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Monthly Archives: September 2018

Airlines offer travel waivers as storm nears 

Robert Alexander | Archive Photos | Getty Images American Airlines ground crew members service commercial aircraft landing and arriving at Charlotte Douglas International Airport in Charlotte, North Carolina.  Airlines are allowing passengers to change their travel plans as Hurricane Florence spins closer to the U.S. East Coast. Hurricane Florence, currently …

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Insurers fall, Home Depot shares jump

As two potentially major hurricanes are brewing in the Atlantic Ocean, investors bid up shares that stand to benefit from increase sales of plywood and generators and sold shares that would be hurt by damage claims. Hurricane Florence could strike a direct blow on the southeast U.S. later this week. …

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iPhone Xr said to be name of Apple’s new lower-cost iPhone

Justin Sullivan | Getty Images Apple CEO Tim Cook (L) takes a picture with David Casarez (R) who just purchased the new iPhone X at an Apple Store on November 3, 2017 in Palo Alto, California. The most affordable new iPhone that Apple announces on Wednesday might be named the …

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iPhone prices would rise up to 20% if they moved

Getty Images A customer purchases the new iPhone X at an Apple store on November 3, 2017 in Palo Alto, California. IPhone prices will rise significantly if Apple assembles the smartphone domestically, according to Bank of America Merrill Lynch. On Saturday President Donald Trump tweeted Apple should manufacture its products …

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SEC suspends trading in cryptocurrency products over ETF confusion

Yu Chun Christopher Wong | S3studio | Getty Images A visual representation of the digital Cryptocurrency, Bitcoin, is seen on September 04 2018 in Hong Kong, Hong Kong. The U.S. securities watchdog has halted trading in two cryptocurrency-related products because of confusion over the nature of the financial products. The securities, …

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Tesla is ‘absolute epitome of instability’ and stock should be avoided

Tesla shares got burned last week in a sell-off that took its stock down 13 percent and cemented its position in bear market territory. Mark Tepper, president and CEO of Strategic Wealth Partners, warns investors to steer clear of the embattled carmaker. “I wouldn’t touch this thing with a 10-foot …

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Second year of profit, revenue surges

Eoin Noonan | Sportsfile | Getty Images Kristo Kaarmann, Co-Founder & CEO, TransferWise, on Centre Stage during day one of MoneyConf 2018 at the RDS Arena in Dublin. (Photo By Eóin Noonan/Sportsfile via Getty Images) TransferWise, one of Europe’s largest financial technology (fintech) start-ups, said Monday it was profitable for …

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Italy’s populist leader admits he checks markets every morning

Federico Bernini | Bloomberg | Getty Images Matteo Salvini, Italy’s deputy prime minister speaks during the Ambrosetti Forum in Cernobbio, Italy, on Saturday, Sept. 8, 2018.  Italy’s Deputy Prime Minister Matteo Salvini, who once said his executive would stand up against market attacks, told an audience that he checks bond spreads every …

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China markets haven’t reached the real bottom, investment expert says

VCG | Visual China Group | Getty Images HANGZHOU, CHINA – AUGUST 07: An investor watches the electronic board at a stock exchange hall on August 7, 2018 in Hangzhou, Zhejiang Province of China. Chinese shares rebounded on Tuesday, with the benchmark Shanghai Composite Index rose 74.21 points, or 2.74 …

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Australia gold find called ‘once-in-a-lifetime discovery’

Carla Gottgens | Bloomberg | Getty Images Gold anodes sit stacked in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia. A rare discovery of gold deposits in Western Australia has unearthed more than 15 million Australian dollars ($10.66 million) in four days, Australia’s ABC …

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