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Monthly Archives: August 2018

Italy, not Turkey, is the biggest threat to European banks, strategist says

Krisztian Bocsi | Bloomberg | Getty Images The euro sign sculpture stands outside the former European Central Bank (ECB) headquarters in Frankfurt, Germany, on Sunday, July 3, 2016. Investors are wary of rises in pensions and state benefits, given that Italy already has a significantly high public debt pile — …

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Charts point to trouble for Nvidia on earnings this week

As Nvidia gears up to report its latest quarterly earnings this week, one top technician warns of pain ahead on the results. Shares of the chipmaker have been on a tear, now up more than 64 percent in the past year. However according to Carter Worth, head of technical analysis …

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Nate McMurray gets boost from DCCC as Rep. Collins suspends campaign 

Nate McMurray for Congress | AP In this photo provided by Nate McMurray for Congress, Democratic congressional candidate Nate McMurray speaks to supporters in Rochester, N.Y., Thursday, Aug. 9, 2018, the day after his opponent, U.S. Rep. Christopher Collins, R-N.Y., was arrested on insider trading charges.  A powerful group dedicated …

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Trump okays $717 billion defense bill. Here’s what the Pentagon gets

Department of Defense photo U.S. Navy Aviation Electronics Technician signals to the crew of an EA-18G Growler on the flight deck of aircraft carrier USS Carl Vinson. President Donald Trump approved a colossal defense policy bill Monday that authorizes a top-line budget of $717 billion to cover a litany of …

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Facebook ‘most appealing risk-reward’ tech stock: RBC’s Mark Mahaney

Facebook’s core advertising business is just fine, especially as the social network looks to monetize its messaging platforms, RBC Capital Markets’ lead internet analyst told CNBC on Monday. “The market way overreacted to the [revenue] print and some of the guidance,” RBC’s Mark Mahaney said on “Squawk on the Street.” …

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Cowen makes Nvidia a ‘top pick’ because of the chipmaker’s upcoming chips

David Paul Morris | Bloomberg | Getty Images en-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during an event at the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Sunday, Jan. 7, 2018. Nvidia’s shares will rise in the coming year due to strong …

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Mark Cuban sold his Twitter stock to load up on cash

David Paul Morris | Bloomberg | Getty Images Mark Cuban, billionaire owner of the National Basketball Association’s (NBA) Dallas Mavericks basketball team, speaks at the 2017 South By Southwest (SXSW) Interactive Festival at the Austin Convention Center in Austin, Texas, U.S., on Sunday, March 12, 2017. Billionaire investor Mark Cuban …

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Mark Cuban owns just a handful of stocks and ‘a whole lot of cash’

Slaven Vlasic | Getty Image Mark Cuban speaks onstage during the THRIVE with Arianna Huffington panel at The Town Hall during 2016 Advertising Week New York on September 28, 2016 in New York City. Billionaire entrepreneur Mark Cuban told CNBC on Monday he’s holding much more cash than he normally …

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Facebook pushes back on report it would let news publishers die

Saul Loeb | AFP | Getty Images Facebook CEO and founder Mark Zuckerberg testifies during a US House Committee on Energy and Commerce hearing about Facebook on Capitol Hill in Washington, DC, April 11, 2018. Facebook is pushing back on a report by an Australian news site that Mark Zuckerberg …

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Dollar strength could soon become an ‘unbearable burden’

Daniel Acker | Bloomberg | Getty Images A worker on a an oil drill near New Town, North Dakota. The prospect of continued strength in the U.S. dollar over the coming months should constitute an even greater concern to bullish oil traders than an escalating trade war between the world’s …

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