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Wall Street

New plot twist in Eric Watson show as associates plead guilty to insider trading

By Bevan Hurley From Stuff.NZ One was a Cayman Island-based stockbroker and film producer whose credits include the little known crime-comedy Badass Thieves. The other was a search engine expert who ran financial websites promoting supposedly savvy share tips. Now both Oliver…

Hong Kong protests cripple airport for second day

From BBC Hong Kong International Airport saw chaotic scenes on a second consecutive day of massive anti-government protests that have paralysed one of Asia’s key transport hubs. Squads of riot police arrived shortly before midnight after thousands of demonstrators again…

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With so much late-stage money available, why are tech companies going public now?

By Ajay Chopra From TechCrunch Ringing the Nasdaq market bell was the thrill of a lifetime — both when I did it as a founder and also vicariously as a VC via my incredible founders who have taken their companies…

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CNBC: Buffett loses nearly $4 billion as Apple stock tanks

From Newsmax Warren Buffett’s Berkshire Hathaway lost more than $3.5 billion on Friday as Apple’s stock headed for its worst day on Wall Street in more than four years. In late trading, Apple stock (AAPL) was down $15.84, or 7.1…

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Netflix posts impressive earnings as subscriber base jumps by 7 million

By Yoni Heisler From BGR Following the close of trading today, Netflix posted its earnings report for the September quarter and easily bested analyst expectations. During the latest quarter, Netflix generated $4 billion in revenue with an EPS of $0.89….

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Tesla surges after Elon Musk follows up a $2 billion investment report with a tweet saying he might take the company private (TSLA)

By Graham Rapier From Business Insider Tesla spiked more than 7% Tuesday after the Financial Times reported Saudi Arabia’s investment fund had amassed a $2 billion stake in the company. CEO Elon Musk tweeted shortly after that he was “considering…

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Next Goldman CEO to take on old problems, new businesses

From Newsmax Goldman Sachs Group Inc. named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones. Solomon’s promotion from…

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Millennials are ditching Tesla shares faster than any other company

By Graham Rapier From Business Insider More than 5,000 investors on Robinhood ditched Tesla this week. The selloff mirrors a decline in the stock’s price in recent months. Tesla is up 10% this week following the company’s annual meeting. Until…

Bloomberg View: Stock plunge could hasten state pension collapses

By Aaron Brown, Bloomberg View From Newsmax Warnings about looming public pension disasters have regularly cropped up since the 1950s, pointing to problems 25 years or more down the line. To politicians and union leaders, the troubles were someone else’s…

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WSJ: FBI’s McCabe held off on Hillary email news for weeks

Text messages show FBI Deputy Director Andrew McCabe knew about emails potentially related to an investigation of Hillary Clinton by Sept. 28, 2016, The Wall Street Journal reported Wednesday. Then-FBI Director James Comey informed Congress about them Oct. 28, 11 days…