Finance

A number of regulators have warned of illicit activity surrounding cryptocurrencies like bitcoin. In September, China banned a practice known as “initial coin offerings” (ICOs). An ICO is a crowdfunding method for firms to raise funds by selling new cryptocurrencies. China’s regulators also moved to close down domestic bitcoin exchanges later that month. Both measures
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TipRanks, a service that ranks Wall Street analysts, identified the top analysts and found which stocks they like right now. We use a natural language processing algorithm to rank analysts based on two factors: Average return of buy-sell recommendations Success rate of buy-sell recommendations. TipRanks’ stock screener allows you to screen for “best analyst consensus”
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Bitcoin futures would allow institutional investors to buy into the digital currency market without directly investing in bitcoin, which regulations prohibit them from doing. “I don’t think it increases the chance of a Winklevoss ETF, but a futures-based ETF, it definitely does,” said Brian Kelly, a member of the working group for the CME bitcoin
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Check out the companies making headlines after the bell: Electronic Arts shares fell about 3 percent in extended trading after the company reported disappointing guidance. Newfield Exploration‘s stock jumped about 2 percent in the extended session after the company posted better-than-expected third quarter earnings. Shares of Envision Healthcare plummeted more than 27 percent in extended
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On Wall Street, it’s sometimes possible to see a rainbow—and maybe even find a pot of gold—without having to suffer through a downpour first. That’s the happy spin on the historical record of stock performance in years when the market prances unscathed through typically tough months of the year. Rather than “pulling forward” gains from
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Check out the companies making headlines after the bell: Mondelez International‘s stock climbed nearly 5 percent in the extended session after the company posted higher-than-expected third quarter earnings. Shares of Voyager Therapeutics dropped 12 percent after hours. Sanofi said it would end a collaboration with Voyager to develop a Parkinson’s disease treatment. Shares of Allison
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Add online brokerage accounts to the list of things that can be hacked for gain. A Pennsylvania resident describing himself as a day trader piggybacked off trades made in hacked brokerage accounts to generate $700,000 of illicit profit, federal prosecutors in Brooklyn and the Securities and Exchange Commission said Monday. Joseph Willner faces charges of
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LinkedIn also joined the sector as early as 2015, buying online education firm Lynda for $1.5 billion. Lynda has finance and technology courses, including ones that aim to help business executives implement tech into their firm. Meanwhile, South African start-up GetSmarter has capitalized on the uptrend and is the software and online campus provider for
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He may be one of Wall Street’s biggest bears, but that doesn’t mean veteran market watcher David Rosenberg isn’t finding places to put money to work. Gluskin Sheff’s chief economist and strategist is just going halfway around the globe to do it. “The one part of the world which looks very good to me right
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Mark Kauzlarich | Bloomberg | Getty Satya Nadella, chief executive officer of Microsoft Corp Check out the companies making headlines after the bell: Amazon‘s stock rose almost 8 percent in extended trading after the company posted much higher-than-expected third quarter earnings, beating Wall Street estimates by nearly 50 cents. The company reported strong growth in
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China’s Ministry of Finance has already attracted over $10 billion in orders, including interest from joint bookrunners, for its proposed $2 billion sovereign U.S. dollar bonds offering launched this morning. A five-year tranche is indicated at Treasuries plus 30bp-40bp and a 10-year tranche is shown at Treasuries plus 40bp-50bp. The offering, China’s first in U.S.
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Check out the companies making headlines after the bell: Buffalo Wild Wings shares were halted briefly before soaring more than 20 percent after hours. The company’s third quarter earnings beat earnings estimates by analysts who were surveyed by Thomson Reuters. The restaurant chain also raised its earnings forecast for the year. Amgen‘s stock fell more
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Brendan McDermid | Reuters Equifax trading information and the company logo are displayed on a screen where the stock is traded on the floor of the New York Stock Exchange in New York. Britain’s markets watchdog said it has opened an investigation into the hacking of U.S. credit reporting agency Equifax, which affected nearly 700,000
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China’s central bank chief just warned about a potential bubble in China: Rising household debt. “Regarding household debt levels, China doesn’t rank that high on a global scale, but the pace of growth has picked up in the last few years,” People’s Bank of China governor Zhou Xiaochuan said Thursday. He didn’t expect any action
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