Bank of America Merrill Lynch sees a silver lining for Facebook after the announced departure of two key executives. The firm reaffirmed its buy rating for Facebook shares, citing the money-making potential of its major apps. On Monday it was revealed that the co-founders of Instagram, Kevin Systrom and Mike Krieger, had resigned from Facebook.
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The cryptocurrency industry has a plea for Congress: Hurry up and regulate, please. More than 50 industry participants gathered on Capitol Hill for a roundtable discussion hosted by Rep. Warren Davidson, R-Ohio, Tuesday. Although attendees varied, none were from anti-establishment groups popular in the cryptocurrency space, nor did they include retail investors who bought bitcoin
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Delta Air Lines said it resumed operations after a “technology issue” briefly halted domestic departures on Tuesday evening. The second-largest U.S. airline had issued a ground stop for U.S. flights, which prevented planes from departing. It said there had “been no disruption or safety issue with any Delta flight currently in the air.” Delta tweeted
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Each person’s individual investing strategy may be different, but there are things every investor should avoid. Many individuals start investing with little to no education about the markets and learn the hard way by losing money. Instead, take note of these four investing mistakes. 1. Trying to time the market. Popularized by film and social
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Square could rattle the payments industry in the same way Facebook, Amazon, Netflix and Google shook up other traditional markets, according to one analyst. Because of that potential, Nomura Instinet is advocating an “S” for Square be added to the high-growth, so-called “FANG” group. “Similar to FANG stocks that have disrupted traditional markets with massive
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Google is ending its sweeping ban on cryptocurrency-related advertising and plans to allow regulated crypto exchanges to buy ads in the United States and Japan. The new policy starts in October. Google’s original restrictions, which it announced in March and rolled out in June, were intended to protect consumers and included initial coin offerings (ICOs),
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So what if the yield curve inverts? The spread between short- and long-term interest rates continues to shrink — the difference between 2- and 10-year Treasury bonds was just 21 basis points on Sept. 14 — but equity investors are shrugging off the bearish signal from the bond market. When short-term bonds pay more than
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Check out the companies making headlines after the bell: CenturyLink shares fell about 4 percent in after-hours trading following news that CFO Sunit Patel has resigned from the telecom company, effective Sept. 28. VP of Finance Neel Dev will act as the interim CFO until a permanent replacement is found. Patel will join T-Mobile US
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Kevin Systrom and Mike Krieger, the co-founders of the photo-sharing app Instagram, have resigned and plan to leave the company in coming weeks, according to people with direct knowledge of the matter. The exits add to the challenges facing Instagram’s parent company, Facebook. Mr. Systrom, Instagram’s chief executive, and Mr. Krieger, the chief technical officer,
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A new partnership between Apple and Salesforce gives iPhone users broad capabilities to manage their businesses, according to CNBC’s Jim Cramer. “Everyone has an Apple phone but what they lack is a tie in with business,” said Cramer on “Squawk on the Street” on Monday, shortly after the deal was announced. “It’s so big that
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Early results show that customers are excited for the latest iPhone lineup, which should drive higher sales volume and stock gains, according to two top analysts. Both Citigroup and RBC Capital Markets reiterated their buy ratings on Apple over the weekend after seeing just how popular the new phones appear. For Citi analyst Jim Suva,
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Shares of Comcast tanked 8 percent Monday after the company beat out Twenty-First Century Fox to acquire British broadcaster Sky. The stock fell as low as $34.75 in morning trading, on pace for its worst day since January 2009. Comcast outbid rival Fox on Saturday with a $40 billion takeover offer in a rare three-round
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Earlier this month, CNBC tracked down one of the first people to qualify for student debt cancellation under the public service loan forgiveness program, which allows certain not-for-profit and government employees to have their federal student loans scrubbed after 10 years of on-time payments. “I feel pretty lucky,” Kevin Maier, a tenured professor at the
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The Trump administration’s tariffs and shrinking demand are hurting Micron’s stock and worrying Wall Street. But the company’s $10 billion buyback could be exceedingly useful for keeping its shares afloat, CNBC’sJim Cramer said Friday. “Yes, historically, this is a boom-and-bust company,” the “Mad Money” host said. “But this time may be different, because Micron has
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Veteran fund manager Larry Glazer is worried too many investors are in the wrong trade. His concerns stem from the crucial role big technology stocks are playing in the record rally. If investors don’t diversify away from some of the year’s biggest winners now, Glazer believes they’re going to feel a world of pain. “Ten
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Last Tuesday, Disney‘s Marvel Studios released the much-anticipated trailer for 2019’s “Captain Marvel,” and it is a big deal: It is the first female superhero-led franchise for Marvel’s cinematic universe. The film stars Brie Larson as Captain Marvel in the starring role, with supporting roles for Samuel L. Jackson and Jude Law. Marvel Studios’ president,
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