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September and October are historically tough months for equities and 2021 is proving no different. For instance, September meant the worst performance for the S&P 500 since the height of the pandemic. Over the past month, the Nasdaq 100, Dow Jones Industrial Average and S&P 500 are down about 3%, 0.30% and 1.1%, respectively. But
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When Skillz (NASDAQ:SKLZ) closed at a 52-week low last week, it discouraged investors from seeking exposure to the sports betting and iGaming market. SKLZ stock is faring worse than fuboTV (NYSE:FUBO), which is also entering the sports betting market. Source: NYCStock / Shutterstock.com Still, Skillz is not the only company facing selling pressure. DraftKings (NASDAQ:DKNG)
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The shrinking U.S. workforce during the Covid pandemic is “going to cripple” the economic recovery, billionaire investor and businessman Barry Sternlicht warned Wednesday. The founder of Starwood Capital Group, which operates hotels as part of its broader portfolio, said the federal government should pay people go back to work, not to stay home. “The whole
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We bring back one of our most popular guests, investment expert Lyn Alden. Together, we explore how to build a global portfolio. Lyn teaches us how we can determine the most attractive equity markets, how to identify red flags, and how we can protect ourselves against inflation. IN THIS EPISODE, YOU’LL LEARN: 0:00:00 – Intro
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The Walt Disney Company is a global entertainment company that operates a broad range of businesses, including theme parks, resorts, a cruise line, broadcast TV networks, and related products. Disney also produces live entertainment events and produces and streams a wide range of film and TV entertainment content through its relatively new digital streaming services. The Walt
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Global investor Barry Sternlicht told CNBC on Wednesday he continues to hold a cautious view on investing in China. “We’re not investors directly in China,” the chairman and CEO of Starwood Capital Group said in an interview on “Squawk Box.” “It’s not a China thing, so much as countries where we think the deck is stacked or we can’t
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In this article BLK DAL VMEO Delta Air Lines Airbus A330-300 landing at Athens International Airport AIA ,LGAV / ATH Eleftherios Venizelos, with registration N806NW, a former Northwest Airlines Airplane. Nicolas Economou | NurPhoto | Getty Images Check out the companies making headlines in midday trading. BlackRock — Shares of the asset management giant rose
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Tesla (NASDAQ:TSLA) CEO Elon Musk recently suggested that, if all transportation is electrified, the global demand for electricity could roughly double. That, in turn, would “create a lot of challenges with the grid,” he stated. Musk’s statement dovetails with my own, long-held beliefs about the improved results that many electricity-oriented companies are likely to see
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Spacecraft commander Jared Isaacman speaks into a microphone as he peers out the cupola window. Inspiration4 The historic Inspiration4 mission, launched and operated by Elon Musk’s SpaceX, returned safely from orbit last month. CNBC spoke to the mission’s commander and benefactor Jared Isaacman about the experience. He spent three days in SpaceX’s Crew Dragon capsule
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