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Monthly Archives: March 2018

With 1 year to Brexit, UK equities ‘are a screaming buy’: Larry McDonald

Oli Scarff | AFP | Getty Images A man wearing clothing featuring the Union flag stands in front of the Houses of Parliament in London, on March 29, 2017. On Thursday, the FTSE 100, an index of 100 companies with the highest market capitalization listed on the London Stock Exchange, …

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Trump hasn’t dented enthusiasm for Chinese IPOs in the US

The political sparring between Washington and Beijing hasn’t dampened the interest of Chinese companies wanting to list shares in the U.S. Chinese initial public offerings in the U.S. accounted for about a fifth of U.S. IPO proceeds in the last three months, their best quarter by proceeds in three years, …

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Dropbox and iQIYI help give IPO market biggest quarter in three years

The first quarter had more billion-dollar IPOs than were issued in all of last year and was the best quarter in three years, with 43 IPOs raising $15.6 billion, according to Renaissance Capital. The second quarter also looks to be strong, as big private tech companies finally make their debuts. …

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Netflix, biotech Nektar among the biggest market winners in the first quarter

Piper Jaffray analyst Mike Olson told CNBC that despite the recent downtick in Netflix’s stock price, his bullish thesis remains unchanged. “Netflix has gotten caught up in the broader technology downdraft, but there’s nothing we’ve seen that causes us to have any concern on company fundamentals,” Olson said in an …

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Ripple is the worst performer among major cryptocurrencies this year

Cryptocurrency ripple is the worst performer among the top digital currencies by market capitalization as the first quarter comes to a close. The entire sector has taken a hit this year due to regulatory concerns and an advertising crackdown. Total market capitalization for cryptocurrencies has fallen by more than 50 …

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Nearly 60% of Americans are streaming and most with Netflix: CNBC survey

The CNBC All-American Economic Survey finds the nation living the American stream. The poll of 801 Americans around the country shows that 57 percent of the public has some form of streaming service, compared with 43 percent who do not. The margin of error is plus or minus 3.5 percent. …

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Buying Tesla after big stock market losses has paid off in the past

In the last two days, Tesla shares have fallen 15.3 percent. Such a two-day loss has occurred only six times since the electric car maker’s IPO in 2010. A week after those losses, it returned an average of 3.96 percent, trading positively about 67 percent of the time, according to …

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Bitcoin slides, on pace for weekly losses of more than 15% as tax day approaches

Bitcoin dropped Thursday, bringing losses for the week so far to about 17 percent. The largest digital currency by market capitalization fell 7.6 percent to a low of $7,331.52 before recovering to near $7,400, according to CoinDesk’s bitcoin price index. That brought the quarter-to-date decline to more than 45 percent. …

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Snap is laying off 100 employees in advertising and sales

Michael Nagle | Bloomberg | Getty Images Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange during the company’s initial public offering on Thursday, March 2, 2017. Snap is laying off 100 employees, mostly in advertising and sales, the …

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Oil’s rise gives Nigeria some good news after its budget gets delayed

Pius Utomi Ekpei | AFP | Getty Images Motorists wait in traffic under banners bearing portraits of Nigerian President Muhammadu Buhari on March 29, 2018, in Lagos, Nigeria. Nigeria’s state revenue for February of this year edged up by 19 billion naira ($53 million), it was announced Thursday, though chaotic …

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