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Quarles is President Donald Trump’s choice to oversee the national banking system, and the first-ever vice chair for supervision. He has been vocal about rolling back regulations put in place following the 2007 recession. Quarles declared owning more than $1 million in Wells Fargo stock in June. He sold his holdings following his confirmation, according
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Fitbit won’t be profitable and will continue to burn through cash next year, Stifel said as it downgraded the company’s stock to a sell rating. The company that once ignited a boom in fitness trackers hasn’t innovated enough to keep consumers interested, Stifel wrote. Plus, it said Fitbit hasn’t unlocked any meaningful business in the
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Investors are scrambling to determine which companies will benefit most from President Donald Trump‘s policy initiatives, including the current Republican plan for tax cuts. JPMorgan’s top analysts weighed in on the discussion, with Dubravko Lakos-Bujas – the bank’s head of U.S. equity strategy – telling clients that corporate tax cuts spell a “goldilocks” scenario for
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Twitter. Karen Finerman was a buyer of Golar LNG. Brian Kelly was a buyer of iShares Russell 2000 ETF. Dan Nathan was a seller of Goldman Sachs. Trader disclosure: On December 14, 2017, the following stocks and
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