Investing

There’s one thing the record 35-day government shutdown made clear: Americans aren’t saving for a rainy day. “The partial government shutdown serves as a wake-up call that emergency savings must be made a more serious priority,” said Mark Hamrick, senior economic analyst at Bankrate.com. Over three-quarters of all full-time workers are living paycheck to paycheck,
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After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday. “These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” “Their equipment might be more expensive
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Starboard Value is “certainly interested in the story at Bristol-Myers,” Jeffrey Smith, co-founder and CEO of the activist hedge fund, told CNBC on Tuesday. However, Smith refused to comment on a weekend Bloomberg report about Starboard taking a stake in the embattled pharmaceutical giant, which last month agreed to buy troubled cancer drug company Celgene
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