Finance
Crypto company FTX receives warning from FDIC to stop ‘misleading’ shoppers about deposit protection
Sam Bankman-Fried, founder and chief government officer of FTX Cryptocurrency Derivatives Trade, speaks all through an interview on an episode of Bloomberg Prosperity with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Illustrations or photos FTX, the crypto trade controlled by Sam Bankman-Fried, gained a stop-and-desist […]
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Warren Buffett receives permission to acquire up to 50 % of Occidental Petroleum, boosting the shares
Warren Buffett at press convention during the Berkshire Hathaway Shareholders Meeting, April 30, 2022. CNBC Warren Buffett’s Berkshire Hathaway on Friday obtained regulatory approval to acquire up to 50% of oil huge Occidental Petroleum. Shares of Occidental jumped 10% on the news to higher than $70 apiece, pushing their 2022 gains to far more than […]
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Shares generating the major moves midday: Bed Bathtub & Further than, Cineworld, Foot Locker, Wayfair and additional
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the organizations earning headlines in midday trading. Foot Locker — The retail stock surged additional than 20% following it appointed former Ulta Natural beauty head Mary Dillon as its chief government officer, replacing Richard Johnson. Foot Locker also noted a scaled-down-than-predicted fall in equivalent revenue […]
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Shares making the major moves premarket: Deere, Foot Locker, Mattress Bathtub & Beyond and additional
Verify out the organizations building headlines in advance of the bell: Deere (DE) – Deere slid 5.2% in premarket investing right after the significant gear maker skipped quarterly earnings estimates inspite of higher-than-envisioned sales. Deere earned $6.16 per share, underneath the consensus estimate of $6.69, as it productively implemented selling price hikes but also confronted […]
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Stocks making the biggest moves midday: Cisco, BJ’s Wholesale, Bed Bath & Beyond, Kohl’s and more
A customer walks through an aisle of a BJ’s Wholesale Club Inc. store in Falls Church, Virginia, U.S. Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Cisco Systems — Shares of the networking equipment producer jumped 5.8%. The company reported earnings after the bell on Wednesday that beat […]
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This $3.8 billion hedge fund is shaking up the industry with its pay-for-performance model
(Click here to subscribe to the Delivering Alpha newsletter.) When Peter Kraus founded Aperture Investors, he deviated from the traditional active management model. Rather than raking in fixed fees, Kraus’ $3.8 billion firm operates on a fee structure linked to performance, charging 30 percent of alpha. That’s higher than the industry standard but since inception, about half […]
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Hedge funds are sitting on a record level of bearish bets on the stock market
Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Hedge funds are getting increasingly skeptical about this big rally that broke out in the middle of a bear market. Net short positions against the S&P 500 futures by hedge funds have reached a record $107 […]
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Stocks making the biggest moves premarket: Kohl’s, BJ’s Wholesale, Estee Lauder and more
Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s shares slid 7.2% in the premarket after the retailer cut its full-year forecast due to increased promotional activity and higher costs. Kohl’s most recent quarter beat Street forecasts for revenue and profit. BJ’s Wholesale (BJ) – The warehouse retailer beat estimates by […]
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Web3 is in chaos and metaverses are in their own walled gardens, says Randi Zuckerberg
“We’re really just scratching the surface of what we’re going to see [in the metaverse],” said Randi Zuckerberg, the founder and CEO of Zuckerberg Media. Wildpixel | Istock | Getty Images A smooth and “complete decentralization” of Web3 is not yet a reality, said Randi Zuckerberg, referring to a system in which users rather than […]
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Chinese property developers’ cash flows have plunged by more than 20%
Analysts generally expect state-owned enterprises will perform better than non-state-owned developers in the latest real estate slump. Pictured here in Guangxi, China, on Aug. 15, 2022, is a real estate complex developed by state-owned conglomerate Poly Group. Future Publishing | Future Publishing | Getty Images BEIJING — Chinese property developers’ cash flows — a sign […]
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