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March 31, 2020
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Breaking News: Investing

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Larry Fink says economy will recover from coronavirus

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CNBC – For more and to sign up click here Larry Fink Olivia Michael | CNBC Larry Fink, CEO of the world’s biggest asset manager BlackRock, told shareholders that the economy will recover from the coronavirus pandemic, and when it does, there will be “tremendous opportunities” to be had.  “In......
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Oil drops more than 6% to 18-year low as global demand evaporates

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CNBC – For more and to sign up click here U.S. oil dropped to an 18-year low on Monday as demand continues to evaporate, and as Saudi Arabia and other OPEC+ nations prepare to ramp up production. With much of the world in lockdown as the coronavirus pandemic rages on,......
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Futures volatile, Dow’s best week since 1938, Trump extends guidelines

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CNBC – For more and to sign up click here US President Donald Trump speaks during a Coronavirus Task Force press briefing in the Rose Garden of the White House in Washington, DC, on March 29, 2020. Jim Watson | AFP | Getty Images This is a live blog. Check......
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Getting inspiration from the Greatest Generation’s economic hardship and shared sacrifice

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CNBC – For more and to sign up click here There’s been a meme going around the internet pointing out, “Your grandparents were called to war. You’re being called to sit on your couch. You can do this.” It seems extremely important to remember that there are things that are......
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impossible to make everyone happy with virus relief bill

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CNBC – For more and to sign up click here Hank Paulson David Orrell | CNBC Former Treasury Secretary Hank Paulson warned that the U.S. faces a “very difficult road ahead” after President Trump signed a historic $2 trillion coronavirus relief bill.  Paulson, a key figure in helping the country avoid......
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Crazy volatility forces Wall Street strategists to suspend S&P 500 targets

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CNBC – For more and to sign up click here The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next. Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended......
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Stocks snap 3-day win streak, Dow down 900

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CNBC – For more and to sign up click here This is a live blog. Check back for updates. 10:47 am: Wall Street analysts upgrade stocks on hopes the market has bottomed Deutsche Bank upgraded Qualcomm to buy from hold. Bank of America downgraded JPMorgan to neutral from buy. Loop Capital......
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Morgan Stanley CEO Gorman tells employees: ‘Your jobs are secure’

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CNBC – For more and to sign up click here Morgan Stanley CEO James Gorman told his employees that despite the upheaval caused by the coronavirus pandemic, their jobs will be secure through this year. “I am sure some, if not many, of you are worried about your jobs,” Gorman......
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This is a ‘once in a lifetime’ buying opportunity like ’87 and ’08, says Ariel’s John Rogers

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CNBC – For more and to sign up click here Stocks’ swift and steep sell-off is providing the type of buying opportunity that doesn’t come around all that often, and investors should take advantage of the downturn, according to Ariel Investments’ chairman John Rogers. “I think this is a maybe......
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Futures flat as investors wait on Congress to pass stimulus bill

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CNBC – For more and to sign up click here U.S. stock futures were flat in early trading Wednesday night as markets tried to build on recent strength in the Dow Jones Industrial Average and S&P 500. The two indexes have just posted their first back-to-back gains since February. Fueling......
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Futures turn negative, stimulus bill agreement, Dow’s historic day

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CNBC – For more and to sign up click here Senate Majority Leader Mitch McConnell, R-KY, Mandel Ngan | AFP | Getty Images This is a live blog. Check back for updates 8:42 am: Bill Ackman exits market hedges, uses $2 billion he made to buy more stocks including Hilton Pershing......
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Dow futures up 900, ‘limit up,’ hope for a stimulus deal

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CNBC – For more and to sign up click here A trader works on the floor of the New York Stock Exchange in New York, the United States, March 18, 2020. Michael Nagle | Xinhua News Agency | Getty Images All eyes are on Congress to pass a much-needed stimulus......
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Citigroup is giving some employees a $1000 bonus amid coronavirus

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CNBC – For more and to sign up click here Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup CEO Michael Corbat said the bank will send $1,000 awards to some employees to compensate them for the “financial......
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Oil drops as much as 8%, extending declines after worst week since 1991

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CNBC – For more and to sign up click here A worker on a an oil drill near New Town, North Dakota. Daniel Acker | Bloomberg | Getty Images Oil prices moved lower Sunday night, extending declines from the prior week, which saw U.S. West Texas Intermediate crude fall 29.31%......
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Goldman CEO David Solomon gets a 20% raise to $27.5 million for 2019

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CNBC – For more and to sign up click here David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs CEO David Solomon got a 20% raise to $27.5 million for his work leading the bank in......
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Futures point to 300-point drop for the Dow, reversing Thursday’s gains

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CNBC – For more and to sign up click here Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures pointed to losses at the open......
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Investor Ray Dalio estimates the corporate losses in the US from coronavirus will top $4 trillion

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CNBC – For more and to sign up click here Investor Ray Dalio said the U.S. corporations will lose as much as $4 trillion due to the economic damage from the coronavirus outbreak. “What’s happening has not happened in our lifetime before … What we have is a crisis,” Dalio......
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Bill Ackman pleads to Trump to increase closures to save the economy: ‘Shut it down now’

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CNBC – For more and to sign up click here Investor Bill Ackman urged President Donald Trump and corporate America in an impassioned plea on CNBC to shut down the country for 30 days to contain the fast-spreading coronavirus, calling it the only option to rescue the economy. “What’s scaring the American people......
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Oil plummets to near 18-year low, on pace for worst month ever

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CNBC – For more and to sign up click here A floorhand works on an oil rig in the Bakken shale formation outside Watford City, North Dakota. Getty Images Oil plummeted to a nearly 18-year low on Wednesday as the coronavirus outbreak continues to sap demand for crude, and as......
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Gundlach says it’s ‘ludicrous’ to think US won’t enter a recession as coronavirus hits economy

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CNBC – For more and to sign up click here Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that there’s a 90% chance the United States will enter a recession before the......

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