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Monthly Archives: August 2018

This chart shows how Tiffany could be the next victim of Trump’s trade war with China

Put simply, Chinese tourists will have less buying power at Tiffany’s stores as their yuan holdings are converted into fewer U.S. dollars. The Chinese yuan has fallen more than 5 percent against the dollar this year as trade relations between the U.S. and China intensify. The U.S. has slapped tariffs …

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Goldman Sachs downgrades Intel shares to sell due to its chip ‘manufacturing issues’

David Paul Morris | Bloomberg | Getty Images Attendees view the Acer Switch 7 laptop computer powered by the Intel Corp. i7 processor at the company’s booth during the 2018 Consumer Electronics Show (CES) in Las Vegas. Intel’s chip manufacturing technology issues are a big problem, according to Goldman Sachs. …

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Semiconductor stocks in Asia take a hit after Morgan Stanley downgrade

SeongJoon Cho | Bloomberg | Getty Images Memory chips are seen on a Samsung Electronics memory module in this arranged photograph in Seoul, South Korea, on Thursday, July 26, 2018.  Major semiconductor sector stocks in Asia took a tumble on Friday after the industry was downgraded by Morgan Stanley. Shares …

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World Bank picks Commonwealth Bank for world’s first blockchain bond

Win McNamee | Getty Images An employee walks outside the World Bank headquarters in Washington, United States. The World Bank has mandated Commonwealth Bank of Australia to arrange the world’s first blockchain bond. The Kangaroo bond, referring to foreign bonds issued in Australia in the local currency, has been named …

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Stocks making the biggest moves after hours: Tesla, Overstock & more

Ken James | Bloomberg | Getty Images An employee scans an order in the shipping area at the Overstock.com distribution center in Salt Lake City, Utah. Check out the companies making headlines after the bell: Tesla’s stock rose more than 3 percent during after-hours trading after a CNBC report that …

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Overstock shares jump after investment in blockchain subsidiary

Ken James | Bloomberg | Getty Images A United Parcel Service worker loads orders onto a truck in the shipping area at the Overstock.com distribution center in Salt Lake City, Utah. Overstock shares jumped as much as 21 percent in after-hours trading on Thursday after the e-commerce retailer announced that …

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Main Street businesses hit by farm downturn, says Kansas City Fed

Aleksandra Michalska | Reuters Soybean farmer Raymond Schexnayder Jr. overlooks his farm outside Baton Rouge, in Erwinville, Louisiana, July 9,2018.  Weak farm income, coupled with reduced spending, has stressed the economy in rural America and led to “adverse” ripple effects on Main Street businesses, according to a new report from …

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Growth stocks rebound after sell-off, could signal more market gains

Growth stocks have rebounded nicely after a steep three-day decline relative to value shares and this could lead to more gains in the broader stock market, according to data from Bespoke Investment Group. The S&P 500 Growth index is up 2.96 percent since July 31 through Wednesday’s close, compared with …

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Texas Rangers join sports entertainment centers trend with ‘Texas Live’

Source: Cordish Companies/Texas Rangers Texas Live!, a partnership between The Cordish Companies and the Texas Rangers, is a $250 million world-class dining, entertainment and hospitality district. Entertainment districts near sports venues are not new. An increasing number of sports teams are investing in entertainment districts as a way to bring in …

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Tesla hits low of the day, down 6%

FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. Shares of Tesla have given back all of the stock’s gains from earlier this week, as uncertainty starts to weigh on …

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