Month: June 2018

JSW Steel USA is investing $1 billion in facilities in Mingo Junction, Ohio, and Baytown, Texas, President and CEO John Hritz told CNBC. “We are going to be hiring over 1,000 people,” Hritz said on “Closing Bell” on Thursday. The U.S. steel mill, headquartered outside Houston, produces hot-rolled plates and pipes. The capital expansion projects
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In April, the SEC said it planned to propose a best-interest standard for investment advisers and broker-dealers that make recommendations to retail investors. The agency also opened the proposal up for a 90-day comment period. The Securities Industry and Financial Markets Association, a trade group that represents banks and asset management and securities firms, praised
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Louis Ascui | Fairfax | Getty Images Jack Dorsey, co-founder and CEO of Square and Twitter. Square has a large untapped opportunity to offer more services to the restaurant industry, according to one Wall Street firm. Nomura Instinet reiterated its buy rating for Square shares, predicting the payment company’s new offering called “Square for Restaurants”
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Facebook. Karen Finerman was a buyer of Bank of America. Dan Nathan was a buyer of the Financials ETF. Guy Adami was a buyer of Halliburton. Trader disclosure: On June 20, 2018, the following stocks and commodities
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Goldman Sachs upgraded Verizon and Charter Communications to buy from neutral, believing the broadband providers have been unfairly punished as other telecommunications giants pursue costly acquisitions. “We believe that broad underperformance across the sector has been driven by a few key factors, including concerns about fundamental headwinds, M&A uncertainty and rising interest rates,” the Goldman
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The acting director of the Consumer Financial Protection Bureau says until the agency breaks out of Senator Elizabeth Warren’s shadow, it cannot operate as a “gold-standard” regulator. “We are still Elizabeth Warren‘s baby,” CFPB Acting Director Mick Mulvaney said at the Future of Fintech conference in New York Wednesday. “Until we break that we will
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