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Monthly Archives: May 2018

Trump will kill the Iran nuclear deal — and that’s a ‘long-lasting’ boost for oil prices

Eddie Seal | Bloomberg | Getty Images Workers position a section of pipe during drilling operations at a gas well outside Corpus Christi, Texas. Patterson-UTI Energy, Inc. is drilling the well for Decker Operating Company of Houston. President Donald Trump’s eagerly anticipated announcement on the Iran nuclear deal could be …

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Rate hikes should not upend the global economy

Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, pauses after speaking during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, March 21, 2018. Moves by the Fed and other major central banks to raise …

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HTZ, Z, SNAP & more

Getty Images A sign is posted in front of a Hertz car sales and rental car office on August 8, 2017 in South San Francisco, California. Check out the companies making headlines after the bell: Hertz Global shares slumped 8 percent in after-hours trade. The car rental company’s revenue surpassed …

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Launch of bitcoin futures dragged down prices, Fed paper shows

Bitcoin’s decline following a climb to nearly $20,000 was directly tied to the launch of a futures market, according to research from the San Francisco Federal Reserve publishedMonday. “The rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence,” four …

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Snap CFO Drew Vollero is stepping down on May 15, Amazon’s Tim Stone to replace him

Lucas Jackson | Reuters Snap co-founders Evan Spiegel (R) and Bobby Murphy walk to ring the opening bell of the New York Stock Exchange, March 2, 2017. Snap chief financial officer Drew Vollero is stepping down on May 15, to be replaced by Amazon’s Tim Stone, a key transition for …

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Buy Nvidia because of leadership in gaming business

Patrick T. Fallon | Bloomberg | Getty Images Jen-Hsun Huang, chief executive officer of Nvidia Corp. Nvidia shares will thrive this year as the chipmaker should generate earnings per share above expectations, according to Bank of America Merrill Lynch. The firm reiterated its buy and ‘top sector pick’ ratings for …

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Apple is an ‘amazing’ company, says Bill Gates

Microsoft co-founder and philanthropist Bill Gates backed Warren Buffett’s decision to up his stake in Apple, saying it is the most well-positioned tech company when it comes to profits. “Apple’s an amazing company, and the multiple’s not gigantic,” Gates told CNBC’s “Squawk Box” Monday from Omaha, where Berkshire Hathaway held …

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Elon Musk and Warren Buffett clash over moats and candy

Diego Donamaria | Getty Images Elon Musk speaks onstage at Elon Musk Answers Your Questions! during SXSW at ACL Live on March 11, 2018 in Austin, Texas. Billionaires Elon Musk and Warren Buffett engaged in a war of words over the weekend. In an earnings call last week, Tesla co-founder …

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Hawaii volcano destroys dozens of homes, forces evacuations

U.S. Geological Survey/Handout | Getty Images News | Getty Images Lava from a fissure slowly advances to the northeast on Hookapu Street after the eruption of Hawaii’s Kilauea volcano on May 5, 2018 in the Leilani Estates subdivision near Pahoa, Hawaii. Lava has spread around 387,500 square feet (36,000 square …

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After one year in office, productivity should be the focus for Macron; says former bank governor

Brian Snyder | Reuters French President Emmanuel Macron answers a question from student in the audience during a town hall meeting at George Washington University in Washington, April 25, 2018. French President Emmanuel Macron has to focus on improving productivity levels as the next step in a series of reforms, …

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