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Tencent-backed Maoyan Trades Lower in Hong Kong Stock Debut By Investing.com

© Reuters. Investing.com – Beijing-based movie ticketing app Maoyan Entertainment traded lower in its Hong Kong debut stock on Monday. Shares in Maoyan fell as much as 3% earlier in the day, after opening near flat at HK$14.82. Chinese internet giant Tencent Holdings Ltd (HK:) is Maoyan’s second-largest shareholder, owning …

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Apple’s stock could soar if it bundles media: Morgan Stanley

Apple has made quite a comeback since it reported better-than-feared earnings, but many investors have little faith that the iPhone-maker can return to a $1 trillion market value with slowing smartphone demand. Morgan Stanley, however, disagrees. In fact, the bank said life beyond iPhone could extend this week’s 7 percent …

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Intel stock sinks after the chipmaker names Robert Swan as CEO

Intel’s stock slid Thursday after the chipmaker named interim CEO Robert Swan to the position permanently, ending a months-long search following the ouster of Brian Krzanich for what it called a “consensual relationship” with an employee. Swan, 58, has been interim CEO for seven months and chief financial officer since …

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Wall Street surge provides relief to battered stock markets By Reuters

© Reuters. Pedestrians talk in front of an electronic board showing Nikkei share average outside a brokerage in Tokyo By Daniel Leussink TOKYO (Reuters) – Asian shares on Thursday rode a dramatic surge on Wall Street as markets, hammered by a recent drum roll of deepening political and economic gloom, …

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Why ugly stock market is very bad news for California’s finances

December’s ugly stock market is very bad news for California’s finances. That’s because the state’s top 1 percent of personal income tax earners — roughly 164,000 tax returns — generate about half of the personal income taxes in California. A good chunk of the income from the wealthy comes from …

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Nvidia is the worst performing S&P 500 stock this quarter

Nvidia’s rapid sell-off is a reminder of how much speculation went into its earlier run-up, when the company played squarely into the hype surrounding artificial intelligence. Researchers flocked to the company’s GPUs to accelerate the training of their complex models, and Nvidia sought to capitalize on the craze. Executives started …

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Stock market a casino now, but investors can still profit

Trading in the stock market nowadays — ruled by exchange-traded funds, index funds, computer trading and information overload — is like gambling, billionaire businessman and philanthropist Ken Langone told CNBC on Wednesday. “There’s a disconnect between what used to be yardstick by which you measure stocks: earnings, dividends and so …

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SoftBank mobile unit begins trading on Tokyo Stock Exchange

SoftBank will be replacing its Huawei hardware in its 4G network infrastructure over the next few years and using equipment from Ericsson and Nokia instead, according to Japan’s Nikkei Asian Review. It is also expected to place orders with the two European companies for its 5G networks, the Nikkei reported. …

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Four things need to happen for the stock market to bottom

Four things need to occur for the stock market to break out of its downtrend, CNBC’s Jim Cramer said as stocks plunged in Monday’s trading session on worries about an expected interest rate hike from the Federal Reserve. “Now that pretty much everything’s in bear market territory, maybe in a …

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