Finance

The “Fast Money” traders shared their first moves for the market open. Pete Najarian is a buyer of KKR & Co Steve Grasso is a buyer of Alibaba Karen Finerman is a buyer of United Rentals Tim Seymour is a seller of the iShares MSCI Mexico ETF Trader disclosure: On July 5, the following stocks
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Experts believe that, over the years, private sector banks will likely gain more market share from their state-run counterparts because they have stronger balance sheets, they are less exposed to stressed sectors, have stronger governance and are more competitive. “If you take a 10-year view, currently the private sector banks’ market share is 30 percent.
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Washington and the nation are very focused on the fact that Supreme Court Justice Anthony Kennedy has resigned, leaving the high court vulnerable to ideological change. Not really focused upon as much is an offhand remark made by Larry Kudlow, the director of the National Economic Council, in a recent television interview. Mr. Kudlow suggested
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Andrew Harrer | Bloomberg | Getty Images An Equifax Inc. slide is displayed on a monitor during a House Financial Services Committee hearing in Washington, D.C., on Wednesday, Oct. 25, 2017. As the rest of the stock market has struggled on heightened trade rhetoric and many big technology companies have faced regulatory scrutiny over data
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President Donald Trump is blasting Harley-Davidson again for announcing it’s shifting some operations overseas in the wake of retaliatory EU tariffs against U.S. duties. Trump said Tuesday that his administration is talking with other motorcycle companies about moving to the U.S. “Now that Harley-Davidson is moving part of its operation out of the U.S., my
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The “Fast Money” traders shared their first moves for the market open. Carter Worth was a buyer of Johnson & Johnson Dan Nathan was a buyer of JD.com Steve Grasso was a buyer of Avis Budget Group Tim Seymour was a seller of JD.com Trader disclosure: On July 2, 2018, the following stocks and commodities
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“Every car we build goes through rigorous quality checks and must meet exacting specifications, including brake tests. To be extremely clear, we drive *every* Model 3 on our test track to verify braking, torque, squeal and rattle. There are no exceptions,” the company told CNBC. The carmaker’s shares declined 2.3 percent on Monday after opening
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A full-blown trade war would punch a hole in global economic growth because of reduced trade volume, supply chain disruptions, and lost confidence. Quantifying just how much damage an entrenched trade battle could wreak upon the international community is a trickier task, but J.P. Morgan has come up with three scenarios. In J.P. Morgan’s first
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Facebook has admitted that it gave dozens of companies access to its users’ data after saying it had restricted access to such data back in 2015, the latest wrinkle in a firestorm over how the social network manages user information. In news first reported by The Wall Street Journal, Facebook handed a 747-page document to
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Tesla may start turning a profit as early as this year, automotive analyst Jamie Albertine told CNBC. “Based on what we’re seeing in the trajectory of production, we think they will be profitable on a non-gap basis later this year,” Albertine said Friday on “Power Lunch.” “We think we’ll be testing $385 [price target], on
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Domino’s Pizza CEO Patrick Doyle will step down from his post this weekend but analyst Matthew DiFrisco told CNBC that the company has the right recipe for continued success. “Personalized marketing is the key,” DiFrisco, managing director at Guggenheim Securities, said on “Power Lunch” Friday. “They’re combining the digital investment with value proposition and also
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Union Square Ventures has big plans to profit on a potential trillion-dollar business in blockchain and crypto in 10 years. But those plans won’t include starting a separate fund, according to a top executive. “We’re not planning to do it,” Albert Wenger, managing partner at Union Square Ventures told CNBC. “We see a lot of
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Each year, more than 200,000 U.S. military veterans return to civilian life after serving our country in uniform. According to the Small Business Administration, 10 percent of veterans would like to own their own business. Veterans are disciplined, well-trained leaders. With access to capital and business training, their success rates as small business owners are
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Citibank is closing down branches in its fastest-growing region — but the American banking group said that’ll actually help it do better than ever. The lender’s consumer business in Asia, its largest outside North America, registered its seventh consecutive quarter of growth in the first three months of 2018. Underpinning that momentum is the growth
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Luke Sharrett | Bloomberg | Getty Images A Pier 1 Imports retail store stands in Louisville, Kentucky. Check out the companies making headlines after the bell: Shares of Pier 1 Imports plummeted more than 15 percent in extended-hours trading after the retailer reported weak sales. The popular home decor company saw same-store sales drop 8.2 percent,
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