Michael Nagle | Bloomberg | Getty Images A pedestrian views a mobile device while walking past an American flag displayed outside of the New York Stock Exchange in New York. Check out the companies making headlines after the bell: Texas Instruments‘ stock rose nearly 1 percent after hours. The company said that it had boosted
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There are three risks that could potentially trip up the marathon bull market, analyst Doug Sandler said on CNBC’s “Power Lunch” Thursday. Sandler, CFA at RiverFront Investment Group, defined the first as a risk of “geopolitical melt-up” — that investors will flock to put money in the markets in anticipation of a perceived geopolitical threat
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Daniel Zuchnik | Contributor | Getty Images Philanthropist Warren Buffett is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes Media Centennial Celebration at Pier 60 on September 19, 2017 Michael Bloomberg ranked third, with 10 percent of his $45 billion
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Warren Buffett is famously optimistic, but his view of the U.S. stock market long term is more conservative than it might suggest. At a party for Forbes magazine’s centennial earlier this week, Buffett said the Dow Jones industrial average will be over 1 million in 100 years, up from 22,397 currently (which is near a
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Tesla will discontinue its cheapest Model S, the rear-wheel-drive 75, on Sunday, Tesla has confirmed to CNBC. Tesla first announced in July that it would discontinue the rear-wheel model. The company is shifting to an all-wheel-drive lineup for the Model S to simplify its product offering. The Model S rear-wheel version started at just over
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Amazon is growing in New York City. The internet giant announced Thursday that it plans to bring more than 2,000 jobs to the city over the next three years, promising to create roughly 6,000 jobs across New York state by 2019. Next year, Amazon will open a new office in Manhattan, which will be located
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For older Americans, downsizing is often the logical next step, but when to move, where to go and how to pull it off are often considerable hurdles. Despite Hurricane Irma, which has caused some future retirees to rethink Florida, the Sunshine State remains one of the most desired destinations because of its overall low cost
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Map courtesy of Stratfor. President Xi Jinping’s administration’s use of military retaliation is “a worrying escalation” and could result in further pressure on future business dealings, said Hugo Brennan, Asia analyst at Verisk Maplecroft, in a Wednesday note. Companies that have interests or operations in blocks licensed by Southeast Asian governments but located within China-claimed
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It’s important to note that this is not just a problem between companies and customers or citizens. Notification is no better within many enterprises generally. A recent survey found that nearly 40 percent of U.S.-based, in-house attorneys and general counsel fail to disclose security issues to their board. In such cases, failure of clear governance
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The stock of FedEx went on a wild ride after the shipping giant’s Tuesday earnings report, but CNBC’s Jim Cramer knew what was behind the move. Even though the quarter was widely seen as weak and shares initially fell, the stock turned around and closed up 2 percent on Wednesday. “It was a terrific moment
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Stephen Yang | Reuters Local resident Vishnu Obregon in the Brickell neighborhood as Hurricane Irma passes Miami, Florida, U.S. September 10, 2017. Homeowners affected by Hurricanes Irma and Harvey have already absorbed a body flow from damaged homes and lost possessions. Now, they’re bracing for another: Repair scams. After weather calamities, fraudsters — also known
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Work with your parents to set a budget before school starts. Stick to it. And don’t forget to include travel expenses between school and home. “I definitely think that if your parents are sending you money, you should budget it with them,” said Makenna Lenover, a junior at Bryn Mawr College. Teresa Mahler, a first-year
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General Mills reported a smaller-than-expected quarterly profit, hurt by lower sales of its yogurts and cereals in North America. The Cheerios cereal maker’s shares fell 4.3 percent to $53 in premarket trading on Wednesday. General Mills said its U.S. yogurt sales recorded a double-digit drop as demand for Yoplait Greek and Yoplait Light products remained
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It’s a comparison no one wants to hear — that this stock market bears striking similarities to that of 1929. The observation is coming from Nobel Prize-winning economist Robert Shiller, who’s been arguing valuations are extremely expensive. But instead of predicting an epic stock market crash, he’s finding reasons to be optimistic. “The market is
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Allocations to hedge funds declined, falling to 6.2 percent of the average family office portfolio, the survey found. Among multi-year participants in the survey, the allocation fell to 7.1 percent in 2016 from 8 percent in 2015 amid concerns over their ability to generate satisfactory returns, it said. That came despite better performance, with the
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Patrick T. Fallon | Bloomberg | Getty Images Taavet Hinrikus, co-founder and chair of TransferWise, at the WSJDLive Global Technology Conference in Laguna Beach, California on Oct. 25, 2016. However, TransferWise is not the only fintech firm offering customers peer-to-peer transaction solutions. Blockchain-based start-ups are also beginning to occupy the digital space. For example, Boston-based
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