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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Japan, the United Kingdom, and several other countries have adopted a system known as “precision withholding” that lets taxpayers avoid filing any kind of tax return at all. The tax return, at the end of the day, is an anachronistic legacy of the old days of paper record-keeping when it wouldn’t have been feasible to
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At times, she said, she languished in virtual detention after Guo’s staff confiscated her smartphone, computer, passport and keys and forbade her from leaving her room in his luxury apartment in the high-end London neighborhood of Belgravia. To prove her case, the woman surreptitiously met a lawyer friend in London earlier this year to give
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Check out the companies making headlines after the bell: Shares of Semtech dove 11.5 percent after hours following a mixed earnings announcement. The company beat earnings estimates but fell short of revenue estimates. The chip maker expects third quarter revenue between $145 million and $153 million and earnings per share between 48 cents and 52
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Finally, Cramer erred his grievances about Monday’s after-hours trading, when panicked sellers made some trades that truly astonished the “Mad Money” host. First, traders fled the stock of Alibaba, the Chinese e-commerce giant that many have compared with Amazon. “I can’t believe I even need to spell this one out, but Alibaba’s a Chinese company,
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