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Monthly Archives: August 2018

Guggenheim names Square its ‘best idea’ in fintech, sees stock gain

Louis Ascui | Fairfax Media | Getty Images Jack Dorsey, CEO of Square Even after payments company Square’s stock price quadrupled in a year, one analyst is betting that the shares are still cheap. Guggenheim raised its price target to $100 from $75 Tuesday and named Square its “new best …

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Three incredible stats about Apple as it tracks for its best month since 2012

“It’s certainly hard to fight the stock,” said Matt Maley, equity strategist at Miller Tabak, Tuesday on CNBC’s “Trading Nation,” noting that his firm reiterated its bullish call on the stock in May as it broke out to new highs. Over the past three months, Apple has surged 17 percent …

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Peter Thiel gives six figures to Republican National Committee 

Adam Jeffery | CNBC Peter Thiel, American entrepreneur, venture capitalist, and hedge fund manager. Venture capitalist and Republican mega-donor Peter Thiel has made his first six-figure splash in the 2018 midterm election cycle, according to newly posted Federal Election Commission records. The RNC saw Thiel, a billionaire philanthropist who has …

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Facebook just made a huge commitment on renewable energy 

JOSH EDELSON | AFP | Getty Images A lit sign is seen at the entrance to Facebook’s corporate headquarters location in Menlo Park, California on March 21, 2018.  Facebook has committed to cutting its greenhouse emissions by 75 percent and powering global operations with 100 percent renewable energy by the …

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Morgan Stanley forecast for Alphabet highest on Street due to Waymo

The accelerating success of Alphabet’s self-driving car unit, Waymo, spells big upside for stakeholders, according to Morgan Stanley. The bank raised its price target for the tech titan to $1,515, the highest forecast of any Wall Street brokerage and implying more than 20 percent upside over the next 12 months. …

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Dick’s Sporting Goods’ shares slide after missing second-quarter sales

Craig Warga | Bloomberg | Getty Images Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods store in West Nyack, New York. Shares of Dick’s Sporting Goods plunged by as much as 12 percent in premarket trading Wednesday after the retailer said it sold less merchandise …

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Still space for competition in China’s bike-sharing frenzy: Hellobike

Julien Viry | iStock Editorial | Getty Images Bicycles from Chinese bike-sharing companies like Ofo, Mobike and Hellobike While Ofo and Mobike have a heavy presence in China’s top cities, Hellobike is trying to take market share in the country’s smaller, more rural cities. The start-up says it is present …

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Uber’s China counterpart, Didi Chuxing, faces social media backlash

Over the weekend, Chinese social media erupted with posts echoing the “Delete Uber” movement. This time, the heat was on China’s dominant ride hailing company, Didi Chuxing. A woman was allegedly raped and killed Friday by a driver for Didi’s carpooling service in eastern China. The company’s apparent failure to …

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How the world is experimenting with blockchain

Blockchain technology offers the promise of more efficient and accurate processes because of how it works. And for governments that is exciting given the amount of data that they hold on citizens and how they are pushing to digitize much of that. Nations are also responsible for a massive amount …

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H&R Block, Box & more

Drew Angerer | Getty Images News | Getty Images  A woman jogs past an H&R Block office on Tax Day, April 18, 2017. Check out the companies making headlines after the bell: H&R Block shares rose 4.5 percent during after-hours trading following better-than-expected earnings for its first quarter, but subsequently …

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