Month: June 2018

JSW Steel USA is investing $1 billion in facilities in Mingo Junction, Ohio, and Baytown, Texas, President and CEO John Hritz told CNBC. “We are going to be hiring over 1,000 people,” Hritz said on “Closing Bell” on Thursday. The U.S. steel mill, headquartered outside Houston, produces hot-rolled plates and pipes. The capital expansion projects
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In April, the SEC said it planned to propose a best-interest standard for investment advisers and broker-dealers that make recommendations to retail investors. The agency also opened the proposal up for a 90-day comment period. The Securities Industry and Financial Markets Association, a trade group that represents banks and asset management and securities firms, praised
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Louis Ascui | Fairfax | Getty Images Jack Dorsey, co-founder and CEO of Square and Twitter. Square has a large untapped opportunity to offer more services to the restaurant industry, according to one Wall Street firm. Nomura Instinet reiterated its buy rating for Square shares, predicting the payment company’s new offering called “Square for Restaurants”
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Sara Netanyahu, wife of Israeli Prime Minister Benjamin Netanyahu, was charged by Israeli prosecutors Thursday with fraud and breach of trust involving alleged misuse of public funds to pay for hundreds of gourmet meals. She was accused of fraudulently ordering hundreds of meals to the prime minister’s official residence worth over $100,000 while falsely stating
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Facebook. Karen Finerman was a buyer of Bank of America. Dan Nathan was a buyer of the Financials ETF. Guy Adami was a buyer of Halliburton. Trader disclosure: On June 20, 2018, the following stocks and commodities
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The acting director of the Consumer Financial Protection Bureau says until the agency breaks out of Senator Elizabeth Warren’s shadow, it cannot operate as a “gold-standard” regulator. “We are still Elizabeth Warren‘s baby,” CFPB Acting Director Mick Mulvaney said at the Future of Fintech conference in New York Wednesday. “Until we break that we will
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If you want to have a financially savvy college student, start talking to your child about money while she’s still in diapers. It’s never too early to begin talking to your kids about financial literacy, said certified financial planner Marguerita M. Cheng, CEO and co-founder of Blue Ocean Global Wealth in Gaithersburg, Maryland. “The key
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South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen. The Seoul-based operator said on Twitter that the stolen coins would be covered from Bithumb’s own reserves and that all users’ assets are being transferred to safer “cold wallet.” Tweet 1:
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As the first major economy to fully legalize cannabis, Canada’s regulatory rollout will be closely watched by other nations considering the same path – and by global investors, who have already poured billions into Canadian marijuana firms. Canadian marijuana companies like Canopy Growth, Aphria, Horizons Marijuana Life Sciences ETF and Aurora Cannabis have been at
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