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Bitcoin Has Come Roaring Back—But So Have the Risks

In Education, Finance, Gaming, Start Up by Wired NewsLeave a Comment

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The bitcoin boom is back. This week, the digital currency leapt to record heights, peaking at nearly $2,800 before tumbling back down to around $2,400—by far the most dramatic run in its history.While bitcoin didn’t maintain its record price for long, it’s been trading feverishly this year, breaking the $2,000 threshold just last week. Other “cryptocurrencies” like Ripple and Ether (the medium of exchange on the decentralized network Ethereum) have also soared. “People are piling in. I think it’s fear of missing out,” says Campbell Harvey, a pro... Read More
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US stock indexes waver Friday, keeping market near record highs

In Business, Emerging Technology, Energy, Finance, Government by Long Island Business NewsLeave a Comment

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U.S. stocks are little changed Friday, keeping indexes near record highs following a six-day winning streak. Technology companies, which have led the market’s recent rally, are flat overall. Video game companies are falling as Wall Street was disappointed by forecasts from GameStop. Consumer-focused companies rose. KEEPING SCORE: The Standard & Poor’s 500 index held steady at 2,414 as of 10:40 a.m. Eastern time. The Dow Jones industrial average was little changed at 21,082. The Nasdaq composite stayed at 6,204. The Russell 2000 index of small-company stocks sank 6 points, or 0.4 percent, to 1,377. GAME OVER: GameStop’s first-quarter results were stronger than analysts expected, but sales of wireless devices were w... Read More
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Consumer stocks help Wall Street hit record highs

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FBN’s Charles Payne on which stocks helped the S&P 500 and Nasdaq hit new record highs.... Read More
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US home equity is back, so why aren’t more people borrowing?

In Business, Education, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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Alicia Johnson and her husband wanted to renovate their home last fall but ran into a roadblock: When they tried to refinance their mortgage and borrow against their equity, five banks said no. Problem was, the Johnsons’ mortgage covered their home in Christiansburg, Virginia, and some adjacent land — a deal-breaker. “They all pointed to the same thing: The rules have changed,” she said. The banks refused to lend against both the home and the land. Their frustration reflects a major factor slowing a still-sluggish U.S. economy: The inability of many to tap their home equity. Americans have long borrowed against the ownership stakes in their homes to buy cars, build decks and renovate houses. That borro... Read More
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Retailers lead US stocks higher Thursday

In Business, Emerging Technology by Long Island Business NewsLeave a Comment

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A strong batch of earnings from retailers including Best Buy is sending stock prices higher in early trading on Wall Street. Best Buy soared 12 percent early Thursday after reporting earnings and sales that came in well ahead of what analysts were expecting. Williams-Sonoma gained 3.9 percent and PVH, which owns Calvin Klein and Tommy Hilfiger, rose 5.4 percent. The market has risen for five straight days. If it closes higher again on Thursday it will mark the longest winning streak in three months. The Standard & Poor’s 500 index increased 4 points, or 0.2 percent, to 2,409. The Dow Jones industrial average rose 52 points, or 0.3 percent, to 21,064. The Nasdaq composite climbed 16 points, or 0.3 ... Read More
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US stocks extend gains into a 5th day

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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U.S. stocks are posting their fifth straight gain, setting another record high for the Standard & Poor’s 500 index. The slow but steady gains over the past several days were enough to erase most of the losses the market took in a sharp downturn last Wednesday. Technology companies, the best-performing sector this year, continued to put up big gains. Facebook added 1.3 percent and Google parent Alphabet rose 0.7 percent. TurboTax maker Intuit jumped 6.7 percent after beating analysts’ forecasts for earnings, while Tiffany slumped 8.7 percent after its results fell short. The S&P 500 index increased 5 points, or 0.3 percent, to 2,404. The Dow Jones industrial average rose 74 points, or 0.4 per... Read More
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US stocks extend gains into a 5th day Wednesday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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U.S. stocks are up for the fifth straight day as materials and real estate companies move higher. Technology companies are making some of the largest gains Wednesday while retailers of home improvement products, jewelry and car parts are all falling. Stocks continue to recover the steep losses they suffered a week ago. Intuit jumped 6 percent after beating analysts’ forecasts for earnings, while Tiffany slumped 8 percent after its results fell short. The Standard & Poor’s 500 index increased 2 points, or 0.1 percent, to 2,400. The Dow Jones industrial average rose 30 points, or 0.2 percent, to 20,968. The Nasdaq composite gained 11 points, or 0.2 percent, to 6,150. Bond prices fell. The y... Read More
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Why stocks are unfazed by Manchester terrorist attack

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Published on May 23, 2017FBN’s Ashley Webster, S&P Global Markets Portfolio Manager Erin Gibbs and Kaltbaum Capital Management’s Gary Kaltbaum discuss the impact the terrorist attack has on the economy and the markets. Category License Standard YouTube License ... Read More
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CEOs got biggest raise since 2013

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That’s the biggest raise in three years. The bump reflects how well stocks have done under these CEOs’ watch. Boards of directors increasingly require that CEOs push their stock price higher to collect their maximum possible payout, and the Standard & Poor’s 500 index returned 12 percent last year. Over the last five years, median CEO pay in the survey has jumped by 19.6 percent, not accounting for inflation. That’s nearly double the 10.9 percent rise in the typical weekly paycheck for... Read More
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Technology stocks lead market higher Monday

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Technology companies led U.S. stock indexes broadly higher on Wall Street. Ford rose 2.1 percent Monday after replacing its CEO. Defense contractors also made gains as the market bounced back from a turbulent week. Consumer-focused companies also rose. Amazon climbed 1 percent. Energy companies bucked the broadly higher trend and ended slightly lower. The Standard & Poor’s 500 index increased 12 points, or 0.5 percent, to 2,394. The Dow Jones industrial average gained 90 points, or 0.4 percent, to 20,894. The Nasdaq composite rose 49 points, or 0.8 percent, to 6,133. Two stocks rose for every one that fell on the New York Stock Exchange. Bond prices fell. The yield on the 10-year ... Read More
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Many women think men are the better investors; they’re not

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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Many men and women think men are the better investors. They’re wrong. After checking how 8 million of its customers did during 2016, Fidelity Investments found that women did better than men by an average of 0.4 percentage points. The difference in performance is small, and it’s always dangerous to make big generalizations out of small slices of data. But it slots in with other research that suggests women tend to take a longer-term view of investing. They are more likely to buy and hold their investments, and they take fewer risks, for example. Researchers are generally loathe to declare one gender as absolutely better than the other in investing, and other studies have shown men doing slightly better than women... Read More
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The best way to handle your tax refund

In Business, Finance, Government, Mobile Technology, Video by CBS NewsLeave a Comment

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GameChanger Stocks founder Hilary Kramer has the best financial tips for taxpayers who received a refund.Subscribe to the "CBSN" Channel HERE: http://bit.ly/1Re2MgSWatch "CBSN" live HERE: http://cbsn.ws/1PlLpZ7Follow "CBSN" on Instagram HERE: http://bit.ly/1PO0dkxLike "CBSN" on Facebook HERE: ... Read More
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Industrials lead US stocks broadly higher Monday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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Industrial and materials companies are leading stocks broadly higher in early trading on Wall Street. Chemicals maker Huntsman rose 2.6 percent early Monday after agreeing to be acquired by Clariant. Ford rose 1.5 percent after replacing its CEO. The Standard & Poor’s 500 index increased 7 points, or 0.3 percent, to 2,390. The Dow Jones industrial average gained 81 points, or 0.4 percent, to 20,887. The Nasdaq composite rose 26 points, or 0. percent, to 6,110. Share this: ... Read More
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Ransomware WannaCry causes fewer tears than feared

In Business, Finance, Government, Healthcare, Legal, Science & Nature, Security, Start Up by Venture BeatLeave a Comment

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It’s been a week since the WannaCry ransomware attack began infecting computers running Windows software. And things are strangely silent again. It’s almost as if the wake-up call that WannaCry set off was heard by global IT managers – and then those IT managers hit the snooze button. In a way, that’s not a bad thing. The cybersecurity community worked quickly and effectively to defuse the threat, while the kill switch demanded by digital kidnappers, ... Read More
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Industrials lead US stocks broadly higher Friday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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Industrial companies led U.S. stocks broadly higher, extending the market’s modest gains from the day before. Investors were cheering solid earnings from several companies Friday. Banks and materials stocks were also up sharply. Energy companies also moved higher as the price of crude oil rose. Deere & Co. jumped 7 percent after delivering a strong earnings report, and Chesapeake Energy climbed 4 percent. Foot Locker plunged 17 percent after its profits fell short of analysts’ forecasts. The Standard & Poor’s 500 index increased 16 points, or 0.7 percent, to 2,381. The Dow Jones industrial average gained 141 points, or 0.7 percent, to 20,804. The Nasdaq composite rose 28 points, or 0.5 percent, to... Read More
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US stock indexes edge higher in afternoon trading; oil down

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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Phone companies led U.S. stock indexes modestly higher in early afternoon trading Thursday, a day after the market posted its biggest loss in eight months. Real estate and materials stocks declined. Investors were weighing quarterly results from Wal-Mart Stores and other big retailers. KEEPING SCORE: The Standard & Poor’s 500 index rose 5 points, or 0.3 percent, to 2,362 as of 12:29 p.m. Eastern Time. The Dow Jones industrial average added 30 points, or 0.2 percent, to 20,637. The Nasdaq composite index gained 28 points, or 0.5 percent, to 6,040. The Russell 2000 index of smaller stocks was up 1 point, or 0.1 percent, to 1,357. EYES ON WASHINGTON: The stock market was coming off its worst day since September. The slid... Read More
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Markets slide on Comey’s Trump memos, and other MoneyWatch headlines

In Finance, Security, Video by CBS NewsLeave a Comment

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Stocks sink as Comey news rocks D.C., another global cyberattack emerges, and IBM orders remote workers back to the office. These headlines and more from CBS MoneyWatch.... Read More
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US stocks open slightly higher Thursday

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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Stocks are modestly higher in early trading on Wall Street as traders were relieved to see some positive results from retailers. Wal-Mart Stores, L Brands and Ralph Lauren all rose early Thursday after reporting better results than analysts were expecting. The slight gains came a day after the market had its worst drop since September as deepening political tumult in Washing got investors worried that President Donald Trump will have trouble enacting tax cuts and other business-friendly policies. The Standard & Poor’s 500 rose 1 point to 2,358. The Dow Jones industrial average was little changed at 20,608. The Nasdaq gained 10 points to 6,022. Small-company stocks fell. ... Read More
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Stocks Fall Sharply Amid Turmoil In Washington

In Business, Finance, Government, Video by Associated PressLeave a Comment

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Stocks fell sharply as investors worried that the latest turmoil in Washington could hinder President Trump's pro-business agenda. The steep drop Wednesday was the market's worst since September. (May 17)Subscribe for more Breaking News: http://smarturl.it/AssociatedPressGet updates and more Breaking News here: http://smarturl.it/APBreakingNewsThe Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the w... Read More
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Stocks Fall Sharply Amid Turmoil In Washington

In Business, Finance, Government, Video by Associated PressLeave a Comment

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Stocks fell sharply as investors worried that the latest turmoil in Washington could hinder President Trump's pro-business agenda. The steep drop Wednesday was the market's worst since September. (May 17)Subscribe for more Breaking News: http://smarturl.it/AssociatedPressGet updates and more Breaking News here: http://smarturl.it/APBreakingNewsThe Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the w... Read More
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Stocks fall sharply Wednesday, worst since September

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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Stocks fell sharply as investors worried that the latest turmoil in Washington could hinder President Donald Trump’s pro-business agenda. The steep drop Wednesday was the market’s worst since September and ended an unusually long period of calm. Banks, which soared in the months since the election, slumped. Bank of America lost 5.9 percent. Bonds, utilities and gold rose as traders shunned riskier assets. The dollar fell. The Standard & Poor’s 500 dropped 43 points, or 1.8 percent, to 2,357. The Dow Jones industrial average lost 372 points, or 1.8 percent, to 20,606. The Nasdaq fell 158 points, or 2.6 percent, to 6,011, a day after its latest record high. Small-company stocks, which wou... Read More
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Stocks are down amid Trump agenda derailment

In Business, Government, Video by Fox Business NewsLeave a Comment

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Published on May 17, 2017Divine Capital CEO Dani Hughes and SunAmerica Funds Vice President Heather Zumarraga weigh in on the financial markets amid fears of President Trump’s agenda is derailed. Category License Standard YouTube License ... Read More
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Banks lead an early decline for US stocks Wednesday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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Stocks are opening lower on Wall Street as banks and industrial companies fall. Banks were sliding along with bond yields early Wednesday. Bank of America sank 2.7 percent and Wells Fargo lost 2 percent. Falling bond yields mean lower interest rates on loans and tighter profits for banks. Among industrial companies, United Rentals fell 3 percent. Target jumped 3.6 percent after posting surprisingly strong earnings for the first quarter. The Standard & Poor’s 500 index slumped 16 points, or 0.7 percent, to 2,383. The Dow Jones industrial average lost 159 points, or 0.8 percent, to 20,817. The Nasdaq composite fell 49 points, or 0.8 percent, to 6,120. ... Read More
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Washington turmoil dampens stocks, and other MoneyWatch headlines

In Business, Finance, Government, Video by CBS NewsLeave a Comment

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Published on May 17, 2017Global stocks dip on Trump uncertainty; Twitter shares jump as founder returns; and Ford confirms job cuts. These headlines and more from CBS MoneyWatch Category License Standard YouTube License ... Read More
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Most stocks fall, but Nasdaq sets record Tuesday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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Stocks are closing mostly lower on Wall Street, but gains in some technology companies nudged the Nasdaq composite to another record high. Utilities, phone companies and real estate companies fell more than the rest of the market Tuesday, and most industries were lower. Technology bucked the trend, and chipmaker Advanced Micro Devices soared 11.6 percent. Microsoft increased 2 percent. The Standard & Poor’s 500 index fell 1 point, or 0.1 percent, to 2,400. The Dow Jones industrial average slipped 2 points, less than 0.1 percent, to 20,979. The Nasdaq composite increased 20 points, or 0.3 percent, to 6,169. More stocks fell than rose on the on the New York Stock Exchange. Bond prices rose. T... Read More
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US stocks waver in midday trading on Wall Street

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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The major U.S. stock indexes wavered between small gains and losses in midday trading Tuesday a day after the market closed at record highs. Investors were sizing up the latest crop of company earnings and new data on home construction and industrial production. Health care and real estate companies fell more than the rest of the market. Technology stocks led the gainers. KEEPING SCORE: The Standard & Poor’s 500 index fell less than 1 point to 2,401 as of 12:24 p.m. Eastern Time. The Dow Jones industrial average gained 17 points, or 0.1 percent, to 20,999. The Nasdaq composite index was up 11 points, or 0.2 percent, at 6,160. The S&P 500 and Nasdaq hit new highs on Monday. SPRUCED UP: Home Depot topped expectation... Read More
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US stocks waver in early trading on Wall Street Tuesday

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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U.S. stock indexes were little changed in early trading Tuesday, a day after the market closed at record highs. Investors were sizing up the latest crop of company earnings and new data on home construction and industrial production. Real estate and health care companies fell more than the rest of the market. Consumer goods makers rose. The price of oil edged higher. KEEPING SCORE: The Standard & Poor’s 500 index fell 1 point, or 0.1 percent, to 2,403 as of 10:23 a.m. Eastern Time. The Dow Jones industrial average was little changed at 20,986. The Nasdaq composite index was up a fraction at 6,150. The S&P 500 and Nasdaq hit new highs on Monday. SPRUCED UP: Home Depot topped expectations for profit and revenue in t... Read More
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What sectors should investors look to for gains?

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Penn Mutual Asset Management CIO Mark Heppenstall on the outlook for stocks.... Read More
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Cybersecurity stocks spike after global ransomware attack — why this rally could last

In Business, Finance, Government, Security by Venture BeatLeave a Comment

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When a hacking incident made global headlines in recent years — Sony, the DNC, countless corporate data breaches — the otherwise sleepy sector of cybersecurity stocks would often rise on expectations that the world would finally get serious about protecting its computers. Usually, they’d slump back down again. In the wake of the WannaCry ransomware attack, which seized 200,000 computers in more than 150 countries, that may be changing. As Chris O’Brien ... Read More
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More record highs as US indexes gain Monday

In Business, Emerging Technology, Finance, Security by Long Island Business NewsLeave a Comment

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Stocks are closing broadly higher on Wall Street, bringing more record high closes for major indexes. Materials companies, banks and oil and gas companies posted solid gains Monday. Halliburton rose 3.7 percent. Cybersecurity companies were also higher as companies began recovering from a global cyberattack that began last week. FireEye gained 7.5 percent and Symantec rose 3.2 percent. The Standard & Poor’s 500 index rose 11 points, or 0.5 percent, to 2,402. The Dow Jones industrial average gained 85 points, or 0.4 percent, to 20,981. The Nasdaq composite increased 28 points, or 0.5 percent, to 6,149. The Russell 2000 index of small-company stocks climbed 11 points, or 0.8 percent, to 1,393. ... Read More
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Spurt in oil prices sends US stock indexes to record highs Monday

In Business, Emerging Technology, Energy, Finance, Government, Security by Long Island Business NewsLeave a Comment

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A spurt in oil prices on Monday revived energy stocks, which have been among the year’s worst performers, and helped push the Standard & Poor’s 500 index to a record high. The pace for markets around the world, though, remained sluggish. For weeks, markets have made only modest moves as investors shrugged off a long series of potential concerns. KEEPING SCORE: The S&P 500 index rose nearly 11 points, or 0.5 percent, to 2,402, as of 12:42 p.m. Eastern time. If it stays there, it will surpass its record closing high set last week. Earlier in the day, it touched 2,404 for the first time. The Dow Jones industrial average gained 86 points, or 0.4 percent, to 20,982, the Nasdaq composite gained 22, or 0.4 perce... Read More
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Accern raises $1.2 million for AI-curated financial news

In Business, Finance, Government, Start Up by Venture BeatLeave a Comment

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Analysts and traders are flooded with information on stocks, funds, market volatility, you name it. Accern wants to lend some method to the madness by monitoring news sites, blogs, social networks, and more to curate the most relevant financial content. The New York-based startup announced a $1.2 million seed round today to onboard new customers. “Right now we’re working with many multibillion dollar hedge funds and banks to consolidate all their existing news subscriptions feeds into a centralized news platform,” wrote Accern cofounder and CEO Kumesh Aroomoogan, in an email to VentureBeat. “We then... Read More
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Energy stocks lead indexes higher Monday

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Energy companies were leading U.S. stock indexes higher in early trading as the price of crude oil climbed. Marathon Oil jumped 4.8 percent in the first few minutes of trading Monday, the biggest gain in the Standard & Poor’s 500 index. Hess rose 2.9 percent and Murphy Oil rose 2.7 percent. Cybersecurity company Symantec was up 4.5 percent as last week’s global cyberattack spread. The S&P 500 index rose 6 points, or 0.3 percent, to 2,397. The Dow Jones industrial average gained 53 points, or 0.3 percent, to 20,950. The Nasdaq composite edged up 13 points, or 0.2 percent, to 6,134. Bond prices fell. The yield on the 10-year Treasury note rose to 2.34 percent. ... Read More
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What businesses are failing to see about AI

In Business, Emerging Technology, Finance, Government, Mobile Technology, Science & Nature by Venture BeatLeave a Comment

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Robots will wipe out 6 percent of existing U.S. jobs by 2021, according to a new report from market research firm Forrester. But that doesn’t mean unemployment lines will soon wrap around the block. Even the most sophisticated algorithms and machine learning technologies can’t replicate human creativity and ingenuity. As machines take over rote tasks, employees will have more time for ... Read More
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Retailers lead US stocks indexes lower Thursday

In Business, Emerging Technology, Finance, Mobile Technology by Long Island Business NewsLeave a Comment

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Stocks are closing broadly lower as a number of retailers drop after reporting disappointing results. Macy’s plunged 17 percent Thursday after the struggling department store operator reported lower sales as more people shop online. Snap, the parent company of Snapchat, dropped 21.5 percent after reporting a huge loss. Some energy companies bucked the downward trend and rose along with the price of crude oil. Exxon Mobil gained 0.9 percent. The Standard & Poor’s 500 index fell 5 points, or 0.2 percent, to 2,394. The Dow Jones industrial average lost 23 points, or 0.1 percent, to 20,919. The Nasdaq composite gave up 13 points, or 0.2 percent, to 6,115. Small-company stocks fell more than the r... Read More
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US stocks slide in afternoon trading; oil heads higher

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FILE - This Jan. 4, 2010, file photo shows an historic marker on Wall Street in New York. Stocks are off to a weak start on Wall Street, Thursday, May 11, 2017, as banks and technology companies take losses. (AP Photo/Mark Lennihan, File) (Credit: AP) Real estate companies led U.S. stocks broadly lower in afternoon trading Thursday. Macy's, Kohl's and other big retailers were also down sharply after reporting disappointing quarterly results. Oil prices were headed higher. KEEPING... Read More
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US stocks slide in midday trading; oil heads higher Thursday

In Business, Emerging Technology, Finance, Government, Mobile Technology by Long Island Business NewsLeave a Comment

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Consumer-focused companies are leading U.S. stocks broadly lower in midday trading. Macy’s, Kohl’s and other big retailers are falling sharply after reporting disappointing quarterly results. Oil prices are headed higher. KEEPING SCORE: The Standard & Poor’s 500 index lost 11 points, or 0.5 percent, to 2,388 as of 12:24 p.m. Eastern time. The Dow Jones industrial average shed 46 points, or 0.2 percent, to 20,896. The Nasdaq composite declined 32 points, or 0.5 percent, to 6,096, a day after closing at another all-time high. Small-company stocks fell more than the rest of the market. The Russell 200 index dropped 10 points, or 0.7 percent, to 1,389. Two stocks fell for every one that rose on the New York Stock Exch... Read More
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How to invest without sacrificing your values

In Business, Emerging Technology, Finance, Government, Science & Nature by Long Island Business NewsLeave a Comment

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Social values may not be the first thing that comes to mind when investing in the stock market, but there are numerous ways for investors to align their portfolios with their beliefs and passions. Values-based investing has been around a while — religious groups have a lengthy history with it — but due to rising demand and better access to data, investors today have more values-based investment choices than ever before. As well, these investments often perform competitively: A 2016 TIAA Global Asset Management study concluded that investing indexes with socially responsible objectives achieved similar long-term performance as broad market benchmarks. Here’s how to align your investments with your convictions and the i... Read More
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Global stocks eke out small gains in quiet trading

In Business, Finance, Government, Security by Newsday Technology NewsLeave a Comment

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A currency trader stands near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, May 11, 2017. Asian stocks were moderately higher on Thursday with few data reports to move the markets. Investors are watching tax reform developments in the U.S. after President Donald Trump's firing of the FBI chief. (AP Photo/Lee Jin-man) (Credit: AP) (AP) -- Global stock markets made modest gains on Thursda... Read More
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Energy, technology lead stock gains Wednesday

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Stocks are closing higher as energy companies rally with the price of oil. Technology companies also rose. The meager gains Wednesday were enough to mark new all-time highs for the Standard & Poor’s 500 index and the Nasdaq composite. The Dow Jones industrial average was dragged down by drops in Disney and Boeing. Among gaining stocks, Chesapeake Energy jumped 6.5 percent. Chipmaker Nvidia soared 18 percent after reporting earnings that were higher than analysts were expecting. The S&P 500 index rose 2 points, or 0.1 percent, to 2,399, a fraction of a point above its most recent record. The Dow lost 32 points, or 0.2 percent, to 20,943. The Nasdaq composite rose 8 points, or 0.1 percent, to 6,... Read More
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US stocks rise as energy companies rally with oil prices

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U.S. stock indexes are a bit higher Wednesday afternoon as energy companies are rallying with the price of oil. Consumer-focused companies are down following weak first-quarter reports from Priceline and Disney. Drugmakers and other health care companies are also down as a quiet week of trading continues. KEEPING SCORE: The Standard & Poor’s 500 index picked up 1 point, or 0.1 percent, to 2,398 as of 12:43 p.m. Eastern time. The Dow Jones industrial average shed 17 points, or 0.1 percent, to 20,958 as Disney slumped. The Nasdaq composite remained at 6,121 after it set a record high Tuesday. The Russell 2000 index of small-company stocks was up 4 points, or 0.3 percent, to 1,396. OIL: Benchmark U.S. crude surged $1.55,... Read More
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Stocks open lower on Wall Street Wednesday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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Stocks are off to a weak start on Wall Street after several big U.S. companies reported disappointing first-quarter results. Disney was down 3 percent in early trading Wednesday after its revenue fell short of forecasts. Priceline slumped 4.8 percent after its revenue also missed estimates. Chipmaker Nvidia soared 14 percent after reporting earnings that were far higher than analysts were expecting. The Standard & Poor’s 500 index fell 2 points, or 0.1 percent, to 2,395. The Dow Jones industrial average lost 55 points, or 0.3 percent, to 20,919. The Nasdaq composite fell 2 points, less than 0.1 percent, to 6,117. The Nasdaq closed at an all-time high the day before. Bond prices rose. The yield on ... Read More
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Markets Right Now: Stocks open lower on Wall Street

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The latest on developments in financial markets (All times local): 9:35 a.m. Stocks are off to a weak start on Wall Street after several big U.S. companies reported disappointing first-quarter results. Disney was down 3 percent in early trading Wednesday after its revenue fell short of forecasts. Priceline slumped 4.8 percent after its revenue also missed estimates. Chipmaker... Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in ... Read More
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Global stocks, dollar edge lower after Trump fires Comey

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Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Wednesday, May 10, 2017. Asian stocks markets logged moderate gains on Wednesday after Wall Street closed mixed as investors assessed implications of political events around the world. Weaker than expected Chinese inflation data underscored concern that the economy is losing steam. (AP Photo/Eugene Hoshiko) (Credit: AP) (AP) -- Stocks and the dollar mostly fell Wednesday af... Read More
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Bitcoin hits all-time high of more than $1,700

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(Reuters) — Digital currency bitcoin hit a record high on Tuesday as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Blockchain, the underlying technology behind bitcoin, is a financial ledger maintained by a network of computers that can track the movement of any asset without the need for a central regulator Bitcoin hit a record $1,760.40 on the BitStamp platform and was last at $1,747.89, up 6 percent on the day. So far this year, bitcoin has surged nearly 80 percent. Bitcoin’s market capitalization on Tuesday soared to $52.5 billion, according to data from coinmarketcap.com. Aside from being an asset that can be traded on exc... Read More
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Nasdaq sets another record; energy stocks hold back S&P 500

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FILE - In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. U.S. stock indexes bobbed a bit further into record territory Tuesday, May 9, 2017, joining a smooth rise higher for markets around the world. (AP Photo/Richard Drew, File) (Credit: AP) (AP) -- The Nasdaq composite index ticked higher to another record Tuesday, but a drop by energy stocks held other indexes back. It was the third straight day ... Read More
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Stocks end mostly lower Tuesday

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Stocks are ending mostly lower on Wall Street after modest gains from the morning didn’t make it through the day. Utilities, energy and materials companies fell the most Tuesday, while some consumer-focused stocks did well. Chesapeake Energy gave up 2.7 percent, and Sealed Air fell 8.9 percent. United Continental and American Airlines each rose 4.8 percent after reporting higher traffic numbers. The Standard & Poor’s 500 index fell 2 points, or 0.1 percent, to 2,396. The Dow Jones industrial average lost 36 points, or 0.2 percent, to 20,975. The Nasdaq composite picked up 17 points, or 0.3 percent, to 6,120, another record. More stocks fell than rose on the New York Stock Exchange. ... Read More
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Stocks drift around record highs in another listless day Tuesday

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U.S. stock indexes drifted around their record highs Tuesday as markets lazed through yet another day of listless trading. Treasury yields ticked higher, adding to gains made in recent weeks. KEEPING SCORE: The Standard & Poor’s 500 index slipped by just 1 point to 2,398 as of 2:50 p.m. Eastern time. Earlier in the day, it was up 0.2 percent. If it manages another gain, it would mark the third straight session where it’s set an all-time high. The Dow Jones industrial average lost 16 points, or 0.1 percent, to 20,996, and the Nasdaq composite rose 16 points, or 0.3 percent, to 6,119. EVERYONE REMAINS CALM: Markets have been placid, as investors keep crossing off reasons to fear. Last week’s jobs report gave ... Read More
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Stocks drift around record highs in another listless day

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FILE - In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. U.S. stock indexes bobbed a bit further into record territory Tuesday, May 9, 2017, joining a smooth rise higher for markets around the world. (AP Photo/Richard Drew, File) (Credit: AP) (AP) -- U.S. stock indexes drifted around their record highs Tuesday as markets lazed through yet another day of listless trading. Treasury yields ticked higher, addin... Read More
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Stock markets rise on strong German trade data

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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Tuesday, May 9, 2017. Shares were mixed in Asia on Tuesday after record highs on Wall Street overnight. (AP Photo/Eugene Hoshiko) (Credit: AP) (AP) -- Stocks mostly rose on Tuesday on the back of upbeat trade data in Germany and as investors digest a string of strong earnings in the U.S. KEEPING SCORE: Germany's DAX gained 0.7 percent to 12,777 and the CAC 40 of France add... Read More
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Stocks end little changed on Wall Street Monday

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Stock indexes are finishing little changed on Wall Street as losses in materials and health care companies hold back gains in energy and other parts of the market. Fertilizer maker CF Industries gave up 2.3 percent Monday, and drugmaker Celgene lost 3.3 percent. Apple jumped 2.7 percent. Newell Brands, which makes Rubbermaid containers, soared 11.9 percent after reporting solid results and raising its forecast for the year. The Standard & Poor’s 500 index ended up a fraction at 2,399. The Dow Jones industrial average edged up 5 points to 21,012. The Nasdaq composite added 1 point to 6,102. Small-company stocks fell. The Russell 2000 index lost 5 points, or 0.4 percent, to 1,391. Bond prices... Read More
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US stock indexes inch back from record highs Monday

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U.S. stock indexes inched back from their record highs Monday, while the dollar ticked higher against other currencies. Trading was calm following the weekend’s presidential election in France, which had the potential to upset global markets. The candidate who’s in favor of keeping France in the European Union and in the euro currency won, to the relief of investors who feared the alternative would have hurt global trade. Markets had been rallying for weeks in anticipation of a victory by Emmanuel Macron, and analysts said that left little upside for when the result actually occurred. KEEPING SCORE: The Standard & Poor’s 500 index slipped 3 points, or 0.1 percent to 2,396 as of 12:08 p.m. Eastern time. The Dow Jon... Read More
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US stock indexes inch back from record highs

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FILE - In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. European stock markets gave up some recent gains Monday, May 8, 2017, after Emmanuel Macron comfortably won the French presidential election. Over the past couple of weeks, European stocks, particularly French ones, had been buoyant on expectations of a Macron victory over the far-right candidate Marine Le Pen. (AP Photo/Richard Drew, File) (Credit: AP) ... Read More
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Stocks edge lower in early trading Monday

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Stocks are edging lower in early trading on Wall Street as the market comes off record high closes the week before. Materials companies were falling more than the rest of the market early Monday. Consumer-focused stocks were doing well. Newell Brands, which makes Rubbermaid containers and other products, soared 11 percent after reporting solid first-quarter results and raising its forecast for the year. The Standard & Poor’s 500 index slipped 1 point to 2,397. The Dow Jones industrial average lost 23 points, or 0.1 percent, to 20,981. The Nasdaq composite edged down 6 points, or 0.1 percent, to 6,094. ... Read More
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With Macron win confirmed, European market rally hits pause

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French President-elect Emmanuel Macron gestures during a victory celebration outside the Louvre museum in Paris, France, Sunday, May 7, 2017. Speaking to thousands of supporters from the Louvre Museum's courtyard, Macron said that France is facing an "immense task" to rebuild European unity, fix the economy and ensure security against extremist threats. (AP Photo/Thibault Camus) (Credit: AP) (AP) -- When Emmanuel Macron topped the first round of voting in th... Read More
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The Latest: European markets ease, expected Macron win

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Incoming French President Emmanuel Macron leaves the Louvre Museum after addressing his supporters in Paris, Sunday May 7, 2017. Macron says that France is facing an "immense task" to rebuild European unity, fix the economy and ensure security against extremist threats. (Philippe Lopez/Pool Photo via AP) (Credit: AP) (AP) -- The Latest on the French presidential election (all times local): 10:50 a.m. European stock markets have edged down in early t... Read More
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AI-powered trading raises new questions

In Business, Education, Finance, Government by Venture BeatLeave a Comment

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Data indicates that about 55% of Americans are invested in the stock market through direct ownership of shares, stock mutual fund holdings, or retirement accounts. That figure jumps to 88% for households with income greater than $75,000. Many investors trust someone else to handle their investments, like a stock broker or financial advisor. What’s interesting is how quickly that “someone” increasingly refers to an artificial intelligence system. Already, ... Read More
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Weak energy stocks leave indexes mixed Friday

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Major U.S. stock indexes ended up more or less where they started on Wall Street as big drops in energy companies canceled out gains elsewhere in the market. Energy companies posted sharp losses on Thursday after the price of crude oil plunged 5 percent to its level since last fall. Chesapeake Energy fell 7.4 percent. Banks did relatively well as bond yields rose, which allows lenders to charge higher interest rates on loans. Regions Financial rose 1.1 percent. The Standard & Poor’s 500 index rose 1 point to 2,389. The Dow Jones industrial average fell 6 points, less than 0.1 percent, to 20,951. The Nasdaq composite edged up 2 points to 6,075. Bond prices fell. The yield on the 10-year Trea... Read More
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US stocks open slightly higher Friday

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Stocks are modestly higher in early trading on Wall Street after the government reported a pickup in hiring last month. U.S. employers added 211,000 jobs in April, the Labor Department reported early Friday, which reassured investors that the economy was picking up after a sluggish first three months of the year. CBS rose 1.9 percent after reporting higher profits than analysts were expecting. IBM slumped 2.7 percent after billionaire investor Warren Buffett said he had sold some of his stake in the company. The Standard & Poor’s 500 index rose 4 points, or 0.2 percent, to 2,393. The Dow Jones industrial average fell 11 points, less than 0.1 percent, to 20,935. The Nasdaq composite gained 14 point... Read More
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Weak energy stocks leave indexes mixed Thursday

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Major U.S. stock indexes ended up more or less where they started on Wall Street as big drops in energy companies canceled out gains elsewhere in the market. Energy companies posted sharp losses on Thursday after the price of crude oil plunged 5 percent to its level since last fall. Chesapeake Energy fell 7.4 percent. Banks did relatively well as bond yields rose, which allows lenders to charge higher interest rates on loans. Regions Financial rose 1.1 percent. The Standard & Poor’s 500 index rose 1 point to 2,389. The Dow Jones industrial average fell 6 points, less than 0.1 percent, to 20,951. The Nasdaq composite edged up 2 points to 6,075. Bond prices fell. The yield on the 10-year Treasury... Read More
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Plunging oil prices and energy companies sink stock indexes

In Business, Finance, Government, Healthcare, Legal by Newsday Technology NewsLeave a Comment

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Specialist Anthony Rinaldi works on the floor of the New York Stock Exchange, Thursday, May 4, 2017. U.S. stocks are mostly lower Thursday morning as oil prices continue to drop and energy companies take sharp losses. (AP Photo/Richard Drew) (Credit: AP) (AP) -- U.S. stocks are declining Thursday as oil prices continue to plunge and energy companies take sharp losses. Health insurers are a bit higher and hospitals are lower as Congress prepares to vote on a bill intended to... Read More
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Stocks edge higher in early trading Thursday

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Stocks are opening slightly higher on Wall Street, led by gains in banks and makers of consumer goods. Wells Fargo picked up 1 percent in early trading Thursday, and Kellogg rose 0.8 percent. AmerisourceBergen rose 3 percent after the drug distributor reported earnings that came in well ahead of what analysts were expecting. The Standard & Poor’s 500 index edged up 1 point, less than 0.1 percent, to 2,389. The Dow Jones industrial average rose 17 points, or 0.1 percent, to 20,975. The Nasdaq composite was down a fraction at 6,071. Bond prices fell. The yield on the 10-year Treasury note rose to 2.37 percent. ... Read More
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European markets get a lift from perceived Macron debate win

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People watch a live broadcast television debate with French centrist presidential candidate Emmanuel Macron, right, and far-right candidate Marine Le Pen, in a restaurant in Lille, northern France, Wednesday, May 3, 2017. Le Pen and Emmanuel Macron exchanged barbs and insults on Wednesday during their sole televised debate ahead of Sunday's runoff election. (AP Photo/Michel Spingler) (Credit: AP) (AP) -- European stocks got a lift Thursday after centrist French presiden... Read More
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Asia stocks slip on Fed's latest; Europe shares open higher

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A woman walks past an electronic board displaying Shenzhen trading stock prices at a brokerage house in Beijing, Thursday, May 4, 2017. Most Asian stock markets slipped Thursday after a lackluster day on Wall Street as the Fed used its latest assessment of the U.S. economy to signal that more interest rate increases are coming. (AP Photo/Andy Wong) (Credit: AP) (AP) -- Asian stock markets slipped and the dollar held its ground Thursday after the Fed's latest assessment of ... Read More
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US stock indexes end with meager gains Wednesday

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U.S. stock indexes are closing slightly higher as gains in industrial companies are offset by losses in automakers and energy companies. Engine maker Cummins rose 6.1 percent Tuesday. Automakers were broadly lower after posting weak April sales. Fiat Chrysler lost 4.3 percent and Ford gave up 4.4 percent. Energy companies fell after oil fell to its lowest price in almost six months. Rig operator Transocean lost 2.3 percent. The Standard & Poor’s 500 index edged up 2 points, or 0.1 percent, to 2,391. The Dow Jones industrial average gained 36 points, or 0.2 percent, to 20,949. The Nasdaq composite edged up 3 points, or 0.1 percent, to 6,095, another record high. Small-company stocks fell. Bond p... Read More
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Stock indexes follow media and health care companies lower

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FILE - In this Oct. 8, 2014, file photo, a Wall Street address is carved in the side of a building in New York. U.S. stocks are down early Wednesday, May 3, 2017, as losses for Apple and other technology pull major indexes lower. Materials and health care companies are also slumping. The Federal Reserve is having its monthly meeting, although investors don't expect it to raise interest rates. (AP Photo/Mark Lennihan, File) (Credit: AP) (AP) -- U.S. stocks are falling Wednesday as media, t... Read More
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Global stocks decline ahead of US Federal Reserve meeting

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Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Tuesday, May 2, 2017. U.S. stocks are opening slightly higher as investors find a lot to like in corporate first-quarter results. (AP Photo/Richard Drew) (Credit: AP) (AP) -- Global stocks declined Wednesday ahead of a meeting of U.S. Federal Reserve policymakers, with markets in Japan and Hong Kong closed for a holiday. KEEPING SCORE: London's FTSE-100 retreated 0.2 percent to 7,237.13 points and Fran... Read More
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US stock indexes end with meager gains Tuesday

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U.S. stock indexes are closing slightly higher as gains in industrial companies are offset by losses in automakers and energy companies. Engine maker Cummins rose 6.1 percent Tuesday. Automakers were broadly lower after posting weak April sales. Fiat Chrysler lost 4.3 percent and Ford gave up 4.4 percent. Energy companies fell after oil fell to its lowest price in almost six months. Rig operator Transocean lost 2.3 percent. The Standard & Poor’s 500 index edged up 2 points, or 0.1 percent, to 2,391. The Dow Jones industrial average gained 36 points, or 0.2 percent, to 20,949. The Nasdaq composite edged up 3 points, or 0.1 percent, to 6,095, another record high. Small-company stocks fell. Bond p... Read More
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Stocks struggle as slowing auto sales worry Wall Street

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Trader Kevin Lodewick works on the floor of the New York Stock Exchange, Tuesday, May 2, 2017. U.S. stocks are opening slightly higher as investors find a lot to like in corporate first-quarter results. (AP Photo/Richard Drew) (Credit: AP) (AP) -- U.S. stock indexes are slightly higher Tuesday as industrial companies including engine maker Cummins rise after posting strong first-quarter results. Ford, General Motors and Fiat Chrysler are falling after they said their sales shrank... Read More
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Slowing auto sales weigh on US stocks as indexes wobble

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U.S. stock indexes are little changed Tuesday as weak auto sales drag down car makers even as other companies report strong earnings. Ford, General Motors and Fiat Chrysler are falling as it appears U.S. car sales are slowing down. Industrial companies including engine maker Cummins are rising after posting their first-quarter results. KEEPING SCORE: The Standard & Poor’s 500 index remained at 2,387 as of 11:55 a.m. Eastern time. The Dow Jones industrial average added 19 points, or 0.1 percent, to 20,932. The Nasdaq composite lost 1 point to 6,090 after it set a record high Monday. The Russell 2000 index of small-company stocks sank 7 points, or 0.5 percent, to 1,399. That was a hint investors were concerned that weak auto s... Read More
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Industrials lead stocks higher Tuesday

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U.S. stocks are opening slightly higher as investors find a lot to like in corporate first-quarter results. Industrials are making some of the biggest gains Tuesday morning. Engine maker Cummins rose 7.4 percent and power management company Eaton gained 3.4 percent after reporting their results. Consumer reviews website Angie’s List soared 54.2 percent after it agreed to be bought by media company IAC/InterActive for about $505 million. IAC first proposed merging with Angie’s List in 2015. The Standard & Poor’s 500 index rose 3 points, or 0.1 percent, to 2,391. The Dow Jones industrial average gained 38 points, or 0.2 percent, to 20,951. The Nasdaq composite continued to set records as it gained 8... Read More
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Stocks close mostly higher Monday

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Stocks closed mostly higher on Wall Street with big technology companies like Apple and banks leading the way. Banks rose along with bond yields Monday after Congress agreed to a deal that will keep the government operating for the rest of the fiscal year. Bank of America and Wells Fargo each rose 1.2 percent. Investors sold bonds, gold, and high-dividend stocks. Tribune Media jumped 6.1 percent following reports that Twenty-First Century Fox and Blackstone may try to buy it. The Standard & Poor’s 500 index rose 4 points, or 0.2 percent, to 2,388. The Dow Jones industrial average fell 26 points, or 0.1 percent, to 20,914. The Nasdaq climbed 44 points, or 0.7 percent, to 6,091. Bon... Read More
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US stocks open slightly higher Monday

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Stocks are opening slightly higher on Wall Street, led by gains in technology companies and banks. Chipmaker Advanced Micro Devices rose 1.8 percent in the first few minutes of trading Monday, the biggest gain in the Standard & Poor’s 500 index. Citizens Financial was close behind with a gain of 1.7 percent. Broadcasting company Tribune Media jumped 7.6 percent following reports that Twenty-First Century Fox and Blackstone may make an offer for the company. The S&P 500 rose 3 points, or 0.2 percent, to 2,387. The Dow Jones industrial average edged up 3 points, less than 0.1 percent, to 20,944. The Nasdaq composite was up 21 points, or 0.4 percent, to 6,068. ... Read More
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Stocks end slightly lower on Wall Street Friday

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Stocks ended slightly lower on Wall Street, narrowly missing a fourth record high close this week for the Nasdaq composite index. Phone companies fell the most Friday. Verizon sank 1.6 percent. Magazine publisher Time Inc. plunged 17 percent after saying it decided not to pursue a sale of the company. Several technology companies bucked the downward trend and moved higher after reporting solid results. Google’s parent company Alphabet added 3.7 percent and Amazon rose 0.7 percent. Energy companies rose as the price of crude oil headed higher. The Standard & Poor’s 500 index fell 4 points, or 0.2 percent, to 2,384. The Dow Jones industrial average slipped 40 points, or 0.2 percent, to 20,9... Read More
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US stock indexes head lower in afternoon trading; oil rising

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FILE - In this Oct. 2, 2014 file photo, people pass a Wall Street subway stop, in New York's Financial District. The major U.S. stock indexes were mostly lower in early trading Friday, April 28, 2017, as investors sized up the latest batch of company earnings.(AP Photo/Richard Drew, File) (Credit: AP) Phone companies led U.S. stocks modestly lower in late-afternoon trading Friday as investors weighed the latest batch of company earnings and economic news. The government estimated that the... Read More
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US stock indexes mixed in afternoon trading Friday

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U.S. stock indexes were mostly lower in afternoon trading Friday as investors sized up the latest batch of company earnings. Phone company stocks were down the most, followed by banks and materials companies. Technology stocks led the gainers. Energy companies also rose as the price of crude oil headed higher. KEEPING SCORE: The Standard & Poor’s 500 index slipped 4 points, or 0.2 percent, to 2,384 as of 1:47 p.m. Eastern time. The Dow Jones industrial average fell 42 points, or 0.2 percent, to 20,940. The Nasdaq composite fell 1 point to 6,047. Small-company stocks fell more than the rest of the market. The Russell 2000 index gave back 13 points, or 0.9 percent, to 1,404. Nearly two stocks fell for every one that rose on th... Read More
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US stock indexes veer mostly lower; oil prices head higher

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The major U.S. stock indexes were mostly lower in early trading Friday as investors sized up the latest batch of company earnings. Real estate stocks lagged the most, while energy companies led the gainers as the price of crude oil headed higher. Several technology companies were moving higher after reporting solid results. KEEPING SCORE: The Standard & Poor’s 500 index slipped 1 point, or 0.1 percent, to 2,387, as of 10:11 a.m. Eastern time. The Dow Jones industrial average fell 24 points, or 0.1 percent, to 20,956. The Nasdaq composite rose 3 points, or 0.1 percent, to 6,052. FEELING LUCKY: Shares in Google’s parent company Alphabet gained 3.7 percent after the internet giant reported better-than-expected quarterly re... Read More
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Meager gains are enough for Nasdaq record Thursday

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U.S. stock indexes ended mostly higher on Wall Street, enough to mark another record high close for the Nasdaq composite. Major indexes spent most of the day wavering between small gains and losses Thursday, then wound up with modest gains. Energy companies slumped along with the price of oil, but several others rose after reporting stronger-than-expected profits, including Under Armour and PayPal. The Standard & Poor’s 500 index edged up 1 point, less than 0.1 percent, to 2,388. The Dow Jones industrial average added 6 points, less than 0.1 percent, to 20,981. The Nasdaq composite increased 23 points, or 0.4 percent, to 6,048. Slightly more stocks fell than rose on the New York Stock Exchange.... Read More
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US stocks flitter close to records in mixed day for markets

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U.S. stock indexes flittered up and down Thursday, part of a mixed day for markets around the world. A drop in oil prices helped pull energy stocks lower. That helped to offset gains for Under Armour, PayPal and others that joined the lengthening parade of big U.S. companies reporting bigger-than-expected profits for the first three months of the year. KEEPING SCORE: The Standard & Poor’s 500 index dipped by 2 points, or 0.1 percent, to 2,386, as of 11 a.m. Eastern time. It had climbed to within a whisper of its March 1 record closing level of 2,395.96 in recent days, but momentum faded late Wednesday following the White House’s highly anticipated unveiling of its tax plan, which contained only broad outlines. ... Read More
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Markets subdued Thursday in the wake of Trump’s tax plans

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Global stocks were subdued Thursday as investors assessed the scant details of President Donald Trump’s U.S. tax overhaul. The Bank of Japan and European Central Bank kept their policies on hold as expected, though the euro took a modest hit when ECB President Mario Draghi said he wasn’t confident that inflation across the 19-country eurozone was heading toward target. KEEPING SCORE: European shares fell with France’s CAC 40 down 0.6 percent at 5,269 and Germany’s DAX 0.2 percent lower at 12,447. Britain’s FTSE 100 shed 0.5 percent to 7,249.97. U.S. shares were poised to open slightly higher. Dow futures and the broader S&P 500 futures were both up 0.1 percent. TRUMP ON TAX: The White House unveiled broad outl... Read More
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What stocks could benefit the most from Trump’s tax cuts?

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Published on Apr 26, 2017InvestorPlace.com Executive Editor Jeff Reeves on why the markets are losing ground following Trump’s murky tax proposal, and what stocks could benefit the most. Category License Standard YouTube License ... Read More
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Edwards Lifesciencse and Deckers rise; US Steel plunges

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(AP) -- Stocks that moved substantially or traded heavily Wednesday: United States Steel Corp., down $8.33 to $22.78 The steel maker lowered its annual estimates with its flat-rolled-products business struggling. Edwards Lifesciences Corp., up $10.38 to $109.30 The medical device maker had a strong first quarter and raised its projections for the year. Deckers Outdoor... Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in ... Read More
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US indexes close nearly unchanged Wednesday

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Stocks closed nearly unchanged as early gains evaporated following the White House’s announcement about its tax policy proposals. Corporate earnings were also in focus Wednesday. Overall more stocks rose than fell. Health care companies gained more than the rest of the market. Health insurer Anthem gained 3.7 percent after reporting earnings that beat analysts’ expectations. The Standard & Poor’s 500 fell 1 point, or 0.1 percent, to 2,387. The Dow Jones industrials fell 21 points, or 0.1 percent, to 20,975. The Nasdaq composite was little changed at 6,025. The Russell 2000 index of smaller-company stocks rose 8 points, or 0.6 percent, to close at a record high of 1,419. ... Read More
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Stocks tick higher, S&P 500 flirts with record

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Trader Luke Scanlon works on the floor of the New York Stock Exchange, Wednesday, April 26, 2017. Stock markets around the world made only modest moves on Wednesday, waiting to see what the White House has in store for U.S. tax policy. (AP Photo/Richard Drew) (Credit: AP) (AP) -- Stock indexes ticked higher on Wednesday, and the Standard & Poor's 500 index flirted with its record high, as the White House unveiled a broad outline of its plan to cut tax rates. The market ... Read More
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US indexes mostly higher in midday trade Wednesday

In Business, Emerging Technology, Finance, Healthcare by Long Island Business NewsLeave a Comment

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Stocks are making modest gains in midday trading as investors wait for the White House to announce its tax policy proposals. Corporate earnings were also in focus Wednesday, and health care companies were rising more than the rest of the market. Health insurer Anthem gained 3.7 percent after reporting earnings that beat analysts’ expectations. Baxter International was up 1.8 percent after its own results beat forecasts. The Standard & Poor’s 500 rose 3 points, or 0.1 percent, to 2,391. The Dow Jones industrials gained 37 points, or 0.2 percent, to 21,034. The Nasdaq composite was little changed at 6,024. ... Read More
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Robinhood raises $110 million at a $1.3 billion valuation for stock trading app

In Finance, Government by Venture BeatLeave a Comment

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Robinhood has officially raised its latest round of funding, bringing in $110 million at a $1.3 billion valuation. The investment is led by DST Global and includes participation from new investors Greenoaks Capital and Thrive Capital, along with previous investors Index Ventures, NEA, and Ribbit Capital. The company said that it will use the funds to increase hiring and develop new products around its stock trading app, which has more than 2 million users. ... Read More