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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Forward-thinking legal thinkers are helping us grasp these dynamics. For example, Rory van Loo has described the status of the “corporation as courthouse“—that is, when platforms like Amazon run dispute resolution schemes to settle conflicts between buyers and sellers. Van Loo describes both the efficiency gains that an Amazon settlement process might have over small
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Deputy National Security Adviser Dina Powell will depart the White House “early next year,” press secretary Sarah Huckabee Sanders said Friday. In a statement, the White House spokeswoman called Powell “a key, trusted advisor in this administration,” but said “she has always planned to serve one year before returning home to New York.” Sanders said
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One of Wall Street’s top strategists and a longtime bitcoin fan has unveiled his top stock ideas to clients as a way to play the cryptocurrency craze. Fundstrat’s Tom Lee was the first major strategist to issue an official price target on bitcoin and now becomes the first to give clients direct bitcoin equity plays.
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Customers of mobile-only banking start-up Revolut had a tough time accessing the app Thursday. The financial technology firm lets people spend and transfer money internationally without fees. But when it decided to allow users to buy, hold and exchange cryptocurrencies including bitcoin, Ethereum and Litecoin, some ran into difficulty. Revolut introduced a temporary queuing system
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You should also make sure you have adequate insurance coverage, Adams said. Take inventory of what you own and categorize major items, such as furniture, electronics and art work, to accurately assess their value. Note if your possessions have changed since you last updated your homeowner’s policy. If you have bought expensive furniture or electronics,
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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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Waze found that drivers are most unsatisfied in Honolulu. The Hawaiian city ranked lowest for access to gas stations and parking, in addition to having relatively poor road quality and infrastructure. San Diego, Los Angeles and San Francisco are also among the worst-rated metros. Some snowy cities appeared among Waze’s top-rated cities, while the bottom
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The reforms do have their shortcomings, however. The ‘bailing in’ of private investors has not worked as intended so far, a reduction in banks’ heavy exposure to government debt has not been tackled and loosely regulated investment funds are turning into “shadow banks” by slowly taking business away from regular lenders. The Basel reforms have
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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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Mexico’s secretary of tourism disputed reports of tainted alcohol and described warnings about criminal activities from the U.S. State Department as “misleading” on Wednesday. “There is no evidence about tainted alcohol,” Enrique de la Madrid Cordero said on CNBC’s “Power Lunch.” Cordero said the case he reviewed concerned “excessive alcohol” — a problem associated with
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“If you make a transaction, the onus will be on you to report it,” said certified financial planner Samuel Boyd, senior vice president of Capital Asset Management Group in Washington, D.C. “Those transactions generate either short-term capital gains or losses or long-term capital gains or losses.” For many investments, individuals generally receive a Form 1099
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