Month: December 2018

This morning Reuters published a story charging that Johnson & Johnson knew back in 1971 that “its iconic baby power sometimes contained asbestos and failed to alert authorities.” The story also cited a Missouri court of 22 women who said their use of baby powder “caused them to develop ovarian cancer.” The stock market reacted
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Wall Street angst over a possible recession may be increasing, but one bull refuses to waver. Federated Investors’ Steve Chiavarone believes there’s nothing on the horizon that suggests the 2018 market corrections will become a massive downturn next year. Rather, he sees stocks hitting fresh record highs — citing labor market trends, inflation levels, the
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Financial technology startup Robinhood is re-launching a new savings account plan that came under withering scrutiny from regulators, and drew accusations about potentially misleading investors. In a blog post released Friday, Robinhood’s founders acknowledged that its new plan, which aimed to offer no-fee checking and savings accounts with no minimums, ATM fees, penalty charges or
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Pessimism among investors shouldn’t deter people from carefully buying shares of high-quality companies that have endured massive declines, CNBC’s Jim Cramer said Friday after a widespread sell-off in the stock market. On Thursday, survey results from the American Association of Individual Investors showed that pessimism among retail investors was at its worst in some 5½
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The new partnership between coffee giant Starbucks and Uber’s delivery division, Uber Eats, came around in part because of Uber’s continued efforts to improve its culture, Uber CEO Dara Khosrowshahi told CNBC on Friday. In a joint “Mad Money” interview with Starbucks President and CEO Kevin Johnson, Khosrowshahi told CNBC’s Jim Cramer that “culture work
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Pessimism among investors shouldn’t deter people from carefully buying shares of high-quality companies that have endured massive declines, CNBC’s Jim Cramer said Friday after a widespread sell-off in the stock market. On Thursday, survey results from the American Association of Individual Investors showed that pessimism among retail investors was at its worst in some 5½
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Private equity firm Thoma Bravo is in early discussions to acquire security software company McAfee from TPG and Intel for a significant premium over the company’s 2016 $4.2 billion valuation, according to people familiar with the matter. Talks may still fall apart and a deal announcement isn’t expected soon, said the people, who asked not
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Strong consumer spending is giving a boost to fourth-quarter GDP growth, pushing it up to 3 percent, according to a survey of economists. Economists, participating in the CNBC/Moody’s Analytics GDP rapid update raised their forecast by 0.2 percentage points following the stronger-than-expected November retail sales report. Excluding automobiles, gasoline, building materials and food, retail sales
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Shares of Alibaba (NYSE: BABA) started December on a positive note. The stock spiked to around $170 but reversed within one or two days. Even though it pulled back to around $152 recently, Alibaba stock is trending higher. This could signal the market’s willingness to invest in the online specialty retail giant despite the macro uncertainties. The big
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Global retail coffee giant Starbucks (NASDAQ:SBUX) just wrapped up its annual Investor Day, and the takeaway is mixed. Analysts are hiking long-term estimates and upgrading SBUX stock. But, investors aren’t buying it, and instead, SBUX stock is deep in the red following its Investor Day presentation. Why the split feelings? Analysts are positive on the
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