With oil prices plummeting, energy-producing states of the Southwest face another economic rollercoaster less than six years after the last collapse. Futures prices on West Texas Intermediate Crude fell more than 25% Sunday night to below $33 per barrel after Russia refused to support a production cut by the Organization of Petroleum Exporting Countries, or
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We recently featured a fund with holdings that don’t align with its stated stock-picking methodology. These findings are based on our analysis of fund holdings, which drive our overall mutual fund ratings. This week we feature a fund that successfully executes a superior stock-picking methodology: Fidelity SAI U.S. Quality Index (FUQIX) is this week’s Long
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A pedestrian carries a Nordstrom shopping bag in Chicago. Christopher Dilts | Bloomberg | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the fashion retailer dipped 8% in extended trading after the company missed analysts’ expectations on both earnings and revenue for the fourth quarter. The company reported earnings
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Source: Leidos A government contractor Stifel deemed “The Terminator” could be one of the best bets to lead the market back after the coronavirus sell-off, according to Wall Street analysts.  Analysts have been getting behind Leidos as the outbreak has spread around the world. In the last three weeks, Wells Fargo and Stifel upgraded the stock to
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BitGo, one of the largest and oldest custodians for digital assets, is joining the fast-growing business of lending out bitcoin and other cryptocurrencies to big investors. The Palo Alto-based company announced Thursday it is now offering institutional digital asset lending services.  Founded in 2013 by CEO Mike Belshe, BitGo started testing the new service a
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American clothing and accessories retailer American Eagle store seen in Tokyo. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | SOPA Images | Light Rocket | Getty Images Check out the companies making headlines after the bell. American Eagle Outfitters — The clothing retailer’s stock was up 5% in extended trading after the company
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Illinois Gov. J.B. Pritzker’s proposed budget makes some modest progress in the right fiscal direction if voters allow the state to move to a progressive income tax structure, S&P Global Ratings said. S&P “considers the Illinois governor’s fiscal 2021 budget proposal a step toward improving structural balance, building liquidity, and addressing pension liabilities, although it
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ETF Overview The Vanguard Industrials ETF (NYSEARCA:VIS) owns a portfolio of U.S. industrial stocks. The ETF basically tracks the performance of the MSCI US Investable Market Industrials 25/50 Index. The fund has delivered an excellent 257% total return in the past 10 years. Stocks in VIS’s portfolio are those with competitive advantages. While we are
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Controversy continues to surround Ripple’s XRP token, and the company’s incentivizing of partners to start using its cross-border payment solution has flooded the crypto’s market supply. However, despite all this uncertainty surrounding XRP, one analyst thinks that the cryptocurrency is bound for a huge upswing. Ripple Paid Moneygram to Use Its Cross-Border Remittance Service Over
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GrainChain, a commodities tracing platform that uses smart contracts to open up liquidity for low-income farmers, has raised $8.2 million in its latest funding round, the company announced Friday. Luis Macias said the money will bolster GrainChain’s burgeoning operations in Mexico, Honduras and the southwest United States. “This funding is really going to allow us
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A visitor holding a revolver by US manufacturer Smith & Wesson (S&W) at the IWA OutdoorClassics trade show for hunting, shooting sports, equipment for outdoor activities and for civilian and official security applications. Daniel Karmann | picture alliance | Getty Images Check out the companies making headlines after the bell. American Outdoor Brands — The gun
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