Month: November 2017

Don’t panic: this isn’t a tech selloff, according to famed tech investor Dan Niles. Niles, founding partner of AlphaOne Capital Partners, also recommended taking advantage of temporarily dragging FAANG stocks to invest in Facebook. “Let’s be realistic, this isn’t much of a selloff,” Niles said Thursday on CNBC’s “Fast Money.” “These stocks are all down
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New Jersey’s Willowbrook Mall, which is owned by General Growth Properties, has a “Next Generation” Sears store. The freed-up space will be filled with one of the area’s first Dave & Buster’s arcade restaurants, along with a handful of other tenants that haven’t yet been announced. In pursuing this redevelopment, GGP will be able to
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Alaska Airlines has launched an investigation into Randi Zuckerberg’s report of a passenger in her row making “repeated lewd sexual remarks” as the flight attendants “brushed off his behavior” and “kept giving him drinks.” The founder and CEO of Zuckerberg Media, who previously worked at her brother Mark’s company Facebook, said the person talked to
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It’s been a tough week for the FAANG stocks — though a few bounced back today. Facebook, Apple, Amazon, Netflix and Google parent Alphabet are all down for the week, anywhere from roughly 1 percent to 4 percent. That doesn’t sound like much, but when you’re dealing with this group, you’re in the biggest league
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Inflation could be the area where Goodfriend could have a more immediate impact. Yellen and others have entertained the idea of letting inflation run a little hotter than the 2 percent target before putting the clamps on. Though that’s hardly been the issue lately, with price and particularly wage pressures low, some economists believe that
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Federal loans typically offer the best terms, but are often capped at relatively low amounts, said Adam S. Minsky, an attorney specializing in helping student loan borrowers. Private loans or Parent Plus loans have more strings attached. Private loans frequently have interest rates that are high and variable. They often require a parent to co-sign
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Shares of HCA Healthcare closed more than 6 percent higher Thursday after JPMorgan research concluded that the company would “disproportionately benefit” from the Republican tax plan. Should the GOP muster enough congressional support to lower the corporate tax rate to 20 percent as planned, JPMorgan analyst Gary Taylor believes HCA Healthcare could see nearly 20
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“If you make a transaction, the onus will be on you to report it,” said certified financial planner Samuel Boyd, senior vice president of Capital Asset Management Group in Washington, D.C. “Those transactions generate either short-term capital gains or losses or long-term capital gains or losses.” For many investments, individuals generally receive a Form 1099
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Kroger forecast upbeat same-store sales for the holiday quarter and reported higher-than-expected third-quarter results on Thursday after its aggressive discounting lured more customers to its stores, sending its shares up 12.5 percent. Kroger said sales at identical stores open at least a year would exceed 1.1 percent in the fourth quarter as its efforts to
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This summer, the Consumer Financial Protection Bureau issued a rule that would have banned banks, credit card issuers and other financial firms from including arbitration clauses in their customer agreements. But in late October, Senate Republicans voted to kill that rule before it took effect. Mandatory arbitration clauses are already prohibited in mortgage contracts, under
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He entered the year as Wall Street’s biggest bull. And now, Canaccord Genuity’s Tony Dwyer could claim that distinction again in 2018. It all hinges on the tax reform package. If Washington can pass it, the firm’s chief market strategist predicts the S&P 500 could surge 17 percent from current levels. “You’re looking at over
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