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There were many positive aspects to General Electric’s (NYSE: GE) second quarter results, reported on July 20, and GE stock continues to have multiple, positive, strong longer-term catalysts. Investors should definitely buy GE stock. Power Business Showing Green Shoots The company’s struggling Power business, its largest unit by revenue, beat expectations in the second quarter
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Earnings season, for the most part, has been outstanding. Companies are almost always beating numbers and at least maintaining or raising guidance for the full year. There are a few companies complaining about higher dollar and commodity costs (Illinois Tool Works, Kimberly Clark), but they are the minority. But that rosy outlook changed Monday night,
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Shutterstock San Francisco-based Bitwise Asset Management has filed a registration statement for a publicly-offered cryptocurrency index ETF with the Securities and Exchange Commission. The company said in a statement that the new ETF will track the returns of Bitwise’s market-cap-weighted index of the 10 largest cryptocurrencies, the HOLD 10 Index. It is intended to serve both
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Remember the start-of year predictions on 2018’s potential systemic shocks to the financial markets? Brexit, algorithmic trading, North Korea, cryptocurrencies, climate change and state-sponsored cyber warfare topped the list. Wall Street is holding up and Summer’s here: none of the above came to materially affect the stock markets. Either all is well, and the rest
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Check out the companies making headlines after the bell: Shares of Google’s parent company Alphabet shot up more than 3 percent in extended-hours trading. The company beat analysts’ earnings estimates for its second quarter, posting $11.75 per share versus the $9.59 that was expected. Alphabet also beat analysts’ revenue expectations, generating $32.66 billion versus the
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Orlando International is now scanning all international arrivals/departures. This could escalate the surveillance state in a big way. Artificial Intelligence (AI) can create $3.5T to $5.8T in value for stakeholders. Americans think they are immune to the prying eyes of government. That is simply not true . In June, the Associated Press ran a story about the Orlando International
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