Check out the companies making headlines before the bell: PepsiCo – The beverage and snack giant reported adjusted quarterly profit of $1.49 per share, matching Street forecasts, while revenue beat estimates. However, PepsiCo also forecast an unexpected drop in full-year profit, due to a stronger dollar and increased investments. Deere – The heavy equipment maker
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According to Cointelegraph, Europe’s Banco Santander and tech behemoth IBM have announced an accord involving the IBM blockchain. The pair signed a $700 million USD deal aiming to increase Santander’s technological developments. The news was released yesterday via a press release. IBM Blockchain The deal is a five-year “global technology agreement” that will improve the bank’s services
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This Lakeside Container Cottage was designed by Christopher Bittner and is 720 sq. ft. in San Diego County CA. The exterior of the house is completely non-combustible because it is in a wildfire zone. Non-combustible exterior elements include dual pane-tempered exterior glass, Class A roofing materials, and fire sprinklers. Siding and soffit panels are cement
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Import prices were down 0.5% in January, well below the 0.2% decline expected and following a 1.0% decline in December, according to data released by the Bureau of Labor Statistics Friday. The data suggest import inflation growth is softening after declines in the last two months. The data set is likely to get more attention
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If you’ve stashed some cash in a savings account, this is your time to shine. Signs of rising inflation, which pushed the Fed into hiking rates beginning in 2015, are finally having a significant effect on the annual percentage yield banks pay consumers on their money. As a result of the increase, savings rates are
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Share to facebook Share to twitter Share to linkedin Excellence Group Chairman Li Wa, one of China’s richest real estate developers, is reportedly back at the company after he was taken away by authorities on Jan. 19 to assist with a government investigation. Li reappeared at work before the Chinese New Year holiday, Chinese-language China Business News reported on
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Business activity grew modestly in New York State in February, according to firms responding to the New York Federal Reserve’s Empire State Manufacturing Survey. The New York Fed said on Friday that the general business conditions index rose five points to 8.8. “Manufacturing firms in New York State reported that business activity grew, though like
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Money manager Douglas Gordon is worried about a potentially widespread problem in long-term investors’ portfolios. Gordon, who’s instrumental in building Russell Investments’ asset allocation strategies, believes many investors haven’t rebalanced their portfolios to reflect the historic 2019 stock market rally. According to Gordon, the market rally’s robust gains are tilting investors too far into stocks.
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Check out the companies making headlines midday Friday: XPO Logistics – XPO stock tanked a whopping 17 percent after the transportation company reported disappointing fourth-quarter results. Its earnings came in eight cents shy of estimates with adjusted quarterly profit of 72 cents per share, and the company’s revenue also fell short of expectations. XPO also
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Christopher Brookins is the founder of Pugilist Ventures, a quantitative crypto fund founded out of Carnegie Mellon. ———— In 2018, the ethereum network has been hobbled by delayed protocol upgrades, ICO boom hangover and the overall crypto winter. However, several fundamental indicators, which, in theory, should be indicative of positive price momentum, are pointing to
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U.S. factory production unexpectedly contracted in January, shrinking the most in eight months on weakness in the automotive sector and indicating a weak start to the year as headwinds including a trade war with China weighed on factories. Manufacturing output fell 0.9% after a downwardly revised 0.8% increase in the prior month, Federal Reserve data
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Canada’s largest crypto exchange Coinsquare has acquired the StellarX DEX according to a press release published yesterday. Under the terms of the agreement, StellarX will become a fully-owned subsidiary of Coinsquare and will now need regulatory approval to operate its service under the Coinsquare umbrella. Coinsquare Acquires StellarX Based in Bermuda, StellarX describes itself as “the first decentralized crypto platform
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Developers and speculators — who bought property on the promise of Amazon‘s planned New York City headquarters — are “freaking out,” now that the e-commerce giant pulled out of the deal due to local opposition, luxury real estate agent Ryan Serhant told CNBC on Friday. “Was I dumbfounded that New York politicians were going to
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