Month: January 2021

Trevor Williams | DigitalVision | Getty Images As some stocks have climbed to record highs, you may have been tempted to double down on a favorite pick, like Tesla or the latest initial public offering. But at least one money expert is sounding the alarm that some investors may be overexposed to individual stocks. Christine
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One of Wall Street’s biggest bulls sees the stars lining up for the economy. Federated Hermes’ Phil Orlando predicts coronavirus vaccine distribution will rev up within weeks and set the stage for a monster market year. “Our view is by summer — by Independence Day — we will be free of the coronavirus. We’ll reach
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New Jersey Gov. Phil Murphy (D) blamed Walgreens and the federal government for the Garden State’s sluggish vaccine rollout during a Wednesday evening interview on CNBC’s “The News with Shepard Smith.” “The big reason is the federal program with CVS and Walgreens,” Murphy said. “They basically amassed these doses, they schedule visits to long-term care nursing
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The Netflix logo is shown in this illustration photograph in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines in midday trading.  Netflix — Shares of the streaming giant popped 14% after the company’s fourth quarter report beat Wall Street expectations for revenue and subscribers, which topped 200 million. Netflix also said
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U.S. Secretary of State Mike Pompeo speaks during a press conference at the Great Hall of the People on June 14, 2018 in Beijing, China. Lintao Zhang | Getty Images WASHINGTON – The Chinese government slapped sanctions on former Secretary of State Mike Pompeo, former National Security Adviser Robert O’Brien and former trade adviser Peter
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Stefani Reynolds/Bloomberg via Getty Images ‘Potentially erroneous’ QBI deductions The IRS allowed business owners to claim $57 million in “potentially erroneous” deductions on 12,980 tax returns filed last year, according to a report publicly released Tuesday by the Treasury Inspector General for Tax Administration. The watchdog urged the tax agency to increase its oversight of
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President Donald Trump in a prerecorded farewell address touted his record on the economy and foreign policy, while glossing over the Capitol riot that consumed the final weeks of his presidency. He also failed to mention his successor, Joe Biden, by name. Biden will be inaugurated as the nation’s 46th president Wednesday. Trump’s nearly 20-minute
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The Leuthold Group’s Jim Paulsen sees trouble lurking as investors embrace growing odds of another stimulus package. Even though the long-time bull acknowledges massive aid has been necessary to steer the U.S. through the coronavirus crisis, he’s worried too much spending will spark sharp inflation. In a recent note, Paulsen called it the “most significant risk
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A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab beat Wall Street’s profit and revenue expectations for the fourth quarter, the first earnings report following Schwab’s $26 billion acquisition of rival TD Ameritrade. Charles Schwab on
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