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Monthly Archives: October 2018

Raymond James slashes chip stock profit estimates, says it is ‘too early’ to call bottom on tanking sector

Aaron M. Sprecher | Bloomberg | Getty Images An Intel Corp. 32nm Westmere chip sits on display during the Microsoft Global Energy Forum in Houston, Texas. There is more pain ahead for semiconductor stocks, according to Raymond James. The firm reduced its 2019 earnings estimates for eight chip stocks, predicting …

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Could Italy be the next Greece? Investors show growing concerns

TIZIANA FABI | AFP | Getty Images Italy’s Interior Minister, Matteo Salvini arrives on October 8, 2018 to the headquarters of the Unione Generale del Lavoro (UGL, General Union of Labor) trade union in Rome. Italian government bonds are increasingly seen as riskier investments given the anti-establishment Cabinet and its …

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India will import Iran’s oil despite US sanctions

Vipin Kumar | Hindustan Times via Getty Images Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Dharmendra Pradhan gestures as he brief the media about the achievements of Ministry of Petroleum & Natural Gas and Ministry of Skill Development & Entrepreneurship in past 4 years at Shastri …

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Trump administration makes its most aggressive moves against China yet

Joshua Roberts | Bloomberg | Getty Images Vice President Mike Pence speaks at the Hudson Institute in Washington, D.C., U.S., on Thursday, Oct. 4, 2018. Pence laid out allegations of Chinese election interference in a harshly worded speech Thursday, signaling a firmer U.S. pushback against Beijing as trade anxiety weighs on …

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M&A appetite falls amid Brexit, US-China trade fears, EY says

Thomas Peter-Pool | Getty Images News | Getty Images President Donald Trump takes part in a welcoming ceremony with China’s President Xi Jinping on November 9, 2017 in Beijing, China. Trump is on a 10-day trip to Asia.  Companies’ appetite for mergers and acquisitions has fallen to a four-year low, …

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Conor McGregor’s return may ring up $200M in UFC pay per view sales

Brandon Magnus | Zuffa LLC | Getty Images Conor McGregor hits the heavy bag during a media workout at the UFC Performance Institute on August 11, 2017 in Las Vegas, Nevada. In May, UFC signed a 5-year $1.5 billion media partnership deal with ESPN and Disney. ESPN will broadcast 30 …

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Amazon doubling down on private label, sellers see ‘huge fear’ 

Joshua Roberts | Reuters Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC’s “Milestone Celebration Dinner” in Washington, U.S., September 13, 2018.  Sellers and brands may not like it, but Amazon is clearly doubling down on its private …

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Finding bottom in an oversold market

The stock market was due for this sell-off, but the Federal Reserve certainly had a hand in kickstarting the pain, CNBC’s Jim Cramer said Friday as the major averages tumbled. “That’s exactly what happens when the chairman of the Federal Reserve tells us he may need to overshoot with his …

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Restaurant stocks are poised to go higher, says Piper Jaffray

Carl D. Walsh | Getty Images A waiter carries a tray of food to patrons at the Bayside American Cafe in Portland, Oregon. Regan said specifically she likes momentum plays, including Darden Restaurants, McDonald’s and Shake Shack. However, she also likes recovery stories, such as Chipotle and Potbelly, and thinks …

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‘Cult of founders’ is a real problem in Silicon Valley: Roger McNamee

Getty Images SpaceX CEO Elon Musk at the International Astronautical Congress on September 29, 2017 in Adelaide, Australia Another Silicon Valley darling, Facebook, has also been under scrutiny recently. The social media giant and its CEO, Mark Zuckerberg, have been dealing with fallout over several issues, including the Cambridge Analytica …

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