Philippe Lopez | AFP | Getty Images A man walks out of a shop displaying a bitcoin sign during the opening ceremony of the first bitcoin retail shop in Hong Kong on February 28, 2014. Even if you’re skeptical about cryptocurrencies, but the ICO, or initial coin offering, has been one of the hottest trends
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Stephen Yang | Reuters Local resident Vishnu Obregon in the Brickell neighborhood as Hurricane Irma passes Miami, Florida, U.S. September 10, 2017. Homeowners affected by Hurricanes Irma and Harvey have already absorbed a body blow from damaged homes and lost possessions. Now, they’re bracing for another: repair scams. After weather calamities, fraudsters — also known
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Melco. Steve Grasso was a buyer of Avis Budget Group. Dan Nathan was a seller of Micron. Guy Adami was a buyer of Salesforce. Trader disclosure: On September 19, 2017, the following stocks and commodities mentioned or
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General Mills reported a smaller-than-expected quarterly profit, hurt by lower sales of its yogurts and cereals in North America. The Cheerios cereal maker’s shares fell 4.3 percent to $53 in premarket trading on Wednesday. General Mills said its U.S. yogurt sales recorded a double-digit drop as demand for Yoplait Greek and Yoplait Light products remained
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Krisztian Bocsi | Bloomberg An employee beside a blast furnace cast house at ThyssenKrupp AG’s steel plant in Duisburg, Germany. Tata Steel says it has signed a memorandum of understanding with Thyssenkrupp to create a “leading European steel enterprise.” The company said the 50-50 joint venture — Thyssenkrupp Tata Steel — will be headquartered in
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Allocations to hedge funds declined, falling to 6.2 percent of the average family office portfolio, the survey found. Among multi-year participants in the survey, the allocation fell to 7.1 percent in 2016 from 8 percent in 2015 amid concerns over their ability to generate satisfactory returns, it said. That came despite better performance, with the
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Shares of FedEx fell in extended trading after the company lowered its fiscal 2018 forecast on Tuesday. The shipping giant said it now expects earnings between $11.05 and $11.85 per share, below its previous projection for earnings between $12 and $12.80 per share. The company said it adjusted its outlook to account for the impact
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A Swiss financial watchdog has closed down providers of a “fake” cryptocurrency called E-Coin. The latest regulatory step follows a series of moves from China to toughen up on bitcoin and other digital tokens, signaling frustration in the continent over the phenomenon. According to the central European country’s Financial Market Supervisory Authority (FINMA), at least
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Rob Stothard | Getty Images News | Getty Images Jeremy Corbyn, MP for Islington North and candidate in the Labour Party leadership election, speaks to supporters outside Great St Mary’s church on September 6, 2015 in Cambridge, England. One of Europe’s largest political gatherings will take place in the British seaside town of Brighton this
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Boasting that your journey as an entrepreneur has been a breeze may seem like it’s a competitive advantage, but it’s actually a turnoff for Raj Ganguly, co-founder and partner of B Capital. The firm has offices in Los Angeles, San Francisco and Singapore and was co-founded by Facebook co-founder Eduardo Saverin. “One of the biggest
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Customers are describing Chipotle Mexican Grill’s new queso as “gritty” and “disappointing” across social media. That kind of negative response could translate into weaker same-store sales for the quarter, according to research from Goldman Sachs. Chipotle officially launched its queso nationwide last Tuesday after weeks of hype across social media. But following the nationwide release,
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