Investing News

The stock market needs the so-called FAANG stocks to be “unified and consistent” for it to head higher into the new year, veteran trader Art Cashin told CNBC on Monday. FAANG stands for Facebook, Amazon, Apple, Netflix and Google parent company Alphabet. The group, which led the market higher earlier this year, helped pull equities
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When Kevin Zraly first started studying wines almost 50 years ago, it wasn’t the most popular alcoholic beverage in the U.S. “People looked at me like I was nuts studying wines,” Zraly said. “All my friends were drinking beer.” At 21, Zraly hitchhiked to California to get exposure to the wines there. And after graduating
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Turmoil in Washington, D.C., has caused unnecessarily drastic declines in the stock market in recent weeks, UBS’ Art Cashin told CNBC on Friday. “I think we lost maybe a couple of thousand points that we didn’t need to because of the disruptions that we saw,” including the ongoing government shutdown and President Donald Trump’s attacks
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