Treasury Secretary Steven Mnuchin is eager to complete tax reform this year, and while CNBC’s Jim Cramer fully understands its benefits, he’s not convinced it will happen. “Look, I say this as a huge believer in both tax reform and President [Donald] Trump’s economic team,” the “Mad Money” host said. Lower corporate taxes would push […]
Read moreCNBC’s Josh Lipton had a chance to get up close with the new Apple iPhone 8 on Tuesday. It doesn’t have a totally radical redesign like the iPhone X. Instead, it’s a successor to the iPhone 7 and other previous models. The biggest difference: The iPhone 8 has glass panels coating both sides instead of […]
Read moreCNBC’s Jim Cramer sees far too many investors ignoring a simple formula that has kept him level-headed during his years on Wall Street. “Newsflash: stocks, by and large, do get cheaper when they go lower. Call me captain obvious for pointing it out, but I think this commonsense wisdom often gets ignored when we’re analyzing […]
Read moreDoubleLine CEO Jeffrey Gundlach believes that the U.S. dollar has finally hit a bottom — at least for now. The dollar index, which tracks the greenback against a basket of six major currencies, hit a more than 2-year low of 91.011 on Friday as investors worried about the short-term impact of Hurricane Irma and North […]
Read moreCNBC’s Josh Lipton checked out the new iPhone X (pronounced “iPhone Ten”) following Apple‘s press event on Tuesday. It’s certainly a looker, with a new display that stretches across the entire front of the phone, and no home button for the first time since the iPhone came out in 2007. Instead, you’ll use a feature […]
Read moreChamath Palihapitiya is a big believer in digital currencies. “We’ve been massively long” bitcoin for years, Palihapitiya said at the Delivering Alpha Conference in New York on Tuesday. “The genie is fundamentally out of the bottle,” he added on the power of the blockchain. He doesn’t think it will blow up as JPMorgan Chase CEO […]
Read moreThe activist fund Marcato Capital, fresh off a victory in Buffalo Wild Wings, has taken a stake in a construction equipment maker it says is poised to grow after strategic re-positioning. Mick McGuire of Marcato Capital talked about the stake at the Delivering Alpha conference in New York on Tuesday. Marcato began buying last year […]
Read moreThe much-anticipated new iPhone X — pronounced iPhone 10 — has officially arrived. It comes with a host of new features, but at a steep price: $999. While many tech enthusiasts will gladly fork over a grand to upgrade to the new model, the price has left others balking. If you’d rather blow your cash […]
Read moreApple held its highly-anticipated event on Tuesday at the company’s new Steve Jobs Theater. Notably, Tim Cook’s opening monologue paid tribute to Jobs, the company’s late founder. Before he delved into an overview of Apple’s latest products, the company’s CEO told audience members that Jobs had a unique gift. He had “an uncanny ability to […]
Read moreSaba Capital’s Boaz Weinstein said the high yield debt market is overvalued and as a result he is betting against the bonds of retailers and hospitals. “Let’s unpack high yield … the reward isn’t there” given the risk, Weinstein said at the Delivering Alpha Conference in New York on Tuesday, noting that smaller retail investors […]
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