The spiritual guru Deepak Chopra had just finished teaching a class about ethics in business at Columbia Business School when he called the billionaire investor Paul Tudor Jones II in the fall of 2012. “‘Listen, one of my students has got a really good idea,'” Mr. Jones said Mr. Chopra had told him. The student […]
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Mainland Chinese stocks led Asian market gains on Tuesday after the highly anticipated meeting in Singapore of U.S. President Donald Trump and North Korean leader Kim Jong Un. Both signed an agreement that reaffirmed “unwavering commitment to complete denuclearization of the Korean Peninsula.” But the document offered few details. The Shanghai composite climbed 0.9 percent […]
Read moreActivist investor Paul Singer’s Elliott Management on Monday revealed its latest target in the power and utilities space: Sempra Energy. If that pairing sounds familiar, it should. Last August, Singer played a pivotal role in Sempra’s purchase of Oncor, in the process, spoiling Warren Buffett‘s bid for the Texas utility. By threatening to launch a […]
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Pick your potential stock market mover this week. The Trump–Kim summit could forge diplomatic ties between the U.S. and North Korea, meetings from the Fed and ECB will dictate changes in global monetary policy, and a decision on the Time Warner–AT&T deal sets precedent for any future M&A activity in media. There are a few […]
Read moreCompanies with healthy balance sheets like Home Depot and Nvidia are investors’ best bet as the rest of corporate America loads on debt to unsafe levels even as the Federal Reserve continues hike rates, according to Goldman Sachs. “Strong balance sheet stocks have historically outperformed weak balance sheet stocks during environments of rising leverage,” wrote […]
Read moreStocks aren’t tanking Monday because Wall Street believes President Donald Trump is “right” about trade, according to CNBC’s Jim Cramer. “I thought that [stock] futures would open down big,” Cramer said Monday on “Squawk on the Street.” “By not being down, the market is saying, ‘Trump’s right.’ It’s not saying [trade] doesn’t matter. It’s saying […]
Read moreNot many experts would recommend packing investment accounts like 401(k) retirement plans with bitcoin. The digital currency is just too volatile. But there’s nothing wrong with setting a little aside — money you can afford to lose — for wild bets, like gambling a few bucks at a casino. Bitcoin certainly offers an adrenaline rush. […]
Read moreCheck out the companies making headlines before the bell: Rent-A-Center – Rent-A-Center said it has received an increased takeover offer from a company that was previously interested in buying the rent-to-own furniture retailer. That follows the company’s Sunday statement that it did not find a suitable buyer and that it had ended its review of […]
Read moreMonths after hitting record highs, the S&P 500 is still marooned below 2,800. To one self-described “unapologetically bullish” portfolio manager, the rally will pick up speed over the summer to surge through year’s end. “We think right now that there’s a wall of worry. That’s evident because everyone feels the need to apologize for being […]
Read moreTechnology stocks’ big gains this year have contributed a disproportionate amount to the market’s rally, and that some concerned about tech’s next move. Larry McDonald, editor of the Bear Traps Report, explained on CNBC’s “Trading Nation” why he’s warning against stepping into tech at these levels. • While the S&P 500 has risen nearly 4 […]
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