Month: July 2018

Some drug companies have continued to increase prices despite growing public discontent, a move that senior equity analyst Elliot Wilbur told CNBC “makes absolutely no sense.” “It’s simply bad decision-making and terrible policy on [a drug company’s] part,” Wilbur, who focuses on pharmaceuticals at financial firm Raymond James, said Monday on “Power Lunch.” Pfizer, one
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Gates’ $100 billion fortune in 1999 would be worth about $149 billion in today’s dollars. So today, Bezos officially passed the inflation-adjusted Gates high. Bezos’ fortune has more than doubled over the past two years as Amazon’s stock has soared. Earlier Monday, Amazon shares hit an intraday all-time high of $1,841.95, and the company’s market
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Big banks continue to be a profitable group despite being immensely disliked on the Wall Street, CNBC’s Jim Cramer said Monday. “I think this group is hated,” Cramer said on “Squawk Box,” shortly after Bank of America reported better-than-expected second quarter earnings. “More hated than I’ve seen than any other time other than 2009 and
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Getting engaged, married or having a baby are all times when you might want to start seeing a financial advisor. Even if those milestones appear on the horizon, it’s time to start having conversations about money, said certified financial planner Zaneilia Harris, president of Harris and Harris Wealth Management. “If you’re dating someone and it’s
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BlackRock, the largest asset manager in the world, on Monday reported second-quarter earnings and revenue that surpassed analyst expectations. The company also reported, however, a slowdown in inflows amid increasing market uncertainty. Here is how the company’s results fared compared with Wall Street estimates: Earnings: Adjusted $6.66 per share, vs $6.55 expected by Thomson Reuters
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Spencer Platt | Getty Images  Traders work on the floor of the New York Stock Exchange on July 12, 2018 in New York City. All eyes will be on corporate earnings this week as earnings season shifts into high gear. Netflix is among the corporates that will lead the week’s earnings announcements, with the streaming
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Vipin Kumar | Hindustan Times | Getty Images A number of Uber employees have allegedly filed complaints against Uber’s chief operating officer, Barney Harford, for insensitive comments regarding women and minorities. On a conference call this spring with colleagues, Mr. Harford, the company’s chief operating officer, critiqued a new ad that showed a mixed-race couple,
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Coinbase, the largest cryptocurrency exchange in the U.S., is considering adding five new tokens to its platform. The five digital coins include cardano, basic attention token, stellar lumens, Zcash and 0x. “It wouldn’t surprise me to see these things up 20, 30, 40 percent over the weekend,” digital trader Brian Kelly said Friday on “Fast
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The bank’s recent charge may indicate that consumers are simply getting smarter with rewards programs, according to Bankrate.com chief financial analyst Greg McBride. In online forums devoted to credit-card usage, consumers boast about using spreadsheets and smartphone apps to stay on top of their credit. “There’s a subset of savvy credit-card users who are diligent
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Chris Brightman of Research Affiliates says a simple equal-weighted strategy can do even better when combined with regular rebalancing. Rebalancing is essentially trimming stocks that have outperformed and buying those that have underperformed given a historical tendency for prices to revert to an average. In essence, Brightman added, it’s betting against the current Wall Street
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The devices make it easier to shepherd traffic around networks. In developing its own, AWS could facilitate the shifting of traffic onto its services and away from customers’ on premises systems. However, networking vendors are well entrenched in large companies’ data centers, and Amazon could face significant sales challenges convincing customers to swap existing gear.
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