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Tesla is the proxy to suggest that not only automotive companies are obsolete, oil producing countries are too: Expert

A cut in China tariffs on $75 billion worth of U.S. goods and solid corporate earnings are fueling today’s market gains. Agora Financial Chief Market Strategist Alan Knuckman and Cresset Capital Chief Investment Officer Jack Ablin join Yahoo FInance’s Seana Smith on The Ticker to discuss. …read more […]

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Boeing identifies new software problem on 737 Max

Boeing shares got a boost after a Reuters report that the FAA expects the 737 Max certification flight to take place in the next few weeks. Yahoo Finance’s Alexis Keenan joins Seana Smith on The Ticker to discuss how this plays out with new developments of another software problem for the aircraft. …read more […]

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Ken Griffin Says Markets Are Unprepared for Inflation

(Bloomberg) — U.S. markets are “utterly and completely unprepared” for the possibility that inflation might pick up after years of subdued price gains, hedge fund manager Ken Griffin said.“In the United States there is absolutely no preparedness for an inflationary environment,” Griffin, founder of $30 billion hedge fund Citadel, said at an Economic Club of New York luncheon on Thursday.Griffin didn’t comment further on what he sees as a lack of readiness. Expectations of continued low inflation have emboldened investors to load up on long-dated debt, helping to push the rate on 30-year Treasury bonds close to 2%, near historic …read more […]

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How Can Retirement Plan Consultants Help You?

Do you work for a company that provides retirement plan consultants and advisors? If so, are you taking advantage of these resources? A retirement plan advisor can help you establish a plan that guides you towards the end of your career with financial security.

What Can Retirement Plan Consultants Do for You?
Retirement plan consultants are much different than personal financial advisors. Your personal wealth manager will most likely specialize in taxes, insurance and estate planning. On the other hand, retirement plan advisors specialize in:

Retirement plan operations and design
Fiduciary responsibilities and compliance
Overall retirement marketplace and investments
Industry trends and analytics

In some aspects, personal …read more […]

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Musk’s SpaceX Plans a Spinoff, IPO for Starlink Business

(Bloomberg) — Elon Musk’s SpaceX plans to spin out and pursue a public offering of its its budding space-internet business Starlink, giving investors a chance to buy into one of the most promising operations within the closely held company.Space Exploration Technologies Corp. has already launched more than 240 satellites to build out Starlink, which will start delivering internet services to customers from space this summer, President Gwynne Shotwell said Thursday at a private investor event hosted by JPMorgan Chase & Co. in Miami.“Right now, we are a private company, but Starlink is the right kind of business that we can …read more […]

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Why You Need to Watch the Silver Market

Precious metals enjoyed glittering performances in 2019.
Palladium shot up nearly 40%! That’s double the return of the broader markets last year.
Gold surged more than 17% higher! That put it ahead of the Dow Jones Industrial Average and in line with the S&P 500.
And silver was up almost 13% through the first three quarters of the year… though that might be about to change, as you’ll soon see.
During their recent six-year bear market, metals weren’t really worth talking about.
Gold prices peaked at around $1,900 per ounce back in late 2011. They then tumbled 47% to $1,000 in December 2015. And from …read more […]

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Don’t Bet on This Top Wall Street Hedge Fund

One of Wall Street’s most high-profile hedge fund managers delivered an eye-popping 58.1% return last year.
But, as Nicholas Vardy explains, his fund is not a safe bet for wealth creation.

Bill Ackman is one of Wall Street’s most high-profile hedge fund managers.
His company, Pershing Square Capital Management, once managed as much as $20 billion. Ackman boasts a personal fortune of $1.7 billion.
Today, you can buy Ackman’s largest investment vehicle – Pershing Square Holdings (LSE: PSH) – with the click of a mouse.
And once you hear about Pershing’s eye-popping 58.1% return in 2019, you may be tempted to do so.
But based on …read more […]

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Intelsat Reaches Deal With the FCC on C-Band Airwaves

(Bloomberg) — Intelsat SA and other satellite providers have reached a deal with federal regulators on compensation for giving up airwaves in an auction, said two people familiar with matter.The companies are seeking payment for freeing airwaves U.S. regulators want to reallocate for mobile users. Wall Street had been fretting that a plan unsatisfactory to satellite operators would prompt them to walk out of the negotiations. An accord between the two sides presumably would blunt that risk.U.S. Federal Communications Commission chairman Ajit Pai is to reveal a proposal later Thursday for a vote at the commission’s Feb. 28 meeting.Intelsat soared …read more […]