Month: November 2018

Snap Inc.’s stock price may have fallen to just over $6 a share — down about 70 percent from where the stock started publicly trading — but even this low price shouldn’t fool investors, CNBC’s Jim Cramer said Friday. “Do not be tempted by Snap’s $6-and-change share price. It’s not a bargain,” he warned. “At
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November will be a month to remember for bitcoin investors. The world’s largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk. Bitcoin hit a low of $3,878.66 Friday after starting November above the $6,300 mark. The digital currency is
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A compromised passport number could be your ticket to identity theft woes. Marriott International announced Friday that hackers had accessed the reservation database for its Starwood Hotels brand, compromising data for 500 million guests. For 327 million of those affected consumers, the hotelier said, the information compromised “includes some combination of” data points including name,
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O cannabis! Jon Fortt sits down with Danny Danko, High Times Senior Editor and Adam Bierman of Medmen Enterprises to discuss. the legalization of marijuana in Canada and the impact it will have around the globe. Fortt Knox is a weekly podcast from CNBC anchor Jon Fortt . Previous episodes of the program can be
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How much is too much when it comes to screen time for kids? Jon Fortt sits down with three experts to discuss, including NPR’s lead education blogger Anya Kamenetz; social media influencer and author Katherine Ormerod; and child and adolescent psychologist Dr. Richard Freed. Fortt Knox is a weekly podcast from CNBC anchor Jon Fortt
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Amazon feels the heat in niche markets. Jon Fortt speaks with Chegg CEO Dan Rosensweig on disrupting e-commerce and taking on Amazon in education. Plus — former Amazon Insider Nadia Shouraboura and Revzilla Founder Anthony Bucci on what it takes to challenge the e-commerce king. Fortt Knox is a weekly podcast from CNBC anchor Jon
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If you’ve stayed at a Starwood Hotel property in recent years, your personal information may have been compromised. Marriott International announced Friday that hackers had copied data from the reservation database for its Starwood Hotels brand, with unauthorized access dating back to 2014. “The company has not finished identifying duplicate information in the database, but
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Haliburton. Karen Finerman was a buyer of the Emerging Markets ETF. Dan Nathan was a buyer of Box. Guy Adami was a buyer of Eli Lilly. Trader disclosure: On November 29, 2018 the following stocks and commodities
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If you were reluctant about investing in bitcoin before, you’ve probably completely given up on the idea now. The cryptocurrency is trading at around $4,000, a steep drop from its all-time high of nearly $20,000 last December, according to data from CoinDesk. Investors looking for clues on how to move forward are likely to find
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Deutsche Bank slashed its General Electric price target to $7 a share on Friday, saying revenue for the conglomerate’s struggling power business “remains flattish but does not continue to decline.” “We think the key debates can be boiled down to the trajectory of GE Industrial [free cash flow] and whether the company is headed for
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Twitter shares have lost altitude. The social network has been in a tailspin since the summer, losing more than one-third of value after hitting 52-week highs in June. One technical analyst foresees a bounce. “I actually am pretty constructive on Twitter at current levels,” Mark Newton, technical analyst at Newton Advisors, told CNBC’s “Trading Nation”
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November’s sell-offs have pushed the popular FAANG stocks well below their average Wall Street price targets. Facebook, Apple, Amazon and Google parent company Alphabet are now at least 20 percent below analysts’ expectations, while Netflix is as much as 35 percent below its average target. Matt Maley, equity strategist at Miller Tabak, said FAANG’s recent
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