Month: September 2017

Andrew Harrer | Bloomberg | Getty Images Stanley Fischer, vice chairman of the U.S. Federal Reserve The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Vice Chairman Stanley Fischer announced his resignation. The dollar index hit an eight-day low of 92.005 and hovered around that level at 11:31 a.m. in
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If you’ve hated being forced to wait three days after selling a well-performing (or losing) investment to get your cash, you will likely get it a bit faster now. As of Tuesday, most broker-dealer securities transactions — i.e., stocks, corporate and municipal bonds, and exchange-traded funds — must settle within two business days instead of
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A recent article in Fortune quotes an equity analyst who argues that Berkshire’s loss of two large acquisition opportunities this year “calls into question the effectiveness of their gentleman’s agreement acquisition strategy,” adding that unless something in Buffett’s negotiating tool box changes, it’s going to be difficult to maintain his reputation as a savvy and
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Henrik Sorensen | Getty Images As passive investing becomes chic, outflows have increased from closed funds — which are now looking to open again. Managers of actively run funds can’t seem to get a break these days, and that includes closed ones. With the rise of passive investing, their business model and sales pitch for
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Finnish mobile games and animation studio Rovio Entertainment Ltd is considering to list its shares in Helsinki, bourse operator Nasdaq said on Tuesday. Nasdaq did not give further details, but said Rovio was due to hold a press conference later on Tuesday. Following years of falling earnings, job cuts and restructuring, Rovio returned to profit
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While the ban on ICOs does not directly affect bitcoin, the news created negative market sentiment which is weighing on the prices of several virtual currencies, according to Charles Hayter, chief executive and founder of digital currency comparison website CryptoCompare. “A rising tide lifts all boats but the opposite is also true – with generally
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As a physical education (P.E.) teacher and a two-time contestant on the challenging obstacle-course competition “American Ninja Warrior,” Morgan “Moose” Wright is, of course, teaching his children to be physically fit. And he’s melding those lessons with financial fitness, as well. Wright, a 43-year-old elementary school teacher from North Fort Myers, Florida, made it to
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Star Clippers’ five-masted, full-rigged 439-foot Royal Clipper looks like an old-fashioned sailing ship. Tucked inside are modern navigation systems, upscale accommodations and amenities, such as three swimming pools and supervised mast-climbing. The spa, health club and other areas of the ship’s Captain Nemo Lounge even have underwater glass portholes. When Star Clippers’ Flying Clipper, debuts
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In an interview with CNBC on Friday, White House economic czar Gary Cohn said that the main beneficiaries of a planned corporate-tax cut are workers. Touting the benefits of cutting the corporate-tax rate, he said it’s not just rich investors who stand to gain. He said pensions own most of the corporate stocks in the
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Canadian yoga and leisure apparel maker Lululemon Athletica reported quarterly profit and sales on Thursday that topped expectations as online sales surged 30 percent thanks to an effort to beef up its e-commerce strategy, and the company raised its outlook. The results helped ease concerns the “athleisure” trend popularized by Lululemon may be cooling. Shares,
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