Finance

Facebook CEO Mark Zuckerberg has held talks with his old rivals the Winklevoss twins as the social media giant plans to launch its own cryptocurrency, the Financial Times reported Thursday. Facebook has held talks with the cryptocurrency exchanges Gemini, which was founded by the Winklevoss twins, and Coinbase, the report said, citing sources. The company
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The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of McDonald’s. Karen Finerman was a buyer of Target. Steve Grasso was a buyer of Walmart. Brian Kelly was a seller of the Oil & Gas Exploration and Production ETF. Trader disclosure: Steve Grasso is long stock AAPL,
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Frank Polich | Bloomberg | Getty Images Stocks that would benefit from a federal infrastructure spending program fell more than the rest of the market and hit their lows of the day after President Donald Trump abruptly ended a meeting on infrastructure spending with Democratic leaders. Stocks like Granite Construction, Nucor, Martin Marietta Materials, Simpson
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TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise TransferWise, the money transfer company that’s taking on Western Union, is valued at $3.5 billion after a new investment round, making it Europe’s most valuable financial technology start-up. In lowering fees and adding a slick online platform to help consumers move money globally and track their transfers,
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AlexRaths | Getty Images Start-ups’ fears of being strong-armed to focus on short-term profits is one reason some are opting to stay private. But those fears may be overblown, if the historical performance of money-losing biotechs is any indication. Much like consumer tech companies going public in 2019 — biotech companies rarely make money going
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President Donald Trump and his senior advisor Jared Kushner arrive for a meeting with manufacturing CEOs at the White House in Washington, DC, U.S. February 23, 2017. Kevin Lamarque | Reuters Deutsche Bank ignored employees’ calls to report transactions made by legal entities controlled by President Donald Trump and Jared Kushner to the Treasury Department’s
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Despite the new burst of market volatility, long-time bull Edward Yardeni sees a return to all-time highs this year. And, he believes U.S. multinational companies, which are directly exposed to the trade war, will ultimately help provide the market boost. “I think it moves higher partly because there’s a recognition that even companies that do
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