Month: November 2020

Canopy Growth Tom Franck | CNBC CNBC’s Jim Cramer on Wednesday broke down how ballot initiatives in multiple states across the country could have an impact on the stock market. The cannabis, sports betting and ride-sharing companies caught a boost on Election Day after voters approved new proposals that would expand markets or put in
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Steve Mollenkopf, chief executive officer of Qualcomm Inc. Patrick T. Fallon | Bloomberg | Getty Images Qualcomm stock rose more than 12% in extended trading as its revenue and adjusted earnings per share handily beat Wall Street expectations. Here’s how Qualcomm did versus Refinitiv consensus estimates for the quarter ended Sept. 27: Earnings: $1.45 per
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Guggenheim Partner’s Scott Minerd told CNBC that Wednesday’s rally on Wall Street makes sense, despite the uncertain outcome in the presidential race between President Donald Trump and Democrat Joe Biden. “I was always of the opinion, regardless of the outcome, short of getting anarchy in the street, that this would be good for stocks,” the
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getty The Internal Revenue Service (IRS), state tax agencies and the tax industry are warning taxpayers about a new scam – by text – to trick people into disclosing bank account information in order to receive an Economic Impact Payment, or stimulus check. As part of the scam, thieves are texting messages to taxpayer. The
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A visual representation of the digital cryptocurrency bitcoin. Yu Chun Christopher Wong | S3studio | Getty Images Nearly $1 billion worth of bitcoin with potential ties to the Silk Road online black market is on the move, according to London-based blockchain analysis firm Elliptic. Silk Road was closed down by U.S. federal authorities in 2013, while
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Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC JPMorgan Chase CEO Jamie Dimon told employees that they must have faith in the U.S. election process and patience to await a final determination. “While strong opinions and tremendous passion characterized this U.S. election,
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Billionaire investor Leon Cooperman wasn’t always rich. The Omega Family Office chairman/CEO was born to working-class Polish immigrants and grew up in a one-bedroom apartment in New York City’s South Bronx neighborhood. His father was a plumber. “I’m the first generation in my family born in America, first generation to go to college,” Cooperman, 77,
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getty New home building is riding a torrid—counter-pandemic, safe-haven-fueled—sales pace. This attests to the way many firms in this trillion-dollar sector have blasted into the millennium’s technological present, and they’d like to believe that present has nothing but running room ahead. Note, though, the millennium dawned two decades ago. Builders would mostly admit they’ve got
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(COMBO) This combination of pictures created on October 22, 2020 shows US President Donald Trump (L) … [+] and Democratic Presidential candidate and former US Vice President Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on October 22, 2020. (Photos by Brendan Smialowski and JIM WATSON / AFP) (Photo by
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