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Monthly Archives: November 2018

United Airlines inks deal with Avianca, Copa to grow in Latin America

Nicolo Filippo | Bloomberg | Getty Images An airplane sits at the Avianca Holdings SA Maintenance, Repair and Overhaul (MRO) Aeronautical Center in Rionegro, Colombia on Tuesday, Nov. 7, 2017. Avianca Holdings SA reported a net income of $36.1 million USD in the third quarter despite a pilot strike that …

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Microsoft has better fundamentals, but buy Apple, says tech investor

Christopher Dilts | Bloomberg | Getty Images Tim Cook, chief executive office of Apple Inc., speaks during an event at Lane Technical College Prep High School in Chicago, Illinois, U.S., on Tuesday, March 27, 2018. Apple is making announcements in a bid to win back students and teachers from Google …

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Trump-Xi talks could send stocks like Apple higher — or lead to bear market

Stocks were higher but meandering Friday, after gaining sharply during the week. The S&P 500 was up about 4 percent for the week so far but up just 0.5 percent in afternoon trading. Analysts say the outcome is difficult to predict, and Trump’s comments have not made it very clear. …

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Bitcoin fell 37 percent in November, erasing $70 billion from industry

November will be a month to remember for bitcoin investors. The world’s largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk. Bitcoin hit a low of $3,878.66 Friday after starting November above the $6,300 …

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Investors are piling into boring defensive stocks like P&G as 2018 comes to an end

Wall Street is loading up on boring stocks as year-end approaches, a trend that could signal investors are worried the recent market volatility could continue. Net inflows into exchange-traded funds that track high-dividend, low volatility stocks are above $500 million on an eight-week rolling basis — the first time since …

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Microsoft poised to end trading ahead of Apple by market cap

Microsoft is poised to end trading Friday as the most valuable publicly traded U.S. company, surpassing Apple. Microsoft passed Apple in market cap again during intraday trading Friday, though Apple could retake the lead before market close. As of 3:30 p.m. in New York, both stocks were trading at about …

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Tesla reportedly achieves Model 3 production rate of 1,000 a day

David Paul Morris | Bloomberg | Getty Images Tesla Model 3 vehicles are loaded onto a truck for transport at the company’s manufacturing facility in Fremont, California, on Wednesday, June 20, 2018.  Tesla has achieved a Model 3 production rate of 1,000 cars per day, according to electric vehicle blog …

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Powell shouldn’t follow Greenspan’s example at Federal Reserve

Adam Jeffery | CNBC Jerome Powell, Chairman of the Federal Reserve, speaking at the New York Economic Club on Nov. 181128. Federal Reserve Chairman Jay Powell would be wrong to copy the playbook of his predecessor Alan Greenspan, according to a Yale lecturer and former Morgan Stanley executive. Powell has …

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Auto union says new trade deal won’t stop jobs from going to Mexico

Bill Pugliano | Getty Images Gary Jones, the newly-elected President of the United Auto Workers (UAW), addresses the 37th UAW Constitutional Convention June14, 2018 at Cobo Center in Detroit, Michigan.  The United Auto Workers union said General Motors’ decision to idle plants in the U.S. and Canada shows the new …

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Deutsche Bank slashes GE price target to $7

Akos Stiller | Bloomberg | Getty Images An employee unwraps turbine components inside the General Electric power plant in Veresegyhaz, Hungary. Deutsche Bank slashed its General Electric price target to $7 a share on Friday, saying revenue for the conglomerate’s struggling power business “remains flattish but does not continue to …

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