Don’t panic: this isn’t a tech selloff, according to famed tech investor Dan Niles. Niles, founding partner of AlphaOne Capital Partners, also recommended taking advantage of temporarily dragging FAANG stocks to invest in Facebook. “Let’s be realistic, this isn’t much of a selloff,” Niles said Thursday on CNBC’s “Fast Money.” “These stocks are all down
Month: November 2017
CNBC’s Jim Cramer is always on the lookout for the market’s most powerful secular trends, so the rise of electric vehicles wasn’t exactly lost on him. There’s just one problem. “When one of these themes gets big enough, when people realize it truly represents a major secular shift, a tectonic shift, in consumer behavior like
New Jersey’s Willowbrook Mall, which is owned by General Growth Properties, has a “Next Generation” Sears store. The freed-up space will be filled with one of the area’s first Dave & Buster’s arcade restaurants, along with a handful of other tenants that haven’t yet been announced. In pursuing this redevelopment, GGP will be able to
Alaska Airlines has launched an investigation into Randi Zuckerberg’s report of a passenger in her row making “repeated lewd sexual remarks” as the flight attendants “brushed off his behavior” and “kept giving him drinks.” The founder and CEO of Zuckerberg Media, who previously worked at her brother Mark’s company Facebook, said the person talked to
It’s been a tough week for the FAANG stocks — though a few bounced back today. Facebook, Apple, Amazon, Netflix and Google parent Alphabet are all down for the week, anywhere from roughly 1 percent to 4 percent. That doesn’t sound like much, but when you’re dealing with this group, you’re in the biggest league
Inflation could be the area where Goodfriend could have a more immediate impact. Yellen and others have entertained the idea of letting inflation run a little hotter than the 2 percent target before putting the clamps on. Though that’s hardly been the issue lately, with price and particularly wage pressures low, some economists believe that
Federal loans typically offer the best terms, but are often capped at relatively low amounts, said Adam S. Minsky, an attorney specializing in helping student loan borrowers. Private loans or Parent Plus loans have more strings attached. Private loans frequently have interest rates that are high and variable. They often require a parent to co-sign
Shares of HCA Healthcare closed more than 6 percent higher Thursday after JPMorgan research concluded that the company would “disproportionately benefit” from the Republican tax plan. Should the GOP muster enough congressional support to lower the corporate tax rate to 20 percent as planned, JPMorgan analyst Gary Taylor believes HCA Healthcare could see nearly 20
But consumers should be on the lookout for more than just sneaky sites, said Katherine Hutt, a spokeswoman for the Better Business Bureau. “When it comes to travel scams and other high-end, high-cost scams, you’re more likely to have the scammer reach out to you,” she said. Most times, scammers reach out over email, but
“If you make a transaction, the onus will be on you to report it,” said certified financial planner Samuel Boyd, senior vice president of Capital Asset Management Group in Washington, D.C. “Those transactions generate either short-term capital gains or losses or long-term capital gains or losses.” For many investments, individuals generally receive a Form 1099
Kroger forecast upbeat same-store sales for the holiday quarter and reported higher-than-expected third-quarter results on Thursday after its aggressive discounting lured more customers to its stores, sending its shares up 12.5 percent. Kroger said sales at identical stores open at least a year would exceed 1.1 percent in the fourth quarter as its efforts to
This summer, the Consumer Financial Protection Bureau issued a rule that would have banned banks, credit card issuers and other financial firms from including arbitration clauses in their customer agreements. But in late October, Senate Republicans voted to kill that rule before it took effect. Mandatory arbitration clauses are already prohibited in mortgage contracts, under
Grant also suggests setting up the strictest privacy policy possible on credit, bank and lenders’ sites, obtaining private registration for any websites you own and using a post office box as your billing address. You can also opt out of prescreened credit and insurance offers for free at OptOutPrescreen.com. You also have a federal right
Express Scripts had a word of caution for Amazon as it weighs its push into the multibillion-dollar pharmacy market. “What [Amazon] will see is the magic isn’t in lower net prices to consumers. It’s getting the right drug to consumers and helping them navigate the system — all things we’ve built a business over 30
Overall, four of the top five metros scored high on health care. Los Angeles was the only one that didn’t. It was also the only one of the site’s top five cities for retirement that boasts year-round sunny weather. 1. Pittsburgh2. Boston3. Los Angeles4. Denver5. Providence, Rhode Island “Cities that performed well on the health-care
He entered the year as Wall Street’s biggest bull. And now, Canaccord Genuity’s Tony Dwyer could claim that distinction again in 2018. It all hinges on the tax reform package. If Washington can pass it, the firm’s chief market strategist predicts the S&P 500 could surge 17 percent from current levels. “You’re looking at over
Chipotle Mexican Grill’s search for a new chief executive adds uncertainty to the restaurant’s earnings trends, according to William Blair, which downgraded the shares Thursday. Even if Chipotle finds a new CEO quickly, the addition of a new company leader often results in a costly few transition years, wrote analyst Sharon Zackfia. “While ultimately the
Koi fish, it turns out, can live to over 100, so Carson’s koi were not even middle age by koi standards. Carson apparently loved to lounge by the pool to wash away the hustle and stress of TV life. And sitting by the pool, with the view of the ocean and watching the giant gentle
Sears Holdings, the parent company of Sears and Kmart stores, reported a narrower net loss for the fiscal third quarter than it did a year ago, as the company pushes to return to profitability against a backdrop of store closures and vendor disputes. Efforts to shrink the retailer’s real estate footprint look to be taking
A scheduling glitch that allowed American Airlines pilots to take vacation at the same time has left thousands of flights during the busy holiday travel period next month without pilots assigned to them. American Airlines, the largest U.S. airline, is now offering pilots 150 percent of hourly pay to work those dates, an airline spokesman
The party has been trying to make inroads into foreign-funded companies since President Xi Jinping came to power and began pushing to increase its role in all aspects of life in China. “As far as I know, some foreign-funded companies have been required to offer full pay for at least one party branch member who
PVH’s Chirico may not have been thrilled with the GOP’s tax proceedings, but CBRE Group President and CEO Bob Sulentic told CNBC that one piece of the proposed reform would be particularly good for his massive real estate business. “What’s really going on that’s important to our industry is that corporations are going to pay
Regional bank stocks hit all-time highs on Wednesday, but analyst Jack Micenko told CNBC on Wednesday he has concerns about the sector. “One, loan growth has been very anemic. Loan growth has actually decelerated since the election. And second, as the Fed continues to raise rates, the impact from rising deposit costs has risen exponentially
In December, SpaceX will again send cargo to the International Space Station — but this time, it will use a Falcon 9 rocket that has already flown to space and back. NASA officially confirmed the decision today during a meeting, noting that SpaceX’s upcoming resupply mission will fly on a Falcon 9 that already launched
The exit tax can operate similar to a capital gains tax, he said. Say you bought a home in London for $1 million, and it is now worth $3 million today. As a U.S. citizen, you would be on the hook for capital gains taxes on the sale of that property. The exit tax looks
Her other concern is that the delay could signal a death knell for the provisions. “[The Labor Department] is being misleading in calling this a delay,” Roper said. “That implies the provisions will eventually take effect. But DOL has made clear that a major reason behind [this] is to give them time to revise the
Republican leaders will pass a tax bill, but it’ll be a “watered down” version from what was originally envisioned, closely followed strategist Jim Paulsen told CNBC on Wednesday. The full Senate could vote on a tax reform bill as early as Thursday, but some lawmakers and conservative groups remain in disagreement about certain parts of
Cryptocurrency proponents argue that the digital coins are a safe investment because they have a “zero correlation” to the stock market. As a result, a dose of cryptocurrency makes investors’ portfolios less volatile. “We’re starting to see bitcoin as a disaster hedge to the traditional market,” said Chris Burniske, co-author of Cryptoassets: The Innovative Investor’s
Bitcoin is up more than 50 percent this month, crossing $10,000. What’s exciting investors is the expanding derivatives market for cryptocurrencies, which is adding some much-needed legitimacy. Last month, LedgerX, an institutional trading and clearing platform, began trading bitcoin options. The Chicago Mercantile Exchange and Cboe are set to roll out bitcoin futures soon. The
David Paul Morris | Bloomberg | Getty Images An Uber signage is displayed outside the company’s headquarters building in San Francisco, California, on June 21, 2017. Uber’s quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter, the Financial Times reported on Tuesday. The ride-hailing company’s third-quarter net revenue stood at
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