Finance
China’s central bank steps in to slow its rapidly weakening currency, as yuan hits one-year lows
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightrocket | Getty Images BEIJING — The Chinese yuan strengthened slightly against the U.S. dollar on Wednesday, reversing a sharp weakening trend after the People’s Bank […]
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Stocks making the biggest moves midday: General Electric, Warner Bros. Discovery, UPS, 3M and more
A General Electric (GE) sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines in midday trading. General Electric — Shares slid more than 11% despite the industrial company reporting top and bottom line beats for the first […]
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Michael Saylor claims bitcoin is ‘less risky than bonds’ as company bets on Fidelity’s latest 401(k) offering
MicroStrategy CEO Michael Saylor thinks bitcoin is safer than some of the most popular assets on the market. Source
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Fidelity is offering 401(k) investors access to bitcoin, the first retirement plan provider to do so
A Fidelity Investments location in New York. Scott Mlyn | CNBC Fidelity Investments said Tuesday it will offer investors the option to put bitcoin in their 401(k)s, making it the first provider to offer crypto for retirement savings. The crypto offering will be available for 23,000 employers that use Fidelity to administer their retirement accounts […]
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Stocks making the biggest moves premarket: PepsiCo, General Electric, UPS and others
Check out the companies making headlines in premarket trading. PepsiCo – Shares of the food and beverage giant dipped in the premarket although the company reported a beat on the top and bottom lines in the recent quarter as consumers paid more for some of the company’s key brands. General Electric – General Electric’s stock […]
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Nasdaq futures are slightly lower ahead of Big Tech earnings
Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings. Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little changed. In regular trading Monday, the Nasdaq Composite jumped 1.3%. The Dow advanced 0.7%, after cutting […]
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Stocks making the biggest moves after hours: Cadence Design, Packaging Corp of America, SBA Communications and more
Pankaj Nangia | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Cadence Design Systems – Shares of computer software company gained 5% after hours following the company’s quarterly earnings reports. Earnings and revenue for the first quarter both came in above consensus forecasts, according to FactSet. The company also issued […]
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Crypto exchange Kraken is set to launch in UAE as regional competition heats up
Jack Guez | Afp | Getty Images ABU DHABI, United Arab Emirates — U.S. cryptocurrency exchange Kraken is expanding into the Middle East and will open its regional headquarters in Abu Dhabi after receiving a full license to operate a regulated trading platform in the UAE. “We’re incredibly excited to be able to set up […]
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