Investing

President Donald Trump’s decision Thursday to cancel the Singapore summit with North Korea‘s leader sent the price of gold higher as global investors sought safety. Bridgewater Associates founder Ray Dalio shared a specific game plan last year during a time period of rising tensions between the U.S. and North Korea. The investor recommended gold as
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CNBC’s Jim Cramer said Wednesday that he wouldn’t count out Comcast Chairman and CEO Brian Roberts on a successful bid for Twenty-First Century Fox assets just yet. “What Brian Roberts wants he tends to get,” Cramer, whose charitable trust owns shares of Comcast, said on “Squawk Box.” He added that he hopes a Fox deal
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Goldman Sachs is cautioning its clients that computerized trading may exacerbate the volatility of the next big market sell-off. “One theory that has been proposed for why market fragility could be higher today is that because HFTs [high-frequency trading] supply liquidity without taking into account fundamental information, they are forced to withdraw liquidity during periods
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Closely followed trader Art Cashin said that he won’t be too worried about the stock market’s move lower Tuesday as long as the S&P 500 doesn’t break a certain level. “For now, we’ll call it a consolidation until it begins to worsen,” Cashin, UBS director of floor operations at the New York Stock Exchange, said
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The digital currency conferences this week in New York City present an attractive trading opportunity in AMD, according to J.P. Morgan. “Over the last three years, AMD has staged significant rallies following the blockchain technology summit, Consensus,” J.P. Morgan equity derivatives strategist Shawn Quigg wrote in a note to clients Monday. “We like the reward-risk
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With the stock market locking in the largest weekly gain since March, CNBC’s Jim Cramer wondered if newfound optimism around trade and U.S.-China relations could continue. “To some degree, I think that’s wishful thinking,” the “Mad Money” host admitted on Friday. “But, hey, wishful thinking worked when it came to the unlikely progress between North
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Walmart: Calling Walmart’s recent $16 billion investment in Indian e-commerce play Flipkart “one of the gutsiest moves this company has ever made,” Cramer said the stock’s weakness in response was “ridiculous.” “With China dominated by Alibaba and the U.S. the province of Amazon, Walmart needed to try to take a piece of the second-most-populous country
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Health-care stocks whipsawed on Friday as President Donald Trump unveiled his long-awaited plan to lower prescription drug prices, dubbed “American Patients First.” The sector briefly turned negative before closing 1.5 percent higher. Shares of Express Scripts and CVS both hit session lows before rising 2.6 percent and 3.2 percent, respectively. Dow Jones industrial average components
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Prices for many prescription drugs may be high, but CNBC’s Jim Cramer argued Friday they might be worth the cost. “Some of the drugs are lifesaving,” Cramer said on “Squawk on the Street.” “That’s very hard to put a price on.” Cramer’s comments came ahead of President Donald Trump‘s scheduled announcement Friday afternoon of a
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Longtime value investor Whitney George believes Apple’s market capitalization is worth at least $1 trillion. In an exclusive interview for CNBC PRO with Mike Santoli, Whitney said that the iPhone maker’s stock remains “remarkably inexpensive.” “Apple to me is still worth $200 at a minimum, and that’s assuming flat operating income for the next couple
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Small-cap stocks typically benefit when the dollar gains in value, whereas larger-cap stocks and multinational companies tend to feel the heat under the same conditions. Smaller companies deal with more domestic sales, typically without the burden of having to translate overseas revenue from foreign currencies back into dollar terms. “Looking at the relative ratio between
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Lex Sokolin, global director of fintech strategy and partner at Autonomous Research, said BlackRock has been explicit about building out a digital wealth company of the future, and this move reinforces that strategy. BlackRock already has an internal division focused on digital wealth, acquired robo-advisory start-up FutureAdvisor and is part owner of European robo-advisor Scalable
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