Month: August 2018

When describing his strategic vision, Palmer envisions Aston as more than a carmaker, preferring to compare it to the likes of LVMH Moët Hennessy Louis Vuitton. Don’t expect to see it selling caps and scarves. However, it is venturing out of its comfort zone with things like the personal sub being developed in partnership with
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Canadian marijuana producer Cronos Group‘s stock never should have been valued as high as it is now, according to short-seller Andrew Left. “Why would I not be short the stock? It’s a very competitive industry. I think they are a subpar player. I think they have a lot of issues,” Left said on CNBC on
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One of the most common errors is not being aware of your own limits, he told CNBC’s “Trading Nation” on Thursday. “We all think we’re above-average investors, which obviously cannot be true. So we overestimate our ability to beat the crowd, and then we also overestimate our ability to tolerate risk,” he explained. When the
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President Donald Trump is looking for ways to make it easier for Americans to save and spend in retirement. Specifically, an executive order Trump signed seeks a review of how required minimum distributions from 401(k) plans and individual retirement accounts are calculated, and for regulators to see how small businesses can more easily band together
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Canopy Growth CEO Bruce Linton told CNBC Friday the cannabis company is well ahead of its rivals in becoming the leading brand in legal marijuana but still needs to improve. “When I need to find information, I use Google. When I think about web services, I use Amazon,” said Linton, whose Canada-based company has partnered
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Imagine you invested $100,000 in 2000. Today that amount has grown to $400,000. Under the current rules, the capital gain would be $300,000, and you’d pay 20 percent on that (if you were a high earner), or $60,000. Under the current proposal, however, your tax liability would drop to $50,000 because your original investment, accounting
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“Beginning investors should make sure that they aren’t always following the herd mentality,” says Todd Burkhalter, CEO of Drive Planning, a financial consulting firm based in Georgia. Aside from the standard lineup of stock and bond funds, young investors, he says, should consider holdings like private placement investments in real estate and energy industries –
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The cuts follow a spate of even bigger cuts earlier this year. The $250 million mansion in Bel Air California known as “The Billionaire” became America’s most expensive listing when it came onto the market for $250 million in 2017. In April, the price was cut by a massive $62 million, to $188 million. Brokers
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Emile Wamsteker | Bloomberg | Getty Images A customer exits a Big Lots store in Clifton, New Jersey. Shares of Big Lots plunged Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 9 percent, adding to its 14.7 percent decline this year. The
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Check out the companies making headlines before the bell: Coca-Cola – Coca-Cola struck a deal buy Costa, the world’s second-largest coffee chain, from Britain’s Whitbread for $5.1 billion, including assumed debt. Costa has nearly 4,000 locations across a variety of international markets. Lululemon – Lululemon reported second-quarter profit of 71 cents per share, well above
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After Amazon cracked through the $2,000-per-share milestone for the first time, TradingAnalysis.com’s Todd Gordon is betting on an even bigger rally in coming weeks. “Amazon is in breakout mode here. I like the stock, it looks strong. I’ll show you on the chart from a technical point of view that there is still room to
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Getty Images National Rifle Association members look over pistols in the Smith & Wesson display at the 146th NRA Annual Meetings & Exhibits on April 29, 2017 in Atlanta, Georgia. Check out the companies making headlines after the bell: American Outdoor Brands shares skyrocketed 20 percent in the extended session after a first-quarter earnings beat.
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Of the big technology stocks, Apple is the most concerning, veteran technology investor Paul Meeks told CNBC on Thursday. “Of all the FAANGs, the one I am frankly most worried about is Apple,” Meeks said on “Power Lunch.” The ecosystem “is all based on the number of iPhone users, and we are seeing a slowdown
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“We’ve made no secret of our view that there are some reforms needed at the WTO,” Ross said on “Squawk Box.” He explained that the WTO could better “update [or] synchronize its activities.” Trump’s remarks come amid a slew of trade scuffles, which have pressured trade-sensitive stocks. On Thursday, U.S. stocks snapped a four-day winning
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President Donald Trump said Thursday he would consider linking capital gains taxes to inflation, repeating an idea previously floated by his administration that some see as tantamount to a tax cut for the rich. The president made the remarks in an interview Thursday with Bloomberg News. “I’m thinking about it,” Trump said Thursday in the
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For female shoppers, Lululemon spearheaded a movement toward “athleisure” apparel in the U.S. and has maintained a loyal base of customers for its leggings and yoga gear. Lululemon continues to see strong traffic at its stores in North America, a market where brands like Nike and Under Armour have been struggling to keep growing of
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