Month: November 2019

Don’t be surprised if a proposal billed as a middle-class tax cut emerges from the White House at some point next year. With the president’s hope to make it an election issue — as recently described by his top economic policy advisor in an interview with CNBC — the idea is to lower taxes on America’s middle earners
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jeffbergen | E+ | Getty Images The average American is in poor financial health. Those with credit cards carry more than $5,5000 in debt and, according to the American Psychological Association, 81% of Americans say that money is a significant source of stress in their lives. Despite the struggle, the basics of personal finance are
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Robert De Niro, Al Pacino and Ray Romano star in Martin Scorsese’s “The Irishman.” Netflix Netflix’s biggest-ever film investment launches on Wednesday and J.P. Morgan said “The Irishman” could be the catalyst Netflix needs to boost momentum around the stock. After spending $100 million in production on the three-hour-and-30-minute Martin Scorsese film, Netflix is betting
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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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Dong Wenjie | Moment | Getty Images Box raised its full-year revenue forecast on Tuesday after reporting better-than-expected third-quarter sales, as the cloud management platform benefited from higher customer addition. Shares of the Redwood City, California-based company rose about 4% in extended trading. Box raised full-year revenue forecast to a range of $693.7 million to
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Retail has had a rough year. One of the worst-performing groups in the stock market for 2019, retail stocks have had difficulty mitigating the effects of the ongoing U.S.-China trade war and consumers’ shifting shopping preferences, with names like Macy’s and Gap notching double-digit losses for the year. The SPDR S&P Retail ETF, also known
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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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