Finance

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Investors and traders have historically turned to less-risky assets such as U.S. Treasurys to weather market volatility and uncertainty. During the coronavirus pandemic, however, they have turned to unlikely place: tech and software stocks. Shares of Apple, Netflix, Microsoft, and Amazon are all trading at,
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A pedestrian walks past Tencent Holdings’s headquarters in Shenzhen, China. Qilai Shen | Bloomberg | Getty Images Chinese tech giant Tencent is in exclusive talks to acquire Leyou Technologies, the Hong Kong-listed games developer announced on Friday. Leyou has a number of subsidiaries which make video games. It is most well-known for “Warframe,” a title created by
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Check out the companies making headlines before the bell Thursday: Walgreens Boots Alliance (WBA) — The pharmacy operator fell more than 3% in the premarket on weaker-than-expected results for its fiscal third quarter. Walgreens reported earnings per share of 83 cents, well below a FactSet estimate of $1.19 per share. The company’s fiscal-year earnings guidance
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A major financial institution is starting to lose enthusiasm for U.S. stocks. Invesco’s Kristina Hooper is worried the latest coronavirus spike will push states to close their economies again. “Up until now the U.S. has been rewarded because of expectations that we wouldn’t see any kind of significant lockdowns even if infection rates grew,” the
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krisanapong detraphiphat Americans have lost more than $77 million in fraud related to Covid-19, according to the Federal Trade Commission. But that tally is likely a severe undercount amid an “unprecedented” scope of scams connected to the coronavirus, according to John Breyault, vice president of public policy, telecommunications and fraud at the National Consumers League,
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The latest jobs report shocker may have missed a troubling trend. Crossmark Global Investments’ Victoria Fernandez warns it didn’t capture the fallout from surging coronavirus cases. “The data was collected through the middle of June,”  the firm’s chief market strategist told CNBC’s “Trading Nation” late last week. “It was really the second half of June
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