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Scott Minerd, founding managing partner at Guggenheim, at WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Guggenheim Partners Global CIO Scott Minerd said Wednesday that stocks could have further to fall as the markets came to grips with the economic impact from the coronavirus outbreak. Minerd, appearing on CNBC’s “Closing Bell,”
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Chamath Palihapitiya Heidi Gutman | CNBC Billionaires should be grateful for their good fortune and stop being so sensitive to public criticism and name-calling by politicians, tech billionaire Chamath Palihapitiya said Wednesday. In a heated billionaire-versus-billionaire debate with former hedge fund manager Leon Cooperman, Palihapitiya said that being demonized or labeled “out of touch” is a
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Top management at global companies are clueless on the full extent of the coronavirus impact and how it will affect their companies in the coming months, a portfolio manager told CNBC Wednesday. Many firms have highlighted that their operations will suffer as a result of the virus and some have taken precautionary measures. But Pieter
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This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 81,000Total deaths: At least 2,764 9:54 am: Brazil Health Ministry confirms first coronavirus case in Latin America The Brazilian government confirmed the first case of a fast-spreading new coronavirus in Latin America, officials from
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► Take our survey and tell us what you like about our YouTube channel and would like to see more of: https://bit.ly/33SJ8AI The FT’s Benjamin Parkin explains what’s behind India’s banking crisis and why it could spread to the real economy ► Check out our Community tab for more stories on the economy. ► Listen
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May 13 (Bloomberg) — Bill Ackman’s most controversial bets have been his most lucrative. The founder and CEO of Pershing Square gives us his rules for investing like an activist and tells us why he likes his day job. (Source: Bloomberg) — Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis
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Larry Kudlow, director of the U.S. National Economic Council, speaks during a television interview at the White House in Washington, D.C., U.S. on Thursday, Jan. 30, 2020. Alex Edelman | Bloomberg | Getty Images National Economic Council Director Larry Kudlow said the coronavirus-triggered selloff has created a buying opportunity for long-term investors. “The virus story
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Baseball, known locally as yakyuu (or literally “field ball”), is a national phenomenon in Japan. Masaoka Shiki, one of Japan’s four great haiku masters, wrote several poems praising it. Osaka’s most infamous urban legend centers around it. It’s even more popular than the nation’s native sumo. According to data published by Japan’s Central Research Services
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Klarna CEO Sebastian Siemiatkowski speaks at a technology and music conference in Stockholm, Sweden. Johan Jeppsson | Bloomberg via Getty Images Swedish financial technology start-up Klarna has reported an annual loss for the first time, following years of profitability. Klarna, which lets people buy items online and pay for them over instalments, reported a loss
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People walk outside a Lowe’s store in East Peoria, Ill. Daniel Acker | Bloomberg | Getty Images Lowe’s shares fell Wednesday after the company reported mixed fourth-quarter results, with sales weaker than expected, and provided a disappointing forecast. Shares were down more than 3% in premarket trading. Here’s what Lowe’s reported compared with what Wall
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Bob Chapek (C) Chairman of Parks, Experiences, and Products for the Walt Disney Company speaks during the dedication ceremony for the “Rise of the Resistance” attraction opening at Galaxy’s Edge at Disney’s Hollywood Studios on December 04, 2019 in Orlando, Florida. Gerardo Mora The head of Disney’s parks, experiences and products is now its new
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At $25 per pound, macadamia nuts are the world’s most expensive nuts.The nuts keep breaking price records every year. Macadamia trees take 7 to 10 years to begin producing nuts, and the nuts can only be harvested a few times a year. Although the demand for the nuts has largely outpaced the supply, exporters worry
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Private equity firms have come of age since their corporate raider days and are increasingly vying for retail investors’ cash. But what do they do? And what risks do investors face? John Authers, senior investment columnist, explains. ► FT Markets: http://bit.ly/1J5HNd3 ► FT Business: http://bit.ly/1KUK08s ►
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