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U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. Markets have since recovered and,
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U.S. luxury home builder Toll Brothers said on Tuesday its quarterly profit rose 62.1 percent, as it sold more homes at higher prices. The company’s net income rose to $311 million, or $2.08 per share, in the fourth quarter ended Oct. 31, from $191.9 million, or $1.17 per share, a year earlier. Revenue rose 21.1
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Security start-up Pindrop has raised $90 million from investors including Vitruvian Partners and Goldman Sachs. The seven-year-old firm, which uses artificial intelligence (AI) technology to detect fraudulent phone calls, said Wednesday that it would use the latest funding to boost its European expansion plans. Vitruvian, a European private equity firm that has invested in the
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Women — especially in China — are playing an increasingly big role in Asia’s luxury spending. That is a key finding of Wealth Report Asia 2018, Bank Julius Baer’s latest look into high-end consumption in the region released Tuesday. It tracks the spending habits of so-called high-net-worth individuals, which the Swiss private banking group said
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YouTube’s highest-earning star made $22 million in 12 months – and is only seven years old. According to a Forbes estimate published Monday, Ryan — the child star behind YouTube channel Ryan ToysReview — earned $22 million in the year to June 2018, and is one of the platform’s top “influencers” with 17.3 million followers.
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The U.S.-China trade truce may have lifted stocks on Monday, but buyers should remain cautious while Wall Street awaits details on the final agreement, CNBC’s Jim Cramer and technician Tim Collins warned. “[Collins] thinks you need to be cautious when buying stocks here, because the trade truce failed to clean the murky waters,” Cramer said
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