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Former Treasury Secretary Jack Lew is making the move to mortgages. Lew announced Thursday he will chair the advisory board of consumer-lending tech company Blend. The San Francisco-based start-up handles online mortgage applications for incumbents like Fannie Mae, Freddie Mac, U.S. Bank and Wells Fargo. The company has attracted $160 million of private funding from
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Check out the companies making headlines after the bell: Sears Holdings stock rose more than 16 percent in after-hours trading after the company released its quarterly earnings report. The company posted its smallest decline in same-store sales, 3.9 percent, in over 3 years. In the prior quarter, same-store sales declined 11.9 percent. Sears posted a
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Michael Novogratz, a former hedge-fund manager who is heavily invested in digital currencies, called a bottom on cryptocurrencies Thursday. “I think we put in a low yesterday,” Novogratz said in a tweet. He also noted the Bloomberg Galaxy Crypto index, which measures the performance of the largest digital currencies traded in dollars, “retouched the highs
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There’s no better way to look dumb in this market than to try to call an end to a rally based on valuation. And so there’s a case to simply hold onto Roku (NASDAQ:ROKU), even with ROKU stock up almost 150% since early April. After all, there’s a fantastic story here, as I’ve repeatedly argued, most
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U.S. equities have snapped out of their recent funk on Thursday thanks to a rebound in large-cap technology stocks and some bargain hunting in semiconductor stocks. The latter have been the focus of some intense selling pressure on worries over stalled demand and growing inventories. Other catalysts encouraging investors include a relatively tame August inflation
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The iPhone X never delivered on the “Super Cycle” many Apple (NASDAQ:AAPL) analysts were hoping for. But, all those Apple stock analysts calling for an iPhone Super Cycle last year weren’t wrong. They were just a year early. At its recent annual launch event, AAPL just unveiled three new iPhones. The most interesting of three is the
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Equities could fall sharply U.S.-China trade relations worsen, hedge-fund titan David Tepper warned Thursday. Tepper spoke with CNBC’s “Halftime Report” on Thursday. Tepper founded Appaloosa Management in 1993 and is known for making big calls on the market. Tepper told CNBC in January the bull market had more room to run, citing lower taxes and
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J.P. Morgan derivatives strategists recommended short term option bets on Masco, Carmax, C.H. Robinson, and Haliburton, based on their historic outperformance during post-hurricane rebuilding. Hurricane Florence is heading toward the coast of the Carolinas and is expected to dump high amounts of rain on the southeast U.S. when it makes landfall Friday. The bank said
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For investors seeking protection, dividend stocks offer significant advantages. Principally, they offer passive income that can either boost overall returns or help mitigate market volatility. Usually though, dividend-paying companies tend to be boring affairs. On the other hand, you can’t find anyone who isn’t at least somewhat interested in tech stocks. As we move deeper
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