Market Insider

Cryptocurrency exchanges are vulnerable to market manipulation and lack standard consumer protections that come with established financial markets, according to a months-long investigation by the New York State Attorney General’s office. The 32-page “Virtual Markets Integrity Report” published Tuesday highlights issues of “transparency, fairness, and security” in cryptocurrency trading. In many cases, exchanges are not
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Check out the companies making headlines before the bell: DowDupont – CEO Edward Breen will become executive chairman of the specialty products company resulting from DowDupont’s planned split into three companies next year. That unit will take the DuPont name. It had been previously announced that current DowDupont executive Jim Fitterling will become CEO of
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Check out the companies making headlines after the bell: Oracle shares fell more than 3 percent in after-hours trading after the release of its first quarter earnings report. The company reported their earnings per share as 71 cents, beating analysts’ estimates of 69 cents a share. However, it missed estimates for revenue, reporting $9.2 billion
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Despite consumer backlash against Nike‘s Colin Kaepernick ad campaign, one analyst says the publicity should bode well for the athletic apparel company’s bottom line. “We view the publicity as good publicity,” Erinn Murphy, Piper Jaffray senior research analyst, said in a note to clients Monday. “The controversy has not only bred commerce, but we view
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Check out the companies making headlines before the bell: Adobe Systems – Adobe reported adjusted quarterly profit of $1.73 per share, beating estimates by 4 cents a share. The software maker’s revenue topped forecasts, as well, however Adobe’s revenue guidance was merely in line with analysts’ estimates after topping expectations for nine straight quarters. Amazon.com
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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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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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