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Monthly Archives: July 2018

Alphabet Earnings Q2 2018

Stephen Lam | Reuters Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Google parent company Alphabet is set to report its second quarter earnings Monday after the bell. Wall Street expects strong ad sales growth, with little …

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Trump considers stripping security clearances of ex-intel officials

Reuters A combination of file photos show U.S. President Donald Trump in the White House in Washington, DC, U.S. April 9, 2018 and former FBI Director James Comey on Capitol Hill in Washington, U.S., June 8, 2017. President Donald Trump is considering pulling the national security clearances of top-level former …

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Global markets on track to have most volatile year since 2008

The large moves Morgan Stanley is tracking are so-called “3-sigma” events, which is a statistical way of calculating data that is within three standard deviations of a mean. 2018 is on track to have more than 25 such moves in financial markets, the most since 2008 when there were nearly …

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Google Alphabet earnings could propel stock closer to $1 trillion

Alphabet, Apple and Amazon are all creeping closer to becoming the world’s first $1 trillion company in what appears to be the priciest horse race of all time. Some chart-minded traders think that of the bunch, Alphabet stands the biggest chance of getting there first. Alphabet, Google’s parent company, which …

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Goldman says trade war would lower US company earnings by 15%

The acceleration of U.S. trade actions poses a risk to S&P 500 earnings through falling export revenues and rising input costs for American companies, according to Goldman Sachs. A 10 percent tariff on all imports from China would lower Goldman’s 2019 S&P 500 earnings per share estimate by 3 percent, …

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Daniel Loeb’s Third Point unveils new position in PayPal

Jacob Kepler | Bloomberg | Getty Images Daniel Loeb, founder and chief executive officer of Third Point LLC Third Point hedge-fund manager Daniel Loeb revealed in an investor letter that his fund has new position in PayPal. The firm added the position in the second quarter, according to an investor …

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Cooperman’s Omega is converting to family office

Jin Lee | Bloomberg | Getty Images Leon Cooperman, chairman of Omega Advisors Billionaire hedge-fund manager Leon Cooperman is returning outside investor capital at year-end. Omega Advisors is converting to a family office at the end of 2018, according to an investor letter obtained by CNBC. “I turned 75 last …

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Three options strategies for the week: July 23

The “Options Action” traders share three options trading strategies to kick off the week. Dan Nathan recommends a put spread in Facebook. Carter Worth and Mike Khouw like the Nasdaq Biotech ETF Mike Khouw recommends a put spread in McDonald’s Trader disclosure: On July 20, 2018, the following stocks and …

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France’s Atos to buy US IT giant Syntel for about $3.57 billion

Eric Piermont | AFP | Getty Images Chief Executive Officer of the IT services company Atos Thierry Breton delivers a speech during the presentation of the Atos designed supercomputer Bull Sequana on April 12, 2016 in Paris.  The acquisition of Syntel, a 38-year-old company with 23,000 employees, comes after last …

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Bitcoin rallies 5%, building steam after tough few months for cryptocurrency

Artur Widak | NurPhoto | Getty Images A man passes in front of a Bitcoin exchange shop in Krakow, Poland. Bitcoin continued its rally Monday, shrugging off regulatory and security worries that have dragged down cryptocurrency prices this year. The world’s largest and most popular digital currency rose 5 percent …

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