A small group of UAW members picket outside General Motors’ Detroit-Hamtramck Assembly plant just after midnight Wednesday, Oct. 16, 2019, in Michigan. The union’s one-month national strike against the automaker is the longest since 1970 against GM. Michael Wayland | CNBC DETROIT – As the clock struck midnight, there was no dancing or cheering outside
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James Gorman, chief executive officer of Morgan Stanley, fixes his jacket during a Bloomberg Television interview on the sidelines of the Morgan Stanley China Summit in Beijing, China, on Thursday, June 1, 2017. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s
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A number of Wall Street’s rising hedge fund managers revealed their top stock picks on Wednesday at the annual Sohn San Francisco Investment Conference. The conference is best known for hedge fund managers making market moving presentations as well as introducing up-and-coming hedge fund stars in the Next Wave Sohn panel. The Sohn conference held
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Sen. Elizabeth Warren (D-MA) speaks during the Democratic Presidential Debate at Otterbein University on October 15, 2019 in Westerville, Ohio. A record 12 presidential hopefuls are participating in the debate hosted by CNN and The New York Times. Win McNamee | Getty Images Sen. Elizabeth Warren may have a new slogan: “Where’s the beef?” During
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Virgin Galactic founder Richard Branson models the company’s new line of spacewear made by Under Armour. CNBC | Michael Sheetz Richard Branson‘s space tourism venture is closer to listing its shares publicly than some may expect and, once it begins flying regularly, the billionaire founder told CNBC that Virgin Galactic will look to expand its
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Billionaire investor Leon Cooperman slammed Democratic presidential candidates Elizabeth Warren and Bernie Sanders on their proposals to put an additional tax on the richest Americans. “Stop portraying billionaires as criminals,” Cooperman said on CNBC on Wednesday, the morning after Warren and Sanders in the latest Democratic debate cast themselves as the hardliners on tacking wealth
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The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon reported a 7% fall in quarterly profit on Wednesday, as the world’s largest custodian bank earned lower fees and took a hit from a drop in interest rates. Net income applicable to common shareholders fell
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Entrepreneur Andrew Yang speaks onstage during the fourth Democratic primary debate of the 2020 presidential campaign season co-hosted by The New York Times and CNN at Otterbein University in Westerville, Ohio on October 15, 2019. Saul Loeb | AFP | Getty Images Andrew Yang, whose longshot Democratic campaign has made surprising inroads into the race
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Steve Eisman, an investor best known for shorting stocks, says he’s betting long on Motorola Solutions Inc., a Schaumburg, Illinois-based company that provides communications systems for law enforcement and emergency responders. “It’s a little obscure,” he said on CNBC’s Fast Money on Monday. “What I really like about it is that it has very good
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Call it a financial frenzy. Big banks J.P. Morgan Chase, Citigroup, Wells Fargo and Goldman Sachs kicked off earnings season with their reports Tuesday, with J.P. Morgan leading the pack and the broader market higher after surprising Wall Street to the upside. Experts, including Wells Fargo’s former CEO, were impressed by J.P. Morgan’s record revenue,
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