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Check out the companies making headlines after the bell: Shares of Facebook plummeted more than 20 percent in after-hours trading. The social media giant reported mixed second-quarter results on Wednesday. It beat on earnings, posting $1.74 per share versus the $1.72 that was expected. But Facebook missed on revenue, generating $13.23 billion versus $13.36 billion
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Senators Elizabeth Warren (D-Mass) and Bernie Sanders (I-VT) have introduced a new bill that would essentially wipe out tens of billions of dollars of Puerto Rico’s $73 billion in outstanding debt. The proposed legislation entitled the “U.S. Territorial Relief Act of 2018,” which counts Sen. Kirsten Gillibrand (D-NY), Edward J. Markey (D-Mass.), and Kamala Harris
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A once-reliable indicator of future recessions may be broken. The metric in question is the so-called treasury yield-curve which measures the difference in the cost of the government borrowing for two years and the cost of the government borrowing for 10 years. In the past, when the two-year interest rate on U.S. Treasuries was higher than
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25 July 2018, Berlin, Germany: At temperatures around 29 degrees Celsius a dog of the breed Retriever refreshes itself at a lawn irrigation system in the zoo. According to the meteorologists, the mercury column will continue to rise in the coming days and will rise well above the 30 degrees mark. Photo: Wolfgang Kumm/dpa (Photo
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If you did any amount of discretionary shopping in recent years, chances are, you did it through Amazon (NASDAQ:AMZN). The e-commerce giant has single-handedly sparked a paradigm shift in the consumer market, in turn, it has sunk multiple retail stocks. So dominant is the company that market observers have coined the term “Amazon effect.” The
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Bitcoin on Tuesday surged above the $8,000 mark for the first time since May, giving renewed hope to cryptocurrency bulls looking for strength from the market’s bellwether coin. Source: Shutterstock Bitcoin’s latest surge comes shortly after a positive stretch of trading which was inspired by encouraging regulatory development around the world, as well as news
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