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Monthly Archives: June 2019

The best performing stock so far this year is a cosmetics company

Traders work at the Coty booth on the floor of the New York Stock Exchange. Jin Lee | Bloomberg | Getty Images Beauty company Coty is by far the best-performing stock in the S&P 500 so far this year. Shares of the cosmetics distributor are up more than 100% in …

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Trump keeps talking about ‘quantitative tightening,’ but he’s overstating its impact

President Donald Trump has railed repeatedly about the Federal Reserve’s “quantitative tightening” and the impact it has had on economic growth during his administration. The program will be over soon, which may not bring as much relief as Trump thinks. One reason the president may not want to get his …

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80% of the stock market is now on autopilot

Traders work on the floor at the New York Stock Exchange, May 23, 2019. Brendan McDermid | Reuters It’s no secret that machines are taking up a bigger and bigger share of investing, but the extent of their influence is approaching shocking proportions. It is as high as 80%, according …

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Best June for the Dow since 1938, S&P 500’s best first half in two decades

Pedestrians pass in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Wall Street wrapped up a roaring June and first half of the year as investors cheered the prospects of easier monetary policy from the Federal Reserve and awaited clarity on U.S.-China trade relations. …

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Amazon PR and policy chief Jay Carney gets a bigger profile

Senior Vice-President of Worldwide Corporate Affairs at Amazon James Carney speaks with EU officials on February 1, 2018 in Brussels, Belgium. Thierry Monasse | Corbis News | Getty Images Just three weeks after Amazon abruptly dropped its plan for a second headquarters in New York City, CEO Jeff Bezos had …

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Here are the stocks Goldman says have the most on the line facing G-20

Will there be a truce, a deal or a further breakdown? All eyes are on this weekend’s G-20 showdown between President Donald Trump and Chinese leader Xi Jinping. For investors on edge about the trade outcome, here are the make-or-break stocks with the most to win or lose, according to …

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‘Deliveries may provide a pop, but earnings may cause a drop’

SpaceX owner and Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters UBS slashed its earnings forecast and price target for Elon Musk’s Telsa, the firm said Friday. Improved deliveries in the second quarter could drive …

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Oil to trade in current range or higher this summer

Iranian President Hassan Rouhani (L) attends the 21st Nationwide Assembly of the Islamic Revolution Guards Corps (IRGC) Commanders in Tehran, Iran on September 15, 2015. Anadolu Agency | Anadolu Agency | Getty Images Oil experts surveyed by CNBC do not expect the U.S. to have any meaningful discussions with Iran …

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OPEC may have less influence on oil prices than G-20, but there is one big wild card

Secretary General of OPEC, Mohammed Barkindo (R), Russia Energy Minister Alexander Novak (L), Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih (C) hold a joint press conference during the 173rd Ordinary Meeting of the Organisation of Petroleum Exporting Countries (OPEC) in Vienna, Austria on November 30, 2017. …

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Yield curve rapid steepening may be sending recession signal

Traders work on the floor of the New York Stock Exchange on March 22, 2019. Spencer Platt | Getty Images When the yield curve inverted (short-term Treasury rates rise above long-term yields) earlier this year, investors began worrying it was signaling a recession. Now months after staying inverted, yields on …

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