Month: February 2018

Shares of Fitbit plunged as much as 12 percent in pre-market trading Tuesday — a day after a disappointing quarterly report. Shares shed as much as 15 percent in extended trading Monday. The wearable technology company lost 2 cents per share on revenue of $571 million in the fourth quarter. Analysts polled by Thomson Reuters
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Some projects are happening closer to the U.S. Y Combinator Research, based in Oakland, California, started a test of a basic income last year, and is raising funds to expand the research project. This year in Stockton, California, Mayor Michael Tubbs’s Stockton Economic Empowerment Demonstration will give several dozen low-income families $500 each month in
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Donat Sorokin | TASS | Getty Images A girl poses for a photograph on a stone sphere monument that unidentified persons have painted with the white Bitcoin cryptocurrency symbol in Oktyabrskaya Square, Yekaterinburg, Russia. Bitcoin jumped back above $10,000 Monday morning amid broad gains in the cryptocurrency market. The largest cryptocurrency suddenly spiked in morning
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Amid the latest stock market volatility, a renewed interest in diversification and rising inflation are putting more focus on commodities. After being regarded as moribund in recent years, the category, led by precious metals, delivered positive returns in 2017 for the second straight year in a row, as measured by the broad Bloomberg Commodity Index.
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General Electric will restate its earnings for 2016 and 2017 as it adopts a new accounting standard, according to a regulatory filing Friday. The updated accounting standard, which will take into account revenue from long-term contracts, will result in a 13 cent cut in reported earnings per share for 2016 and a cut of 16
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In the Global Impact Investing Network’s survey, investment professionals — i.e., fund managers, foundations, banks — reported that their social-impact investments have either met or exceeded their expectations for both impact (98 percent) and financial performance (91 percent). At Calvert Investments in Bethesda, Maryland, where impact investors hold $11.6 billion across 27 funds, the increased
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Warren Buffett’s Berkshire Hathaway on Saturday reported a record quarterly and annual profit, benefiting from a lower U.S. corporate income tax rate. Fourth-quarter net income increased roughly fivefold to $32.55 billion, or $19,790 per Class A share, from $6.29 billion, or $3,823 per share, a year earlier. Quarterly operating profit for the Omaha, Nebraska-based conglomerate
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