Scott Olson | Getty Images News | Getty Images Democratic presidential candidate Elizabeth Warren lashed out at billionaire Leon Cooperman on Monday for his stake in student loan servicer Navient and stressed the importance of forgiving student debt. “I care about an entire generation of students being crushed by student loan debt — deferring their
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Vertical Research Partners is the first firm to begin covering Virgin Galactic, initiating the space tourism venture’s stock with a “buy” rating and saying its risk “is misunderstood.” “We think the technical risk to SPCE’s human spaceflight program is less draconian than the stock appears to be pricing in,” analyst Darryl Genovesi said in a
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Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The Iowa Public Employees Retirement System is terminating its relationship with Fisher Investments, pulling $386 million from the asset manager. The Iowa plan, which holds
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Annette Riedl | picture alliance | Getty Images In an age of ongoing digital transformation, cybercrime has quickly become today’s fastest-growing form of criminal activity. Equally worrying for modern executives, it’s also set to cost businesses $5.2 trillion worldwide within five years, according to Accenture. With 43% of online attacks now aimed at small businesses,
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An interview with billionaires Warren Buffett, Charlie Munger and Bill Gates. In this interview, Warren discusses his acquisition strategy and how to negotiate, including how gains and falls in the wider economy plays into his strategy. The gentlemen also talk about current investments and ones they have missed, including the impact of trade tariffs on
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Share to facebook Share to twitter Share to linkedin As part of the ruling, Trump is instructed to hand over eight years of tax returns to Manhattan … [+] district attorney Cyrus Vance. NICHOLAS KAMM/AFP via Getty Images Topline: The battle for President Trump’s tax returns escalated Monday with a federal court ruling that the
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An interview and Q&A with billionaire investor and founder of Duquesne Capital, Stanley Druckenmiller. In this interview, Stanley discusses the Macroeconomic factors he is monitoring and the impact of changes in interest rates. Stanley also talks about the US trade war with China and how to structure your portfolio. ? Books on Stanley Druckenmiller’s investing
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Pedestrians walk past a Shake Shack location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shake Shack shares tumbled more than 14% during extended trading after the burger chain reported a third-quarter earnings beat but weaker-than-expected same-store sales. The company posted earnings of 26 cents per share,
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Sen. Elizabeth Warren‘s sweeping “Medicare for All” plan is too much of a political reach to actually be implemented on Capitol Hill, according to Jared Bernstein, who used to advise her Democratic presidential rival Joe Biden. “A good question for her is, given neither this nor the next Congress will enact your plan, don’t tell
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Billionaire investor Leon Cooperman teared up on Monday as he discussed the political divide in the U.S. and his concerns about the American dream. “I care,” the hedge-fund manager answered on CNBC’s “Halftime Report,” tearing up after CNBC’s Scott Wapner asked why he has been so vocal about the 2020 election. Cooperman’s response came in
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An interview and Q&A with billionaire hedge fund manager and founder of Canyon Partners, Josh Friedman. In this interview, Josh discusses how he went from graduate to hedge fund manager, how the markets are changing and the increased competition of capital. Josh also talks about how he invests in commercial real estate, Value investing and
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Presidential candidates Elizabeth Warren and Bernie Sanders have proposed expensive across-the-board increases in Social Security benefits, premised on the idea, as Warren says, that “It’s too hard to save enough for a decent retirement — and it’s only getting harder.” Congressional Democrats are ready to back the candidates’ promises, with near-unanimous House Democrat support for
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