Finance

He may be one of Wall Street’s biggest bears, but that doesn’t mean veteran market watcher David Rosenberg isn’t finding places to put money to work. Gluskin Sheff’s chief economist and strategist is just going halfway around the globe to do it. “The one part of the world which looks very good to me right
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Check out the companies making headlines after the bell: Buffalo Wild Wings shares were halted briefly before soaring more than 20 percent after hours. The company’s third quarter earnings beat earnings estimates by analysts who were surveyed by Thomson Reuters. The restaurant chain also raised its earnings forecast for the year. Amgen‘s stock fell more
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Daniel Acker | Bloomberg | Getty Images Chipotle Mexican Grill Inc. restaurant in Peoria, Illinois. Check out the companies making headlines after the bell: Chipotle Mexican Grill‘s stock tumbled nearly 10 percent in the extended session after the Tex-Mex fast casual company posted lower-than-expected third quarter results, including a big earnings miss and same-store sales
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Bitcoin doesn’t show textbook signs of a bubble yet, but there are other reasons not to buy it, says investing expert William J. Bernstein. The digital currency has “no intrinsic value,” Bernstein said in a phone interview with CNBC.com last week. It’s “awfully suspicious on that criteria alone.” The “fact the price keeps rising, that’s
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Check out the companies making headlines after the bell: Whirlpool‘s stock tumbled more than 6.5 percent in the extended session after the company posted worse-than-expected third quarter earnings and cut guidance. Shares of HNI Corp. plunged more than 16 percent on light trading volume after hours. The company posted results that exceeded Wall Street expectations,
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Wall Street is torn on General Electric, the one-time favorite blue chip for long-term investors, which is now facing an identity crisis and possible dividend cut. Major research shops downgraded and upgraded the industrial company following its third-quarter earnings miss Friday. The firm’s September quarter profits were hit by restructuring costs and weak performance from
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Russell Investments’ Doug Gordon sees a catalyst that could prolong the bull run. He believes the odds of a Republican tax reform plan becoming a reality is rising, and the markets may just be starting to realize it. “Once we got the budget passed, that was an important hurdle,” the firm’s senior portfolio manager said
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Wells Fargo fired four foreign-exchange executives amid an investigation into that business both internally and from regulators, The Wall Street Journal reported Friday, citing sources familiar with the matter. Wells Fargo confirmed the departures to the Journal and CNBC. Shares of Wells Fargo remained about 2 percent higher Friday afternoon. The executive firings and investigation
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Getty Images John Taylor, of professor of economics at Stanford University (l), and Jerome Powell, governor of the Federal Reserve. President Donald Trump‘s options for the future Federal Reserve leadership could include not one but two of the top contenders. Trump is leaning toward appointing both current Fed Governor Jerome “Jay” Powell and Stanford economist
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Thomas Hugger, founder and CEO of fund manager Asia Frontier Capital, added: “We are not really bullish on the oil price due to the strong push by China to reduce the air pollution. However, each investment has its price and if the valuation is very attractive (which I doubt) it could be worth an investment.”
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