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Day: April 19, 2018

Protectionism is short-term and we don’t like that, Brazil’s finance chief says

Even if protectionism brings some short-term gains, Brazil is against it and is instead looking to boost its trade ties across the world, the country’s finance minister told CNBC on Thursday. “Although we could even benefit from one specific situation what we, for us, for an economy like Brazil, who wants to have more commercial …

Protectionism is short-term and we don’t like that, Brazil’s finance chief saysRead More

JP Morgan reportedly had to oust a security chief backed by Palantir after executives found out he was spying on them

J.P. Morgan Chase reportedly ousted its “special operations” head after learning that his insider security group had started spying on the bank’s top executives. With the help of more than 100 engineers from the data mining company Palantir, Peter Cavicchia III collected emails, browser histories and GPS locations from company phones, as well as transcripts …

JP Morgan reportedly had to oust a security chief backed by Palantir after executives found out he was spying on themRead More

Bitcoin ‘miners’ are losing money at any price below $8,600: Morgan Stanley

If bitcoin can’t recover $8,600 soon, bitcoin “miners” will likely find it unprofitable to keep creating the cryptocurrency, Morgan Stanley analysts said. Bitcoin traded slightly higher near $8,200 on Thursday, according to CoinDesk. It has struggled to recover in the last few months after tumbling from a record high above $19,000 in mid-December. “We estimate …

Bitcoin ‘miners’ are losing money at any price below $8,600: Morgan StanleyRead More

Clorox shares drop 6% after Morgan Stanley downgrades, says consumers shifting to smaller brands

Shares of Clorox fell 6 percent on Thursday after Morgan Stanley downgraded the stock, noting the company is face strong headwinds. Dara Mohsenian, an analyst at the investment bank, cut his rating on Clorox to underweight from equal weight and slashed his price target to $116 a share from $128. Mohsenian’s new price target implies …

Clorox shares drop 6% after Morgan Stanley downgrades, says consumers shifting to smaller brandsRead More