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Monthly Archives: March 2019

$2 million all-electric car is world’s fastest

Bloomberg | Bloomberg | Getty Images A new Pininfarina SpA Battista luxury hypercar sits on display on the opening day of the 89th Geneva International Motor Show in Geneva, Switzerland, on Tuesday, March 5, 2019. An Italian specialist carmaker unveiled an all-electric car that it claims can reach 180 miles …

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Trump friend Tom Barrack plans to cooperate with House Judiciary Committee

Patrick T. Fallon | Bloomberg | Getty Images Thomas Barrack, executive chairman of Colony NorthStar Inc. Tom Barrack, a personal friend of Donald Trump who chaired the president’s inaugural committee, said he would cooperate with the House Judiciary Committee’s requests to hand over documents as part of a sweeping probe …

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Tesla shares fall 4 percent despite China approval of Model 3 imports

VCG | Getty Images More than 1,800 Tesla electric cars, including over 1,600 Model 3 from the United States, arrive at Pudong Waigaoqiao Port on February 22, 2019 in Shanghai, China. Freight ship ‘Morning Cindy’ carrying more than 1,800 Tesla electric cars, including over 1,600 Model 3 from the United …

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‘Fearless Girl’ comes to London’s financial district — just in time for International Women’s Day

Getty Images ‘The Fearless Girl’ statues stands across from the iconic Wall Street charging bull statue, March 8, 2017 in New York City. The figurine looks to ignite a global conversation around the power of female leadership, while encouraging businesses to make their boards more inclusive, gender-balanced and diverse. For …

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GE aviation business ‘already in liquidation mode’

Daniel Acker | Bloomberg | Getty Images An employee inspects damaged area of a composite engine case during repair at the GE Aviation manufacturing facility in Batesville, Mississippi. General Electric’s prized aviation financing and leasing business is “already in liquidation mode” and has weakening earnings that are “masked by gains” …

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The stock market and the economy are telling two different stories

The S&P 500’s monster rally has notched the best two-month start of a year since 1991, but by one simple measure, the market pricing seems to be ignoring the economic reality. Starting at a few points below 2,800 in Tuesday trading, the S&P 500 is currently trading more than 16 …

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Investor asks L Brands to separate Victoria’s Secret, Bath & Body Works: WSJ

Drew Angerer | Getty Images A woman walks past a Victoria’s Secret store in Midtown Manhattan, March 1, 2019 in New York City. An investor in Victoria’s Secret parent L Brands is asking the company to consider splitting fragrance and personal care shop Bath & Body Works from the lingerie …

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‘Extraordinary’ market trend points to record gains, Tony Dwyer says

Instead of worrying about pullbacks, Wall Street bull Tony Dwyer suggests investors should be buying stocks. According to the Canaccord Genuity chief market strategist, more than 90 percent of S&P 500 stocks are above their 50-day moving averages. That degree of breadth, Dwyer said, typically coincides with robust gains. It’s …

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Robert Mueller notifies judge that Roger Stone shared Instagram image

At the same Feb. 21 hearing, the judge warned him: “Today, I gave you a second chance. This is not baseball, you don’t get a third chance.” If Jackson finds that Stone, who is currently free on a $250,000 signature bond, violated that order, she could have him jailed without …

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Italy finance minister Tria says biggest issue is investor confidence

Simona Granati | Corbis News | Getty Images ROME, ITALY – JULY 24: Minister of Economy Giovanni Tria attends a press conference. Investor confidence is the biggest problem that Italy is facing, the country’s finance minister told Class-CNBC Monday. The euro zone’s third largest economy has struggled to convince investors …

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