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Facebook shares have surged nearly 44 percent this year, but some traders appear to be pumping the brakes on the stock ahead of earnings Wednesday afternoon. “Over the past five days, Facebook has been the second-most-active single stock option that’s being traded [in the options market],” Mike Khouw of Optimize Advisors said Tuesday on CNBC’s […]

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Steve Cohen is planning to launch a $20 billion hedge fund — and many institutional investors are planning to steer clear of it. Cohen has been managing his own fortune at Point72 Asset Management, the family office he created in 2014 after his hedge fund firm, SAC Capital Advisors, pleaded guilty to insider-trading charges in […]

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Amgen shares fell more than 2 percent in trading Wednesday, after the biotech’s second-quarter earnings report revealed profits may slow down in the future. Despite beating Wall Street’s expectations, the second-quarter earnings report showed the company’s growth is slowing and a buildup in inventories – rather than an increase in prescriptions – contributed to recent […]

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Microsoft on Wednesday is challenging Google’s cloud computing business with a trendy new kind of cloud computing service that Google specializes in — along with a super-cheap payment model that will be perfect for cutting-edge experimental uses. The Azure Container Instances tool will provide access to a container — a virtual slice on a physical […]

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Two of the biggest tech titans in Silicon Valley have been publicly debating the potential of artificial intelligence this week: Mark Zuckerberg is optimistic, while Elon Musk is fearful — and says that the CEO of Facebook doesn’t understand the technology. Late Tuesday night, Zuckerberg defended his positivity, for the second time this week, in […]

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Apple-supplier Foxconn will announce a plant in Wisconsin on Wednesday evening, accompanied by President Donald Trumpand Wisconsin Gov. Scott Walker, a source with knowledge of the announcement told CNBC. U.S. House Speaker Paul Ryan, R-Wis., will also be present at the announcement in Washington, a source said. No exact location for the plant has been […]

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