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Allianz Technology Trust (ATT) doesn’t hold heavy positions in many FAANG stocks, senior portfolio manager Walter Price told CNBC on Friday, partly because he prefers opportunities elsewhere, but also because he doesn’t see massive growth ahead. FAANG refers to a basket of high-technology growth stocks — Facebook, Amazon, Apple, Netflix and Google — that have
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Israeli investor Yossi Vardi has a knack for identifying top tech companies. Over his five-decade career, the 76-year-old has earned a multi-million-dollar fortune and the unofficial title of Israel’s hi-tech ‘godfather’ after investing in almost 90 IT companies, including the world’s first instant messaging platform, ICQ. So what is his winning formula? CNBC Make It
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Shares of Procter & Gamble rose Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction. “It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G could improve its business with measures such as reorganizing the company into three autonomous units, developing local
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Trian Partners’ Nelson Peltz praised President Donald Trump on Thursday for his tough stance on trade. “The president is doing some really brave things,” Peltz said at The Deal conference in New York City, run by CNBC’s “Mad Money” host Jim Cramer. The Trump administration is pushing several countries on trade, including China, where it
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What’s the job outlook like these days? James Sagar, CEO of The Tailored Group, says he’s “recruiting like crazy right now.” The Atlanta-based event marketing company has openings for customer service representatives, sales representatives and marketing agents. Company officials recruit heavily in the summer to appeal to new college graduates, yet they say they are
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Shares of Cloudera and MongoDB dropped in extended trading even after the two developers of open-source data software reported better-than-expected first-quarter financials. Cloudera fell as much as 10 percent to $15.50 after hours, while MongoDB declined as much as 5.6 percent to $48.41. The two companies were part of a crop of software vendors founded
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As Robert Mueller looks ever more closely at President Donald Trump‘s foreign business ties, one former associate has remained outside the spotlight despite playing a key role in Trump’s quest for real estate deals in former Soviet lands. Architect John Fotiadis designed some of Trump’s most ambitious luxury developments there. A master of glass-encased towers
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Some of the planet’s most powerful people will take part in the infamously secretive Bilderberg meeting that begins Thursday to discuss their most pressing concerns, including Russia, free trade and the “post-truth” world. Political leaders and experts from industry, finance, academia and the media will take part in the annual conference, taking place this year
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Don’t expect robo-advisors to fully replace their human counterparts anytime soon. Robo-advisors give retail investors access to automated investment strategies, creating portfolios and coming up with an asset allocation that’s based on client data points, including time horizon and risk tolerance. As convenient as it may be, this technology doesn’t make human financial advisors obsolete,
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