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Bitcoin exchange Coinbase has more users than stock brokerage Schwab

The operator of the largest U.S.-based bitcoin exchange has more users than brokerage Charles Schwab. “With all the talk about bitcoin, a good deal of people are also starting to open accounts where they can buy and sell crypto-currencies,” Bespoke Investment Group said in a Friday blog post. Schwab reported …

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Veteran strategists see bull market nearing end

Broad agreement seems to be spreading on Wall Street that we are late in this economic and market cycle. But what exactly does that mean for investors when no one knows for sure how long it can “stay late” — or how generous the market might be before the cycle …

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Julius Baer CEO Collardi quits to take post at Pictet

AFP PHOTO | FABRICE COFFRINI Boris Collardi resigned as chief executive officer of Julius Baer Group with immediate effect on Monday 27th November 2017. Swiss private bank Julius Baer said on Monday that Chief Executive Boris Collardi was resigning with immediate effect to take a post at Pictet Group in …

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Mubadala chief on Middle East instability, Abu Dhabi diversification

DeAgostini | Getty Images View of Abu Dhabi skyscrapers, United Arab Emirates. Lower oil prices have been “very opportunistic because it helped us move faster down the diversification strategy,” Al Mubarak said. Mubadala, the fourteenth largest sovereign fund in the world according to the Sovereign Wealth Fund Rankings, has approximately …

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Bitcoin surges to new record high, cryptocurrency news

Dan Kitwood | Getty Images A visual representation of the digital Cryptocurrency, Bitcoin on October 24, 2017 in London, England. Bitcoin surged to yet another new record high on Monday, breaking a record set during the Thanksgiving weekend stateside. The cryptocurrency jumped to an all-time high of $9,671.84 hours after …

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Decline of the Retail Store ETF tries to make money off retail’s misery

“Investors are witnessing signs of trouble in the malls and falling stock prices in the markets,” Michael Sapir, CEO of ProShare Advisors, said in a press release. “For the first time, investors can turn these trends into a potential investment opportunity through an ETF.” The fund does this by taking …

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Fewer consumers to spend more this Black Friday: Jefferies

Once a battleground for retailers and shoppers alike, Black Friday may be entering a “ceasefire” as more customers look for deals online, according to one Wall Street analyst. Research from Jefferies finds that only 13 percent of consumers say they’ll be spending more this Black Friday, down from 17 percent …

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Bitcoin rebounds to all-time high, shrugs off cryptocurrency hack

Bitcoin prices recovered to reach a record high on Tuesday as investors in the space shrugged off news that another cryptocurrency was hacked. Bitcoin hit $8,362.30 earlier in the day, an all-time high. It traded 0.4 percent higher at $8,266.84 at 2:14 p.m. New York time, according to CoinDesk. But …

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‘Robust demand’ for Boeing aircraft to push shares even higher

Natalie Naccache | Bloomberg | Getty Images Sheikh Mohammed bin Rashid Al Maktoum, United Arab Emirates vice president and prime minister, center blue sandals, passes a Boeing Co. 787-10 passenger aircraft, operated by Emirates Airlines, during the 15th Dubai Air Show at Dubai World Central (DWC) in Dubai, United Arab …

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Time Warner shares fall after DOJ says it will make a major antitrust announcement

Andrew Harrer | Bloomberg | Getty Images Jeffrey ‘Jeff’ Bewkes, chairman and chief executive officer of Time Warner Inc., listens during a Senate Judiciary Subcommittee hearing in Washington, D.C., U.S., on Wednesday, Dec. 7, 2016. Shares of Time Warner fell 1.1 percent on Monday on the back of reports that …

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