Finance

Hot on the heels of Chinese hotpot chain Haidilao’s debut yesterday, Hong Kong Exchanges and Clearing held another highly anticipated initial public offering with the debut of investment bank China Renaissance. The company, which counts Alibaba-affiliated payments giant Ant Financial as one of its cornerstone investors, was expected to raise approximately $346 million after pricing
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Intel Karen Finerman was a buyer of the MSCI Mexico Capped ETF Brian Kelly was a buyer of the Oil & Gas Exploration Services ETF Guy Adami was a buyer of Cleveland-Cliffs Trader disclosure: On September 25,
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Saul Loeb | AFP | Getty Images Simpson Chung uses a virtual reality headset during the NVIDIA GPU Technology Conference, which showcases artificial intelligence, deep learning, virtual reality and autonomous machines, in Washington, DC.  Nvidia shares will keep rising even after the stock’s big gains this year, according to Bank of America Merrill Lynch. The
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“People are definitely buying the news,” he said. “This is another case of Ripple showing its dominance in real world relationships with financial companies, and yet another spike in XRP’s price because of it.” The company has struck deals with various high-profile financial institutions, including Santander and American Express. But those partnerships have so far
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Microsoft Karen Finerman was a buyer of FedEx Dan Nathan was a seller of the Semiconductor ETF Tim Seymour was a buyer of Intel Trader disclosure: On September 20, 2018 the following stocks and commodities mentioned or
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Micron confirmed investors’ worst fears, saying PC processor shortages are hurting demand for its memory chips. The chipmaker’s shares were down 2.9 percent Friday, a day after the company gave weaker-than-expected fiscal first-quarter guidance. Micron estimates the company will generate November quarter sales of $7.9 billion to $8.3 billion versus the Wall Street consensus of
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Thanks to “widespread consumer abuses,” the Federal Reserve has limited Wells Fargo from growing in assets, which has stymied loan growth. As a result, Wells Fargo is the only bank that hasn’t significantly improved earnings after the administration’s tax cut, according to Peabody. This is all despite a U.S. economy that is growing at the
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Check out the companies making headlines after the bell: Micron Technology shares rose more than 4 percent in after-hours trading following the release of its fourth-quarter earnings report, before paring its gains and falling 3 percent from the closing price. The semiconductor company reported earnings per share of $3.53, higher than analysts’ estimates of $3.34
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Bebeto Matthews | AP Brendan Kennedy, CEO and founder of British Columbia-based Tilray Inc., a major Canadian marijuana grower, poses outside the Nasdaq on Thursday, July 19, 2018, in New York. Check out the companies making headlines after the bell: Tilray stock fell as much as 16 percent in after-hours trading, following a volatile trading
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U.K. lawmakers have said they want to clamp down on the “Wild West” cryptocurrency market and prepare Britain as a legitimate home for the trading of digital currencies. The Treasury Committee released a report on Wednesday that called for the government to address the issues of poor security from hackers, volatile price swings, and anonymity
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Oliver Contreras | Getty Images News | Getty Images President Donald Trump gestures during the Hispanic Heritage Month Celebration in the East Room of the White House on September 17, 2018 in Washington, DC. President Trump hosted the event to celebrate the heritage month with Hispanic leaders.  If those “fantastic fundamentals” slow down, which Paulsen
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