Billionaires Carl Icahn and Warren Buffett. Getty Images (l) | CNBC (r) Activist investor Carl Icahn thinks Occidental Petroleum CEO Vicki Hollub got played by the Oracle of Omaha himself, Warren Buffett, in the company’s effort to buy Anadarko Petroleum. “Buffett figuratively took her to the cleaners,” Icahn said in a letter to shareholders Monday.
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When it comes to financial independence, it probably comes as no surprise that parents and children are not on the same page. What is surprising is that young Americans anticipate being financially independent several years earlier than their parents expect them to. Young Americans say they’ll be financially independent by age 22. Meanwhile, their parents
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Lennox International Air Conditioner systems Source: Lennox International. Despite a blistering heatwave across the East Coast this weekend, air-conditioner maker Lennox International pointed to colder weather as a key reason for cutting guidance and underperforming in the second quarter. The Texas-based company brought in second-quarter earnings per share of $3.74 — about 9% below analysts’
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‘BAANG’ is the new ‘FAANG.’ So says technical analyst John Roque at Wolfe Research, who believes a group of gold miners he coined as BAANG— Barrick Gold, AngloGold, Agnico Eagle Mines, Franco-Nevada, Gold Fields — are better plays than mega-cap FAANG names as they might have reached their peaks and started losing steam. “We made
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European stocks were mixed Monday morning, amid waning expectations of an aggressive interest rate cut by the Federal Reserve. The pan-European Stoxx 600 was flat during early morning deals, with most sectors and major bourses in negative territory. European Markets: FTSE, GDAXI, FCHI, IBEX Europe’s oil and gas stocks were among the best performers, amid
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Taika Waititi and Natalie Portman speak at the Marvel Studios Panel during 2019 Comic-Con International at San Diego Convention Center on July 20, 2019 in San Diego, California. Kevin Winter | Getty Images Entertainment | Getty Images With “Spider-Man: Far From Home,” Phase 3 of the Marvel Cinematic Universe came to a close. Since the
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Congress is going crypto. Lawmakers from the U.S. Senate and House of Representatives heard testimony this week regarding Facebook’s Libra project in the interest of finding a way to regulate the digital payment system and ascertain how it is different from cryptocurrencies like bitcoin. In the hourslong confabs, Congress heard testimony from Calibra chief David
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Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can afford to be patient as long as the economy holds up. Speaking just 12 days before the Fed is expected to ease monetary policy, Rosengren said he
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Eric Rosengren, president and chief executive officer of the Federal Reserve Bank of Boston at the Brookings Institution in Washington, D.C., on Jan. 8, 2018. Andrew Harrer | Bloomberg | Getty Images President Donald Trump’s constant berating of the Federal Reserve and its actions does not influence the central bank’s decisions on monetary policy, Boston
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