Bitcoin has defied gravity this year, and it’s taken one retail stock along with it. Shares of Overstock.com are on pace for their best year since 2004, largely due to the growing interest in cryptocurrencies, but some market participants are wary of the stock continuing its run. In January 2014, Overstock became the first U.S.
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President Donald Trump has done a “fantastic job” of garnering trust on Wall Street through his business-friendly policies, billionaire Vincent Viola told CNBC on Friday. “Markets are driven by their perception of stability,” said Viola, founder of Virtu Financial, a high-speed trading giant, and Trump’s onetime nominee for secretary of the Army. “The perception of
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The analyst found a misalignment in the Model 3’s glass roof, body panel gaps, rubber trim issues around windows and misaligned seams in the interior ceiling of the car, according to his note. “Our inspection revealed widespread shortcomings in fit and finish … Tesla representatives acknowledged some of the fit issues, but stated that they
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Gold futures dropped suddenly earlier on Friday to trade almost 1 percent lower. Trading volume also picked up during the selling activity. Gold futures for December delivery were down 0.9 percent at $1,275.60 per ounce as of 2:22 p.m. in New York after stabilizing following the sudden decline. It was not immediately clear what caused
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Disney shares are rising Friday as analysts are bullish on its upcoming internet video streaming services, despite the company’s earnings miss. The media giant reported weaker-than-expected fiscal fourth-quarter earnings Thursday. It generated earnings per share of $1.07 versus the $1.12 Thomson Reuters consensus estimate. But analysts got excited after the company said it would price
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Time‘s tight leash on costs helped it beat analysts’ expectations on profit and stick to its yearly forecast for operating income on Thursday despite further sharp falls in sales of magazines and hard copy advertising. Shares in the owner of Time, Sports Illustrated and People magazines have almost halved in value since March as it
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Republicans promised a middle-class tax cut. So far, they have created mostly middle-class confusion. Both the evolving House bill and the emerging Senate plan would slash taxes for businesses and many wealthy individuals. What they would mean for the middle class, however, is less clear. The plans feature a spider web of intersecting and offsetting
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CNBC’s Jim Cramer knows that the cybersecurity industry isn’t going anywhere but up anytime soon. “Cybersecurity is, unfortunately, a secular growth business, meaning that long term, hackers and digital terrorists [are] going to keep trying to steal our data and mess up our systems,” the “Mad Money” host said. “That’s why I think it’s worth
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The government must collaborate with businesses if it wants to solve some of society’s most pressing problems, Johnson & Johnson Chairman and CEO Alex Gorsky told CNBC on Thursday. “It takes all of us working together,” Gorsky told “Mad Money” host Jim Cramer in a special Veterans Day show at the U.S. Military Academy at
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Nvidia reported earnings Thursday that beat Wall Street expectations. Here’s how the company did: EPS: $1.33 vs. 94 cents expected according to Thomson Reuters Revenue: $2.64 billion vs. $2.36 billion expected according to Thomson Reuters Shares initially fell as much as 2 percent in after-hours trading Thursday but later ticked up more than a percent.
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