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Finance

Nasdaq falls 1% as tech shares drop

Spencer Platt | Getty Images  Traders work on the floor of the New York Stock Exchange on July 12, 2018 in New York City. Trade worries also rattled investors on Monday after Reuters reported that Canada, the European Union, Japan, Mexico and South Korea will meet next week to discuss …

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Two Bank of America charts point to oil breakout

Investors may want to consider unloading bonds in favor of crude oil. According to Bank of America-Merrill Lynch’s Paul Ciana, there are two particular charts that point to an oil breakout that could garner solid returns over the next 6 to 12 months. The firm’s chief global technical strategist’s first …

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Trump reportedly considering 25 percent tariff on foreign-made cars

Brendan Smialowski | AFP | Getty Images US President Donald Trump speaks at an event to showcase American made products at the White House July 23, 2018 in Washington, DC. Despite warnings from fellow Republicans and business leaders, White House advisors believe President Donald Trump has plans to impose a …

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Bitcoin breaks a key $8,000 level but it’s not out of the woods yet 

Bitcoin shook off a bearish two months after rising above $8,000 Tuesday but based on past behavior, another pullback could be coming, according to technical analysts that cover cryptocurrency. “Given that it has trended down so sharply since May, I wouldn’t want to get too greedy,” said Newton Advisor founder …

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Stocks making the biggest moves after hours: GOOGL, WHR & more

David Paul Morris | Bloomberg | Getty Images Google cofounder and Alphabet CEO Larry Page speaks during the Google I/O Annual Developers Conference in San Francisco. Check out the companies making headlines after the bell: Shares of Google’s parent company Alphabet shot up more than 3 percent in extended-hours trading. …

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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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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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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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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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