Finance

Daniel Acker | Bloomberg | Getty Images Attendees talk to a company representative in the Eastman Kodak booth at an International Consumer Electronics Show. What do you get when you cross the feverish world of crypto-currencies and a faded industrial icon desperate for a new lease on life? The answer, provided Tuesday by Eastman Kodak,
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Banks are one of those businesses people love to complain about. They compete with cable companies, airlines and drug companies as being some of the most disliked. Only 32 percent of Americans have “a great deal” or “quite a lot of” confidence in banks, according to a recent Gallup poll. The image of banks took
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Digital currencies fell broadly on Monday, with ripple and bitcoin leading the charge lower. Ripple traded 11.7 percent lower on the Bitstamp exchange. Coinmarketcap.com showed its price down nearly 27 percent, but it appeared that may be due to the site excluding certain prices from Korean exchanges. Bitcoin was off by 9.2 percent, while litecoin
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The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturday. In an interview, San Francisco Fed President John Williams painted a benign picture of the world’s
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Pope Francis advised against making the pursuit of money, a career or success the basis for one’s whole life, urging people in his Epiphany remarks Saturday to also resist “the inclinations toward arrogance, the thirst for power and for riches.” Francis said during a homily at Mass in St. Peter’s Basilica that people “often make
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Check out the companies making headlinesafter the bell: Sears stock recovered slightly, up more than 1 percent in the extended session. The retailer, which owns Kmart, took a beating in the regular session. Shares were down close to 5 percent. A CNBC story on Thursday revealed it would shutter another 103 unprofitable stores, as it
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Cemex. Brian Kelly was a buyer of Walmart. Steve Grasso was a buyer of Valeant Pharmaceuticals. Guy Adami was a buyer of Kroger. Trader disclosure: On January 2, 2018, the following stocks and commodities mentioned or intended
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Japan‘s bitcoin craze could help the country’s economic growth, research analysts at Nomura Instinet said. “We estimate the wealth effect from unrealized gains on Bitcoin trading by Japanese investors since the start of [2017], and estimate a potential boost to consumer spending of ¥23.2 billion to ¥96.0 billion” ($206.7 million to $855.4 million), Japan economics
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Notably, IBM is using Stellar‘s network to develop a cross-border payments system with some large banks. Consulting firm Deloitte is also a partner. Bitcoin, the largest cryptocurrency by market cap at $232 billion, has lost its upward momentum over the last two weeks. The digital currency traded slightly higher Tuesday near $13,880, down 12 percent
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Bitcoin bulls think the cryptocurrency will push higher — with one suggesting it could crack the $60,000 barrier — while bitcoin bears think it will crash and burn. Regardless of which end of the spectrum investors stand on, however, there’s no disputing the phenomenal rise in the digital currency, which rose more than 1,000 percent
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian is a buyer of JPMorgan. Tim Seymour is a buyer of Sea Limited. Carter Worth is a buyer of PotashCorp. Dan Nathan is a buyer of AutoNation. Trader disclosure: On December 28, 2017, the following stocks and commodities mentioned or intended
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