Business

Bitcoin ‘bubblish,’ blockchain attractive: China Renaissance’s Fan Bao

Bitcoin is usually not as attractive as the distributed ledger technology which underpins the item, a Chinese investment banker has said. Fan Bao, CEO of investment bank China Renaissance, told CNBC Wednesday which the entire world’s biggest cryptocurrency was “getting a little bit bubblish.” “I think we have to separate bitcoin coming from the blockchain,” Bao said. “I think blockchain ...

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Modest slowdown in Las Vegas seen in October trends

A modest slowdown in high-end Asian travelers to Las Vegas following the Oct. 1 attack will be showing up in early business trends for October. “What we’ve seen just in terms of demand will be on the higher-end VIP gaming customers which confirmed kind of what Caesars has said,” John DeCree, an analyst at Union Gaming in Las Vegas, told ...

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Lower than forecast due to lower output in North America

“Net operating income was impacted by net impairment charges of $0.8 billion, mainly related to an unconventional onshore asset in North America of $0.9 billion, triggered by lower than expected production,” Statoil said in a statement. Statoil did not name the asset. Over the past year the company has been trying to turn around its operations in North America, which ...

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Sears can be bringing back its iconic holiday catalog

The nostalgia can be real. Sears just announced the idea’s bringing back its iconic holiday catalog, something the department store chain hasn’t done since 2011. This kind of year, Sears said the idea’s “reinvented” the 0-page gift guide, which includes holiday decor, home furnishings, games in addition to also toys, appliances, apparel, in addition to also more. There will also ...

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Nike shares jump as retailer lays out completely new growth targets

Nike shares jumped Wednesday as the sporting-goods retailer offered a glimpse at its sales expectations for the future. At its investor day in Portland, Oregon, Nike said of which expects earnings-per-share growth inside mid-teens over the next 5 years. The company added of which of which anticipates revenue growth inside high-single digits over the same period. Nike shares jumped more ...

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Morningstar shares tumble the most in 2 years on doubts about its rating system

Morningstar is actually tumbling after The Wall Street Journal slapped the Chicago, Illinois-based mutual fund rating company using a bad rating of its own. ‘MORN’ was trading down 4 percent Wednesday for its biggest drop in two years following a 4,000-word article within the Journal in which raised serious questions about the effectiveness of Morningstar’s coveted rating system. The Journal ...

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Airbus-Bombardier discussions ‘don’t change our plans’

David Ryder | Bloomberg | Getty Images Employees on a platform next to a Boeing 737 MAX 9 jetliner at the company’s manufacturing facility in Renton, Washington. Boeing’s CEO on Wednesday expressed confidence from the planemaker’s strategy along with also also said the Airbus-Bombardier partnership won’t change the company’s game plan. Last week, Europe’s Airbus announced a partnership with Canada’s ...

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GOP shouldn’t raid 401(k) retirement plans to fund tax cuts-commentary

According to a completely new analysis by the Employee Benefit Research Institute, workers contributing to their 401(k) accounts with earnings at every income level above $10,000, along with in every age group via 25 to 64, contribute more than $2,400, on average. Participants of all types with 401(k) plans will be affected by the Republican proposal. If Congress takes away ...

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Vistra Energy reportedly close to a deal to buy power producer Dynegy

Power producer Vistra Energy can be close to a deal to buy fellow Texas merchant generator Dynegy, the Wall Street Journal reported on Wednesday. Shares of Dynegy jumped to close up about 17 percent at $10.78. Vistra Energy ended trading at $20.32, up 3.8 percent. Talks to combine the two energy companies, reportedly from the works since May, could lead ...

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Buffalo Wild Wings Q3 earnings 2017

Shares of Buffalo Wild Wings on Wednesday jumped more than 20 percent in after-hours trading after the company posted higher-than-expected earnings for the third quarter. The restaurant chain also raised its earnings forecast for the year. the idea right now expects 2017 EPS, on an adjusted basis, to come in at $4.85 to $5.15. In July, the idea cut its ...

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