Virgin Galactic founder Richard Branson wearing the spacesuit Under Armour made for the space tourism venture’s astronauts. Virgin Galactic NEW YORK – Astronauts, meet athleisure. Under Armour on Wednesday unveiled the spacesuits it is making for people to wear on flights to the edge of space with Richard Branson’s Virgin Galactic. The two companies are
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Billionaire investor Leon Cooperman took aim at what an Elizabeth Warren presidency would mean for the stock market, on Wednesday.  “If Elizabeth Warren is elected president, in my opinion, the market drops 25%,” Cooperman told CNBC’s “Squawk Box.” “Bernie Sanders, same thing.” Presidential hopeful and Massachusetts senator Warren has risen in the polls in a
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Entrepreneur Andrew Yang speaks onstage during the fourth Democratic primary debate of the 2020 presidential campaign season co-hosted by The New York Times and CNN at Otterbein University in Westerville, Ohio on October 15, 2019. Saul Loeb | AFP | Getty Images Andrew Yang, whose longshot Democratic campaign has made surprising inroads into the race
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Wells Fargo shares slipped after reporting third-quarter earnings slightly below expectations on Tuesday, as a key measure of the bank’s profitability continued to slide as it undergoes a restructuring. The bank reported net income of $4.6 billion in the third quarter, down 23% from the same period last year. Wells Fargo’s net interest income, a
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National Securities’ Art Hogan predicts third-quarter earnings results will exceed expectations. However, his forecast leaves out a crowded area of the market. “I’m nervous about the defensive groups actually because they’re such a popular trade,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Monday. “The multiples for some of those consumer staples and
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Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Michael Nagle | Bloomberg | Getty Images Shares of SmileDirectClub plummeted more than 13%, on Monday after California Governor
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United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers has summoned local union leaders to Detroit on Thursday for an update on its negotiations with General Motors. The union has traditionally done this when a
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John Hope Bryant, an advocate of economic empowerment through Operation Hope, wants Democratic presidential candidates Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., to know that he would not have been successful without capitalism. “I think Bernie and Elizabeth mean well,” Bryant said on CNBC on Monday, regarding their criticism of how capitalism has led to
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Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Scott Morgan | Reuters David Rolfe, a longtime Berkshire Hathaway shareholder and chief investment officer at Wedgewood Partners, is fed up with
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Speaker of the House Nancy Pelosi speaks at the Atlantic Festival in Washington, September 24, 2019. Kevin Lamarque | Reuters House Speaker Nancy Pelosi‘s bill to lower prescription drug prices would save Medicare $345 billion over 10 years, according to a preliminary analysis from the nonpartisan Congressional Budget Office. The savings wouldn’t begin until 2023,
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My 21-year-old sister, Janna McPartland, has a lot on her mind. Graduating from college. Finding a job. Dire predictions about global warming. The other day, I asked her how she was doing. “The planet is dying,” she said. I was surprised, then, when she showed eagerness recently in starting to save for her retirement. I’d
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NASA Administrator Jim Bridenstine, left, and SpaceX Chief Engineer Elon Musk, right, speak to press in front of the Crew Dragon that is being prepared for the Demo-2 mission. NASA/Aubrey Gemignani LOS ANGELES – SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts, with NASA’s
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