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Monthly Archives: August 2023

DeSantis says he would ban TikTok because of China threat

Florida Gov. Ron DeSantis told CNBC that he would likely ban TikTok if given the opportunity because the social media app is owned by a Chinese company. “I do think it represents a threat to our country given China’s ownership of it,” DeSantis told CNBC’s Brian Sullivan in an interview …

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With AI stocks down, Jim Cramer says many not be worth the hype

CNBC’s Jim Cramer on Monday turned his attention to companies that have been touting their use of generative artificial intelligence. With many of these stocks seeing losses, Cramer suspects that some, with the exception of Nvidia, are not worth the hype. But unlike other fad stocks — such as certain …

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Hawaiian Electric shares dive 35% following class action lawsuit

A Mercy Worldwide volunteer makes damage assessment of charred apartment complex in the aftermath of a wildfire in Lahaina, western Maui, Hawaii on August 12, 2023. Yuki Iwamura | AFP | Getty Images Shares of Hawaiian Electric tumbled more than 35% on Monday amid Wall Street concerns about the company’s …

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3 things to know about retirement benefits

President Franklin D. Roosevelt signs the Social Security Act into law on Aug. 14, 1935. FPG | Archive Photos | Getty Images Social Security has reached a milestone — its 88th birthday. On Aug. 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law. With that law, …

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Apple Watch X reportedly coming next year with blood pressure tracking

Apple is planning a big upgrade to celebrate the 10th anniversary of its watch with a new device dubbed the “Watch X,” according to Bloomberg. The Watch X will reportedly feature a thinner case, and designers are considering a magnetic band that is sleeker and takes up less space than …

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Lloyd Blankfein can’t imagine returning to Goldman Sachs

Former Goldman Sachs CEO Lloyd Blankfein said he couldn’t imagine returning to his old firm, disputing a news report that said Blankfein offered to return in some capacity. The New York Times piece “misquoted” Blankfein, the former Goldman CEO told CNBC Monday in a phone conversation. The Times reported Friday …

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Biden administration issues college guidance after affirmative action ruling

The Biden administration released new guidance on Monday on how colleges can “lawfully achieve a diverse student body” in the wake of the Supreme Court’s ruling striking down affirmative action. In a “Dear Colleague” letter and a questions and answers page, the U.S. Department of Education outlined what policies and practices for …

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Prepare for volatility, even if there’s a soft landing for the economy

After more than a year of recession predictions, some experts have backed off past forecasts and now embrace what’s known as a “soft landing” for the economy. Even so, one financial advisor is stressing the importance of preparing for future stock market volatility. A soft landing could include an economic …

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DeSantis urges Bob Iger to drop Disney lawsuit, accept end of ‘special privileges’

Florida Gov. Ron DeSantis on Monday said that Disney CEO Bob Iger should drop his company’s lawsuit accusing the Republican governor of political retaliation. “They’re suing the state of Florida. They’re going to lose that lawsuit,” DeSantis said in an interview with CNBC’s “Last Call” set to air in full …

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‘Accept the fact that stocks go down,’ Jim Cramer says of Nvidia

Nvidia (NVDA) — the top-performing stock in the S & P 500 so far this year — is unlikely to embark on a one-way march higher in the near term, CNBC’s Jim Cramer said Monday. Even with a more-than 4% pop Monday, to nearly $428 a share, the stock of …

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