Tension escalated between North Korea and the United States after President Donald Trump warned on Tuesday that the rogue state is facing “fire and fury” and North Korea state media responded it is considering a missile strike against the U.S. Pacific territory of Guam. Global and national stock markets, however, remain largely unperturbed. While safe […]
Read moreThe top three streaming platforms will likely be Netflix, Amazon and Disney, unless other tech companies act soon, technology investor Jason Calacanis told CNBC’s “Squawk Alley” on Wednesday. Disney said on Tuesday night it will remove its movies from Netflix, and will instead launch a branded direct-to-consumer streaming service in 2019. The service would create […]
Read moreThe banking industry is not paying depositors and fund providers reasonable rates for their money, according to data from the Federal Deposit Insurance Corporation (FDIC) which insures those deposits. Households and corporate treasurers seem to be oblivious to the fact that interest rates are rising. Consequently, banks are able to pay historically low rates for […]
Read moreTech giants like Facebook and Google may be great investments, but that doesn’t mean early investor Roger McNamee is totally happy with what these companies have become. Elevation Partners’ co-founder told CNBC’s “Squawk Alley” on Wednesday that the business model these companies have adopted has serious consequences for users and the public at large. “If […]
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Two traders are unfazed by bitcoin’s meteoric surge and say that between the cryptocurrency and gold, you’re better off trading the yellow metal. Bitcoin has jumped 240 percent this year to a high of $3,288 on Wednesday, while gold was trading at $1,280. But despite the bitcoin gains, Brian Stutland of Equity Armor Investments and […]
Read moreWould you trust a technology company like Apple, Amazon or Google with your health data? More than 1,000 people participated in my Twitter poll on the topic, and the majority of people responding that they would. Only 37 percent of people responded that they would not share their data. Among those who opted to share […]
Read moreBill Miller’s Income Strategy investment fund has dumped its stake in a high-flying jail operator and placed a bet on malls, despite the threat e-commerce giant Amazon.com poses on the retail industry. “We think the narrative reflected in current prices has outpaced reality,” one of the fund’s portfolio managers, Bill Miller IV, said in a […]
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Hertz‘s luck may be turning around, but investors will need to wait longer to see results. Shares of the rental-car company soared nearly 20 percent on Wednesday after positive comments by CEO Kathryn Marinello. “We have made significant progress in the first half of the year, executing on our operating turnaround plan,” Marinello said in […]
Read moreIf tensions between the U.S. and North Korea escalate, a flood into safe havens will be the first warning sign, closely followed trader Art Cashin told CNBC on Wednesday. “You’re going to have to watch those safe havens. If they begin to move very rapidly, then we’re going to go into a different kind of […]
Read moreThere is one Trump trade still working even as some on Wall Street fret the White House is getting “nothing done.” Defense stocks rallied a day after President Donald Trump warned that threats from North Korea “will be met with fire and fury” on Tuesday. The gain in the stocks came as the rest of […]
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