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cnbc wrote a new post, Power Rankings: love ’em or dump ’em, meme machine & bitcoin boom — top moments from the week of Feb. 10, on the site US Stock Info 4 years, 9 months ago
Whether you’re married, cuffed, or single and ready to mingle we wanted to make sure you felt the love today. Then the Love Doctor told you whether to “love” them (buy) or “dump” them (sell). Fundstrat Co-founder and bitcoin bull Tom Lee told us that bitcoin will beat the Dow Jones to 40,000. Said posts are satirical and goofy, with Bloomberg asking influencers to create a meme that will make him look cool. NY Times Reporter and Meme Master Taylor Lorenz gave us the rundown on whether this strat
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cnbc wrote a new post, Bitcoin may set a new all-time high in 2020, Michael Novogratz says, on the site US Stock Info 4 years, 9 months ago
Bitcoin’s liquidity-driven rally is likely to continue throughout 2020, cryptocurrency investor Michael Novogratz told CNBC on Friday. Bitcoin reached its highest levels on Dec. 15, 2017, when a unit of the cryptocurrency was valued at $19,650. Asked where that surge leaves bitcoin, Novogratz offered his year-end outlook. In fact, Novogratz said bitcoin could reach his estimated levels by the “halving,” which is expected to take place in May. Liquidity, he said, is “driving stocks.
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cnbc wrote a new post, Don’t blow your tax refund! Four ways to invest it wisely, on the site US Stock Info 4 years, 9 months ago
Nearly two-thirds of taxpayers — more than 111 million Americans — received a refund from the Internal Revenue Service last year. The average tax refund windfall was $2,869. Many people want a refund because they’re not good savers, said Lisa Greene-Lewis, a certified public accountant and TurboTax tax expert. Send the refund check to more than one account Consider splitting your refund into two or three accounts. Have part of your refund sent to a checking account for immediate needs, a savings
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cnbc wrote a new post, Op-Ed: Who can beat Trump in November? Here are the pros and cons for each Democratic challenger, on the site US Stock Info 4 years, 9 months ago
PersuasivenessThe biggest reason why Sen. Bernie Sanders, (I-VT) is now leading the national Democratic voter polls is because he has a strong persuasion game. Sanders is the best potential challenger to Trump in this category. But some of that comes off as inexperience, and Buttigieg has diminished his nicer image a few times by saying Trump voters condone racism. The polls told us which candidate the Democratic voters believed. Unless the Democratic nominee gets a good turnout from black voter
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cnbc wrote a new post, American, United pull Boeing 737 Max from summer schedules until past mid-August, on the site US Stock Info 4 years, 9 months ago
American Airlines followed suit with a schedule adjustment on Friday, removing the planes from its summer flying plans until Aug. 18 “based on the latest guidance.” The move comes after Southwest Airlines said Thursday removed the 737 Max from its schedules until mid-August, as carriers prepare for another peak summer travel season without the fuel-efficient planes. Boeing told airlines and suppliers last month that it didn’t expect regulators to sign off on the 737 Max until the middle of 2020,
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cnbc wrote a new post, Boeing submits initial plan for resolving 737 Max wiring concerns, on the site US Stock Info 4 years, 9 months ago
After weeks of assessing concerns about the placement of wiring bundles in 737 Max airplanes, Boeing has submitted its initial recommendation to the FAA for how to resolve the issue. Sources say Boeing believes it does not need to modify the wiring bundles nor move their location within the plane. Technical staff with the FAA and the European Union Aviation Safety Agency have raised questions about the potential for the wiring bundles to short-circuit. “We will rigorously evaluate Boeing’s propo
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cnbc wrote a new post, Here’s what happened to the stock market on Friday, on the site US Stock Info 4 years, 9 months ago
The S&P 500 gained 0.1% to close at 3,380.16. The major averages posted a second straight weekly gain even as the number of reported coronavirus cases jumped this week. The S&P 500 and Nasdaq rose 1.5% and 2.2%, respectively, for the week while the Dow climbed around 1%. More than 64,000 coronavirus cases have been confirmed, with deaths totaling at least 1,380. Earnings have been a bright spot for investors this week, however, with companies such as Nvidia and Expedia posting better-than-expect
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cnbc wrote a new post, US health officials will check patients with flu-like symptoms for coronavirus, on the site US Stock Info 4 years, 9 months ago
National Center for Immunization and Respiratory Diseases Director Nancy Messonnier speaks during a press conference today at the Department of Health and Human Services on the coordinated public health response to the 2019 coronavirus (2019-nCoV), January 28, 2020 in Washington, DC. U.S. health officials will monitor people with flu-like symptoms for the coronavirus in five cities, the Centers for Disease Control and Prevention said Friday. The plan, Messonnier said, is to provide facilities ac
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cnbc wrote a new post, Talks to sell Victoria’s Secret to Sycamore Partners to spill into next week, on the site US Stock Info 4 years, 9 months ago
Talks to sell L Brands’ Victoria’s Secret brand to private equity firm Sycamore Partners will spill into next week, as the complex deal structure creates headaches for its advisors, people familiar with the situation said. L Brands had hoped to complete a deal by the end of this week, people familiar with the situation previously said. Sycamore is simultaneously exploring an acquisition of L Brands’ Victoria’s Secret brand and, separately, a private investment in public equity, or PIPE, into L B
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cnbc wrote a new post, Here’s what Chase Coleman, manager of the red-hot Tiger Global hedge fund, is betting on now, on the site US Stock Info 4 years, 9 months ago
Chase Coleman and his Tiger Global hedge fund added positions in PayPal and Alphabet and raised their position in Slack last quarter, continuing a history of big bets on technology companies. Coleman is a protégé of legendary investor Julian Robertson, who closed his Tiger Management fund in 2000 and gave Coleman $25 million to strike out on his own. Coleman has made his name as a growth investor, specifically with tech stocks. The fund, which also has a large private equity company, gained 33%
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cnbc wrote a new post, Warren Buffett’s Berkshire Hathaway just revealed positions in Kroger, a biotech and these others, on the site US Stock Info 4 years, 9 months ago
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc(This story is for CNBC Pro subscribers only.) Warren Buffett’s Berkshire Hathaway revealed it owned 18.9 million shares of Kroger at the end of the fourth quarter, sending shares of the grocery story surging in after-hours trading. Here’s what else the Oracle of Omaha is betting on:
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cnbc wrote a new post, Bill Ackman has been on a comeback streak — Here’s what the hedge fund manager is betting on now, on the site US Stock Info 4 years, 9 months ago
(This story is for CNBC Pro subscribers only.) We are getting a look at the latest picks from hedge fund manager Bill Ackman, who made a killing recently from his bet on Starbucks. Last year was a comeback year for his hedge fund Pershing Square, with a total shareholder return of more than 50%. Pershing has about $8.6 billion in assets under management as of 2019. Here’s what the investor is betting on now…
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cnbc wrote a new post, Greenlight’s David Einhorn cashed in his bets on several stocks — Here’s what he still believes in, on the site US Stock Info 4 years, 9 months ago
David Einhorn speaking at the SOHN conference in New York, May 6, 2019. Greenlight Capital’s David Einhorn took some money off the table in several positions last quarter, reducing his long bets on stocks by $25 million even as the market rose. Einhorn has made his name as a short-seller, winning big bets against companies like Enron and Lehman Brothers. Last month Einhorn revealed that he had taken a short position against Netflix, saying the streaming video company’s story was “busted.” Einhor
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cnbc wrote a new post, Mark Cuban auditioned for the 1996 drama ‘Twister’ but lost out to Philip Seymour Hoffman, on the site US Stock Info 4 years, 9 months ago
After years of failed endeavors and experiencing setback after setback, Mark Cuban sold his first company, MicroSolutions, for $6 million in 1990. He even tried to get on the big screen: “I auditioned for the movie ‘Twister’ and got a callback.” Cuban, who was trying out to be the character Dusty, an enthusiastic storm chaser, ended up getting a second callback for the 1996 drama. Hoffman, who would go on to be nominated for four Academy Awards throughout his career, was “mis-cast,” Cuban joked.
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cnbc wrote a new post, Charlie Munger on Elon Musk: ‘Never underestimate the man who overestimates himself’, on the site US Stock Info 4 years, 9 months ago
And “I have a third comment,” the billionaire investor continued: “Never underestimate the man who overestimates himself. I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time.” At the Daily Journal’s 2019 shareholder meeting, Munger shared similar thoughts, but also said that he personally would not hire Musk. Buffett is worth $89 billion, the index shows, and Munger is worth $2 billion, according to Forbes. With Friday’s Tesla announcement, Musk pl
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cnbc wrote a new post, White House considering incentives to spur stock buying: Sources, on the site US Stock Info 4 years, 9 months ago
White House considering incentives to spur stock buying: SourcesAs part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions. CNBC’s Kayla Tausche reports.
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cnbc wrote a new post, T. Rowe Price’s investment in WeWork is their fault: Walter Isaacson, on the site US Stock Info 4 years, 9 months ago
T. Rowe Price’s investment in WeWork is their fault: Walter IsaacsonCNBC’s “Closing Bell” team discusses the problems plaguing WeWork with Walter Isaacson, advisory partner at Perella Weinberg and CNBC contributor, and Mike Isaac, technology reporter with The New York Times.
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cnbc wrote a new post, Wall Street trading is on the decline—Here’s what killed it, on the site US Stock Info 4 years, 9 months ago
Wall Street trading is on the decline—Here’s what killed itWall Street trading used to happen on the phone or in person in the packed trading pits at Chicago Mercantile Exchange, New York Stock Exchange or London Stock Exchange. Today, trading requires less people thanks to new technology. Here’s what led to the decline of traders on Wall Street.
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cnbc wrote a new post, Walmart earnings, housing data, manufacturing read: 3 things to watch for Tuesday, on the site US Stock Info 4 years, 9 months ago
Walmart is set to report fourth quarter earnings on Tuesday before the market opens. The Street is expecting the big-box retailer to earn $1.44 per share on $142.54 billion in revenue, according to estimates from FactSet. This represents 2.7% year-over-year revenue growth, and would be 11.4% higher than the $127.99 billion Walmart earned in the prior quarter. Investors will be watching the retailer’s report closely, since it will include sales from the all-important holiday season. In January co
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cnbc wrote a new post, Stocks expected to rise even as virus creates volatility: ‘The market thinks the worst is over’, on the site US Stock Info 4 years, 9 months ago
“It does feel as though the market thinks the worst is over,” said Ed Keon, chief investment strategist at QMA. Nvidia said it would take a $100 million hit from the virus, but its revenue forecast was still above expectations. Resilient marketEven with the negative news and doubts about the virus, analysts say the market has the momentum to move higher. But Robert Sluymer, technical analyst with Fundstrat, said the market may stay range bound for awhile until there’s more clarity on the virus.
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