Wall Street’s best-known cryptocurrency bull just cut his bitcoin price target nearly in half. Tom Lee, co-founder of Fundstrat Global Advisors, lowered his year-end target to $15,000 from $25,000 — still well above where the cryptocurrency was trading on Friday. A key driver was bitcoin’s “break-even” point, the level at which mining costs match the
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Age 70 could be the new 50. At least that’s what many women are saying when it comes to how they perceive their retirement years. A new survey from TD Ameritrade found that 73 percent of women said 70 is the new 50, while 59 percent of men said the same. The results come from
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The Securities and Exchange Commission announced its first civil penalties on Friday against crypto founders who failed to register new coin offerings, part of a bigger regulatory and legal crackdown aimed at abuses and outright fraud in the growing digital currency industry. The SEC said it settled separate cases with start-ups companies Airfox and Paragon,
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Prepare your calculators. The Internal Revenue Service has updated its tax brackets for 2019. This year marks the first under the new Tax Cuts and Jobs Act, an overhaul of the tax code that resulted in lower individual income tax rates, a doubled standard deduction and the elimination of personal exemptions. For the new year,
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Uber’s losses ticked up to nearly $1 billion during the third quarter and annualized growth is continuing to slow, according to the private company’s self-reported financials for Q3. The news comes ahead of the company’s anticipated IPO next year, which some bankers are saying could value the company at $120 billion, well over its last
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Thermo Fisher Scientific Inc.: “What a great company. $93 billion market cap company, run incredibly well. That’s my kind of company for this environment.” Arconic Inc.: “We’re not arbitrageurs. Let’s just take the profit and run, or even, frankly, let’s just go, because we don’t know how that deal’s going to work out.” Qualcomm Inc.:
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Check out the companies making headlines after the bell: Nvidia shares plummeted as much as 16 percent during after-hours trading Thursday after the company missed on revenue. The chipmaker reported $3.18 billion in revenue versus $3.24 billion as expected by analysts in the third quarter. Nvidia’s fourth-quarter revenue guidance also fell short of expectations, at
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Amy and Bill Keane had long dreamed of a “see the world” retirement, since busy careers limited their vacation time. “We’ve been living that dream now for nearly seven years,” Amy Keane said. The Keanes visited Ecuador twice before deciding to move to Cuenca. On each trip, there were meetings with realtors, visa attorneys, insurance
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