Finance

Katz, however, wouldn’t buy on news like this. “You want to buy when you have a sell-off because we do think the market’s in a trading range and you want to buy weakness rather than chase strength.” Jamie Cox, managing partner at Harris Financial Group, warned investors to be careful about these particular headlines because
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Earlier in the day, Dalio told CNBC that the current economic cycle is in the seventh inning and predicted it has about two years left to run. The co-chairman and co-chief investment officer of Bridgewater Associates warned that investors should be “more defensive” in the stock market and “as time progresses” he sees the risks
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Public companies are governed differently. And boards of directors, half of whose members must be independent, take their legally established responsibilities seriously. For example, their fiduciary responsibility requires directors to act in the best interests of the corporation. Their supervisory role involves oversight of the CEO and other officers. And their duty of care obligates
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Tesla‘s now former chief accounting officer, Dave Morton, quit the company after concluding CEO Elon Musk wasn’t interested in accounting details around a potential take-private transaction, according to people familiar with the matter. Morton resigned Sept. 4, according to a company filing released on Friday. Morton said in the filing “the level of public attention
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Tesla shares are extremely overvalued and will drop precipitously, Robert Chapman said Friday. Chapman downplayed concerns over CEO Elon Musk‘s erratic behavior, instead focusing on the carmaker’s financials for his bearish view. “I actually don’t think you should short it on [Musk’s] judgment. I think he is a fascinating businessman, probably the most incredible entrepreneur
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Constellation Brands David Seaburg was a buyer of Pfizer Dan Nathan was a seller of Taiwan Semiconductor Guy Adami was a buyer of CBS Corp Trader disclosure: On September 6, 2018 the following stocks and commodities mentioned
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Kai Pfaffenbach | Reuters A booth of Micron Technology at an industrial fair in Frankfurt, Germany. The dip in Micron’s stock is a great buying opportunity, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for Micron shares, predicting strong financial results for the memory chipmaker. Micron shares declined 9.9 percent
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The Menlo Park, California-based start-up is known for its zero-fee trading platform that rolled out about three years ago. Robinhood, which is mostly used by millennials age 18-35, also offers ETFs, options and, as of February, cryptocurrency trading. In May, it surpassed its rival E-Trade Financial and has a total of 5 million brokerage accounts.
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Ether was the star cryptocurrency last year, way outperforming its predecessor bitcoin. But 2018 has been a different story. The world’s second largest digital asset is down 76 percent this year and can’t seem to catch a break. Investor patience is wearing thin — mainstream adoption isn’t here yet, folks can now short the market,
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A hot topic in policy debates worldwide, gentrification is defined as the process of rebuilding homes and businesses accompanied by an influx of middle-class or affluent people at the expense of earlier, often poorer residents. One big issue is the lack of consistent data to determine the effects of the trend — positive or negative.
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Seagate and Western Digital shares will suffer from declining profit margins, according to Evercore ISI. The firm lowered its rating to underperform from in line for Seagate shares and reduced its rating to in line from outperform for Western Digital’s stock. Both companies sell hard drives and flash memory storage devices. “With topline likely flattish
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Chip Somodevilla | Getty Images Mark Zuckerberg testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill April 11, 2018. Facebook shares will disappoint as governments increasingly scrutinize the company’s practices, according to MoffettNathanson. The firm lowered its rating to neutral from buy for Facebook shares, predicting the
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On Aug. 17, Beijing’s Chaoyang District, which includes the central business area, issued a ban on shopping areas, hotels and office buildings hosting promotional events for cryptocurrencies. Chinese news site National Business Daily reported last week that a special economic development zone in the southern city of Guangzhou announced a similar ban. The Chinese government
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That amounted to the squaring of the circle for a man who forged a veto-proof parliamentary majority on a platform “Take Back Japan” (“Nippon o Torimodosu”), featuring the economic revival through aggressive monetary easing and an export-boosting cheaper yen, a tough line on territorial disputes with China and South Korea and an unacceptably idiosyncratic reading
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