Month: November 2017

Don’t panic: this isn’t a tech selloff, according to famed tech investor Dan Niles. Niles, founding partner of AlphaOne Capital Partners, also recommended taking advantage of temporarily dragging FAANG stocks to invest in Facebook. “Let’s be realistic, this isn’t much of a selloff,” Niles said Thursday on CNBC’s “Fast Money.” “These stocks are all down
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New Jersey’s Willowbrook Mall, which is owned by General Growth Properties, has a “Next Generation” Sears store. The freed-up space will be filled with one of the area’s first Dave & Buster’s arcade restaurants, along with a handful of other tenants that haven’t yet been announced. In pursuing this redevelopment, GGP will be able to
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Alaska Airlines has launched an investigation into Randi Zuckerberg’s report of a passenger in her row making “repeated lewd sexual remarks” as the flight attendants “brushed off his behavior” and “kept giving him drinks.” The founder and CEO of Zuckerberg Media, who previously worked at her brother Mark’s company Facebook, said the person talked to
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Inflation could be the area where Goodfriend could have a more immediate impact. Yellen and others have entertained the idea of letting inflation run a little hotter than the 2 percent target before putting the clamps on. Though that’s hardly been the issue lately, with price and particularly wage pressures low, some economists believe that
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Federal loans typically offer the best terms, but are often capped at relatively low amounts, said Adam S. Minsky, an attorney specializing in helping student loan borrowers. Private loans or Parent Plus loans have more strings attached. Private loans frequently have interest rates that are high and variable. They often require a parent to co-sign
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“If you make a transaction, the onus will be on you to report it,” said certified financial planner Samuel Boyd, senior vice president of Capital Asset Management Group in Washington, D.C. “Those transactions generate either short-term capital gains or losses or long-term capital gains or losses.” For many investments, individuals generally receive a Form 1099
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It’s been a wild ride for bitcoin traders. From Wednesday’s high of $11,363.99, bitcoin has fallen to a low of $9,021.85, a 20.6 percent drop. The crypotocurrency is in a period of extreme volatility after a strong showing over the Thanksgiving holiday weekend, when it set multiple all-time records. Bitcoin last traded at $9,206.13, down
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Kroger forecast upbeat same-store sales for the holiday quarter and reported higher-than-expected third-quarter results on Thursday after its aggressive discounting lured more customers to its stores, sending its shares up 12.5 percent. Kroger said sales at identical stores open at least a year would exceed 1.1 percent in the fourth quarter as its efforts to
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This summer, the Consumer Financial Protection Bureau issued a rule that would have banned banks, credit card issuers and other financial firms from including arbitration clauses in their customer agreements. But in late October, Senate Republicans voted to kill that rule before it took effect. Mandatory arbitration clauses are already prohibited in mortgage contracts, under
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David Paul Morris | Bloomberg | Getty Images Marvin Goodfriend, professor of economics at Carnegie Mellon University, speaks at the Jackson Hole economic symposium on Friday, Aug. 26, 2016. President Donald Trump has nominated Carnegie Mellon University professor Marvin Goodfriend to be a member of the Federal Reserve Board of Governors, the White House said
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Michael Yoshikami, founder and CEO of Destination Wealth Management, said it is natural for profit-taking in tech, since it has seen an “incredible rally.” He called Wednesday’s action “just rotation” and not necessarily the beginning of a trend. However, he thinks a trend rotation is “inevitable” since tax cuts will benefit those stocks that have
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Thousands of American Airlines flights next month, including those during the busy holiday period, don’t have pilots assigned to them, the airline’s pilot union said. The Allied Pilots Association, which represents some 15,000 American Airlines pilots, said the airline notified the union about a problem with the pilots’ schedule bidding system last Friday. American Airlines
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Republican leaders will pass a tax bill, but it’ll be a “watered down” version from what was originally envisioned, closely followed strategist Jim Paulsen told CNBC on Wednesday. The full Senate could vote on a tax reform bill as early as Thursday, but some lawmakers and conservative groups remain in disagreement about certain parts of
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Cryptocurrency proponents argue that the digital coins are a safe investment because they have a “zero correlation” to the stock market. As a result, a dose of cryptocurrency makes investors’ portfolios less volatile. “We’re starting to see bitcoin as a disaster hedge to the traditional market,” said Chris Burniske, co-author of Cryptoassets: The Innovative Investor’s
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