Month: May 2018

A veteran market researcher is out with a warning — saying the Federal Reserve is relying too heavily on economic surveys skewed by social media to mold their policies. According to Bianco Research President James Bianco, most economists mistakenly believe that leading indicators are signaling an “A+” economy that can withstand rising interest rates. “It’s
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Bitcoin is still a buy despite its continued losses, blockchain venture capitalist Spencer Bogart told CNBC. The digital currency’s increased number of use cases is proof that the popular form of money is being institutionalized. “Every major bank is trying to do something in the space,” Bogart, a partner at Blockchain Capital, told CNBC’s “Fast
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Despite Friday’s high-profile arrest of former movie mogul Harvey Weinstein on charges stemming from multiple allegations of sexual misconduct, many instances of workplace harassment apparently are never even reported. Of the 12 percent of workers who say they’ve experienced sexual harassment on the job, 72 percent did not tell their employer about the incident, according
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The first named tropical weather system of the 2018 hurricane season has formed. The National Hurricane Center says a disturbance moving toward the Gulf of Mexico is now Subtropical Storm Alberto. Alberto had top sustained winds of 40 mph early Friday and was located 55 miles south of Cozumel, Mexico. The storm was moving north-northeast
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Patrick T. Fallon | Bloomberg | Getty Images Products are prepared for shipment at the Herbalife Los Angeles distribution center in Carson, California. Carl Icahn’s Icahn Enterprises is finally taking some profits on its Herbalife winnings. On Friday the investor said he is lowering his stake in a securities filing. “Yesterday IEP tendered its Herbalife
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Check out the companies making headlines before the bell: Foot Locker – The athletic apparel and footwear retailer reported adjusted quarterly profit of $1.45 per share, 20 cents a share above estimates. Revenue also beat forecasts, but comparable-store sales fell by 2.8 percent — that was smaller than the Thomson Reuters consensus estimate of a
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