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Monthly Archives: December 2017

Here are 25 companies that will benefit the most from the GOP tax plan

President Donald Trump and the Republican Congress will likely pass tax reform in the near future. Wall Street analysts have been hard at work giving clients ways to play this big moment for the markets. House and Senate negotiators have reached a deal on a tax plan, moving the GOP …

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Ripple surges 89% in single day, briefly becomes third biggest digital currency

Ripple is vying with bitcoin cash to be the third-largest cryptocurrency by market value. Ripple, or XRP, surged 89 percent Thursday to a record high of 89.2 cents and was last trading near 81 cents, giving it a market value of $31.6 billion, according to CoinMarketCap. Those gains temporarily pushed …

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Stock market history shows 2018 could see small gains with correction

Stocks look set for further gains, but there’s good reason to believe 2018 will bring a full-throttle correction (10 percent decline), after this year’s shallow sell-off and low volatility. Strategists surveyed by CNBC expect a median gain of about 5 percent for 2018, for the S&P 500, and many expect …

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Wall Street analysts are missing the mark on some red-hot chip stocks

Analysts are overshooting their expectations for four major semiconductor stocks. According to FactSet data, Advanced Micro Devices, Western Digital, Micron and Applied Materials are among the top S&P 500 stocks trading at the largest discounts to their average price targets. Those stocks are currently sitting a respective 42, 35, 31 …

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Marco Rubio opposes current GOP tax plan; Mike Lee is undecided

Getty Images Sen. Marco Rubio (R-FL) speaks next to Sen. Mike Lee (R-Utah) during a news conference to introduce their proposal for an overhaul of the tax code, March 4, 2015 on Capitol Hill in Washington, DC. Two Republican senators are holding out from voting for the GOP tax plan …

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Disney-21st Century Fox deal gets rid of the ESPN problem

Al Pereira | Getty Images The On-Air hosts of ESPN deliver their Monday Night Countdown broadcast before the game between the Cincinnati Bengals and the New York Giants in the game at MetLife Stadium on November 14, 2016 in East Rutherford, New Jersey. Shares of Disney were more than 2 …

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FCC net neutrality vote broken up by security

Getty Images Federal Communications Commission Chairman Ajit Pai listens during a commission meeting December 14, 2017 in Washington, DC. The FCC is scheduled to vote on a proposal to repeal net-neutrality. A security threat halted a vote on net neutrality rules moments before commissioners were set to vote on the …

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Twitter shares soar to highest level since October 2016

Shares of Twitter gained 7.3 percent on Thursday, reaching their highest level in more than a year. The social media’s stock hit $23.24, its highest level since Oct. 5, 2016, when it traded as high as $25.25 a share. It traded at $22.71 at 11:16 a.m. ET. Jonathan Krinsky, chief …

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Overstock.com CEO aims to sell or reorganize e-commerce biz so he can focus on blockchain

Overstock.com CEO Patrick Byrne intends to have more clarity in the next three months on selling or reorganizing its retail business to focus on blockchain, the technology behind bitcoin. “My goal is [within] 60 to 90 days we walk away from this,” Byrne told CNBC Wednesday. He said he has …

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Rep. Farenthold will not run for re-election amid sexual harassment allegations

Tom Williams | CQ Roll Call | Getty Images Rep. Blake Farenthold, R-Texas. Rep. Blake Farenthold, R-Texas, will not seek re-election following allegations of sexual harassment and inappropriate behavior, NBC News confirmed Thursday. Farenthold has yet to make a formal announcement, but two Republican sources told NBC that top House …

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