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Cramer: Fed Doesn't Need A Leader Who Has 'Never Bought Or Sold More Than A Savings Bond'
Thursday, July 13, 2017 - 11:58am | 398Many investors feel the current "Trump rally" is being driven by positive sentiment rather than any logical fundamental reason. But that isn't the case at all, according to CNBC's Jim Cramer, who notes that the most recent encouraging sign comes from the Federal Reserve. Fed. Chairwoman Janet...
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Trump Warming Up To Yellen? Economists See High Odds Of Her Renomination
Thursday, June 15, 2017 - 12:11pm | 648As the din on the fourth interest rate hike in the current normalization cycle settles down, the focus shifts to whether the Federal Reserve will have a change of guard at the helm when the incumbent Janet Yellen completes her term on February 3, 2018. Keen On Serving Out The Full Term At the...
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The Paris Climate Agreement's Most Surprising Defender: Exxon Mobil
Wednesday, May 31, 2017 - 12:59pm | 839President Donald Trump is withdrawing from the Paris Agreement, Axios reported in a story quoting sources with direct knowledge of the decision. For his part, the president tweeted he would announce his decision in the coming days, leaving open the possibility for a change of mind. EPA...
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Every Person In The White House Who's Been Fired Or Quit Since Trump Took Office
Tuesday, May 30, 2017 - 4:54pm | 2558President Donald Trump has set a major White House shake-up into motion, including bringing back former campaign officials, hiring a crew of outside lawyers to work on the Russia investigation and having his tweets monitored by White House advisors, reported the Wall Street Journal. With point of...
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Despite White House Turmoil, No One Pressing Pause On Tax Reform
Wednesday, May 17, 2017 - 2:47pm | 594Noting that the degree of overhaul depends on compromise between Republicans and Moderates on budgetary reconciliation instructions, Height Securities analyst Peter Cohn waged 85-percent odds that Congress will pass a major tax bill before 2018 midterm elections. The continued meetings of and...
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Big Bank Investors Shocked By Trump's Break-Up Comment
Monday, May 1, 2017 - 1:42pm | 580Financial stocks pulled back from session highs and dropped across the board Monday after President Donald Trump revisited a campaign promise to break up big banks into retail and investment segments. “I’m looking at that right now,” Trump told Bloomberg News interview. “...
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Rafferty's Dick Bove Downgrades Goldman Sachs
Tuesday, April 18, 2017 - 1:41pm | 429Richard Bove of Rafferty Capital Markets downgraded shares of Goldman Sachs Group Inc (NYSE: GS) from Buy to Hold with a price target slashed from $288 to $221 after the company reported its first-quarter results. According to Bove, Goldman Sachs' top-and-bottom-line miss was a "shock" considering...
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Senate's Glass-Steagall Act Revamp Is 'New' But Is It Improved?
Tuesday, April 11, 2017 - 2:32pm | 725A mutual feature of the Democratic and Republican campaign platforms inched closer to fruition Thursday as Sens. Elizabeth Warren, John McCain, Maria Cantwell and Angus King reintroduced the 21st Century Glass-Steagall Act. But the update of the original Glass-Steagall Act, also known as the...
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Gary Cohn, Trump's Top Economic Adviser, Supports Split Of Lending And Investment Banks
Thursday, April 6, 2017 - 1:55pm | 525Much of President Donald Trump’s campaign was spent pledging to eliminate regulations on U.S. companies. But White House economic advisor and former Goldman Sachs Group Inc (NYSE: GS) COO Gary Cohn surprised senators this week when he indicated he is in favor of bringing back a former banking...
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Here Are The Likely Options On The Table As Trump Weighs Tax Reform
Wednesday, March 29, 2017 - 3:27pm | 528White House officials are preparing to brief President Donald Trump Thursday on options for comprehensive tax reform, according to a Bloomberg report. As far as is known, the presentation will include House Speaker Paul Ryan’s “Better Way” plan featuring a destination-based cash...
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Gary Cohn: There's Huge Backlog Of Jobs Still Waiting To Be Created
Friday, March 10, 2017 - 11:51am | 328Gary Cohn, the director of the National Economic Council, said Friday the latest jobs report was a "perfect number" and "exactly where it needed to be." Speaking to CNBC after the release of February's jobs data, he said the jobs number also serves as a sign that the Trump...
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Dodd-Frank On The Chopping Block: Why Were Provisions Introduced And Why Are They Getting Cut?
Friday, February 3, 2017 - 4:51pm | 1021The Dodd-Frank Act has earned the disdain of the Republicans ever since it was enacted. The collective opposition to the regulation was exemplified in President Donald Trump's statement that said the Dodd-Frank Act is a disaster. The president said he soon plans to do a "big number" on the 2010...
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Does The New Administration Change Anything For These Proposed Mega-Deals?
Monday, January 30, 2017 - 4:15pm | 736A court rejection of a proposed $37 billion mega-merger between healthcare giants Aetna Inc (NYSE: AET) and Humana Inc (NYSE: HUM) and President Donald Trump’s critical commentary surrounding the proposed AT&T Inc. (NYSE: T) merger with Time Warner Inc (NYSE: TWX) may have investors...
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The Best Parts Of Rolling Stone's Takedown Of Goldman Sachs Amid Trump's Appointment Of Gary Cohn
Wednesday, December 21, 2016 - 10:29am | 723During his campaign, President-elect Donald Trump dissed about half of the United States’ major corporations, and Goldman Sachs Group Inc (NYSE: GS) was not exempt from his rage – pretty much the opposite. Trump repeatedly promised to “drain the swamp,” making reference to...
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Goldman's Gary Cohn Disagrees With Mark Cuban, Oil To Go Lower And Janet Yellen Has 'Got To Be Patient'
Tuesday, April 7, 2015 - 7:49am | 763Gary Cohn, president and COO of Goldman Sachs Group Inc (NYSE: GS), was on Bloomberg recently to discuss why he thinks oil prices can go substantially lower and why he disagrees with Mark Cuban's view that we are in another bubble. Cohn also discussed why Janet Yellen is compelled to remain...