Month: January 2021

The power of the internet is bringing individual investors together to crush Wall Street hedge funds and other investment bigwigs. It’s a new trend that’s only just getting started, CNBC’s Jim Cramer said on Monday. “It’s the ‘wallstreetbets’ people.’ And they have ganged up, arguably allowed by free speech purposes, to center on a few
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Before Mark Cuban became a billionaire in 1999, he was mostly broke in his early 20s — sleeping on the floor of an apartment he shared with six others, frequently coming home to his lights turned off and having his credit cards cut. But Cuban remained motivated by the thought of retirement and financial independence. In fact, “my whole goal when I
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Passengers arrive on a flight from London amid new restrictions to prevent the spread of coronavirus disease (COVID-19) at JFK International Airport in New York, December 21, 2020. Eduardo Munoz | Reuters President Joe Biden banned most non-U.S. citizens traveling from South Africa from entering the U.S. and extended travel restrictions for Europe, the U.K.
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Audrey Saracco / EyeEm If your $600 stimulus payment still hasn’t landed in your bank account, you may be wondering if you can still expect it. According to the most recent guidance from the IRS, the answer is “maybe.” Millions of second stimulus checks have been deployed in recent weeks after Congress approved the payments
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More than 150 world leaders, including Amazon boss Jeff Bezos, Salesforce CEO Marc Benioff and Ford Motor Company executive chairman Bill Ford, signed an open letter to President Joe Biden to pledge their support to the new administration’s goals to combat climate change.  In particular, the open letter, released Sunday, underscored the potential job growth
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Famed investor Jeremy Grantham on Thursday reiterated his warning that Wall Street is in a bubble as individual traders get “carried away.” “They’re becoming euphoric … They’re borrowing money. They’re trading more shares,” Grantham, co-founder and chief investment strategist at Grantham, Mayo, & van Otterloo told CNBC’s “Squawk Box Asia” on Thursday. In recent months,
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Pedestrians walk pass a mural depicting Indonesia’s fight against the coronavirus pandemic in Jakarta on August 16, 2020. Feature China | Barcroft Media via Getty Images SINGAPORE — Indonesia will take at least a year before a sufficient portion of its population becomes immune to Covid-19, the country’s Finance Minister Sri Mulyani Indrawati told CNBC
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Kacper Pempel | REUTERS Cryptocurrency-related crime fell last year to a small fraction of overall trading volume. But some targeted hacks boomed as criminals exploited people working from home during the pandemic. Last year, illicit activity made up 0.34% of all cryptocurrency transaction volume, according to a report from blockchain data firm Chainalysis. That was
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U.S. President Joe Biden speaks about his administration’s plans to fight the coronavirus disease (COVID-19) pandemic during a COVID-19 response event at the White House in Washington, January 21, 2021. Jonathan Ernst | Reuters Newly elected President Joe Biden has a tall list of priorities in his first days in office, with stemming the pandemic
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David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs reported fourth-quarter earnings before the opening bell on Tuesday. Here are the numbers: Earnings: $12.08 a share, vs. $7.47 per share expected, according to Refinitiv.Revenue: $11.74 billion, vs. $9.9 billion estimate. Expectations
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Nate Wlodarchak, left, and his husband Shawn Wlodarchak. Source: Nate Wlodarchak As Nate Wlodarchak drove people to the polls on Election Day, he couldn’t stop picturing his life without student debt. On the campaign trail, now President Joe Biden had promised to forgive $10,000 of the loans for all borrowers, which would practically reset Wlodarchak’s
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Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian. Frank Rumpenhorst | picture alliance | Getty Images Company: Elanco Animal Health Inc. (ELAN) Business: Elanco is an animal health company that develops, manufactures and markets products for companion and food animals. The company provides
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