Month: November 2019

The Match Group OkCupid dating application is shown on an Apple iPhone. Gaia Squarci | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Match Group tanked 16% after the company topped third-quarter earnings expectations and matched revenue estimates at $541 million, though reported disappointing fourth-quarter revenue guidance. The parent
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Some Robinhood users have been manipulating the stock-trading app to trade with what they’re calling “infinite leverage.” The cheat code was being shared on social media site Reddit, with one trader claiming he took a $1,000,000 position in stock using only a $4,000 deposit. Through Robinhood Gold, the start-up’s subscription service, users can borrow money
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Exterior of One Steuart Lane, poised to become the newest build in San Francisco’s ultra-luxury … [+] residential market. Binyan Studios San Francisco, Calif.  — Paramount Group, Inc. and SRE Group Ltd., today unveiled a first look at final renderings of the highly anticipated new luxury waterfront community, One Steuart Lane, located in San Francisco’s
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null Getty There’s no question that the world of news is changing. The chances are that you’re accessing this piece from your mobile device, a departure from the way that we consumed our news a decade ago. Now, the news landscape may be changing again. Once deeply connected to for-profit organizations, media outlets are considering
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Jamie Dimon, CEO of JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit in Washington, D.C. on Dec. 6th, 2018.  Janvhi Bhojwani | CNBC The kinds of problems that sent short-term lending rates soaring in mid-September could happen more often if permanent fixes aren’t found, J.P. Morgan Chase CEO Jamie Dimon said Tuesday. Dollar funding
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Democratic presidential candidate Sen. Elizabeth Warren‘s wealth tax would not generate enough money to make a dent in income inequality, said David Rubenstein, the billionaire co-founder of private equity powerhouse The Carlyle Group. “I don’t think all of a sudden a wealth tax, for example, would solve all of our society’s problems, if one could
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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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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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2019 Purpose Prize winners Georgette Bennett, Paul Leon, Shirley Acevedo Buontempo, Sister Edna … [+] Lonegran, Wintley Phipps AARP Ten-year-old Shirley Acevedo Buontempo didn’t speak a word of English when her family emigrated to the United States from Puerto Rico in 1973. Seven years later, she was the first in her family to go to
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A new study finds that real estate agent commissions aren’t as transparent as they should be. Getty A new study shows that most real estate agents (and the brokerages who employ them) are less-than-forthcoming about their commission fees—a practice that researchers say has reduced price competition and stalled negotiating power for American consumers. The analysis,
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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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