Check out the companies making headlines in the premarket: Illumina — Shares of the biotechnology company dropped 15% after Illumina reported preliminary revenue figures that disappointed investors. The company sees second-quarter sales coming in around $835 million. Analysts polled by Refinitiv expected revenue of $887.9 million. Zoom Video Communications, Slack Technologies — Zoom and Slack
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CHICAGO — The judge overseeing Preston Hollow Capital LLC’s lawsuit accusing Nuveen Investments of bullying banks to boycott the private lender dropped a defamation claim against the investment behemoth. Delaware Chancery Court Vice Chancellor Sam Glasscock III’s ruling during a hearing Thursday follows his May decision to drop one count of tortious interference with a
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Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency. “We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday. Tyler added that in their view, Libra is a harbinger of cryptos to come:
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Check out the companies making headlines in midday trading: Johnson & Johnson — Shares of the pharmaceutical and consumer goods company fell 4% after Bloomberg News reported that the U.S. Justice Department is launching a criminal investigation into whether or not the company lied to the public about potential cancer risks in its talcum baby
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In this article, we examine the significant weekly order flow and market structure developments driving XLF price action. The highest probability path for this week, based on market structure, was for price discovery higher. This primary expectation did not play out as balance developed early week before rotation higher to test key resistance ahead of
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Metropolitan Commercial Bank maintained accounts for stablecoin issuer Tether and affiliated companies for less than half a year before shutting them down, a spokesperson told CoinDesk. The New York Attorney General (NYAG)’s office, which is embroiled in a legal battle with Tether and its sister company, crypto exchange Bitfinex, filed new documentation Monday showing that Tether
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U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters Citigroup kicks off earnings season on Monday. Traders enter with a singular focus on company guidance. Bears believe second-half guidance will be cautious and lower than expected
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A Tokyo-based cryptocurrency exchange called Bitpoint has suspended operations after it lost $32 million to a hacking last night. The company that runs the exchange, Remixpoint, discovered that ¥3.5 billion worth of various digital currencies had disappeared under its management. Bitpoint Hacked and Suspends Operations According to the exchange, the funds went missing from a
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Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C.,  on Thursday, July 11, 2019. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell echoed what most in the homebuilding industry have been complaining about all year. While the nation sinks into a severe
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