Month: April 2018

Shares of Square fell Monday after noted short-seller Andrew Left’s Citron Research said excitement over the payments processor’s bitcoin trading product was overdone. The stock briefly lost 3.8 percent to $45.76 a share before recovering some of its losses. Square is a “collection of yawn businesses,” Citron said in a tweet Monday afternoon. “WallSt. drunk
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Botox maker Allergan reported a better-than-expected quarterly profit on Monday and raised its full-year forecast for adjusted net income, driven by higher sales of its medical aesthetics products including the blockbuster wrinkle treatment. The company’s shares rose about 2.4 percent to $166.70 in premarket trading. Sales of Botox, its biggest drug by revenue that is
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Shares of McDonald’s rose nearly 4 percent on Monday after the company posted better-than- expected earnings before the opening bell. The company said it earned $1.79 per share on $5.14 billion in revenue, beating analyst expectations. Wall Street had expected earnings of $1.67 per share on $4.98 billion in revenue, according to Thomson Reuters estimates.
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Damaging revelations of misconduct at Australia’s largest listed money manager, AMP, may take years to fix, according to Morningstar. “It’s going to be a rough, rocky ride for the next six months, twelve months, probably even longer for investors in AMP,” Morningstar Analyst David Ellis told CNBC’s “Street Signs.” Catherine Brenner resigned Monday from her
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Blue Origin has launched its New Shepard rocket Sunday from its facility near Van Horn, Texas in the company’s first flight of 2018. The vehicle — named after the first American in space, Alan Shepard — launches vertically from the West Texas facility. Founder Jeff Bezos, who invests $1 billion each year into Blue Origin
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China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation period for the new rules that began in March is now over and the final regulations have been officially released for immediate implementation,
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