Finance

Despite a host of challenges facing consumer staples, Coca-Cola, Pepsi and Dr Pepper Snapple Group all buying opportunities, according to Deutsche Bank. With analysts across Wall Street cautious on the space due to new competition and pricing pressure, analyst Steve Powers argues that traditional beverages companies are up to the task. “The door has opened
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Ken Cheung, senior Asian forex strategist at Mizuho Bank Ltd in Hong Kong, also said the rise was surprising, and characterised the five basis point magnitude as “mild”. “This suggests that the PBOC’s intention to balance the risk of over-tightening amid the deleveraging process,” Cheung wrote in a note. Benchmark one-year lending and deposit rates
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Getty Images Janet Yellen, chair of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 13, 2017. Janet Yellen looked back on her year at the Federal Reserve and figured most of the boxes are checked: Accelerating
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Bitcoin futures will begin trading on the Cboe Futures Exchange on Sunday, following a huge ramp-up in the digital currency’s price. The futures will launch at 6 p.m. New York time and will be trading under the ‘XBT’ ticker symbol. The launch will let institutional investors buy into the cryptocurrency space. Until now, bitcoin has
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Microsoft and Google are among companies that have expressed private concerns to Qualcomm about a Broadcom takeover, according to people familiar with the matter. The companies are wary of Apple’s potential influence over a deal, said the people, who asked not to be named because the discussions are private. They’re also worried about Broadcom’s reputation
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of iShares MSCI Emerging Markets ETF. Karen Finerman was a buyer of ProShares UltraShares 20+ Year Treasury. Brian Kelly was a buyer of ProShares DB US Dollar Index Bullish Fund. Guy Adami was a buyer of Freeport-McMoRan. Trader
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Bitcoin dropped to as low as $14,566.81 Friday just after 1:30 p.m. SIN/HK, according to industry site CoinDesk. That was a nearly 14 percent decline from earlier high’s on the day of $17,153.94, according to the site which averages prices from major exchanges. In fact, bitcoin had actually rocketed above $19,000 on Thursday on the
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Former Democratic Congressman Harold Ford Jr. was fired from Morgan Stanley for “conduct inconsistent with our values and in violation of our policies,” a spokesperson told CNBC Thursday. The firing came as the former lawmaker was facing allegations of misconduct, according to a report in The Huffington Post, which was the first outlet to report
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Media giant Time Inc.’s acquisition by Meredith is key to boosting its digital business, offering it a fighting chance against “giant tech monsters” like Facebook and Google, the company’s chief content officer, Alan Murray, said Thursday. The $2.8 billion deal, backed by an affiliate of billionaire brothers Charles and David Koch, was announced in November.
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Paul Tudor Jones, a billionaire hedge fund manager who had thrown his support behind Harvey Weinstein, wrote a note to employees of Tudor Investment on Wednesday trying to distance himself from the disgraced Hollywood mogul. The note comes after a New York Times report detailing Tudor Jones’ communications with Weinstein in October just as shocking
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If JPMorgan Chase CEO Jamie Dimon wants to bet against bitcoin, the head of Cboe Global Markets is only too happy to give him the venue to place his wager. Ed Tilly, chairman and CEO at Cboe, is preparing for the exchange to open the first bitcoin futures exchange Sunday afternoon. While evading questions over
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Billionaire value investor Mario Gabelli’s love of media stocks is well-known, but on Monday he took to his Twitter account to test an idea. CNBC has been reporting that Disney had held talks with Rupert Murdoch’s 21 Century Fox about acquiring its studio and television production assets and hadn’t given up on striking some sort
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