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Monthly Archives: October 2019

2019 is shaping up to be one of the best years ever for investing

This year could be one of the best ones ever for investors if the gains in major asset classes hold. Stocks, bonds, gold and crude oil are all up nicely for the year. In fact, this could be the first year ever in which all four asset classes rise at …

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A sector of the market that needs a recession in worst way possible

In May of this year, for the first time in history, exactly half of investors in the U.S. had given up on stock pickers. That was the month that index funds finally caught actively managed funds in total assets under management. By August, index fund and ETF assets, led by …

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Intrigue over absent masterpiece as da Vinci show opens doors

PARIS (Reuters) – A major exhibition marking 500 years since the death of Leonardo da Vinci opened in Paris on Thursday but there was intrigue over whether the “Salvator Mundi” painting of Christ, one of the best-known works attributed to the master, would make a late appearance. FILE PHOTO: The …

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‘Flight shaming’ getting traction, could cost airlines billions

aviation-images.com | Universal Images Group | Getty Images Consumers are paying more attention to their carbon footprint and it could cost airlines billions of dollars, Citi said in a note to clients on Tuesday. The firm said that “flight shaming,” which it defines as “the inherent guilt that an individual …

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PayPal surges after strongest results in at least a year

A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images PayPal had a break-out quarter, sending its stock surging after reporting earnings. The payments company beat Wall Street’s estimates across the board for the third-quarter results Wednesday evening. Investors applauded the outperformance, …

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Tesla’s stock is surging but some analysts found real problems with its earnings report

Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. FilmMagic | HBO | Getty Images Tesla shares surged after the company posted a surprise profit for the third quarter. While many on the Street said it was …

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Tesla stock heads for biggest pop in 6 years after third quarter earnings

Tesla’s stock is set to pop big when trading begins on Thursday, after the electric automaker turned in an unexpectedly profitable third-quarter and better than anticipated progress toward getting its Shanghai factory operational. “Skeptics had legitimate concerns in the past, but Tesla is now building cash, winning market share, and …

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Texas Instruments causes chip wreck, and there may be more pain ahead

There’s a chip wreck going on, and it’s Texas Instrument’s fault. The chipmaker continued its tumble Wednesday following an earnings report that sent the stock careening Tuesday after the bell, dragging the VanEck Vectors Semiconductor ETF (SMH) down nearly 2% at $121.30 as it became the ETF’s worst-performing stock of the …

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Twitter (TWTR) earnings Q3 2019

Jack Dorsey, CEO and co-founder of Twitter and founder and CEO of Square Mike Segar | Reuters Twitter shares tanked as much as 20% Thursday after the company reported advertising and revenue “headwinds” and missed Wall Street expectations on the top and bottom lines for its third-quarter.   Here’s what the company reported, …

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RBS swings to losses after missing expectations for third quarter

The Royal Bank of Scotland (RBS) reported a third-quarter attributable net loss of £315 million ($406.9 million) on Thursday, missing the £988 million profit forecast from Reuters. The British lender was hit by a £900 million charge in the last quarter to settle mis-selling claims in the fallout of a …

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