Month: March 2021

Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric stock surged more than 5% Monday as bullish analysts defended the company’s decision last week to sell its jet-leasing business to rival AerCap and new financial guidance. On Wednesday, the Boston-based conglomerate announced of the sale of GE Capital Aviation Services, or Gecas, the largest remaining asset
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Credit Suisse’s Jonathan Golub is urging investors to get clever with recovery plays. He’s advocating a broad strategy that goes beyond reopening trades such as airlines and hotels. “It could be metals and mining companies. It could be machinery and industrial names. Chemical names,” the firm’s chief U.S. equity strategist and head of quantitative research
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Matt Strickland, owner of Gourmeltz in Fredericksburg, Virginia, at his restaurant on Feb. 12, 2021. Strickland continues to operate his restaurant even though he said his license had been revoked by health officials for failing to comply with Covid-19 restrictions. Kevin Fogarty | Reuters For some of the smallest businesses that applied for forgivable loans
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Bill Ackman, founder and CEO of Pershing Square Capital Management. Cameron Costa | CNBC Billionaire investor Bill Ackman said Monday he donated his entire stake in Coupang — worth more than $1 billion — to charity following the South Korean e-commerce company’s IPO last week. Ackman, who runs the Pershing Square Capital Management hedge fund,
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The Internal Revenue Service headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images The IRS should police wealthy Americans who intentionally dodge their income taxes with more vigor, according to a report from the Treasury Inspector General for Tax Administration. About 686,000 taxpayers who earn at least $200,000 a year had a combined $38.5 billion
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CNBC’s Jim Cramer said Monday he’s concerned about plans to further ease indoor dining restrictions in New York City, and he won’t accelerate May plans to reopen his Covid shuttered Brooklyn restaurant. Restaurants in the city will be able to expand to 50% occupancy starting Friday, up from the current policy of 25%. The move comes as
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The Leuthold Group’s Jim Paulsen has a message for investors: Don’t give up on Big Tech. According to the firm’s chief investment strategist, Nasdaq volatility associated with rising Treasury Note yields may not be enough to permanently derail its two decade leadership cycle. “It’s quite a coincidence that that same peak we had three weeks
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A Transportation Security Administration (TSA) agent wears a protective mask and stands behind a protective barrier while screening a traveler at Ronald Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Tuesday, June 9, 2020. Andrew Harrer | Bloomberg | Getty Images TSA officers screened 1,357,111 people at airports on Friday, marking the highest number
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