance

The dramatic fall in the Turkish lira over the last few days has rattled global markets, even though experts don’t expect the troubles facing Turkey to trigger the next financial crisis. Turkey accounts for less than 1 percent of the world economy and global exposure to the Turkish banking sector is also small, experts said.
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The Chinese government is stepping up scrutiny of and instituting new measures for a once-burgeoning online lending sector, where fund closures have prompted protests and even caused a convenience store chain in Beijing to shut down. The targeted sector is peer-to-peer lending platforms, which claim to connect investors with borrowers over the internet, giving money
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Intel’s chip manufacturing technology issues are a big problem, according to Goldman Sachs. The firm lowered its rating to sell from neutral for Intel shares, citing its repeated delays in moving to its next generation chip process technology. “We see Intel’s struggles with 10nm process technology having ramifications in terms of its competitive position –
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Intel Karen Finerman was a buyer of Lowe’s Dan Nathan was a buyer of Twitter Guy Adami was a buyer of Ralph Lauren Trader disclosure: On August 9, 2018 the following stocks and commodities mentioned or intended
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Check out the companies making headlines after the bell: Tesla‘s stock rose more than 3 percent during after-hours trading after a CNBC report that the Tesla board plans to tell Elon Musk to recuse himself from a board review of his proposal to take the company private. Sources familiar with the matter said the electric
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It may get messy, but PNC Financial’s Jeffrey Mills believes the market is in a “pretty decent spot.” According to the firm’s co-chief investment strategist, Wall Street angst over geopolitical headwinds is essentially overdone, and strong earnings will ultimately dominate. “I would still characterize this market as there’s nothing to fear, but fear itself,” he
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CBS CEO Les Moonves had the chance Thursday to speak to the investor community about allegations of sexual misconduct stemming from an eight-month investigation by Ronan Farrow for The New Yorker. Instead of addressing the claims, he chose to remain silent. He talked about advertising growth and streaming video and direct-to-consumer platforms — everything but
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Apple’s historic feat in becoming the first publicly traded U.S. company to clinch a $1 trillion market capitalization has several analysts on Wall Street, normally a super bullish crowd, doubting whether the iPhone maker’s shares can keep climbing at the same lofty pace. Though shares have bounced more than 8.5 percent over the past three
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Tesla stock rose more than 5 percent during after-hours trading following a revenue beat for its second quarter earnings and as the company reassured investors that it will be profitable in the second half of the year. The electric automaker reported $4 billion in revenue for the quarter, beating Wall Street estimates of $3.92 billion.
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