Finance

BlackRock, the largest asset manager in the world, reported on Monday second-quarter earnings and revenue that surpassed analyst expectations. The company also reported, however, a slowdown in inflows amid increasing market uncertainty. Here is how the company’s results fared compared to Wall Street estimates: Earnings: Adjusted $6.66 per share, vs $6.55 expected by Thomson Reuters
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The bank’s recent charge may indicate that consumers are simply getting smarter with rewards programs, according to Bankrate.com chief financial analyst Greg McBride. In online forums devoted to credit-card usage, consumers boast about using spreadsheets and smartphone apps to stay on top of their credit. “There’s a subset of savvy credit-card users who are diligent
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Twitter Karen Finerman was a buyer of JPMorgan Brian Kelly was a buyer of the S&P Regional Banking ETF Guy Adami was a buyer of CBS Trader disclosure: On July 12, 2018 the following stocks and commodities
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UBS is getting less bullish over Netflix shares after the stock’s stunning rally this year. The firm lowered its rating to neutral from buy for Netflix shares, citing the internet company’s high valuation. “We believe Netflix’s core competencies in both content & tech should drive a virtuous circle of greater subs and increased viewing time,
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Patrick Fallon | Bloomberg | Getty Images Broadcom Corp. signage is displayed outside of the company’s headquarters in Irvine, California. Check out the companies making headlines after the bell: Shares of Broadcom fell as much as 6 percent in the extended session, after the Wall Street Journal reported the chipmaker was nearing a deal to
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But the more devastating impacts of pedal-to-the-metal digital capitalism fall on the environment and global poor. The manufacture of some of our computers and smartphones still uses networks of slave labor. These practices are so deeply entrenched that a company called Fairphone, founded from the ground up to make and market ethical phones, learned it
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Cryptocurrency conversion platform Bancor has suffered a “security breach” that saw $13.5 million worth of digital tokens stolen. The Israeli start-up said Monday that a cryptocurrency wallet on its network had been compromised, leading to the theft of $12.5 million worth of ethereum and $1 million worth of the lesser-known token Pundi X. Ethereum has
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