Hedge fund honcho David Tepper is rejecting arguments that stocks are overvalued and believes there are still plenty of opportunities in the market. The head of Appaloosa Management, a long-time bull, said the latest leg up for the market has not changed his position. “Any comparisons to past overheated markets are ridiculous,” he told CNBC’s […]
Read moreClosely followed strategists Bob Doll and James Paulsen agreed Tuesday that sentiment surrounding the U.S. market remains skeptical. They spoke after U.S. stocks opened higher Tuesday as investors breathed a sigh of relief after it appeared tensions between the U.S. and North Korean would ease. In an appearance on CNBC’s “Squawk on the Street,” Paulsen […]
Read moreWith all the turmoil inside Uber, it’s unlikely that miffed shareholders will get an offer that’s close to Uber’s current valuation, one technology investor said. Uber’s not worth the nearly $70 billion it’s valued at now, and could be worth tens of billions of dollars less, technology investor Roger McNamee told CNBC’s “Squawk Alley” on […]
Read moreThe US Department of Commerce houses the patent and trademark office, whose mission is to protect our nation’s innovators and their intellectual property. Above our entrance is inscribed a quote from Abraham Lincoln: “The patent system added fuel to the fire of genius.” But today the American patent system and the American genius it protects […]
Read moreThe cost of housing is rising at a fast clip, and nowhere is it more apparent than in the market for newly built homes. Sales there are rising, but only on the higher end, and that is leaving the majority of entry-level buyers out of luck and out of home ownership because there are so […]
Read moreDisney made big waves recently when it said it would remove its movies from Netflix by 2019. But in an interview with Variety, Netflix chief content officer Ted Sarandos said the company is preparing for a future without Disney — or any other major media company. “I would say that the relationship between studios and […]
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The best hedge funds for technology stock picking are betting on China, social media and gaming. Technology is by far the best-performing S&P 500 sector this year, up 23 percent and raising worries for some that the stock sector may have gotten ahead of itself. Some hedge funds, however, have outperformed those stellar gains and […]
Read moreNegotiators from Canada, Mexico and the United States are aiming for an ambitious first round of trade talks, a senior U.S. official said on Tuesday, as the countries try to fast-track a deal to modernize the pact by early next year. The United States Trade Representative official, speaking to reporters on a conference call, said […]
Read moreCryptocurrency mining demand for AMD’s graphics cards may be all the rage, but a top Wall Street firm says investors shouldn’t overlook its improving processor chip business. Bank of America Merrill Lynch reiterated its buy rating for the chipmaker’s shares, saying the company’s recently launched Ryzen processors are selling well against Intel. “Our industry checks […]
Read moreJuly’s surprisingly strong retail sales relieved some of the fears that the real cause of sluggish inflation this year is a weakness in the U.S. consumer. The 0.6 percent jump in July retail sales was the best in seven months and is expected to bump economists’ GDP targets for the third quarter. June headline retail […]
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