The “Fast Money” traders shared their first moves for the market open. Brian Kelly was a buyer of the Long-Term Bond ETF. Karen Finerman was a buyer of Anthem. Dan Suzuki was a buyer of the Health Care ETF. Guy Adami was a buyer of Wynn Resorts. Trader disclosure: Brian Kelly is long Bitcoin, Litecoin
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This is breaking news. Please check back for updates. Canadian marijuana grower Canopy Growth announced Thursday a $3.4 billion deal to acquire Acreage Holdings after cannabis has been legalized in the United States. “Today we announce a complex transaction with a simple objective. Our right to acquire Acreage secures our entrance strategy into the United
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American Express on Thursday reported lower earnings in the first quarter but earnings per share beat estimates. The New York-based company said it had net income of $1.55 billion, or $1.80 per share. Earnings, adjusted for non-recurring costs, came to $2.01 per share. The results surpassed Wall Street expectations. The average estimate of eight analysts
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In New York City, home to our nation’s financial markets, a staggering 74 percent of its students are considered economically disadvantaged. They are parallel worlds, a few miles apart and largely invisible to one another. This is an increasing challenge across our country: How do we build a path to economic mobility for more of
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Consumer goods group Unilever reported stronger than expected quarterly underlying sales growth, helped by higher prices and volume, and strength in emerging markets. The maker of Dove soap and Ben & Jerry’s ice cream also on Thursday stood by its outlook for the full year, which calls for underlying sales growth in the lower half
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The release of special counsel Robert Mueller’s report is unlikely to change the growing sense in markets that President Donald Trump can win reelection if the economy remains solid, analysts say. A redacted version of Mueller’s report is expected to be released Thursday morning, and it should add context to the four-page summary released last
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Federal Reserve Chairman Jerome Powell isn’t the only market player who may be guilty of a little capitulation. Millionaire investors began 2019 with major reservations about the stock market, but as the Federal Reserve‘s abrupt December about-face on interest rates takes hold as the new normal in monetary policy, the wealthy have decided that the
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Morgan Stanley posted profit and revenue that exceeded analysts’ expectations on better-than-expected results in wealth management and fixed-income trading. The bank generated $2.4 billion in first-quarter profit, or $1.39 per share, according to a Wednesday release, compared with the $1.17 estimate of analysts surveyed by Refinitiv. Morgan Stanley’s revenues of $10.3 billion beat the $9.94
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