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Monthly Archives: January 2018

Mnuchin wants to make sure bad guys can’t use cryptocurrencies

Getty Images Treasury Secretary Steven Mnuchin discusses tax reform, and the debt ceiling, during a forum hosted by David Rubenstein, president of the Economic Club of Washington, on January 12, 2018 in Washington, DC. Treasury Secretary Steven Mnuchin wants to make sure cryptocurrencies can’t be used like Swiss bank accounts. …

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US ambassador to Panama resigns, says cannot serve Trump

Source: US Department of State John Feeley, US Ambassador to Panama. U.S. Ambassador to Panama John Feeley, a career diplomat and former Marine Corps helicopter pilot, has resigned, telling the State Department he no longer feels able to serve President Donald Trump. “As a junior foreign service officer, I signed …

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Hot tech stock Activision will keep surging, says trader

It’s game on for Activision Blizzard, says TradingAnalysis.com founder Todd Gordon, as the charts are pointing to new high scores – or new all-time highs, rather – for the gaming stock. Gaming stocks have surged over the past year. Activision has seen a 76 percent rise while rivals Take-Two and …

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L’Oreal CEO Jean-Paul Agon on the beauty industry’s outlook and rise of digitalization

Dhiraj Singh | Bloomberg | Getty Images Jean-Paul Agon, chief executive officer of L’Oreal SA Speaking on an episode of “The CNBC Conversation”, the chief executive explained how the company had transformed over the past five to 10 years, when it comes to digital. According to Agon, L’Oreal was “the …

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Kohl’s shares surge after two banks upgrade the retailer making a comeback

Kohl’s stock rallied in premarket trading Friday after two Wall Street banks upgraded the company’s shares. Both J.P. Morgan and RBC Capital Markets cited Kohl’s improving same-stores sales (i.e., comp sales) in raising their ratings on the apparel department store. “We see Kohl’s as a rare large cap ‘value’ idea …

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Intel, Cisco and Amazon introduce self-driving car technology at CES

Rick Wilking | Reuters Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CES in Las Vegas, January 7, 2018. Nvidia and competitors AMD, Intel and Qualcomm all unveiled new chip technology at CES this week. But Nvidia’s was most focused on …

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Chevron and ConocoPhillips could be key drivers in the energy rally

Energy has gone from zero to hero this year. The sector drove a market rally Thursday, and pushed the S&P 500 to records, in what has been the great comeback story of 2018 so far. Nearly two weeks into the new year and energy has emerged as the best-performing sector. …

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Trump says London US embassy is ‘off location’ but Apple likes it

Getty Images | Yui Mok | PA Images Workers look at the Madame Tussauds wax figure of US President Donald Trump outside the new US Embassy in Nine Elms, London. U.S. President Donald Trump has told the world he won’t visit London to officially open the new U.S. embassy as …

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Dallas Fed chief Kaplan says there’s a chance unemployment will drop to 3% and overshoot full employment

Michael Nagle | Bloomberg | Getty Images Robert Kaplan, president of the U.S. Federal Reserve Bank of Dallas The unemployment rate in the U.S. is on its way to below 4 percent, a level that Dallas Fed President Robert Kaplan believes is an “overshoot” of full employment and a potential …

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Shares fall over 4% pre-market

Justin Sullivan | Getty Images Facebook CEO Mark Zuckerberg delivers the keynote address at Facebook’s F8 Developer Conference on April 18, 2017 at McEnery Convention Center in San Jose, California. The conference will explore Facebook’s new technology initiatives and products. Facebook shares fell over 4 percent in pre-market trade Friday …

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