Stocks making the biggest moves premarket: Berkshire Hathaway, General Electric, Twitter & more
Check out the companies making headlines before the bell: General Electric – GE announced the sale of its bio pharma drug unit to Danaher for $21.4 billion, including $21 billion in cash. GE plans to use the proceeds to reduce...
‘We seem to forget a lot’: Why some advisors are moving to shield the elderly from financial fraud
The Cooneys walked into the office to hear their test results. Matt Cooney, a 79-year-old retired television sportscaster, was informed that his financial decision-making capacity was in jeopardy. Dobe Cooney admitted that her husband had lost track of their bills...
2016 all over again? Why historically low global interest rates could make a comeback this year
A leading Wall Street firm predicts global interest rates could fall to three year lows this year — to about 1 percent. According to Medley Global Advisors’ Ben Emons, the scenario is becoming more likely because inflation is very subdued....
Here are the stocks Warren Buffett says he’s betting on for the long run
Warren Buffett’s Berkshire Hathaway is betting on companies like Apple, Goldman Sachs and American Express for the long run, the “Oracle of Omaha” said in his annual letter to shareholders released Saturday. The letter showed Berkshire’s investment in Apple was...
Changing consumer trends have contributed to Kraft Heinz’s troubles, retail analyst says
Kraft Heinz is feeling the squeeze as the brand falls behind food consumption trends and faces other mounting struggles, Wolfe Research analyst Scott Mushkin told CNBC on Friday. Management is catching heat from its connection to cost-cutting private-equity giant 3G...
Ex-Reagan advisor on China talks: ‘It’s possible for a trade deal to get done right now’
Former Reagan advisor John Rutledge thinks “it’s possible for a trade deal to get done right now” despite the stark differences he sees between the United States and China, he told CNBC on Friday. The Safanad investment chief confirmed on...
Zillow makes a big bet on flipping homes. New CEO could ‘make this gamble work’: RBC’s Mahaney
If anyone can pull off Zillow’s plan to start buying and selling homes, returning CEO Rich Barton is the one to get the job done, said RBC Capital Markets’ internet analyst Mark Mahaney. Mahaney told CNBC on Friday that Barton,...
The stock market rally to start 2019 is one for the history books
The roaring rebound for stocks this year just made history. Both the Dow Jones Industrial Average and Nasdaq Composite Index have yet to register a weekly decline so far this year. With more gains to close this week, both major...
Fed’s Quarles: We’d ‘quickly reassess’ balance sheet plan if problems came up
The Federal Reserve stands ready to change the approach to its balance sheet should conditions warrant, the central bank’s vice chair for supervision said Friday. Fed Vice Chair Randal Quarles said at a conference that the central bank remains committed...
Stocks making the biggest moves midday: Kraft Heinz, Wayfair, Stamps.com & more
Check out the companies making headlines midday Friday: Kraft Heinz — Shares of Kraft Heinz plummeted 27.46 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The company also disclosed a Securities...
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