Financial News

Crypto bulls hail Facebook's reported move into digital assets as a key moment in tech history
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.
Executive director of Puerto Rico's Oversight Board defends proposed restructuring deal
The executive director of Puerto Rico's Oversight Board is standing by the restructuring agreement with a portion of bondholders to address $35 billion of Puerto Rico's debt.
Goldman Sachs is sounding the alarm: Technology stocks are overvalued
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.
Disney gets a rare downgrade with analyst noting a 'record' valuation
In a rare downgrade for the stock, Imperial Capital lowers its rating for Disney to in line from outperform but maintains its target price of $147.
This bank is ditching fees amid the rise of cheap checking accounts from fintech upstarts
The 10 biggest banks collected more than $11 billion in overdraft fees in 2017, according to the FDIC.
Bitcoin climbs above $9,000 for first time in over a year amid Facebook crypto talk
Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.
Puerto Rico's oversight board strikes $35 billion restructuring deal with commonwealth's bondholders
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general obligation or "GO" bonds, and a 27% haircut on public authority bonds that carry a constitutional guarantee on payment.
Wall Street sees major growth potential for Luckin in untapped Chinese coffee market
Luckin's opportunity in China is "one of the world's greatest retail growth opportunities," according to KeyBanc Capital Markets.
The Fed won't cut rates at its June meeting. Here's why
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.
This chart shows why everyone on Wall Street is so worried about the yield curve
The flattening of the yield curve is exuding a bad omen for the stock market.
Brad Pitt and Laurene Powell Jobs are reportedly invested in a mysterious 'cold fusion' energy company
Brad Pitt, Laurene Powell Jobs and UK-investor Neil Woodford are all investors in North Carolina-based energy company Industrial Heat.
These chip companies can grow despite 'macro headwinds' such as the trade war, says analyst
The "Fast Money" traders share their first moves for the market open.
Stocks making the biggest moves midday: Broadcom, Chewy, Blue Apron & more
Names on the move ahead of the open.
Wall Street's top economist Ed Hyman sees a rate cut in July and more to follow
Evercore ISI Chairman Ed Hyman sees an "insurance" rate cut in July and more to follow.
The Fed is likely to drop 'patient' word this week, clearing way for July cut, economists say
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.
Your first trade for Friday, June 14
The "Fast Money" traders share their first moves for the market open.
As Trump demands major concessions, Beijing wants the world to think that the US will blink first
Chinese representatives say they think it's likely that Chinese President Xi Jinping will attend the G-20 meeting later this month.
Stocks fall slightly as Broadcom pressures chipmaker shares
Stocks fell on Friday after a sharp decline in Broadcom shares put other chipmakers and the broader tech sector under pressure.
'Bond King' Jeffrey Gundlach bets on gold, sees rising recession chances, dollar decline
Jeffrey Gundlach expects the dollar to finish the year lower.
Stocks making the biggest moves after hours: Broadcom falls, Fiverr climbs
See which stocks are posting big moves after the bell.
CBS-Viacom merger talks are about to get serious, but CBS board has concerns about leadership
CBS and Viacom are expected to begin seriously discussing a merger after tomorrow's board meeting. The companies must agree on a number of leadership questions to get a deal done.
Apple makes Comcast and Charter sell iPads, other devices as part of mobile deal
Apple made Comcast and Charter agree to sell iPads, Apple TVs and other lower-volume devices as part of the cable companies' deal to offer the iPhone on their mobile service.
Tanker attacks reignite oil fear premium, prices could spike to $80
A tanker attack in the Middle East revives geopolitical fears and puts a premium back in oil prices.
A Morgan Stanley economic indicator just suffered a record collapse
The Morgan Stanley Business Conditions Index fell by 32 points in June, its largest one-month decline on record.
Bank of America has found the perfect recession play — death
Bank of America points to pre-need service companies, which make funeral arrangements before the person dies.
Stocks making the biggest moves midday: Red Robin, Callaway Golf, RH & more
Names on the move ahead of the open.
New name for BB&T-SunTrust bank lampooned: 'You could put this on a brand of toothpaste'
"They have thrown aside two great brands that had real value in exchange for this horrific, means-nothing statement," said investor psychologist Peter Atwater.

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