Month: January 2018

Brokers will soon have a couple new weapons to battle financial fraud targeting older Americans. First, a rule from securities regulators goes into effect on Feb. 5 that allows brokers to put a temporary hold on a requested account withdrawal if financial exploitation is suspected. “A lot of times advisors haven’t had the ability to
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The drop in health insurance stocks after the landmark partnership announcement by Amazon, Berkshire Hathaway and J.P. Morgan Chase is a buying opportunity, according to one Wall Street firm. The three companies announced a partnershipon Tuesday to devise ways to cut health-care costs and improve services for their 1.1 million employees. The firms will launch
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Cemex. Steve Grasso was a buyer of Twitter. Brian Kelly was a buyer of Taiwan Semiconductor Manufacturing Co. Dan Nathan was a seller of AT&T. Trader disclosure: On January 29, 2018, the following stocks and commodities mentioned
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Corning posted its seventh straight quarter of adjusted profit and revenue beat on strong demand for its Gorilla Glass used in smartphone screens and fiber optic cables. The company’s shares rose 1.8 percent to $34.86 in premarket trading on Tuesday. Net sales from Corning’s specialty materials unit, which makes Gorilla Glass, surged 17 percent to
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McDonald’s on Tuesday reported better-than-expected sales and earnings during the fourth quarter, as its value promotions and new menu items drew in more customers. Despite the positive news, McDonald’s stock fell 3.7 percent Tuesday afternoon as investors worried that the company’s addition of a new $1 $2 $3 Dollar Menu may prompt more customers to
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South Korean regulatory plans to tackle cryptocurrency speculation spooked investors earlier this month. But as the new rules take effect on Tuesday, participants in the market are sounding a positive note. South Korea’s Financial Services Commission on Tuesday confirmed to CNBC that new measures outlined by the body earlier this month had been implemented, but
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Experts warned that if growth were to disappoint again in the new financial year, it could create new political and economic pressure on Prime Minister Narendra Modi’s government ahead of 2019’s elections. Therefore, the government is expected spend enough to get the economy growing past 7 percent. So, market watchers will be paying close attention
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