Denver money manager Fred Taylor of Northstar Investment Advisors. Source: Northstar Investment Advisors Managing investments in a year fraught with headline risks requires a sound strategy and the conviction to stand by it, but also the flexibility to take advantage of fast-changing market conditions. Denver money manager Fred Taylor has long focused on companies that
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Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, first climbing about 4% immediately after the market close before slipping and settling about 1.4% below the closing price following the company’s third-quarter earnings
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The Norman Lykes House sits on the edge of the Phoenix Mountains Preserve. Heritage Auctions, HA.com Frank Lloyd Wright’s final residential masterpiece, the Norman Lykes House, sold for  $1,677,500, at a public auction October 16 in Phoenix. Nicknamed the Circular Sun House, the iconic contemporary home was auctioned off by Heritage Auctions with no minimum
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A woman enters the WeWork Cos. Iceberg co-working space in Tokyo, Japan. Keith Bedford | Bloomberg | Getty Images Last year WeWork boasted of becoming the biggest private tenant in Manhattan, London and Washington, D.C. Those feats have now become an albatross, and WeWork’s biggest investor, SoftBank, is scrambling to keep the co-working space provider
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Check out the companies making headlines before the bell: American Express – The financial services giant earned $2.08 per share for the third quarter, 5 cents a share above estimates. Revenue also came in above analysts’ forecast. American Express also forecast current-quarter revenue growth of 8% to 10%, compared to a consensus estimate of 8.9%.
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Binance’s futures exchange is raising leverage to 125x with the launch of bitcoin (BTC)/tether (USDT) contracts today. The cryptocurrency exchange first announced its futures platform in early July, at the time hinting it would allow 20x leverage. Now, futures traders can now choose leveraged positions between 1x and 125x, it said Friday. “We have seen an increase
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Once seven stories tall, the Queen Anne Winchester Mystery House has been whittled down to three … [+] stories. (Photo by: Education Images/Citizens of the Planet/Universal Images Group via Getty Images) Universal Images Group via Getty Images After her husband died in 1881, Sarah Lockwood Pardee Winchester was one of the wealthiest people in the
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BondWave LLC is making enhancements to its Engine for Fixed Income platform, expanding content and functionality for its users. The firm said the upgrades to its Effi platform offer users new levels of transparency and insights by using data science and emerging technology. BondWave LLC is an Illinois-based financial technology company that specializes in fixed
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Investment bankers are not the only ones that can benefit from merger arbitrage. Often considered a sophisticated hedge fund strategy, merger arbitrage involves simultaneously purchasing and selling the stocks of two merging companies to create limited market-neutral profits. A merger arbitrageur reviews the probability of a merger not closing on time or at all, and
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Goldman Sachs CEO David Solomon said Thursday that the company is just starting to build out its consumer-facing digital banking offerings. “We’re building for the long term. I feel good about the progress that we’re making,” the Goldman chief said in an interview with CNBC’s Wilfred Frost. “I think we’re in the early stages of
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Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley Check out the companies making headlines in midday trading: Netflix – Shares of the streaming service rose 3.4% after Netflix reported mixed third-quarter earnings results, beating Wall Street’s expectation for earnings and international subscriber growth but just missing on both revenue and domestic subscriber growth.
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