Finance

Longtime investor Paul Meeks believes it could take months until the Nasdaq stages a sustainable comeback. Meeks, who ran the world’s biggest tech fund for Merrill Lynch during the dot-com boom and subsequent collapse, predicts the correction gripping the tech-heavy index will only get deeper due a particularly hard-hit group of stocks, which doesn’t include
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Andrew Harrer | Bloomberg | Getty Images Alan Greenspan, former Federal Reserve chairman and president and founder of Greenspan Associates. Former Federal Reserve Chairman Alan Greenspan said Wednesday he is “beginning to see the first signs” of inflation in the U.S. economy, speaking in an interview with Bloomberg Television . “We’re seeing it basically in
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Check out the companies making headlines after the bell: Blue Apron shares dropped as much as 5 percent during the extended session Tuesday after the meal-kit service announced it would take strategic actions to improve its profitability, including a 4 percent reduction of its workforce. Tilray shares dropped over 5 percent after hours when the
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President Donald Trump’s administration is looking at a multi-faceted infrastructure plan, according to top White House economic adviser Larry Kudlow on Tuesday. “We are looking at infrastructure in many different ways,” Kudlow said on CNBC’s “Squawk on the Street.” “I’d like to do energy infrastructure. I’d like to do pipeline,” Kudlow said. “I’d like to
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Semiconductor producer Skyworks Solutions was downgraded at Citigroup on Monday in light of Apple’s weaker-than-expected iPhone XR outlook and softer smartphone demand in China. “We are downgrading Skyworks Solutions to neutral from buy post the earnings season based on broad smartphone weakness observation in China and disappointing iPhone XR unit sales, which will likely hinder
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Daniel Roland | AFP | Getty Images Bill McDermott, CEO of German software giant SAP, addresses the media during the company’s annual financial statement at it’s headquarters in Walldorf near Heidelberg, southern Germany, on January 24, 2017.  SAP is acquiring Qualtrics for $8 billion, snapping up the survey software company just before its planned IPO.
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Cory Disbrow | Getty Images The Main Street Philharmonic entertains guests at the Magic Kingdom, Walt Disney World, Florida. Disney’s better-than-expected earnings and upcoming streaming service have Wall Street glowing as the longtime media giant enters a whole new world of content delivery. Shares jumped nearly 3 percent in early trading Friday, adding to their
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Check out the companies making headlines before the bell: General Electric – J.P. Morgan Securities analyst Stephen Tusa cut his price target on the stock to $6 from $10, saying the most recent earnings report was worse than expected on “almost all fronts.” Walt Disney – Walt Disney reported adjusted quarterly profit of $1.48 per
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Check out the companies making headlines before the bell: ARRIS International – The maker of communications hardware and software will be acquired by CommScope for $7.4 billion, including assumed debt. The deal is worth $31.75 per share in cash, compared to Wednesday’s closing price for ARRIS of $27.79 per share. Perrigo – The drugmaker reported
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Check out the companies making headlines before the bell: Target – The retailer’s stock was upgraded to “outperform” from “market perform” at Cowen, which cites good value at Target’s stores, convenient digital pickup options, and private brand innovation. Dish Network – The satellite TV company earned 82 cents per share for the third quarter, 15
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Nobel laureate Robert Shiller isn’t using midterm election patterns to help construct his latest market forecasts. The Yale University economics professor sees this electionas an expression of voter confidence about President Donald Trump. He suggests it’s unwise to use the vote as way to predict economic and market trends. “This is a very different midterm
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