Finance

Zachary Karabell is concerned there’s too much fear on Wall Street, based on one particular question from his clients. “It’s ‘why aren’t the markets going down because there is so much negative news,'” the River Twice Capital president told CNBC’s “Trading Nation” on Friday. Karabell said it’s the most disconcerting question he’s getting, especially since
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President Donald Trump is worried the Federal Reserve will raise interest rates two more times this year, a White House official told CNBC. Aides to the president, however, are telling Trump the central bank is conducting policy properly. Their message from Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow is “the Fed
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Daniel Kalt appears in a private client meeting room at a branch of UBS, overlooking Lake Zurich. The Swiss bank’s regional chief economist and chief investment officer turns to look at me. I recognize his chiseled features, his slight smile and short hair, turning grey at the sides. But something is not right. Mr. Kalt
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Weight Watchers Brian Kelly was a buyer of SPDR Gold Shares Dan Nathan was a buyer of Target Guy Adami was a buyer of IBM Trader disclosure: On July 19, 2018 the following stocks and commodities mentioned
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Fed officials, including Chairman Jerome Powell, have raised interest rates twice this year and have pointed to two more before the end of 2018. The Fed did not comment on the president’s remarks Thursday. After Trump’s criticism of the central bank aired on Thursday, the White House sent a statement to clarify the president’s remarks.
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Hong Kong, long a global leader in banking and finance, is bracing for the arrival of so-called virtual banks — financial institutions without physical branches where all transactions are online. Authorities are keen to raise Hong Kong’s game in financial technology, or “fintech,” part of broader ambitions to turn the semi-autonomous Chinese territory into a
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Blockchain and cryptocurrency may one day be “as broadly adopted as the internet is today,” Jeremy Allaire, CEO and co-founder of fintech company Circle, told CNBC. “It’s a really fertile space in terms of the fundamental, technical and infrastructure,” Allaire said on “Fast Money” Wednesday. One major driver for this possible occurrence: ethereum. “Right now
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IBM has teamed up with financial technology start-up Stronghold to launch a cryptocurrency that’s pegged to the U.S. dollar. The tech giant has put its weight behind a so-called “stablecoin,” a digital token that, in principle, is tied to an existing government-backed currency, in order to reduce the volatility associated with virtual currencies. In this
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Coinbase, the largest cryptocurrency exchange in the U.S., is considering adding five new tokens to its platform. The five digital coins include cardano, basic attention token, stellar lumens, Zcash and 0x. “It wouldn’t surprise me to see these things up 20, 30, 40 percent over the weekend,” digital trader Brian Kelly said Friday on “Fast
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The bank’s recent charge may indicate that consumers are simply getting smarter with rewards programs, according to Bankrate.com chief financial analyst Greg McBride. In online forums devoted to credit-card usage, consumers boast about using spreadsheets and smartphone apps to stay on top of their credit. “There’s a subset of savvy credit-card users who are diligent
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Twitter Karen Finerman was a buyer of JPMorgan Brian Kelly was a buyer of the S&P Regional Banking ETF Guy Adami was a buyer of CBS Trader disclosure: On July 12, 2018 the following stocks and commodities
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Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 World Wrestling Entertainment shares triple-digit return so far this year has much more to
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