President Trump’s initiative to cut spending by 5 percent across his Cabinet’s departments would likely provide a solid boost to the economy and Wall Street, according to Moody’s Managing Director John Lonski.“The markets would love this, my goodness,” he said on Thursday during an interview with FOX Business’ Stuart Varney. “Treasury bond yields would drop. […]

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A boycott of Harley-Davidson encouraged by President Donald Trump seems to be having a significant impact on the iconic motorcycle manufacturer.Harley sales already had slipped 8.7 percent in the first half of 2018 while its main American competitor, Polaris and its Indian brand, saw a 4 percent gain, according to industry analyst Gerrick L. Johnson […]

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Stocks fell sharply on Thursday, adding to already steep losses for the month of October.The Dow Jones Industrial Average dropped 327.23 points to 25,379.45, led by declines in Caterpillar. The S&P 500 fell 1.4 percent to 2,768.78 as the consumer discretionary and tech sectors lagged. The Nasdaq Composite pulled back 2.1 percent to close at […]

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A recent study by recruiting site Glassdoor published Oct. 18 found that crypto and blockchain-related job opportunities significantly increased in the U.S. this year, despite the slump in cryptocurrency prices.In the course of its analysis, Glassdoor examined a large number of online U.S. job postings on their site containing keywords related to blockchain, Bitcoin (BTC) […]

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Despite the bearish pressure on coin prices, many projects continue to progress well, hitting development milestones, releasing working products and building partnerships that can help grow the adoption of blockchain in the long term.As we roll into the last quarter of 2018, it’s time to take stock of the happenings and developments in the cryptocurrency […]

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Endocyte, a US cancer-treatment provider, exploded 50% early Thursday after announcing it has reached a deal to be acquired by the Swiss drug maker Novartis.Under the agreement, Novartis will acquire all outstanding shares of Endocyte common stock for $24 apiece —totaling $2.1 billion — in cash. The offer represents a premium of 54% to Endocyte’s […]

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The United States is the most globally competitive nation in the world for the first time since the 2008-2009 global financial crisis, according to a new report.Singapore, Germany, Switzerland, and Japan rounded out the top five.The latest Global Competitiveness Report, conducted by the World Economic Forum, uses a new methodology that aims to better account […]

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Last year, I bought a piece of what Apple was calling the future. It felt half-baked.Apple announced the iPhone X in grand style last September, at its brand-new campus in a theater named after its late founder, Steve Jobs. Current CEO Tim Cook described the phone as the “future” of the smartphone for Apple. He’s […]

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It’s amazing how quickly things can change. Exactly a week ago, we wondered if Saudi Arabia’s money might finally become radioactive in light of the disappearance of Saudi journalist and Washington Post columnist Jamal Khashoggi. Almost no one we reached for comment wanted to participate in the story, though behind the scenes, we heard the same things from […]

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If there’s money to be made in the crypto markets, you can bet traders will be the first on the scene.Such was the case at least last week, when Coinbase Pro, the cryptocurrency trading platform operated by San Francisco startup Coinbase, announced it would list the cryptocurrency 0x (ZRX), a move that put the “Coinbase […]

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