Investing

Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy. Getty Images Earnings season is underway and there’s no shortage of story lines when Netflix reports its second quarter earnings after the bell on Wednesday. Wall Street analysts say they’ll be squarely focused
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Treasury Secretary Steven Mnuchin Jonathan Ernst | Reuters Treasury Secretary Steven Mnuchin has concerns about Facebook’s cryptocurrency and its potential illicit use. In a press conference Monday, he Facebook’s proposed digital currency, Libra, “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” The press conference comes days
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James Gorman, chief executive officer of Morgan Stanley. Michael Nagle | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: Citi upgraded Morgan Stanley to ‘buy’ from ‘neutral’ Citi said that Morgan Stanley‘s upcoming earnings may be “difficult,” but it likes the firm’s “limited rate exposure.”  “While 2Q19 is expected
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krisanapong detraphiphat | Moment | Getty Images Well-known venture capital firm Andresseen Horowitz is gearing up to increase its bets on the financial technology space. The Menlo Park, California-based company announced it would hire Credit Karma’s Anish Acharya as its newest general partner in an effort to beef up its investing team with experienced players
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If you’ve been wanting to own shares in the latest generation of space companies, now is your first chance. Social Capital Hedosophia, the investment vehicle of venture capitalist Chamath Palihapitiya, is merging with Richard Branson’s Virgin Galactic in a deal that will open the space tourism company to public investors later this year. Social Capital
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Apple CEO Tim Cook attends the China Development Forum in Beijing, China March 23, 2019. Thomas Peter | Reuters Here are the biggest calls on Wall Street on Monday: Rosenblatt Securities downgraded Apple to ‘sell’ from ‘neutral’ Rosenblatt said it sees Apple’s fundamentals “deteriorating.” “We believe there is less reward for owning Apple stock after
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The logo for the Vanguard Group is shown on correspondence in Zelienople, Pa. Keith Srakocic | AP Vanguard, the non-profit financial giant that single-handedly revolutionized the investment management world, reportedly wants to join the private equity party train. Is this another market that it intends to overhaul by passively managing and micro-pricing index fund offerings
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The outlook for Chinese stocks may be risky given the uncertain state of U.S.-China trade relations. But Lewis Kaufman, a portfolio manager at Artisan Partners, thinks investors should buy them anyway. “Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn’t exist anywhere else in the emerging
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President Donald Trump’s prospective Federal Reserve nominee sees an economy that is booming and thinks the central bank should not be a force standing in its way. Judy Shelton told CNBC that Friday’s strong jobs report is a good example of fiscal policy working, though she has expressed reservations about the Fed’s actions. The June
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