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The markets suffered another bumpy week in the post-midterm election period, with steep losses suffered by stocks. But if political headlines weighed on investors, it was more likely that the unresolved trade war with China was the reason rather than the reshuffling of House seats in favor of the Democrats. Several headlines from the past
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As the economy strengthens, more workers nearing retirement age are feeling better about their economic prospects. That’s the good news. Still, many others are worried about their savings, or lack of savings, and how they will get by once they stop working for good. Overall, 85 percent of working Americans said retirement will be a
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CNBC’s Jim Cramer will be seeking out “man-made” buying opportunities for investors in the short week before Thanksgiving Day. Some of these opportunities reared their heads Friday, he said on “Mad Money.” Federal Reserve Vice Chairman Richard Clarida told CNBC that the central bank should be more data-dependent and President Donald Trump said Chinese officials
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After another week of roller coaster market action, investors may be looking at the balance in their 401(k) plan and wonder what they should do about their retirement savings. The volatility in the U.S. and global equity markets has led some “buy-and-hold” investors to make major moves in their retirement plans. Daily trading activity in
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The Federal Reserve is close to the point of being “neutral” on interest rates and should predicate further increases on economic data, the central bank’s vice chairman said Friday. Recent appointee Richard Clarida told CNBC’s Steve Liesman that nearly three years of increases have brought the Fed’s short-term interest rate near where it is neither
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Wall Street’s best-known cryptocurrency bull just cut his bitcoin price target nearly in half. Tom Lee, co-founder of Fundstrat Global Advisors, lowered his year-end target to $15,000 from $25,000 — still well above where the cryptocurrency was trading on Friday. A key driver was bitcoin’s “break-even” point, the level at which mining costs match the
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Several U.S senators on Friday pressed Facebook for answers related to claims the company hired contractors to “retaliate against or spread intentionally inflammatory information about their critics,” according to a letter addressed to Facebook CEO Mark Zuckerberg. “We are gravely concerned by recent reports indicating that your company used contractors to retaliate against or spread
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Tesaro shares soared 39 percent Friday upon a Bloomberg report that the pharmaceutical company will explore the opportunity of a sale. This comes exactly one week after Tesaro fell more than 20 percent during after-hours trading after the release of drug trial results. A spokesperson declined to comment. This story is developing. Please check back
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Global CEOs are seeing a bit of a slowdown outside the United States, but that’s not what U.S. chief executives are saying about the nation’s economy, according to Steve Odland, president and CEO of The Conference Board. The organization, a global, independent business membership and research association, conducts a number of CEO and confidence studies.
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Even though the tax legislation has changed, you don’t need to pay through the nose for help filing your return. In some cases, it’s free. In theory, the Tax Cuts and Jobs Act — which roughly doubled the standard deduction, did away with personal exemptions and trimmed individual income tax rates — should make it
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Comcast Ventures had seen enough. Years of researching business models, seeing their own portfolio’s performance and watching digital media startups struggle had made an impression. For 2018, the venture capital firm made a decision: it would no longer put money behind advertising-driven media companies no longer made sense. “Starting an ad-supported business is really, really
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