Economic disruptions caused by a back-to-back pummeling from hurricanes in the United States may just seal the deal for the Federal Reserve to hold interest rates intact for the rest of this year, experts told CNBC on Monday. Hurricane Irma is still making its way up Florida’s coast, but Goldman Sachs and Bank of America-Merrill
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CNBC’s Jim Cramer says that suitability, or the concept that certain stocks are right for some investors but wrong for others, can last investors a long time once they figure out what’s right for them. But after college, during which the “Mad Money” host does not recommend investing or putting away money at all, “things
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Floridians are no strangers to hurricanes and the wealthy of Miami know just how to protect their prized automobiles from the impending Hurricane Irma. Gil Dezer developed the 60-story Porsche Design Tower to withstand a Category 5 hurricane, and now he says there are more than $25 million worth of supercars tucked inside. “One of
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Howard Marks reassessed his thoughts on bitcoin after starkly warning his clients against the high-flying digital currency in July. The co-chairman of Oaktree Capital is famous for his prescient investment memos, which predicted the financial crisis and the dot-com bubble implosion. “There has been particularly spirited response to my comments on digital currencies,” Marks wrote
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Unusual trading in Equifax options in mid-August suggests millions of dollars in profit were generated after Thursday’s disclosure of a massive data breach at the credit reporting company affecting 143 million consumers and their personal information. Shares of Equifax tumbled nearly 14 percent on Friday in the wake of the disclosure of the breach. Until
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Akzo Nobel issued a profit warning on Friday and announced a revamp that will include the chief financial officer stepping aside and a shake-up to its paints and industrial coatings businesses. The Dutch company, citing cost inflation and currency headwinds, said it would not achieve the 100 million euros ($121 million) in 2017 operating profit
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Shares in the property market, another set of old-economy companies, have also climbed, even though not all stocks in the sector have experienced the same boost. Share prices of property developer Vanke spiked 23.14 percent from Jun. 1 until Thursday, after mostly stagnating in the first four months of the year. Poly Real Estate has
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