Month: September 2020

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‘Incredible economic momentum’ will drive stocks higher in Q4, Leuthold’s Jim Paulsen says

The Leuthold Group’s Jim Paulsen considers Wall Street pessimism overdone. From the latest consumer confidence numbers to booming home sales, the firm’s chief investment strategist believes Main Street is accurately reflecting an unprecedented rebound, and investors will soon take notice. “A lot of good things happening here as we enter the fourth quarter,” Paulsen told …

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Apollo co-founder Josh Harris says the SPAC trend is ‘here to stay’

Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and …

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Thinking of closing your business? Avoid these last-minute tax surprises

Francesco Carta fotografo | Moment | Getty Images For small-business owners facing pressure amid coronavirus, even going broke will cost them money. Some 610 businesses in the New York City region filed for bankruptcy from March 16 to Sept. 27, an increase of 40% from the year-ago period, according to Bloomberg. But there’s more to …

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Looking to start investing? Don’t wait until after the presidential election

A young couple going through financial problems Geber86 | E+ | Getty Images As Americans prepare to vote in the Nov. 3 presidential election amid the global coronavirus pandemic, some are wondering if the potential for outsized market volatility is a reason to delay investing in stocks. The U.S. stock market has moved sharply up, …

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Airlines are hours away from cutting more than 30,000 jobs without billions more in federal aid

Association of Flight Attendants International President Sara Nelson joins airline executives, fellow union heads and political leaders to call on Congress to pass an extension of the Payroll Support Program to save thousands of jobs, during a news conference outside the U.S. Capitol September 22, 2020 in Washington, DC. Chip Somodevilla | Getty Images The …

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Barbara Corcoran disagrees with ‘Shark Tank’ co-star Mark Cuban’s stimulus ideas, but has her own approach

According to Mark Cuban, a second stimulus package should give all American households a $1,000 stimulus check every two weeks for the next two months — and they must use that money within 10 days to promote spending and help keep businesses open.  But Cuban’s “Shark Tank” co-star, Barbara Corcoran disagrees with her friend’s “use it …

Barbara Corcoran disagrees with ‘Shark Tank’ co-star Mark Cuban’s stimulus ideas, but has her own approach Read More »

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Vista’s Robert Smith says there are more opportunities in private markets than public right now

Robert Smith, the billionaire chairman and CEO of Vista Equity Partners, said Wednesday that there’s a marked disparity in investment opportunities between the public and private markets. Smith, who spoke with CNBC’s David Faber from the Delivering Alpha conference, said that his firm continues to look at high-growth investments in enterprise software versus more mature areas …

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How to pick the right business partner for your own success

Starting a new business can be an exciting time, laden with opportunity and risk. For many small business owners, starting (or expanding) a business with a partner can offer significant advantages, from the ability to raise additional capital to new and complementary business skills. But business partnerships can pose their own challenges, so it’s important …

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GM extends talks on $2 billion deal with Nikola after fraud, sexual assault allegations surface against Trevor Milton

Nikola Motor Company Badger pickup truck Source: Nikola Motor Company General Motors and Nikola are not expected to finalize a $2 billion deal scheduled to close before Wednesday after allegations of fraud and sexual abuse surfaced against the embattled start-up’s founder and former executive chairman, Trevor Milton, according to two people familiar with the negotiations. Executives at both companies …

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Warren Buffett-backed Chinese car maker announces strong demand for its new luxury electric sedan

Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Demand for luxury electric sedans is on the rise in China. In just over two months, orders for the “Han” line of electric cars from BYD — a Chinese …

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‘Schoolcations’ are trying to lure parents who have had it with remote learning

With elementary and high school around the world attending school virtually this fall, hotels are selling an unlikely travel opportunity — the “schoolcation.” Families are being enticed from their homes by hotels promising a change of scenery alongside tutoring, round-the-clock tech help and after-school activities that are more fun than what’s available back home.   Relieving …

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Goldman Sachs CEO shuffles consumer banking, wealth management leaders

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth management divisions.  The moves announced …

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Biden’s tax returns show he lost $100,000 in deductions due to SALT caps

Joe Biden speaks at the National Constitution Center in Philadelphia on Sept. 20, 2020, to make a statement on the nomination for replacement of recently deceased Supreme Court Justice Ruth Bader Ginsburg. Roberto Schmidt | AFP | Getty Images Residents in high-tax states who lost out on a substantial write-off are in good company. Democratic …

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New York City misses out on billions of tourism dollars as coronavirus keeps Broadway dark

Time Square, New York, April 8, 2016, Times Square is a major landmark of New York, brightly adorned with billboards and advertisements. William Rodrigues dos Santos Harrison Chapman gave his girlfriend tickets to see “West Side Story” last December, thinking he had delivered the perfect Christmas present. However, two weeks before they were set to …

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