The “Fast Money” traders shared their first moves for the market open. Dan Nathan was a seller of the Financials ETF Brian Kelly was a buyer of SPDR Gold Shares Karen Finerman was a buyer of Golar LNG Guy Adami was a buyer of Viacom Trader disclosure: On October 18, 2018 the following stocks and
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Joe Horowitz is a venture capital traditionalist. He believes in best practices, business fundamentals and calculated bets. But as megafunds and hundred-million-dollar rounds balloon valuations and flood the space, the Icon Ventures managing general partner finds himself fighting money with money. “If we don’t adjust to the reality of the implications of what the megafunds
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The Mega Millions jackpot reached $1 billion on Friday. So, what are the odds of hitting the winning numbers? Pretty slim. To make things even more difficult, lottery officials who run the Mega Millions game tweaked the rules and odds in October 2017 to make jackpots pay out less frequently, spurring their monster growth, according
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America has a retirement savings crisis. Nearly half of working-age households can’t continue their current standard of living in retirement, according to data from the U.S. Federal Reserve’s Survey of Consumer Finances. People are living longer, and traditional pension plans are vanishing, hurting the chances for people to save enough to live comfortably in retirement.
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The Federal Reserve isn’t paying enough attention to the jobs being wiped out by technological innovation, CNBC’s Jim Cramer said Friday. “Right at the moment when Silicon Valley is laying waste to white-collar jobs and many factory positions — that’s why companies love the cloud, it lets them fire people — the Fed is obsessed
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Jamie Dimon has never been shy about his envy for Silicon Valley. The CEO of J.P. Morgan Chase frequently travels west to meet with venture capitalists and entrepreneurs, touts his bank’s hefty investments in technology and famously warned in 2015 that “Silicon Valley is coming,” thanks to “hundreds of startups with a lot of brains
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PayPal reported third-quarter earnings and revenue that topped Wall Street estimates on Thursday. Here’s how the company did compared with what Wall Street expected: Earnings: 58 cents vs. 54 cents per share, forecast by Refinitiv. Revenue: $3.68 billion vs. $3.66 billion, forecast by Refinitiv. Shares of PayPal rose 2.2 percent in after-hours trading Thursday and
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A handful of beaten-down stocks could be screaming buys, at least if Wall Street forecasters are any indication. Names such as Western Digital, Micron and American Airlines have lost double-digits this year, putting them among stocks trading at the largest discounts to their respective average analyst price targets. While these losses are severe even amid
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The Treasury Department on Friday outlined rules for investors seeking to finance development in under-served regions in exchange for significant tax breaks. The proposed guidance would govern investments in so-called “opportunity zones” across the country that were created under the sweeping new Republican tax law. Treasury Secretary Steven Mnuchin estimated as much as $100 billion
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Apple CEO Tim Cook is calling for Bloomberg to retract its story about Chinese spy chips embedded in the company’s server equipment, telling Buzzfeed News in an interview, “This did not happen. There’s no truth to this.” “I was involved in our response to this story from the beginning,” Cook said according to Buzzfeed. “I
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Sell-offs that occur during earnings season often provide great opportunities for investors to build positions in top-notch stocks, CNBC’s Jim Cramer argued Thursday as the market compounded its monthly losses. “In a sell-off during earnings season, you can’t have a lot of guesswork. You want to be sure you’re buying companies that you absolutely know
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Investors finally got what they were waiting for in PayPal‘s quarterly earnings: Good news about Venmo. The peer-to-peer payments app, which PayPal acquired along with Braintree in 2012, has struggled to make money for its parent company. Wall Street analysts highlighted the app’s performance as a key metric to watch in Thursday’s earnings report. Venmo
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American Express is scheduled to report third quarter earnings after the market close on Thursday. Here’s what Wall Street expects: Earnings: $1.77 cents per share, forecast by Refinitiv Revenue: $10.05 billion, forecast by Refinitiv Net income: $1.53 billion, forecast by StreetAccount American Express reports the day after notes from the recent Federal Open Market Committee
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Whether you’re looking to avoid companies that have questionable environmental practices or to reward those that prioritize gender equality, there’s an investment strategy for that. Say hello to sustainable investing, which you may also know as socially responsible investing, a way for individuals to make a social impact with their dollars. This investment strategy involves
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