Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, first climbing about 4% immediately after the market close before slipping and settling about 1.4% below the closing price following the company’s third-quarter earnings
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Pershing Square Holdings (PSH) is an under-followed and over-looked closed-end fund (CEF) run by a shareholder-friendly value manager with skin in the game and trading at a 25% discount to net asset value (NAV). Pershing Square’s discount to NAV is, in my opinion, unsustainably high and likely to narrow. If this happens, investors’ returns will
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This week’s strategy video covers a very important scenario that all traders come across – trend breakouts that don’t turn out as expected. Textbooks say that if a trendline breaks, then that’s it – another direction is certain. David explains why this isn’t necessarily true and he gives us illustrations and examples of the so-called
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You can certainly retire in comfort with a modest nest egg – say, $200,000 – in Spain. Just follow the long line of British expats to the lively towns along the Costa del Sol, Spain’s Mediterranean coastline. For many years, Americans have been looking to Mexico, and more recently to its Central American neighbors, for an ideal
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Boris Johnson’s hopes of leading Britain out of the EU on October 31 were hanging in the balance on Thursday night, after he secured a Brexit deal in Brussels but faced the threat that it could be scuppered in the House of Commons within 48 hours. The Democratic Unionist party said it would oppose the deal,
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“Billions” is back! The hit series from CBS’s Showtime network is back with season 4, and the intrigue is intoxicating. The show, which debuted in 2016 as the brainchild of veteran TV writers Bryan Koppelman and David Levien, takes us deep into the opulent and cutthroat world of hedge funds, white collar criminals, and prosecutors
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Chinese banks are bolstering their offshore loan recovery teams as they face a wave of bad debts linked to struggling overseas businesses and acquisitions. ICBC, Bank of China and China Construction Bank, along with several other large Chinese financial institutions, have rapidly expanded recovery and restructuring operations at their offshore units in Hong Kong over
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eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets. The tool, which is called TheTIE-LongOnly CopyPortfolio, is a collaboration between eToro and cryptocurrency analytics firm The TIE. According to The TIE, the platform’s “proprietary machine learning and language processing models ingest
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If you’re wondering whether environmental, social and governance (ESG) investing is taking off, consider this: the term ESG was used during 100% more S&P 500 corporate earnings calls in the second quarter of 2019 compared with the first quarter, according to FactSet. And while the actual number of mentions was only 24 (compared with 12
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Kutak keeps third place Kutak Rock LLP remained number three, accounting for $11.75 billion , outpacing its $11.04 billion in deals it worked on in the same period last year. Norton nosedives Norton Rose Fulbright dropped from second to fourth, to $10.05 billion from $16.11 billion, as its market share fell to $3.8% from 6.8%.
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BRAZIL – 2019/09/11: In this photo illustration the Massachusetts Institute of Technology MIT logo is seen displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The coming decade, between 2020 and 2030, is when America gets old. A just-announced joint venture’s primary purpose is to fuse
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Contractors raise a wall while working on a new home under construction in Dublin, California. David Paul Morris | Bloomberg | Getty Images U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales. Builder confidence in the single-family market jumped three points in October to 71 on the National
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Note: This report was released to members 2 weeks ago. Weekly Closed-End Fund Roundup The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently concluded or upcoming corporate actions on
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Option Basics: -Options are contracts -You pay a premium for them -You are able to buy or sell stock -1 option = 100 shares -They expire the third Friday of the month you purchase them for -Strike price = expiration price -You pay a premium -The option gets traded and sold versus the stock -Most
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Managing your money and the risk attached to investing it is one of the basics in trading. One that is often overlooked by traders. It’s not only about guessing the right direction, identifying the right support and resistance levels and timing but also about measuring confidence and taking into account targets and capabilities. David goes
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One of Thomas Cook’s most valuable assets — its take-off and landing slots at London’s Gatwick airport — has attracted bids from several rival airlines ahead of an initial deadline. The 178-year-old travel company’s airport slots are expected to trigger a bidding war, with offers received from carriers including easyJet, IAG, the owner of British
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The company that holds the store leases of camera retailer Jessops has filed for administration in a bid to restructure its obligations and cut its outgoings, according to people briefed on the matter. JR Prop manages the leases for Jessops under a structure similar to that used by the sub-brands of fashion retailer Arcadia. It
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The demise of Neil Woodford’s investment empire marks a watershed in the history of UK fund management. After being fired as manager of the flagship Woodford Equity Income Fund on Monday by its administrator, the ex-star manager quit the two remaining funds that bear his name. Few investors will be as trusting again in the
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Negotiators in Brussels were racing to settle the terms of a revised Brexit deal on Wednesday, as Boris Johnson battled to win support from Northern Ireland’s Democratic Unionist party and hardline Eurosceptic Conservative MPs. By early evening EU and UK negotiators in Brussels had managed to resolve their differences on a host of issues related to the Irish border
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