Month: September 2018

Floods are the nation’s most common and costly natural disaster. Yet, standard homeowners and renters insurance policies specifically don’t cover that. “Your homeowners policy will cover water damage if water came from above,” said Jason Hargraves, managing editor of insuranceQuotes.com. “If your house is damaged from water that comes from the ground up, you’ll need
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If you haven’t visited a college campus, secondhand store or seen “Crazy Rich Asians,” in which one of the central characters possesses a Jamba Juice freebie card, you may not have heard: Thrift is cool. In hospitality, that spirit has worked its way from Airbnb mania to spinoff hotel brands and independent properties that promise
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“What are you doing here?” a young engineering student asked Vipin Mayar, the head of artificial intelligence initiatives at Fidelity Investments, at a MIT conference in San Francisco. As Mayar recalled, “They were all just… surprised.” Fidelity executives are getting used to the confused looks and double-takes their company booth draws at Silicon Valley job
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The concept is as old as money itself. In uncertain times, it is wise to own gold. The precious metal “typically serves as a hedge against inflation or a weakening dollar,” Douglas Boneparth, a New York-based Certified Financial Planner and a CNBC contributor, said in an interview with “American Greed.” “It’s also used as a
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Nvidia shares will soar due to the company’s booming chip sales in key high-growth technology markets, according to Evercore ISI. The research firm reiterated its outperform rating and increased its price target for Nvidia shares to $400 from $300, representing 50 percent upside to Thursday’s closing price. It is the highest target out of the
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BlackBerry reported quarterly profit above Wall Street’s estimates on Friday, as lower expenses helped offset a drop in its enterprise software and services revenue. U.S.-listed shares of the company were up 2.7 percent premarket. BlackBerry, which dominated the smartphone market nearly a decade ago before losing out to Apple’s iPhones and Android devices, has been
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Walgreens Boots Alliance said Friday it agreed to pay a $34.5 million fine to settle an investigation by the Securities and Exchange Commission. In settling, Walgreens neither admits nor denies the allegations. The SEC was investigating whether the drugstore chain’s former chief executive and former chief financial officer failed to provide adequate warning about the
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President Donald Trump’s claim that he rejected a meeting on trade with Canada struck CNBC’s Jim Cramer as surprising given the country’s history of allyship with the U.S. “I’m kind of stunned that President Trump could take on Canada, going totally ad hominem and totally hostile to our nation’s largest trading partner,” the “Mad Money”
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Citron Research’s Andrew Left, who has shorted Tesla shares, told CNBC on Thursday he is surprised that shareholders of the company reacted so strongly to the SEC’s fraud charge against CEO Elon Musk. Shares of the electric car company fell about 13 percent in extended trading after the Securities and Exchange Commission filed a complaint
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The ability to personalize a product to your preference is the next major theme of the world’s digital revolution, CNBC’s Jim Cramer said Thursday, speaking from CNBC’s 1Market studio in the tech capital of San Francisco. “The investable theme everybody’s talking about right here, right now? Personalization. It’s everywhere,” the “Mad Money” host said. “Technology
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With the S&P 500 index approaching double-digit returns for the third year in a row, many investors are likely salivating over their swelling wealth in investment reports. But they should know something about what’s not printed in most investor statements: accurate results. That’s because investment reporting today is misleading, largely due to out-of-date regulations and
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