Month: November 2019

The Charging Bull near Wall Street is pictured in New York. Carlo Allegri | Reuters The stock market has been hitting record high levels day after day, but that doesn’t mean corporate CEOs are bullish about next year, according to J.P. Morgan Chase regional investment banking head John Richert. Instead, CEOs are worried about delivering
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Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Robinhood is no longer looking to become a federally insured bank. The stock-trading start-up announced Wednesday that it was pulling its bank charter application with the Office of the
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An interesting study by UBS and PricewaterhouseCoopers shows that billionaire-controlled companies delivered 15-year annualized total returns of 17.8%, almost twice the returns of the MSCI ACWI index over the same period. The authors of the study call this the “billionaire effect,” suggesting that billionaires have three personality traits that carry them to success: smart risk-taking,
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Earlier this week, Canopy Growth Corp (CGC) announced it had won a license to produce cannabis-infused beverages in Canada. Health Canada — the country’s cannabis industry regulator – granted the license just in time for the rollout of Canada’s highly-anticipated Rec 2.0, when cannabis edibles and derivative will finally become available for retail sale. “This
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Byron Wien Olivia Michael | CNBC The stock market’s rally may be far from over as low interest rates keep valuations in an attractive place, according to Wall Street legend Byron Wien. “People complain that the market is overvalued but … with these interest rates, the market is really below fair value,” Wien, vice chairman
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Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019. Tom Brenner | Reuters Economists are boosting their fourth quarter growth forecasts after the trade deficit narrowed and business investment showed a surprise pickup in October. The CNBC/Moody’s Analytic’s rapid update of economists forecasts showed a median
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The market expected a withdrawal of around 51 bcf The data came in more bearish than expected Price action defies the season  Happy Thanksgiving. In the natural gas market, the price action looks more like we are heading into the spring season than the winter. The price of peak-season January futures fell to $2.50 per
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