Economic forecaster Lakshman Achuthan is warning investors they could get scorched by one of 2019’s most popular groups. Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan,
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Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination. Germany’s two largest banks issued short statements following separate meetings of their management boards, a person with knowledge of the matter said, indicating
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Russian tycoon Oleg Deripaska, a close confidant of Russian President Vladimir Putin, said on Sunday that Moscow and Washington are more interested in “muscle flexing” than improving their relationship. Asked whether he has hopes of thawing tensions between Russia and the West while economic sanctions are in place, Deripaska replied: “The way I see it,
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With no one hitting all winning numbers in Saturday night’s Powerball drawing, the top prize has jumped above the half-billion-dollar mark. Now at a whopping $550 million for Wednesday night’s drawing, the jackpot has been growing for more than two months of twice-weekly drawings. And while the odds are stacked against players winning it —
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Jason Edwards, a communications professor at Bridgewater State University in Massachusetts, learned seven years too late that he didn’t qualify for public service loan forgiveness. The Providence, Rhode Island, resident had been paying his debt for that long when the dreadful discovery arrived. Yet Edwards’ story holds a rare, happy ending. Stay tuned. The public
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The alleged college admissions cheating scam unveiled earlier this week has already triggered at least one call to change the law regarding some donations. Sen. Ron Wyden, D-Ore., said Wednesday that he will introduce a bill stripping tax benefits for donations made to universities and colleges before or during the enrollment of children of the
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Activision Blizzard and Spotify were among the stocks Wall Street analysts recommended to clients as undervalued this week. CNBC combed through company research to find analysts discussing buying opportunities for stocks. Other names cited as possible values include: Newell Brands, Dollar General, Marvell, and Anthem Activision “is down nearly 50% in the past six months
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The two daughters of “Full House” star Lori Loughlin and her fashion designer husband, Mossimo Giannulli, remain enrolled at the University of Southern California as their parents face criminal charges of participating in a bribery scheme to get their daughters into the school. A USC spokesman told CNBC on Friday that “both Olivia Giannulli and
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The far-left policy proposals from freshman firebrand Rep. Alexandria Ocasio-Cortez and some of the candidates seeking the 2020 Democratic presidential nomination are wrong for America, former House Majority Leader Eric Cantor told CNBC on Friday. “I worry as an American about the direction of one of our two major parties going toward socialist,” said Cantor,
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Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019. Shares were up more than 18 percent in extended trading, exceeding $120 per share. Here’s how the company did compared with Wall Street estimates: Loss per share: 17 cents vs. 38 cents, according to Refinitiv consensus
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Tesla unveiled its crossover SUV electric vehicle on Thursday night but Wall Street was largely unimpressed by the car and received it with little fanfare. The shares dropped more than 2 percent in premarket trading Friday. “Overall, we found the event somewhat underwhelming with no major surprises,” Deutsche Bank’s Emmaneul Rosner said in a note.
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It’s the triumph of indexing: Fund managers continue to trail their benchmarks. Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. This week, S&P Dow Jones Indices released its annual report on how actively managed funds performed against their benchmarks. The conclusion
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