Finance

Venezuela is doing something completely unprecedented. Some even say illegal. As part of an attempt to stop skyrocketing inflation, the country is issuing a new fiat currency called the “sovereign bolivar,” which will be backed by a cryptocurrency. But that cryptocurrency called the “petro” does not trade, and Venezuela’s own parliament says it’s being illegally
0 Comments
The “Fast Money” traders shared their first moves for the market open. Brian Kelly was a buyer of the Utilties ETF Karen Finerman was a buyer of Alibaba David Seaburg was a buyer of Macy’s Dan Nathan was a seller of the Semiconductors ETF Trader disclosure: On August 15, 2018 the following stocks and commodities
0 Comments
A U.S. investor filed a $224 million lawsuit against AT&T Wednesday accusing the telecommunications giant of negligence that allegedly caused the California resident to lose roughly $24 million in cryptocurrency. In a 69-page complaint filed with the U.S. District Court in Los Angeles, the plaintiff Michael Terpin claimed that because of “AT&T’s willing cooperation with
0 Comments
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
0 Comments
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
0 Comments
The boss of influential bond investor Bill Gross told CNBC on Thursday that the billionaire guru “has been wrong and wrong badly” this year. Gross is the portfolio manager of Janus Henderson Global Unconstrained Bond Fund, which suffered more than $200 million in redemptions last month, according to Bloomberg, lowering assets to $1.25 billion from
0 Comments
Check out the companies making headlines after the bell: Snap stock rose as much as 11 percent in the extended session after reporting a smaller-than-expected loss of 14 cents per share for the second quarter, 3 cents less than the 17 cent loss per share expected by Wall Street. It also reported revenue for the
0 Comments
There are two trillion-dollar markets that are great new business opportunities for Amazon, according to D.A. Davidson. The firm reiterated its buy rating for Amazon shares, saying the e-commerce giant should enter the travel and gas station markets. “Based on our estimates, Amazon is currently pursuing 8 of 10 market opportunities that exceed $1T, globally.
0 Comments
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
0 Comments