Tesla shares have surged 12 percent in the last week, but one equity strategist sees trouble on the horizon. The stock has risen for three-straight sessions on a slew of news the market appeared to like: CEO Elon Musk said last week the electric car manufacturer was working toward custom artificial intelligence hardware and PepsiCo […]
Read moreExecutives must enforce cybersecurity as part of company culture if they want to have a safer, more protected workplace, McAfee CEO Chris Young told CNBC on Tuesday. “One of the things that I talk about all the time when I talk to other CEOs is you’ve got to have a culture of security. It’s got […]
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After the Dow Jones industrial average hit yet another all-time high on Tuesday, CNBC’s Jim Cramer had to investigate to see if the white-hot index is showing any signs of cooling. “I think it’s worth asking which red-hot groups will have the staying power once 2018 rolls around,” the “Mad Money” host said. “And as […]
Read moreCNBC’s Jim Cramer doesn’t like to look at the stock market as a whole. “There’s no such thing as the stock market, not the way most people talk about it,” the “Mad Money” host said. “Instead, you have a market of stocks, and that’s an important distinction, particularly in Cramerica, because stocks are like snowflakes: […]
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U.S. companies on balance already are paying well below the 20 percent tax level targeted in the Republican reform plan, according to an analysis by Yardeni Research. In fact, the typical effective tax rate — the amount paid minus deductions — could be as low as 13 percent over the past years, Yardeni concluded when […]
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Despite bitcoin‘s immense gain in popularity, Wall Street’s top economists and market strategists remain unconvinced. Eighty percent of respondents to the December CNBC Fed Survey said the current valuation of bitcoin is a bubble. Only 2 percent of respondents said the valuation is based on fundamentals, and 17 percent responded that they don’t know or […]
Read moreAnother hedge fund has fallen prey to seemingly unbeatable markets. John Burbank’s Passport Capital is shuttering its flagship Passport Global Fund at the end of this year because of “unacceptable” returns over the last two years that “cause me to rethink how to manage money in this environment,” he said in a letter to investors […]
Read moreI first invested $5,000 in bitcoin back in 2013 at $72 per coin and now own approximately 69.2 bitcoins. While I had first heard about bitcoin in 2011, it wasn’t until I watched a documentary and started reading forums about the cryptocurrency that I decided to buy it. It was easy to see how bitcoin […]
Read moreCheck out which companies are making headlines before the bell: PespiCo — An executive for the soda maker said PepsiCo has reserved 100 of Tesla‘s new Semi trucks, marking the largest pre-order of the vehicles to date. Verizon Communications — The telecommunication giant’s stock was upgraded to “buy” from “neutral” at Instinet. Instinet also raised […]
Read moreOne of the dot-com boom’s biggest investors says he hasn’t been this bullish on tech in years. Paul Meeks, who ran Merrill Lynch’s technology and internet funds, predicts this year’s high-flying tech stocks will soar 10 percent more regardless of market conditions. “I actually think that technology will outperform the S&P 500 next year,” Meeks […]
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