Month: September 2018

Floods are the nation’s most common and costly natural disaster. Yet, standard homeowners and renters insurance policies specifically don’t cover that. “Your homeowners policy will cover water damage if water came from above,” said Jason Hargraves, managing editor of insuranceQuotes.com. “If your house is damaged from water that comes from the ground up, you’ll need
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“What are you doing here?” a young engineering student asked Vipin Mayar, the head of artificial intelligence initiatives at Fidelity Investments, at a MIT conference in San Francisco. As Mayar recalled, “They were all just… surprised.” Fidelity executives are getting used to the confused looks and double-takes their company booth draws at Silicon Valley job
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Facebook discovered a security issue that allowed hackers to access information that could have let them take over around 50 million accounts, the company announced on Friday. “This is a very serious security issue, and we’re taking it very seriously,” said CEO Mark Zuckerberg said on a call with reporters. Facebook, which was already trading
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If you haven’t visited a college campus, secondhand store or seen “Crazy Rich Asians,” in which one of the central characters possesses a Jamba Juice freebie card, you may not have heard: Thrift is cool. In hospitality, that spirit has worked its way from Airbnb mania to spinoff hotel brands and independent properties that promise
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Nvidia shares will soar due to the company’s booming chip sales in key high-growth technology markets, according to Evercore ISI. The research firm reiterated its outperform rating and increased its price target for Nvidia shares to $400 from $300, representing 50 percent upside to Thursday’s closing price. It is the highest target out of the
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Penny stocks are no longer welcome at Bank of America‘s Merrill Lynch brokerage. The company recently told clients that it was changing its trading policy regarding penny stocks, typically shares of tiny and unknown companies that trade over-the-counter for less than $5 each, according to people with direct knowledge of the move. The bank’s Merrill
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BlackBerry reported quarterly profit above Wall Street’s estimates on Friday, as lower expenses helped offset a drop in its enterprise software and services revenue. U.S.-listed shares of the company were up 2.7 percent premarket. BlackBerry, which dominated the smartphone market nearly a decade ago before losing out to Apple’s iPhones and Android devices, has been
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Wall Street is buzzing over SEC’s civil action against Tesla CEO Elon Musk, predicting significant negative ramifications for the electric car market due to the announcement. Shares of the automaker are down 12 percent in Friday’s premarket session. The Securities and Exchange Commission sued Musk for fraud, according to court documents filed on Thursday. The
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The concept is as old as money itself. In uncertain times, it is wise to own gold. The precious metal “typically serves as a hedge against inflation or a weakening dollar,” Douglas Boneparth, a New York-based Certified Financial Planner and a CNBC contributor, said in an interview with “American Greed.” “It’s also used as a
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