Finance

CME launched two indexes on Monday for tracking ethereum, spurring speculation the world’s largest futures exchange may launch another cryptocurrency futures product soon. But the company said it has no plans right now for ethereum futures, although the structure of the indexes is very similar to the ones behind CME’s bitcoin futures. “The focus right
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One, his plan for a complete federal structure of the monetary and fiscal union is meant to guarantee the strength and the finality of the European project and its legal tender. Two, such a structure would be impossible to deconstruct by nationalists, populists and similar constituencies blaming all sorts of socio-economic problems on the EU’s
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The federal tax overhaul cut taxes for millions of American families and businesses. But the law also had an unintended effect: raising the state-tax bite in nearly every state that has an income tax. Now, governors and state legislators are contending with how to adjust their own tax codes to shield their residents from paying
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As part of the deal, Walmart will initially appoint five directors to Flipkart’s board, two directors will be named by minority shareholders while Bansal will take one board seat, according to the filing. Walmart said it may, in future, appoint a sixth board member with the approval of the majority of the Flipkart directors. It
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Check out the companies making headlines after the bell: TripAdvisor stock soared 19 percent after hours. The travel and restaurant website company reported first-quarter earnings and revenue that surpassed Wall Street expectations. CFO Ernst Teunissen gave positive remarks regarding 2018 guidance. The company’s earnings are being driven by its non-hotel segment, which has grown 36
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“We believe its troubles are far from over, as several external and internal factors will continue to expose it to considerable weakness in 2018 and beyond,” Prakash Sakpal, Asia economist at ING, wrote in an April note. The rupee coming under pressure signals potential troubles that await Asia’s third-largest economy, which saw growth slowed in
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Goldman Sachs added McDonald’s to its Americas Conviction List as it sees the stock recovering from its recent pullback. Analyst Matthew Fassler said the company’s stock decline “represents an opportunity to buy,” with same-store sales growth — a key metric for restaurant companies —”re-accelerating.” McDonald’s shares are down about 3 percent year to date, underperforming
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Warren Buffett fully supports Apple’s plan to buy back more of its own shares. On Tuesday, the smartphone maker announced a new $100 billion stock buyback program. “From our standpoint we would love to see Apple go down in price,” he said at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday. “We very much
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Here is what we found. 1) Circle of competence “Different people understand different businesses. And the important thing is to know which ones you do understand and when you’re operating within what I call your circle of competence.” — Warren Buffett, 1999 Berkshire Hathaway Annual Meeting Buffett stressed the importance looking at companies that are
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