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Check out the companies making headlines midday Friday: Netflix — Shares of the video-streaming giant fell more than 2 percent after issuing weaker-than-expected guidance for the first quarter of 2019. The company also posted lighter-than-expected revenue for the fourth quarter of 2018. Schlumberger — Schlumberger’s stock rose more than 6 percent and was on track
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With growth slowing and uncertainty in the economy, Federal Reserve Bank of New York President John Williams said Friday, data will steer his view of future Fed activity. “The economy is strong, the outlook is healthy, and my number one priority is using monetary policy to keep it that way,” Williams said in a speech
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Henry Sy, chairman emeritus of SM Investments, one of the Philippines’ largest conglomerates, died Saturday morning, according to a statement from SM. Sy had topped the Philippines Rich List for eleven years in a row. His net worth was estimated at $19 billion at the time of his passing, making him the 53rd wealthiest person in
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The presidency of Donald Trump has indirectly helped the real estate market in South Florida, Miami property magnate Gil Dezer told CNBC on Thursday. Dezer, who runs his billionaire family’s real estate empire, said prices of his firm’s Trump-branded properties in Florida have been pumped up by the president’s popularity there. “We shouldn’t forget that
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Signs are emerging that the futures market may not be impressed by bitcoin’s recovery from 15-months lows in December – at press time, the cryptocurrency’s spot price is currently higher than the futures price. As of writing, the global average or spot price calculated by CoinDesk’s Bitcoin Price Index (BPI) is currently $3,650 – up 16.9 percent
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By Paunie Samreth and Reshmi Basu American Media Inc (AMI) executives have found themselves under a public microscope for their handling of sensitive information in 2016 about then-presidential candidate Donald Trump. CEO David Pecker – “our friend David” in Trump fixer Michael Cohen’s recorded parlance – is fending off criticism for burying a story about Trump’s extramarital
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Industrial production grew 0.3% in December, the Federal Reserve reported Friday. The increase followed a revised 0.4% rise in November, first seen as a 0.6% increase. Capacity utilization grew to 78.7% in December from an upwardly revised 78.6% in November, first reported as 78.5%. Economists polled by IFR Markets projected a 0.2% increase for industrial
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Sambuca di SiciliaSambuca Here’s the offer: A couple dozen Moorish style properties with stunning views over the Mediterranean sea, in an Italian hilltop town called Sambuca near the western tip of the Italian island of Sicily are being sold for less than a cappuccino. Sambuca’s officials want to revive a town that like so many others across Europe has seen its
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Andrew Maylor will succeed Thomas Shack III as Massachusetts comptroller effective Feb. 18, Gov. Charlie Baker said Wednesday. The comptroller’s office — a gubernatorial appointment and a more low-key position in Massachusetts than in some other states — is an independent agency that oversees more than $60 billion in state spending and assets. “Andrew’s extensive
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Check out the companies making headlines on midday Thursday: Signet Jewelers — Shares of Signet Jewelers plummeted more than 20 percent after reporting weaker-than-expected holiday sales. Signet, the parent company of brands like Kay and Zales, also slashed its outlooks for fiscal 2019 and the fourth quarter. Morgan Stanley — The banking giant’s stock fell
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New Zealand-based crypto exchange Cryptopia was hacked two days ago. The thief (or thieves) made off with approximately $3.6 million in cryptocurrency. Now, the biggest cryptocurrency exchange, Binance, has frozen tokens sent to its wallet by the alleged hackers. Binance Freezes Tokens According to Binance CEO Changpeng ‘CZ’ Zhao, the exchange reportedly received an unspecified amount of cryptocurrency that
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