Finance

Issuance of securities backed by riskier US mortgages roughly doubled in the first quarter from a year earlier, as investors lapped up assets blamed for bringing the global financial system to the brink of collapse a decade ago. Home loans to people with scratches and dents in their credit histories dwindled to almost nothing in
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Nearly 150 professional investors are “strongly urging” gun makers, retailers and distributors and the companies that finance the gun industry to take action in response to gun violence. The group includes dozens of faith-based organizations and U.S. and European asset management firms, many of them active in promoting social and environmental causes, collectively with $634
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Ken James | Bloomberg | Getty Images A United Parcel Service Inc. (UPS) worker loads orders onto a truck in the shipping area at the Overstock.com Inc. distribution center in Salt Lake City, Utah. E-commerce company-turned-blockchain play Overstock.com‘s 4 million share offering has been canceled, according to a source familiar with the situation. Underwriter Guggenheim
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Microsoft. Tim Seymour was a buyer of Altria. Steve Grasso was a buyer of Twitter. Guy Adami was a buyer of Pfizer. Trader disclosure: On March 28, 2018, the following stocks and commodities mentioned or intended to
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Check out the companies making headlines after the bell: PVH stock rose 3 percent after hours. The apparel company reported earnings per share and revenues that beat analyst expectations. Guidance for the upcoming year is quite strong, as the company predicts sizable increases in sales. The CEO attributes the strong momentum to its Tommy Hilfiger
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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. Equifax says Mark Begor will become its CEO as the credit reporting company continues to try to recover from fallout surrounding a
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Check out the companies making headlines after the bell: Lululemon Athletica stock surged more than 6 percent post-market after the athleisure retailer reported impressive fourth-quarter earnings. Earnings per share beat Wall Street estimates by 6 cents and revenues beat by 17 million. Same-store and direct-to-consumer sales both exceeded expectations and guidance for the upcoming quarter
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of the Financial Select SPDR Fund. Brian Kelly was a buyer of Nvidia. Steve Grasso was a seller of Micron. Guy Adami was a buyer of Advanced Micro Devices. Trader disclosure: On March 26, 2018, the following stocks
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Gaming firms are “quite new” to the stock market and are still learning “how the game needs to be played,” the chief executive of Rovio Entertainment said. Shares of Espoo, Finland-based Rovio, which created the popular mobile game “Angry Birds” in 2009, debuted on the Helsinki Stock Exchange in October. Last month, a profit warning
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Check out the companies making headlines after the bell: Shares of Red Hat surged nearly 5 percent after hours after the open-source software company reported its fourth-quarter earnings. The company reported earnings per share and revenue that beat Wall Street expectations. Sales rose 23 percent year over year to $772 million in the fourth quarter.
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Bate has warned previously of dangers ahead in the market. In January, the Allianz chief told CNBC it was “absolutely clear” that a correction in the markets would happen. Several weeks after his comments, in early February, stock markets stateside fell more than 10 percent from recent record highs, with major U.S. and global stock
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In November, China said it will lift the ceiling on foreign equity ownership in joint-venture firms involved in the futures, securities and funds markets to 51 percent from 49 percent, adding that all ownership limits in many financial sectors will be dismantled after three years. But raising the ownership limits does not mean that there
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Christopher Dilts | Bloomberg | Getty Images Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta. The Fed raised interest rates earlier this week and forecast two more rate hikes for 2018 and three each year after that, highlighting its growing confidence that tax cuts and government spending will boost
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Zhang’s comments echo those made by China’s Premier Li Keqiang at the end of the country’s National People’s Congress, an annual parliamentary convocation, earlier this week. “We will fully open up the manufacturing sector, with no mandatory technology transfers allowed, and we will protect intellectual property,” Li told a press conference wrapping up the NPC
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Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, March 21, 2018. “The economic outlook has strengthened in recent months,” the committee said in its post-meeting statement, a sentence that
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