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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Americans, in general, are putting a greater emphasis on savings. For millennials, in particular, it’s a way of life. The majority, or 60 percent, of 18-to-36-year-olds who have reeled in their spending, did so in order to save more money, according to a Bankrate.com report released Tuesday. That’s in contrast to previous years, when stagnant
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Patrick T. Fallon | Bloomberg | Getty Images Joshua Friedman, co-chairman and co-chief executive officer of Canyon Partners LLC, Canyon Partners Co-CEO Joshua Friedman said he’s finding value in mergers and acquisitions and is “very cautious” on entering the retail space. “We’ve deployed a fair amount of capital recently in oil services,” Friendman told CNBC’s
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BlackRock Chairman and CEO Larry Fink said Tuesday investors should expect only a 4 percent investment return with a balanced portfolio of stocks and bonds. “We’re talking about a balanced portfolio. We’re talking about over a 10-year horizon,” Fink said on CNBC’s “Squawk Box.” “Obviously, this year we are making far better because of the
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Experts who talk of artificially intelligent (AI) robots reaching divine status should “absolutely not be allowed” to create a machine smarter than humans, Elon Musk warned on Twitter. The Tesla and SpaceX CEO was addressing an article from tech news site VentureBeat about the possibility of an AI “god” emerging by 2042. TWEET One of
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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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Any investor old enough to remember the notorious Dow decline of 508 points on Black Monday — Oct. 19, 1987 — is probably old enough to recall The Golden Girls, name all four Beatles and know that a plummeting Dow Jones Industrial Average spares no world markets when it falls into a rapid, ruinous spiral.
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The bankruptcy of Toys R Us weakened Hasbro‘s forecasts for the holiday season in otherwise strong third-quarter results on Monday, boding ill for a sector worried by the collapse of a major customer. The Amazon-fueled move away from brick-and-mortar retailing was behind the surprise filing last month by Toys R Us, which left Hasbro exposed
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Roth individual retirement accounts, in which after-tax deposits — and subsequent earnings — grow tax free, may be one of the best ways to save up for your golden years. But certified financial planner Sophia Bera, founder of financial advisory firm Gen Y Planning, says Roth IRAs can also come in handy long before account
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Dutch health care technology company Philips said on Monday its core profits in the third quarter rose 12 percent to 532 million euros ($626.1 million), as strong growth in China pushed comparable sales up 4 percent. The profit increase was the result of savings and strong sales growth in China and other emerging markets. Sales
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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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