Tag: C&E Industry News Filter

Evidence of Nosedive Suggests Boeing Not at Fault in China Eastern Crash

Text size A passenger stands inside a terminal in front of a China Eastern plane at Shanghai Hongqiao International Airport. Qilai Shen / Bloomberg Boeing shares rose on news that the tragic crash of a 737-800 operated by China Eastern Airlines probably wasn’t caused by a plane malfunction. The Wall Street Journal, citing US officials,…

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Mark Mobius sees bitcoin plunging to $ 10k: ‘Buy the dip will not work’

Veteran emerging markets investor Mark Mobius has warned investors not to “buy the dip” following the latest crash in bitcoin’s price, predicting a meltdown in the crypto market could drive its price to as low as $ 10,000 in the coming months. Bitcoin has suffered huge losses over the past week, plummeting by as much…

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Raymond James boss Paul Reilly bets big on the UK: ‘I do not have a cap on the number of hires’

It is June 2016. The UK votes to leave the EU. Reports predict thousands of job losses and a severe decline in the City of London. That’s when bosses at Raymond James began the company’s push into European investment banking. Some questioned whether the US mid-market specialist’s foray into the UK and Europe would last.…

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Too many crypto transactions are fraudulent, Starling CEO Anne Boden warns

The City should be wary of cryptocurrencies, the chief executive of Starling Bank said. “Too many transactions that go into crypto exchanges are fraudulent, and until the industry puts in more and more controls … we all have to be wary of that space,” Anne Boden told Financial News at the City Week annual conference…

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Stocks Are Way Down. They’re Still Expensive.

US stocks are off to their worst start to a year in more than a half-century. By some measures, they still look expensive. Wall Street often uses the ratio of a company’s share price to its earnings as a measuring stick for whether a stock appears cheap or pricey. By that metric, the market as…

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Coinbase Earnings Reveal Large Loss, Zinc Stock

Text size Coinbase reported a loss of $ 1.98 a share on sales of $ 1.165 billion. Michael Nagle / Bloomberg Coinbase Global stock was tumbling after the Bitcoin broker reported a larger-than-expected loss. Coinbase shares fell 14% in after-hours trading on Tuesday, after dropping 12.6% ahead of the earnings report. Coinbase stock is down…

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