January 20, 2009 was a historic day, as Barack Obama became the first African-American president in United States history. It was also a chilling time in the economy, as major financial institutions were still struggling and the country was bleeding hundreds of thousands of jobs every month. The government’s response was still uncertain, with many
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When Goldman Sachs talks, investors listen. Goldman analyst Patrick Archambault, who covers Tesla, put out a report with a price target on the stock of $84, a 34 percent discount to the prior day close of $127.26. Archambault had come up with three scenarios for the company, based on how many cars it would sell,
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In his last book, “Stay the Course,” Jack Bogle left investors and professionals a warning about a coming battle in investment management. He had been watching closely over the past few years as a growing number of academics raised questions about the size of big passive fund managers, such as Vanguard, BlackRock and State Street
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Comcast: The NBC and CNBC parent will report earnings Wednesday as it waits for its deal to buy a majority stake in European television network Sky to close. “I think the deal’s terrific because Comcast has grown so large that the regulators frown on them making more acquisitions here in the U.S.,” Cramer said. “The
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Bogle believed that culture trumped strategy every time and that Vanguard would be a place where everyone’s contribution was valued and respected, McNabb told CNBC on Friday. The culture Bogle fostered at Vanguard was one of hard work, treating everyone with respect, always doing the right thing and putting clients’ interests first, McNabb said. Bogle
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Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. The Federal Trade Commission is considering imposing a “record-setting fine” against Facebook for allegedly
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Drew Angerer | Getty Images News | Getty Images A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the opening bell, January 4, 2019 in New York City. Following a strong December jobs report, the Dow Jones Industrial Average rose 350 points at the open on Friday morning. In
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Janvhi Bhojwani | CNBC Jamie Dimon, CEO of JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit in Washington, D.C. on Dec. 6th, 2018.  J.P. Morgan Chase CEO Jamie Dimon got a 5 percent bump in his pay last year following record annual earnings for the company. Dimon’s full compensation for 2018 totaled $31
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Tiffany same-store sales fell 2 percent during the holiday shopping season as Chinese tourists bought less jewelry, the U.S. luxury jeweler said on Friday while tempering its outlook for annual earnings. During the November-December period, Tiffany’s net sales also fell, about 1 percent to $1.04 billion, and Chief Executive Officer Alessandro Bogliolo blamed softening demand
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The presidency of Donald Trump has indirectly helped the real estate market in South Florida, Miami property magnate Gil Dezer told CNBC on Thursday. Dezer, who runs his billionaire family’s real estate empire, said prices of his firm’s Trump-branded properties in Florida have been pumped up by the president’s popularity there. “We shouldn’t forget that
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Check out the companies making headlines after the bell: Shares of Netflix fell as much as 5 percent in after hours trading based on their mixed earnings released Thursday. Fourth-quarter earnings were 30 cents per share which beat analyst’s estimates by 6 cents. Quarterly revenue missed at $4.19 billion vs. the $4.21 billion estimated by
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