Deputy National Security Adviser Dina Powell will depart the White House “early next year,” press secretary Sarah Huckabee Sanders said Friday. In a statement, the White House spokeswoman called Powell “a key, trusted advisor in this administration,” but said “she has always planned to serve one year before returning home to New York.” Sanders said
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One of Wall Street’s top strategists and a longtime bitcoin fan has unveiled his top stock ideas to clients as a way to play the cryptocurrency craze. Fundstrat’s Tom Lee was the first major strategist to issue an official price target on bitcoin and now becomes the first to give clients direct bitcoin equity plays.
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President Donald Trump rejected the notion Friday that Wells Fargo would skate on penalties associated with claims of mortgage lending abuse. Reports circulated earlier this week that Mick Mulvaney, interim head of the Consumer Financial Protection Bureau, was reviewing prior settlements the agency had made in enforcement actions. Among them was a payout in the
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Customers of mobile-only banking start-up Revolut had a tough time accessing the app Thursday. The financial technology firm lets people spend and transfer money internationally without fees. But when it decided to allow users to buy, hold and exchange cryptocurrencies including bitcoin, Ethereum and Litecoin, some ran into difficulty. Revolut introduced a temporary queuing system
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You should also make sure you have adequate insurance coverage, Adams said. Take inventory of what you own and categorize major items, such as furniture, electronics and art work, to accurately assess their value. Note if your possessions have changed since you last updated your homeowner’s policy. If you have bought expensive furniture or electronics,
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Check out which companies are making headlines before the bell: General Motors — In a roundup of auto companies, Piper Jaffray wrote in a note that General Motors is “very cheap” compared to others in the industry. The firm views GM as “the second least-risky” company in its coverage and named the motor city giant
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Waze found that drivers are most unsatisfied in Honolulu. The Hawaiian city ranked lowest for access to gas stations and parking, in addition to having relatively poor road quality and infrastructure. San Diego, Los Angeles and San Francisco are also among the worst-rated metros. Some snowy cities appeared among Waze’s top-rated cities, while the bottom
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The reforms do have their shortcomings, however. The ‘bailing in’ of private investors has not worked as intended so far, a reduction in banks’ heavy exposure to government debt has not been tackled and loosely regulated investment funds are turning into “shadow banks” by slowly taking business away from regular lenders. The Basel reforms have
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Bitcoin dropped to as low as $14,566.81 Friday just after 1:30 p.m. SIN/HK, according to industry site CoinDesk. That was a nearly 14 percent decline from earlier high’s on the day of $17,153.94, according to the site which averages prices from major exchanges. In fact, bitcoin had actually rocketed above $19,000 on Thursday on the
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Hong Kong-based private equity and venture capital firm First Eastern Investment Group is betting big on China’s burgeoning financial technology sector, its chairman and chief executive told CNBC. “I’m putting my money on Chinese fintech, particularly the payments sector going global,” Victor Chu said Friday on the sidelines of the Fortune Global Forum in Guangzhou,
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United Continental announced a $3 billion buyback program after the market close Thursday. Shares of the airline operator gained more than 1 percent in after-hours trade. The company said in a statement that this amount represents about 17 percent of its market value as of its Wednesday closing price. CFO Andrew Levy said in a
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Former Democratic Congressman Harold Ford Jr. was fired from Morgan Stanley for “conduct inconsistent with our values and in violation of our policies,” a spokesperson told CNBC Thursday. The firing came as the former lawmaker was facing allegations of misconduct, according to a report in The Huffington Post, which was the first outlet to report
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News that Saudi Arabia’s Crown Prince Mohammed Bin Salman bought the $450 million Leonardo da Vinci painting came as a shock to the Western world. But to those who have followed the Prince, it’s just the latest in a series of jaw-dropping purchases. The Wall Street Journal reports that Prince Mohammed was the mystery buyer
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Mexico’s secretary of tourism disputed reports of tainted alcohol and described warnings about criminal activities from the U.S. State Department as “misleading” on Wednesday. “There is no evidence about tainted alcohol,” Enrique de la Madrid Cordero said on CNBC’s “Power Lunch.” Cordero said the case he reviewed concerned “excessive alcohol” — a problem associated with
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“Every resident downloads a proprietary app that allows you to call your car from valet, or pay your rent, or communicate with the staff anywhere in the building,” says Monir. The building’s most futuristic feature is its robot butler named Charley, which has been programmed to navigate elevators and hallways in order to serve residents.
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“If you make a transaction, the onus will be on you to report it,” said certified financial planner Samuel Boyd, senior vice president of Capital Asset Management Group in Washington, D.C. “Those transactions generate either short-term capital gains or losses or long-term capital gains or losses.” For many investments, individuals generally receive a Form 1099
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CNBC’s Jim Cramer said Thursday that he doesn’t blame investors for buying into the bitcoin frenzy, but once again he warned that the digital currency’s run could end badly. Earlier this week, Cramer said the cryptocurrency was a pure gamble, and those interested in it should just go to Vegas. Bitcoin rocketed even higher Thursday
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