Investing

Bogle believed that culture trumped strategy every time and that Vanguard would be a place where everyone’s contribution was valued and respected, McNabb told CNBC on Friday. The culture Bogle fostered at Vanguard was one of hard work, treating everyone with respect, always doing the right thing and putting clients’ interests first, McNabb said. Bogle
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Janvhi Bhojwani | CNBC Jamie Dimon, CEO of JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit in Washington, D.C. on Dec. 6th, 2018.  J.P. Morgan Chase CEO Jamie Dimon got a 5 percent bump in his pay last year following record annual earnings for the company. Dimon’s full compensation for 2018 totaled $31
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The disparity can be seen across the board — from the corner office to the cubicle. Women account for less than 17 percent of senior leaders in U.S. investment banking, according to a Catalyst study released last year. And Morningstar found that less than 10 percent of all U.S. fund managers are women. The numbers
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Political uncertainty abounds. The U.S. government is mired in its longest shutdown ever, U.S.-China trade talks are proving intractable and the Democratic challenger field is expanding as the 2020 presidential election grows closer. But LPL Financial senior market strategist Ryan Detrick says these unknowns coming from Washington are unlikely to shake Wall Street. In fact,
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Exxon Mobil Corp.: “Exxon Mobil has finally gotten cheap. It’s an incredibly well-run company. It’s never been wrong to buy it here at [a] 4.5 dividend yield, so I’m with you. And I don’t like to recommend the oils right now because they’ve been really bad.” Newmont Mining Corp.: “I don’t like the deal as
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Bank of America-Merrill Lynch sees evidence the stock market’s bullish activity has near-term staying power. And, it’s using a currency chart to illustrate its case. Paul Ciana, the firm’s chief global technical strategist, highlighted the dollar versus the Chinese yuan on CNBC’s “”Futures Now” to show the strength of “risk on” (or high-yielding, risk-sensitive) assets.
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Kevin Frayer | Getty Images The Apple logo is seen on the window at an Apple Store on January 7, 2019 in Beijing, China. Goldman Sachs is predicting that earnings growth in 2019 could be quite disappointing, advising clients to steer clear of companies leveraged to strong economic growth. In a research note to clients
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Investors concerned about the Federal Reserve’s interest rate policy and the U.S.-China trade dispute should take a stake in gold here, CNBC’s Jim Cramer said Friday as stocks slid for the first time in six days. “If you’re looking for an insurance policy against volatility and economic uncertainty, gold is a great way to go,”
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Chinese consumers are starting to “take sides” as the U.S.-China trade dispute rages on, and that could hamper the success of some U.S. companies, CNBC’s Jim Cramer said Friday. Perhaps it already is: U.S. tech giant Apple recently warned that its fiscal first-quarter results would miss expectations due to weaker-than-anticipated iPhone sales in China. Then,
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Stocks are taking a cue from volatile oil prices, where traders are looking for signs of a recession and other problems in the market, according to analysts. Crude futures and stocks have been trading in tandem throughout much of the last few months in part because both markets are concerned about the same macro factors:
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Netflix shares jumped nearly 3 percent in the premarket Friday after multiple analysts upgraded the video-streaming giant. Raymond James’ Justin Patterson upgraded the stock to strong buy from outperform. He also hiked his price target on Netflix to $450 per share from $435, implying a 38.6 percent surge. “Netflix is approaching a profit inflection,” Patterson
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Cleveland-Cliffs Inc.: “The company’s best in show, but I’ve got to tell you, the stock is not going to be a good stock if the Fed tightens again. I don’t think they’re going to in the near future, but I’ve got to tell you, it makes me nervous.” Sina Corp.: “I don’t really care about
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