Month: December 2018

The stock market needs the so-called FAANG stocks to be “unified and consistent” for it to head higher into the new year, veteran trader Art Cashin told CNBC on Monday. FAANG stands for Facebook, Amazon, Apple, Netflix and Google parent company Alphabet. The group, which led the market higher earlier this year, helped pull equities
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The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw recommends a call spread in Disney. Carter Worth recommends the Russell 2000 small-cap ETF. Brian Kelly recommends shorting the U.S. Dollar. Trader disclosure: Brian Kelly is long AMD, CBOE, CME, GCAP, GS, HIVE, IBM, MCB, MSFT, MU, NVDA, OSTK,
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In recent years, Mediterranean and Asia Pacific flavors have become more mainstream, with diners indulging in the Hawaiian dish poke and falafel rice bowls at restaurants like Cava. However, in 2019 you’ll likely see more of a North African and Middle Eastern influence. Harissa, a Tunisian hot chili pepper paste, is already enticing diners in
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When Kevin Zraly first started studying wines almost 50 years ago, it wasn’t the most popular alcoholic beverage in the U.S. “People looked at me like I was nuts studying wines,” Zraly said. “All my friends were drinking beer.” At 21, Zraly hitchhiked to California to get exposure to the wines there. And after graduating
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While many New Yorkers are dreading the day Amazon moves into its new “headquarters” in the Long Island City neighborhood of Queens and crowds the subway with 25,000 new workers, there’s one group of people welcoming the company with open arms: Executives at other tech firms. It may seem counter-intuitive that smaller tech companies are
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U.S. banks and regulators continue to struggle tracking and curbing money moved through international banks and companies that ultimately is used to fund the North Korean government, according to a report in the The Wall Street Journal. That’s because North Korea uses proxies with hidden government ties across the globe to facilitate moving those payments,
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Tesla has outmaneuvered the Securities and Exchange Commission by appointing Larry Ellison and Kathleen Wilson-Thompson to its board, management expert Jeffrey Sonnenfeld told CNBC on Friday. The electric-car company made the appointments on Friday to comply with an SEC settlement. “The SEC has been had on this one,” said Sonnenfeld, senior associate dean at the
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