Finance

China is apparently no longer buying U.S. soybeans amid the rise in trade tensions, Bloomberg reported Wednesday. “Whatever they’re buying is non-U.S.,” Soren Schroder, CEO of New York-based Bunge, the world’s largest oilseeds processor, told the news outlet in a phone interview. “They’re buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not
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After years of costly layoffs and plant closings, things are looking up for the heavy-machinery giant Caterpillar, which forecasts solid global sales growth and increased demand this year. Yet despite the corporate investment incentives at the center of President Trump’s tax overhaul, the company’s executives have no plans to supercharge investment or expansion. Caterpillar’s plans
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Electronic Arts. Karen Finerman was a buyer of ProShares UltraShort 20+ Year Treasury. Steve Grasso was a buyer of Tesla. Guy Adami was a buyer of Take-Two. Trader disclosure: On April 30, 2018, the following stocks and
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The ecosystem around bitcoin is still changing, but U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo said the popular cryptocurrency is part currency, part security and part digital coin. “Bitcoin and a lot of its other virtual currency counterparts really have elements of all of the different asset classes, whether they’re meeting payment, whether
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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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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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Much of the selling is in the passive investment products favored by retail investors. After a surge of inflows in January, U.S.-listed exchange-traded products posted their first two-straight months of outflows since 2008, according to Credit Suisse. “Right across the board, everybody came into the year in a pretty buoyant mood,” said Michael Hartnett, chief
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One Wall Street analyst regrets his decision to downgrade Facebook’s stock earlier in the year after its big earnings beat. Facebook reported quarterly earnings and revenue well beyond consensus expectations on Wednesday despite its recent scandal involving data privacy and Cambridge Analytica. The impressive numbers sparked a rally in its stock the day after, rallying
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Square announced an agreement on Thursday to buy website-building company Weebly for $365 million. The cash-and-stock deal will allow small business customers to use both Weebly and Square to easily build websites and online stores, the companies said. Weebly is a website-building service, similar to Squarespace or WordPress, and was backed by Sequoia, Tencent and
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Check out the companies making headlines after the bell on Monday: Cadence Design Systems stock surged more than 11 percent in after-hours trading. The software and engineering services company reported first quarter financial results that beat analyst expectations. Cadence reported EPS of $0.40 on revenue of $517 million versus the $0.37 on $505 million analysts
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