Month: November 2017

Don’t panic: this isn’t a tech selloff, according to famed tech investor Dan Niles. Niles, founding partner of AlphaOne Capital Partners, also recommended taking advantage of temporarily dragging FAANG stocks to invest in Facebook. “Let’s be realistic, this isn’t much of a selloff,” Niles said Thursday on CNBC’s “Fast Money.” “These stocks are all down
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New Jersey’s Willowbrook Mall, which is owned by General Growth Properties, has a “Next Generation” Sears store. The freed-up space will be filled with one of the area’s first Dave & Buster’s arcade restaurants, along with a handful of other tenants that haven’t yet been announced. In pursuing this redevelopment, GGP will be able to
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Inflation could be the area where Goodfriend could have a more immediate impact. Yellen and others have entertained the idea of letting inflation run a little hotter than the 2 percent target before putting the clamps on. Though that’s hardly been the issue lately, with price and particularly wage pressures low, some economists believe that
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Andrew Harrer | Bloomberg | Getty Images Paul Manafort, former campaign manager for Donald Trump, arrives to the U.S. Courthouse for a bond hearing in Washington, D.C., on Monday, Nov. 6, 2017. Attorneys for former Trump campaign chairman Paul Manafort have reached a deal with the special counsel’s office to spring Manafort from house arrest
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Federal loans typically offer the best terms, but are often capped at relatively low amounts, said Adam S. Minsky, an attorney specializing in helping student loan borrowers. Private loans or Parent Plus loans have more strings attached. Private loans frequently have interest rates that are high and variable. They often require a parent to co-sign
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Shares of HCA Healthcare closed more than 6 percent higher Thursday after JPMorgan research concluded that the company would “disproportionately benefit” from the Republican tax plan. Should the GOP muster enough congressional support to lower the corporate tax rate to 20 percent as planned, JPMorgan analyst Gary Taylor believes HCA Healthcare could see nearly 20
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“If you make a transaction, the onus will be on you to report it,” said certified financial planner Samuel Boyd, senior vice president of Capital Asset Management Group in Washington, D.C. “Those transactions generate either short-term capital gains or losses or long-term capital gains or losses.” For many investments, individuals generally receive a Form 1099
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It’s been a wild ride for bitcoin traders. From Wednesday’s high of $11,363.99, bitcoin has fallen to a low of $9,021.85, a 20.6 percent drop. The crypotocurrency is in a period of extreme volatility after a strong showing over the Thanksgiving holiday weekend, when it set multiple all-time records. Bitcoin last traded at $9,206.13, down
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Kroger forecast upbeat same-store sales for the holiday quarter and reported higher-than-expected third-quarter results on Thursday after its aggressive discounting lured more customers to its stores, sending its shares up 12.5 percent. Kroger said sales at identical stores open at least a year would exceed 1.1 percent in the fourth quarter as its efforts to
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This summer, the Consumer Financial Protection Bureau issued a rule that would have banned banks, credit card issuers and other financial firms from including arbitration clauses in their customer agreements. But in late October, Senate Republicans voted to kill that rule before it took effect. Mandatory arbitration clauses are already prohibited in mortgage contracts, under
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Regional bank stocks hit all-time highs on Wednesday, but analyst Jack Micenko told CNBC on Wednesday he has concerns about the sector. “One, loan growth has been very anemic. Loan growth has actually decelerated since the election. And second, as the Fed continues to raise rates, the impact from rising deposit costs has risen exponentially
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Call it the holiday comeback. Retail stocks, and mainly those of department store operators, were climbing at a rapid clip Wednesday morning, on the heels of upbeat reports regarding a strong start to the holiday season. Among them, preliminary results from the National Retail Federation indicated more people shopped both at stores and online over
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Cryptocurrency proponents argue that the digital coins are a safe investment because they have a “zero correlation” to the stock market. As a result, a dose of cryptocurrency makes investors’ portfolios less volatile. “We’re starting to see bitcoin as a disaster hedge to the traditional market,” said Chris Burniske, co-author of Cryptoassets: The Innovative Investor’s
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Bitcoin is up more than 50 percent this month, crossing $10,000. What’s exciting investors is the expanding derivatives market for cryptocurrencies, which is adding some much-needed legitimacy. Last month, LedgerX, an institutional trading and clearing platform, began trading bitcoin options. The Chicago Mercantile Exchange and Cboe are set to roll out bitcoin futures soon. The
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