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When Goldman Sachs talks, investors listen. Goldman analyst Patrick Archambault, who covers Tesla, put out a report with a price target on the stock of $84, a 34 percent discount to the prior day close of $127.26. Archambault had come up with three scenarios for the company, based on how many cars it would sell,
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In his last book, “Stay the Course,” Jack Bogle left investors and professionals a warning about a coming battle in investment management. He had been watching closely over the past few years as a growing number of academics raised questions about the size of big passive fund managers, such as Vanguard, BlackRock and State Street
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Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. The Federal Trade Commission is considering imposing a “record-setting fine” against Facebook for allegedly
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Drew Angerer | Getty Images News | Getty Images A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the opening bell, January 4, 2019 in New York City. Following a strong December jobs report, the Dow Jones Industrial Average rose 350 points at the open on Friday morning. In
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China has offered a six-year boost in imports during its ongoing talks with the U.S., officials familiar with the matter told CNBC. Chinese officials made the offer during negotiations in Beijing earlier in January, Bloomberg News reported. China would increase its annual import of U.S. goods by a combined value of over $1 trillion, the
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Janvhi Bhojwani | CNBC Jamie Dimon, CEO of JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit in Washington, D.C. on Dec. 6th, 2018.  J.P. Morgan Chase Chairman and CEO Jamie Dimon got a 5 percent bump — $2 million — in his pay last year following record annual earnings for the company. Dimon’s
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Tiffany tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home. Like other firms which sell luxury products, Tiffany relies on demand from China’s burgeoning middle class as consumer demand for its rings,
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The presidency of Donald Trump has indirectly helped the real estate market in South Florida, Miami property magnate Gil Dezer told CNBC on Thursday. Dezer, who runs his billionaire family’s real estate empire, said prices of his firm’s Trump-branded properties in Florida have been pumped up by the president’s popularity there. “We shouldn’t forget that
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Sears‘ unsecured creditors filed an objection Thursday afternoon to Chairman Eddie Lampert’s deal to save the company through his hedge fund, ESL Investments, requesting a public hearing to air its grievances. In documents filed with with Southern District of New York Bankruptcy Court, the committee said it has uncovered facts that demonstrate Sears’ downfall was
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