Argentina clinches $50 billion International Monetary Fund financing deal
Argentina and the International Monetary Fund have reached an agreement for a three-year, $50 billion standby arrangement, subject to IMF board approval, the government and the Fund said on Thursday. Argentina requested IMF assistance on May 8 after its peso...
Dennis Rodman’s trip to the North Korea summit may be funded by an obscure cryptocurrency used to buy marijuana
If former basketball star and de facto diplomat Dennis Rodman travels to Singapore next week for a summit between North Korea and the United States, a cryptocurrency company that lets you buy marijuana may be footing the bill. Rodman’s agent...
Dennis Rodman will attend the North Korea summit, and an obscure cryptocurrency used to buy marijuana is paying for it
Former basketball star and de facto diplomat Dennis Rodman will travel to Singapore next week for a summit between North Korea and the United States, and a cryptocurrency company that lets you buy marijuana is footing the bill. “Thanks to...
White House analysis says Trump’s tariffs will hurt US economic growth: NYT
The White House Council of Economic Advisors has concluded that President Donald Trump’s tariffs will hurt economic growth in the United States, according to The New York Times, citing several people familiar with the research. The findings of the analysis,...
Value investor Bob Olstein: Quarterly earnings estimates by companies should be ‘illegal’
Noted value investor Bob Olstein is 100 percent behind the call by Warren Buffett and Jamie Dimon to end quarterly earnings guidance by companies. “They should make it illegal to make specific quarterly earnings estimates. It leads to nothing that...
Going it alone: China government orders farmers to increase soybean acreage
One central Chinese province has ordered its farmers to more than double their soybean acreage, amid a trade dispute with the U.S. and Beijing’s push to reduce reliance on exports. The agriculture department of Henan, which lies about 450 miles...
After-hours buzz: DOCU, ZUMZ & more
Check out the companies making headlines after the bell: DocuSign shares jumped as much as 10 percent in extended trading. The electronic signature company reported strong results in its first earnings statement as a public company, beating analyst expectations and...
NYSE comes out swinging in SEC pricing test, pitting itself against major pensions and fund managers
The New York Stock Exchange finds itself at odds with major pensions and some of the world’s biggest asset managers in a fight to preserve a big way exchanges attract business. At issue is the Securities and Exchange Commission’s plan...
Wall Street veteran Byron Wien doesn’t see a recession until at least 2021
There won’t be another recession until at least 2021, Wall Street veteran Byron Wien told CNBC on Thursday, betting the current economic expansion would last longer than what a group of top business economists recently predicted. “There isn’t a recession...
Procter & Gamble shares rise after activist Peltz says his reorganization plan under ‘very serious consideration’
Shares of Procter & Gamble rose 2 percent Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction. “It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G...
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