Finance

Shareholders at Gullane Capital Partners are betting on a comeback for maternity apparel retailer Destination Maternity. While it hasn’t been exactly rosy for the company — with sales weighed down by challenges so far, and a slow entry into e-commerce, Trip Miller, managing partner of Gullane Capital Partners, believes that things are looking up. “There’s
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Jitters over U.S.-China trade tensions might have spooked markets earlier this year, but that doesn’t mean investors should shy away from mainland Chinese assets, Mark Matthews, head of Asia research at Bank Julius Baer, told CNBC on Wednesday. “I think people should own China, absolutely,” Matthews told CNBC’s Sri Jegarajah. For starters, the size of
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BP has invested $20 million in Israel’s StoreDot, a start-up that claims its batteries can charge electrics cars in five minutes. The oil giant said Tuesday that its venture capital arm BP Ventures was investing in the Tel Aviv-based firm as it looks to reduce greenhouse gas emissions in its operations. “Ultra-fast charging is at
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Cryptocurrencies mirror some of the most famous failed currency experiments throughout history, according to Nobel-winning economist Robert Shiller. Enthusiasm around the thousands of existing cryptocurrencies, including bitcoin, remains strong despite warnings from investors such as Warren Buffett that they’re worthless. That mania and attempts to launch new units of money have existed in different forms
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It’s finally happening. More than 16 years after the World Trade Center tragedy, a major component of the rebuilt WTC site is getting ready to open. 3 World Trade Center will be opening in early June, with lead tenants including music streaming firm Spotify and advertising giant GroupM. It will join 1 and 4 World
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“The number one and two merchants we see in the Cash app are Walmart and McDonalds,” said Dorsey, who is also the CEO of Twitter. “This is everyday usage.” Nomura analyst Dan Dolev told CNBC the banking opportunity is “huge” for Square, and that likely isn’t priced to the stock. “Square could become a one-stop
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Nordstrom‘s stock plunged 7 percent in Friday’s premarket after the company reported disappointing quarterly sales growth. The Seattle-based retailer said same-store sales — a key metric for retail companies — rose 0.6 percent in the first quarter from the year-earlier period. Analysts polled by StreetAccount expected an increase of 1.1 percent. Atlantic Equities analyst Daniela
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Crypto trader Ran Neu-Ner told CNBC that the U.S. Securities and Exchange Commission needs to establish ICO (initial coin offerings) regulations — or risk stifling an entire American industry. “My fear is that the U.S.A. may actually be falling behind,” Neu-Ner said on “Fast Money” Thursday evening. Neu-Ner, who is host of CNBC Africa’s “Crypto
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Investors have sent $1 billion into digital coin projects that flash warning signs for fraud, The Wall Street Journal reported Thursday, citing its own analysis. In a review of 1,450 digital coin offerings, the Journal said it found 271 bore red flags such as plagiarized documents or fake executive information. Investors have already claimed losses
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“So it’s basically like an air bubble under the carpet,” he said. “Once you press down on one side of the carpet the air bubble moves to the other.” The situation surrounding terrorist financing is less of a concern, according to the report, which described Hong Kong as having a “medium-low” risk level. The report
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Interest rates in the U.S. are at levels not seen in years and that could have massive ramifications across different financial markets, especially for gold, MKM Partners’ Michael Darda warned on Wednesday. The benchmark 10-year Treasury note yield rose to its highest level since 2011 this week, while the two-year note yield trades at a
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