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Benzinga

June 12, 2019

Bento Pay To Give Small Businesses A Venmo-Like Solution

B2B payments solution provider Bento for Business announced Wednesday a new digital payment solution that eliminates the need to write checks. Bento’s new payment solution, Bento Pay, gives small businesses the “ease and security” of paying suppliers, the company said in the press release.

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Benzinga

June 11, 2019

Global X Looks To Add A Spark To The Cannabis ETF Party

Global X, one of the largest purveyors of thematic exchange traded funds, is looking to add that lineup with a cannabis ETF.In a recent filing with the Securities and Exchange Commission, the New York-based ETF issuer outlined plans for the Global X Marijuana ETF.

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Benzinga

June 3, 2019

As Brexit Woes Continue, Trading Sterling Is Painful

With Prime Minister Theresa May set to resign in June, further political and Brexit uncertainty continues to plague the foreign exchange market. Pounds sterling faces more losses and could see record lows before the year is out, according to FX analysts.

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Benzinga

May 31, 2019

Trump Says US Will Impose 5% Tariff On Mexico Imports Starting June 10

Markets are lower Friday morning after U.S. President Donald Trump said in a Tweet Thursday evening his administration will impose a 5-percent tariff on every Mexican good crossing border as of June 10. Trump’s 5-percent tariff will be lifted to 25 percent over the coming months unless the Mexican government takes action to “reduce or eliminate the number of illegal aliens” entering the U.S. from Mexico’s side of the border.

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Benzinga

May 23, 2019

Tesla Closes Below $200 As Analysts Roll Out Grim Bear Scenarios

Tesla Inc TSLA shares lost voltage Wednesday after being hit by a one-two punch: another major Wall Street firm saying it sees an increasing chance of a bear scenario in which the share price drops to double-digits — and a longtime Tesla supporter expressing serious doubts about the company’s trajectory in a private client call.

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Benzinga

May 21, 2019

A Peek Into The Markets: US Stock Futures Point To A Higher Open

U.S. stock futures traded higher in early pre-market trade. Data on existing home sales for April will be released at 10:00 a.m. ET. Atlanta Federal Reserve Bank President Raphael Bostic is set to speak in Amelia Island, Florida at 7:50 a.m. ET, while Chicago Federal Reserve Bank President Charles Evans will speak at 10:45 a.m. ET. Boston Federal Reserve Bank President Eric Rosengren is set to speak in New York at 12:00 p.m. ET.

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Benzinga

May 16, 2019

UBS Says Alphabet ‘Well-Positioned’ For Local Ads

Google parent company Alphabet Inc (GOOG) (GOOGL) is “well-positioned” to capitalize on local advertising, which represents 30 percent of the global ad and marketing services addressable market of around $650 billion excluding China, according to UBS.

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Benzinga

May 15, 2019

Newly Public, Cash-Burning Uber Finds An ETF Home

Uber Technologies, Inc. (UBER) gained 7.71 percent on Tuesday, but the stock is still down nearly 11 percent from its recent initial public offering price. In what could be seen as a small amount of good news, Uber is finding some home among exchange traded funds, including the Renaissance IPO ETF (IPO).

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Benzinga

May 8, 2019

A Peek Into The Markets: US Stock Futures Point To A Lower Open

U.S. stock futures traded lower in early pre-market trade. Federal Reserve Member of the Board of Governors Lael Brainard is set to speak in Richmond, VA at 8:30 a.m. ET.Futures for the Dow Jones Industrial Average dipped 135 points to 25,838, while the Standard & Poor’s 500 index futures fell 17 points to 2,873.75. Futures for the Nasdaq 100 index tumbled 56.75 points to 7,617.25.

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Benzinga

May 6, 2019

Marvell Buys Aquantia In $450M Deal

Semiconductor company Marvell Technology Group Ltd. (MRVL) said Monday it reached an agreement to buy Aquantia Corp (AQ), a leader in Multi-Gig Ethernet connectivity, for $13.25 per share.

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Benzinga

May 3, 2019

Berkshire Hathaway Takes A Stake In Amazon

Speaking ahead of the annual Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) shareholder meeting this weekend, Buffett said he was an “idiot for not buying” Amazon’s stock sooner. But he also said the stock purchase wasn’t made by him personally, rather it was overseen by one of his right-hand men Todd Combs or Ted Weschler.

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Benzinga

April 30, 2019

McDonald’s Q1 Earnings Beat Lifts Stock

McDonald’s said it earned $1.78 per share in the first quarter on revenue of $4.956 billion versus expectations of $1.77 per share and $4.93 billion. Net income fell 3 percent from the same quarter last year to $1.3284 billion but would have been higher by 2 percent on a currency neutral basis.

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Benzinga

April 26, 2019

The Street’s Mixed Reaction To eBay’s Q1

Throughout the first quarter, eBay’s core marketplace deteriorated as US gross merchandise volume fell 6 percent year-over-year versus a 1-percent decline in the prior quarter, Nowak said in a note. Meanwhile, eBay’s global GMV was 1-percent lower year-over-year (excluding FX) versus expectations of 1-percent (ex-FX) growth.

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Benzinga

April 24, 2019

Ford Beats GM To Invest $500M In Rivian, Enter Strategic Partnership On EVs

Ford Motor Company (F) announced Wednesday a strategic partnership with, and a $500 million minority investment in, Michigan-based Rivian Automotive.As part of the arrangement, Ford will use Rivian’s platform in a new battery electric vehicle, and it will add Joe Hinrichs, president of Automotives, to Rivian’s board of directors.

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Benzinga

April 22, 2019

Are Closed-End Funds Getting Hot Again?

Long before the rise of exchange-traded funds, closed-end funds were mutual funds that traded on exchanges alongside stocks. In fact, CEFs date back all the way to the late 19th century.CEFs are similar to ETFs in many ways, but there are several key differences.

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