It’s OK to buy stocks before the Republicans pass their tax cut bill, but investors should sell immediately after that, closely followed strategist Jim Paulsen told CNBC on Monday. “I think it’s going to get passed, but I think it’ll be a little bit watered down. Maybe a higher corporate tax rate than what’s out […]
Read moreApple unveiled several new products in June during its WWDC event, but one still hasn’t hit the market yet. Apple said in June that it will launch the iMac Pro sometime in December, though the company has yet to announce a specific release date for the computer. That may change in the coming days, if […]
Read moreVeteran actor Shashi Kapoor, a Bollywood matinee idol who starred in over 100 films, died in Mumbai on Monday. He was 79 and had been battling a kidney ailment. Kapoor, a three-time winner at India’s National Film Awards, is survived by his three children. His wife, English actress Jennifer Kendal, died in 1984. He was […]
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Buying Home Depot, General Electric, Nike and Goldman Sachs in December has been a good trade, history shows. Home Depot‘s stock averages a return of 4.89 percent in the final month of the year — the best out of any Dow Jones industrial average component — and trades positive 67 percent of the time in […]
Read moreCurrency, United States Finance
Greece ‘makes provisions’ in face of German and Italian political uncertainty
Greece is taking precautionary fiscal measures in case the political uncertainty in either Italy or Germany worsens, the country’s economy minister told CNBC on Monday. “We don’t know what’s going to happen in Italy, we don’t know what’s going to happen in Germany yet, so there are significant questions here,” Dimitris Papadimitriou, Greece’s minister of […]
Read moreThe GOP’s tax bill is excellent for the stock market, but perhaps not as good for U.S. workers, CNBC’s Jim Cramer said Monday. Stocks were sharply higher Monday after Senate Republicans passed their tax bill early Saturday, moving President Donald Trump and the GOP closer to overhauling the U.S. tax system. The House approved its […]
Read moreIreland expects iPhone maker Apple to start paying up to 13 billion euros, or $15.4 billion, in back taxes into an escrow account in the first quarter of 2018, the finance minister said on Monday. The European Commission said the record sum was the result of Apple receiving unfair tax incentives from Ireland. More than […]
Read moreChinese smartphone maker Xiaomi is eyeing a $50 billion IPO as early as next year, according to a report from Bloomberg. The Beijing-based company has picked up momentum to challenge phone competitor Huawei in its home market, selling 21 million units in the second quarter of 2017. It’s recently expanded beyond handsets, announcing an A.I. […]
Read moreWhile hoping a GOP tax overhaul becomes law, Ken Langone told CNBC on Monday the only way to really get America’s financial house in order is to cut the federal debt. The billionaire co-founder of Home Depot and longtime Republican backer went so far as to say that the U.S. should risk a “very significant […]
Read moreIt’s time to update the software on your iPhone again. Apple released iOS 11.2 over the weekend — instead of on Tuesday as it normally does — and it includes a bug fixes for an issue that was causing some iPhones to crash. It also offers new features for the iPhone 8, iPhone 8 Plus […]
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