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In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
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Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Favorable Federal Reserve stress test results are a better omen for Citigroup than other U.S. bank giants, CNBC "Fast Money" trader Tim Seymour said.
"I think they have the most to gain," said Seymour, who is long in the stock.
On Thursday, all 31 tested banks got favorable marks in the Fed's annual test. It gauges how well the banks can withstand a hypothetical economic shock.
The result bodes well for Citigroup, which failed to meet requirements last year, Seymour said. Citigroup closed Thursday slightly down, around $53 per share.
It also re-affirmed his confidence in Bank of America, in which he holds a long stake.
Trader Brian Kelly liked Bank of America stock, as well, because it was cheaper than many other banks coming in.
"A lot of these banks had a tremendous run coming into this," he said.
Bank of America closed Thursday 1 percent higher around $16 per share. Trader Karen Finerman also expressed confidence in the stock, as she has a long stake in it.
Trader Guy Adami looked at U.S. Bancorp, saying it has "been the most conservative along the way."
Tim Seymour is long AAPL, T, BAC, C, DIS, F, GE, GM, GOOGL, INTC, FXI and SUNE. Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, TTM, TSL and WB.
Brian Kelly is long BTC=, U.S. dollar, GLD, CTRL calls, HYG puts, BBRY, BBRY call spreads and TLT. He is short copper, EWA, EWG, EWQ, EWZ, EWW, JJC, Australian dollar, British pound, Canadian dollar, euro, yen and yuan.
Karen Finerman is long BABA, BAC, C, FINL, FL, GOOG, GOOGL, JPM, M and KORS. She is short DIA. Her firm is long AAPL, BAC, C, CMLS, DIS, FINL, FBT, FL, GPS, GLNG, GOOG, GOOGL, IBB, JPM, M, KORS, XBI and SUNE. Her firm is long calls GPS. Her firm is short SPY, IWM and USO. Karen Finerman is on the board of GrafTech International.
Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.