Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines midday Tuesday: McDonald’s — Shares of McDonald’s dropped 2.3% after J.P. Morgan slashed its estimates for the fast-food chain’s same-store sales growth, a key metric for restaurants, to 5% from 6%. The bank cited softer-than-expected third-quarter earnings, based on conversations
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Inside Morningstar’s New York offices, where chief operating officer Michael Brawer is building a … [+] number of new products for blockchain-based securities. Michael del Castillo Credit ratings giant Morningstar is making a number of previously unknown moves into the burgeoning industry of assets issued on a blockchain. The rating agency that made its name
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New cases of Bitcoin fraud are back circulating the media. Back in May, the NYPD warned the public about Bitcoin scams, but that hasn’t stopped incidences of fraud from occurring. In the news this week, we have learned of two new Bitcoin fraud cases: one involves a Pennsylvania resident, and the other, interestingly enough, involves
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Axxcess Platform announced Tuesday it will deliver portfolio management technology for the HJ Sims private client wealth management team. HJ Sims is a privately held investment bank and wealth management firm; Axxcess is an asset management platform. “We are thrilled about partnering with HJ Sims to equip their team with our asset management solution to
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Crypto industry leaders are taking the initiative to help firms in the space avoid falling foul of securities rules. In a company blog post, Coinbase announced it’s co-founded the Crypto Rating Council, a member-only organization purposed with assisting cryptocurrency companies determine if they comply with current U.S. federal securities law. Coinbase is joined at launch by
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Vancouver, British Columbia–(Newsfile Corp. – September 30, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”) has released and filed its financial statements and MD&A for the nine months ended July 31, 2019. The Company is excited by these financial statements as they support what the Company has previously stated in its
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Fluor Corp., one of the nation’s largest players in public-private partnerships, aims to reduce risk exposure on infrastructure projects as it sells $1 billion of assets under a new strategic plan, officials said. “Fluor Corporation has had rough times in its 107-year history, but has always come through those and emerged stronger than before,” executive
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With high-yield safe-haven sectors like Utilities and Real Estate leading the market I thought it was time for me to take a peek at the CEF universe to see what kind of high-yield opportunities I could dig up. For this analysis, I have created a sampling of closed-end funds in four groups. Within each group,
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Nearly all top 10 alternative cryptocurrencies by Market Capitalization have hit their respective 6-month lows after bitcoin’s rapid price slide dragged the rest of the markets into the red on Tuesday. Litecoin (LTC), EOS (EOS), Binance Coin (BNB), and Stellar (XLM) dropped to their lowest point in over 6-month shortly after BTC’s major sell-off forced traders
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A prolonged Michigan budget battle would hit the state’s charter schools the hardest, according to S&P Global Ratings. The Republican-led Michigan legislature approved $59.9 billion in state spending in budget bills while axing a controversial 45-cents-a-gallon fuel tax hike proposed by Gov. Gretchen Whitmer, setting the stage for a budget battle. Charter schools are vulnerable
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Over the last week, shares of the ProShares K-1 Free Crude Oil Strategy ETF (OILK) have dropped in line with the larger moves of the crude markets with a fall of about 5%. It is my belief that this drop in the price of OILK represents a buying opportunity for investors in the ETF and
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Recent highly publicized flops by supposedly disruptive companies could be painting an unpleasant picture ahead for innovation, at least in how it’s viewed in the financial markets. Investors have turned thumbs-down on high-profile companies including WeWork, Uber and Tesla. Industries including marijuana, vaping and bitcoin all have seen big price drops following a spate of
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Troubled online retailer Overstock has invested $2 million USD in blockchain-based identity firm Evernym through its crypto division, Medici Ventures. Blockchain-Based Identity Technology Evernym was founded in Salt Lake City in 2013 and has developed a blockchain-based technology that allows organizations and governments to issue, accept, and verify credentials that operate similarly to a digital passport. Its
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