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Photovoltaic solar cells Getty I wrote yesterday about the uncanny level of agreement I recently witnessed at a gathering of influential economists over the need for a carbon tax. There is widespread recognition in the economics profession that a carbon tax could be an effective tool to fight climate change. The next question is what the policy
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First, former Trump campaign chairman Paul Manafort was convicted on eight counts, the first conviction for Special Counsel Robert Mueller. Then, he was sentenced to 47 months in prison, a sentence many say was too light. Prosecutors wanted a lot more jail time, and the Sentencing Guidelines suggested that a lot more time was probable. No one wants to
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Don’t expect exchange-traded funds to go anywhere, Invesco’s head of ETFs said Monday. “We went through the dotcom bubble bursting, the credit crisis and other extreme periods of time, and ETFs have continued to grow,” Dan Draper told CNBC’s Bob Pisani. Critics of ETFs say they can lead to increased volatility. Jack Bogle, the late
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An interview with billionaire quantitative investor and co-founder of AQR Capital Management, Cliff Asness. In this interview, Cliff discusses his momentum trading strategy and how to exploit other investors psychology. Cliff also talks about the worth of Hedge Funds, Bubbles and Liberty.????Books by Cliff Asness and books on him are located at the bottom of
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Retirees with high prescription drug costs might want to keep an eye on President Trump’s hoped-for changes to Medicare. The president’s proposed 2020 budget, released Monday, calls for allowing Medicare to negotiate lower prices with pharmaceutical companies and would cap how much beneficiaries pay out-of-pocket under Part D prescription drug coverage, among other provisions. Yet
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For decades now, Silicon Valley has been considered the center of the tech world when it comes to innovation.Propy Major brands including Uber, Lyft, Slack, Pinterest, and Airbnb are predicted to IPO this year which could result in new wealth, not only for cities where these companies are headquartered but surrounding cities as well. The
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The latest figures on retail sales don’t necessarily paint a complete picture of what’s happening in the sector, two former CEOs told CNBC on Monday. U.S. retail sales unexpectedly rose in January, climbing 0.2 percent, according to the Commerce Department. However, data for December was revised down to show retail sales tumbling 1.6 percent instead
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Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted earnings per share of 12 cents on revenues of $370 million. Wall Street expected earnings
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