Finance

Herbalife distribution center in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell: LendingClub – Shares of the fintech company were down 1.98% in extended-hours trading after it announced plans to pay $185 million in cash and stock for Radius Bancorp, a Boston-based online bank
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Apple’s suppliers and partners are getting hit hard following the iPhone maker’s revenue warning due to the coronavirus epidemic in China, underscoring fears about the financial fallout of the outbreak. Qorvo, a radio frequency chip supplier for Apple, fell nearly 2.5% on Tuesday morning. Credit Suisse estimates 30% of Qorvo’s revenues come from Apple. Chip
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HSBC logo is displayed outside a branch of in the United Kingdom. Matt Cardy | Getty Images HSBC on Tuesday reported pre-tax profit that missed analysts’ expectations after the bank took a goodwill impairment relating to its European investment banking and commercial banking businesses. The bank, Europe’s largest by assets, also announced a major overhaul
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Hillary Clinton speaks onstage at ‘Hillary Clinton and Chelsea Clinton discuss their new book ‘The Book of Gutsy Women’ at The Wilshire Ebell Theatre on November 05, 2019 in Los Angeles, Emma McIntyre | Getty Images Presidential candidate Mike Bloomberg is considering Hillary Clinton as a vice presidential running mate after positive internal polling about
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Giant letters, reading the word ‘blockchain’, are displayed at the blockchain centre, which aims at boosting start-ups, on February 7, 2018 in Lithuania’s capital Vilnius. Petras Malukas | AFP | Getty Images BEIJING – As Chinese authorities rush to support businesses struggling to survive the effects of the new coronavirus, blockchain technology is showing its
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An entrance to a closed McDonald’s Corp. restaurant is barricaded near the famous West Lake, usually a popular tourist attraction, in Hangzhou, China, on Tuesday, Feb. 11, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING – Two weeks after the Lunar New Year holiday was originally supposed to end, Chinese businesses are still getting
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Dow Jones Industrial Average falls 25.23 points The Dow slid 25.23 points, or 0.1%, to 29,398.08. The S&P 500 gained 0.1% to close at 3,380.16. The Nasdaq Composite closed 0.2% higher at 9,731.18. Stocks teetered along the flatline for most of the day, but Wall Street posted a weekly gain. Back-to-back weekly gains despite coronavirus
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Wall Street used to be full of traders. Buying and selling stocks or bonds used to happen on the phone, in person or in the packed trading pits in Chicago, New York and London. Prestigious investment banks boasted of trading desks the size of football fields. Now, they’re losing money on trading operations and laying
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People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Roku – Shares of the streaming company jumped 5% in extended
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The Federal Reserve is “closely monitoring” the coronavirus, its impact on China and the effect that it could have on global economic growth, Chairman Jerome Powell said Tuesday. In his semiannual testimony before Congress, Powell said the new threat comes just as trade uncertainties have diminished, though the U.S. economy appears “resilient” to global headwinds.
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People pass by the New York Stock Exchange. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Chegg – The American education technology company’s stock dropped more than 4% in extended trading despite reporting financial results that beat on the top and bottom line. The company reported a fourth-quarter profit of
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Mike Lynch, former chief executive officer of Autonomy Corp departs the Rolls Building on June 27, 2019 in London, England. Dan Kitwood | Getty Images Mike Lynch was once described in U.K. media as “Britain’s Bill Gates.” Now the entrepreneur faces potential extradition to the United States. Lynch, the founder of U.K. tech firm Autonomy,
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Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange. Bryan R. Smith | AFP | Getty Images Dow Jones Industrial Average drops 277 points The Dow slid 277.26 points, or 0.94%, to 29,102.51. The S&P 500 fell 0.54% to 3,327.71. The Nasdaq Composite pulled
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