Check out which companies are making headlines before the bell: Lennar – The homebuilder reported quarterly profit of $1.06 per share, five cents a share above estimates. Revenue also topped forecasts. Home deliveries were up 12 percent from a year earlier, with new orders up eight percent. MGM Resorts – Susquehanna downgraded the stock to […]
Read moreBillionaire Warren Buffett told CNBC on Tuesday stock market valuations make sense with interest rates where they are. Rates have been a “powerful factor” in equities values, he said. The chairman and CEO of Berkshire Hathaway, who appeared on CNBC’s “Squawk Box,” said stocks are going to outperform bonds. “I can’t remember decision we ever […]
Read moreRussell Investments never thought stocks would rally 13 percent this year by October. The firm, which has $277 billion in assets under management, came into 2017 with a year-end price forecast of 2,100 on the S&P 500, 19 percent below current levels. “We’ve certainly been surprised by the resilience of the US market more from […]
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Why now is an ‘ideal time’ to buy European stocks — and especially banks
Stocks in Europe still have room to push higher in the next few years despite a series of political pressures weighing on sentiment in the region, equity analysts told CNBC. “Core Europe remains one of the preferred markets for us and one we believe offers attractive opportunities for investors over a multi-year time period,” Jeff […]
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Mobile tech start-up backed by Russian billionaire raises $338 million for global expansion
A telecommunications start-up has raised £255 million ($338 million) from investors including Russian tycoon and soccer club owner Roman Abramovich. London-based Truphone said Tuesday it raised the funds in a rights issue, which is when a business sells new shares. Truphone said it would use the capital to erase all existing debt, expand its mobile […]
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FEES for checked luggage are working exactly as intended. That is the main thrust of a new report from America’s Government Accountability Office (GAO) on the recent rise of charges for checking a bag onto a plane when flying. But not everyone is interpreting the study in such a positive light. Critics are crying foul […]
Read moreBitcoin could rally nearly 40 percent to hit $6,000 before the end of the year but investors should brace for more volatility, according to industry experts. The cryptocurrency was trading around $4,333 on Tuesday. The third quarter has been one of the most eventful in bitcoin’s history. It is up over 74 percent in the […]
Read moreAustralia has ended its search for the missing MH370 Malaysia Airlines flight that disappeared three years ago carrying 239 people. The country’s civil aviation authority admitted in its final report that it was no closer to discovering what happened after the plane was lost during a scheduled flight from Kuala Lumpur to Beijing. Australian searchers […]
Read moreScott Galloway is one angry guy. He’s a professor at the NYU Stern School of Business, where he teaches brand strategy and digital marketing, and he’s the founder of consulting firm L2. Stern has become a bit of a media star recently on his (accurate) prediction that Amazon should consider buying Whole Foods. You might […]
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The UK will not 'cut and paste' EU trade deals after Brexit, says trade chief
The U.K. will not “cut and paste” existing European trade agreements once a deal for Brexit has been completed, the country’s trade chief told CNBC Tuesday. Liam Fox, the U.K.’s international trade secretary, denied that he ever implied that the current agreements would be closely replicated to ensure the British economy isn’t affected by Brexit. […]
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